SKO - Serko.com

[whatsup]

$3.75 all time high, well done team and much much MUCH more to come imho !

Closed at a ATH today $3.76 !!

[sb9]

Closed at a ATH today $3.76 !!

Might see another ATH tomorrow as it closed on ASX at A$ 3.61 which equates to NZ$ 3.82 based on current cross rate.

[whatsup]

Might see another ATH tomorrow as it closed on ASX at A$ 3.61 which equates to NZ$ 3.82 based on current cross rate.

Because of the Aussie write up there is steady buying coming from there , in fact once they cotton on they will drive the S P growth just like A2M/ATM !!

[sb9]

Might see another ATH tomorrow as it closed on ASX at A$ 3.61 which equates to NZ$ 3.82 based on current cross rate.

There we've it, closed at an ATH of $3.82 on a day when most of market is in red.

[whatsup]

Steady again today, word is spreading $3.85 and rising.

[silu]

I like it when ATH get beaten days in a row. Have a nice long weekend everyone!

[whatsup]

Closed @ ATH $3.88 well done team .

[sb9]

Well, someone is keen to accumulate going by big crossing after market y’day...



1
19
5:19:40 pm
388
562,078
$2,180,862
Off market

[Leftfield]

Thanks sb9. Maybe we should start collecting more too !!??

[sb9]

Thanks sb9. Maybe we should start collecting more too !!??

Opened today at $3.75 on ASX which is NZ $3.98. May be open of $4 tmrw when we’re open for business here.

[Leftfield]

Opened today at $3.75 on ASX which is NZ $3.98. May be open of $4 tmrw when we’re open for business here.

Mmmm not sure about the timing. Aus closed down to $A3.60. However most of the SKO action is still on NZX IMO and only a question of time before this share flies.

[sb9]

Mmmm not sure about the timing. Aus closed down to $A3.60. However most of the SKO action is still on NZX IMO and only a question of time before this share flies.

Close of $3.90, not a bad finish considering market carnage across board today.

[whatsup]

Close of $3.90, not a bad finish considering market carnage across board today.

at last some good news !

[Leftfield]

Close of $3.90, not a bad finish considering market carnage across board today.

Yep recent days have been a good test for SKO. TA looking good. I'm happy and hoping a re-rating is underway.

[whatsup]

Can we hit $4.00 today ?

[sb9]

Can we hit $4.00 today ?

And off we go...$3.95 to start with.

[Timesurfer]

Can we hit $4.00 today ?
Might give it a nudge today with the off market trade going through early

[whatsup]

$3.99 and rising, Im picking that "if" we reach $7.50 in a couple of years time ( et al XRO & ATM to name a couple ) that this day will be a book mark day !, remember you heard it here first !

[Balance]

$3.99 and rising, Im picking that "if" we reach $7.50 in a couple of years time ( et al XRO & ATM to name a couple ) that this day will be a book mark day !, remember you heard it here first !

Long way to go if Diligent & Xero & ATM provide any guidance.

Will do a song and dance when it hits $10 book mark.

Australian institutions are getting on board big time and they are struggling to get stock without paying up.

[silu]

Long way to go if Diligent & Xero & ATM provide any guidance.

Will do a song and dance when it hits $10 book mark.

Australian institutions are getting on board big time and they are struggling to get stock without paying up.

Welcome back Balance! I join you in the song and dance when we hit $10 :)

[sb9]

Long way to go if Diligent & Xero & ATM provide any guidance.

Will do a song and dance when it hits $10 book mark.

Australian institutions are getting on board big time and they are struggling to get stock without paying up.

Good to have you back balance, by the way that's my target price too $10 if and when we get there.

[Everwood]

My 5 year target is between $18 to $22. If this happens, I will be setup for life.

[Timesurfer]

My 5 year target is between $18 to $22. If this happens, I will be setup for life.
Either my tastes are too expensive or I don’t have enough shares yet.
But I will be able to play with the Couta’s and Beagles if it gets to those figures.

[whatsup]

Can we hit $4.00 today ?

One day out, well done buyers @ $4.00 .

[whatsup]

Up 1.8% so far someone it doing their best to prize parcels of shares from large holders today , 380 ,000 traded so far, Q is who is buying instos or astute Sharetrader readers ?

[Timesurfer]

There was a big trade went through before the market opened this morning which I assume was an insto. Then FOMO set in and pushed us to the $4 I’d guess.

[sb9]

There was a big trade went through before the market opened this morning which I assume was an insto. Then FOMO set in and pushed us to the $4 I’d guess.

Think the first block of crossing pre-market open was 250K at $3.90 a piece. And recent lots of 25k, 75K are going at $4 mark,

Looks as though demand is all coming from Aussie side. Few big boys are keen by the looks.

[Timesurfer]

Pushing for the sky again today.
Picked up another block last week after talking to a financial advisor about how much money I need to retire on.
Should be good now (although ... having said that, I thinking maybe a few more just in case!).

[whatsup]

Ath @ $4.02 !

[sb9]

Pushing for the sky again today.
Picked up another block last week after talking to a financial advisor about how much money I need to retire on.
Should be good now (although ... having said that, I thinking maybe a few more just in case!).

Looks the under $4 sell feed has been abated, sit back, relax and enjoy the show :t_up:

[Timesurfer]

Looks the under $4 sell feed has been abated, sit back, relax and enjoy the show :t_up:

Yep. Seems almost everyone is holding tight at the moment.
However, I will wait until the close of play before getting too excited as someone was dumping on the upward pressure last minute last week.

[Everwood]

At the moment it's 3.88 on the ASX which is equivalent to 4.10 NZD.

[Leftfield]

Looks the under $4 sell feed has been abated, sit back, relax and enjoy the show :t_up:

Yee ha...... go you good thing!!

[Timesurfer]

At the moment it's 3.88 on the ASX which is equivalent to 4.10 NZD.
Well spotted ... it seems the sellers noticed that too and pulled out.

[whatsup]

strong close @ $4.06 !!

[Balance]

Long way to go if Diligent & Xero & ATM provide any guidance.

Will do a song and dance when it hits $10 book mark.

Australian institutions are getting on board big time and they are struggling to get stock without paying up.

$4.00?

Early days with this company which is tapped into the global travel & leisure markets with the best product.

[Balance]

Interesting - sellers have all pulled stumps and disappeared!

Suggest to me that there's a big buyer (s) out there looking for stock.

I wonder how a flipper (according to one of my brokers - who was allocated 100,000 shares at the IPO but flicked out at 90c vowing never to trust the company) now think.:confused:

[silu]

Interesting - sellers have all pulled stumps and disappeared!

Suggest to me that there's a big buyer (s) out there looking for stock.

I wonder how a flipper (according to one of my brokers - who was allocated 100,000 shares at the IPO but flicked out at 90c vowing never to trust the company) now think.:confused:

In Oct 2016 I wrote the following

"My worst performing share in my whole portfolio. Kept it as feedback from users (as above) was great but in hindsight I should have just sold them at a loss and moved on. No wonder the "normal" Kiwi doesn't like investing in the sharemarket with IPO's like these."

but I stayed strong and in fact topped up in 2017 again. I told myself that nothing has changed in the reasons why I initially bought it and it was the market that was wrong. I feel vindicated now :)

[Timesurfer]

Which one of you has listed the $10 block?
I think you are selling too cheap :t_up:

[silu]

Pushing for the sky again today.
Picked up another block last week after talking to a financial advisor about how much money I need to retire on.
Should be good now (although ... having said that, I thinking maybe a few more just in case!).

Hope you don't mind if I briefly go off-topic. What does your financial advisor think what you need for retirement? My goal is to be mortgage free and have minimum 300k. That's just for me. No kids. At the moment I'm on track.

[Balance]

In Oct 2016 I wrote the following

"My worst performing share in my whole portfolio. Kept it as feedback from users (as above) was great but in hindsight I should have just sold them at a loss and moved on. No wonder the "normal" Kiwi doesn't like investing in the sharemarket with IPO's like these."

but I stayed strong and in fact topped up in 2017 again. I told myself that nothing has changed in the reasons why I initially bought it and it was the market that was wrong. I feel vindicated now :)

Good on you, Silu.

I sold just a few to rebalance my portfolio but have kept most of my holding which I added to over the last 4 years. I hope it was you who bought those few of mine. :t_up:

[Balance]

Hope you don't mind if I briefly go off-topic. What does your financial advisor think what you need for retirement? My goal is to be mortgage free and have minimum 300k. That's just for me. No kids. At the moment I'm on track.

Depends on your aspirational lifestyle on retirement?

[silu]

Depends on your aspirational lifestyle on retirement?

I'm a simple man. Financially if I don't have to worry about housing, where to get my next meal from, can pay bills on time and have money for the occasional travel then I'm content and happy.

[Timesurfer]

Hope you don't mind if I briefly go off-topic. What does your financial advisor think what you need for retirement? My goal is to be mortgage free and have minimum 300k. That's just for me. No kids. At the moment I'm on track.
His advice was a million in consumable equity. But as you say it all depends on when you want to retire, how much you want to live on, and what your family situation is.

Are we going to hit $10 by Friday? Not that I am impatient or anything.
Although in the unlikely event we can extrapolate the past 2 years 50c to $4 forward 2 years we are looking at $32 which would do nicely.

[Leftfield]

Crikey, the depth looking very favourable for holders today! Hold on.

[Yoda]

Think Webjet..... the share price was around this price in 2015 and now is $14

[whatsup]

I think that this is a very tedious way to accumulate SKO stock for a wanting insto S Her two or three cents increments at a time considering some posters are calling this a ten dollar share sometime in the future , why not bite the bullet and line wipe up to $5.00 and then make a market stand for whats needed/wanted !!!!

[t.rexjr]

I think that this is a very tedious way to accumulate SKO stock for a wanting insto S Her two or three cents increments at a time considering some posters are calling this a ten dollar share sometime in the future , why not bite the bullet and line wipe up to $5.00 and then make a market stand for whats needed/wanted !!!!

Because there's always people that need to sell...

[silu]

SP just hit 420. Nice.
.
.
.
.
.
I'll get me coat

[Timesurfer]

I think that this is a very tedious way to accumulate SKO stock for a wanting insto S Her two or three cents increments at a time considering some posters are calling this a ten dollar share sometime in the future , why not bite the bullet and line wipe up to $5.00 and then make a market stand for whats needed/wanted !!!!

Maybe they have taken your advice.

Long may the trend continue. Pleased I over paid at 3.98 for some more last week!

[RupertBear]

Maybe they have taken your advice.

Long may the trend continue. Pleased I over paid at 3.98 for some more last week!

Well done Timesurfer, I had the same dilemma last week, to top up at $3.98...$3.99...$4.00..or not. I didnt in the end, damn, wish I had!

[whatsup]

[/B]

Well done Timesurfer, I had the same dilemma last week, to top up at $3.98...$3.99...$4.00..or not. I didnt in the end, damn, wish I had!

Rup if SKO is a $10 share in waiting then todays price isn't too steep a price to pay only 5% more !!

[RupertBear]

Rup if SKO is a $10 share in waiting then todays price isn't too steep a price to pay only 5% more !!

Yes I hear you whatsup, I actually succumed to my FOMO and topped up this morning, it will probably drop back down again now but oh well, no worries

[whatsup]

Yes I hear you whatsup, I actually succumed to my FOMO and topped up this morning, it will probably drop back down again now but oh well, no worries

Well done , fortune favours the brave ! I dallied at buying ATM @ $1.48 , bought @ 1.49 glad I did.

[RupertBear]

Well done , fortune favours the brave ! I dallied at buying ATM @ $1.48 , bought @ 1.49 glad I did.

WOW! Thats awesome well done! :D

[Timesurfer]

Yes I hear you whatsup, I actually succumed to my FOMO and topped up this morning, it will probably drop back down again now but oh well, no worries
Looking solid at the moment. I can’t see it being a regrettable scenario in the medium to long term.

Don’t suppose you want to sell some of those ATM shares for double your money whatsup? :eek2:

[Balance]

Think Webjet..... the share price was around this price in 2015 and now is $14

Yup. It’s human nature to fret about paying ever higher prices for shares because of the built in conservative feeling that the stock has already had a good run.

Yet these are the stocks which should be easiest to invest in because they are showing traction and progress with executing their growth strategies.

Meanwhile, a lot of punters (my self included) have tended to think a stock which has halved in price must be starting to look attractive!

[sb9]

On course for a bullish finish at $4.25.

[whatsup]

100,000 trades @ $4.25 after close, BRILLANT !!

[whatsup]

$4.29 close in Aussie !

[Balance]

I think that this is a very tedious way to accumulate SKO stock for a wanting insto S Her two or three cents increments at a time considering some posters are calling this a ten dollar share sometime in the future , why not bite the bullet and line wipe up to $5.00 and then make a market stand for whats needed/wanted !!!!

In a takeover or strategic move, yes - a buyer will make a stand on the market at a premium (after consulting with brokers etc) to grab the intented stake.

You can see from today's share price move that the buyer of the 100k shares had to pushed the sp by 19c or 4.7% to entice a seller to provide the stock.

Can only get harder and harder for buyers to get big meaningful stakes in a great story like Serko.

Their hope will be that the directors sell some (like Rod Drury in Xero) or the company makes a placement to fund an acquisition.

[winner69]

Always good buying 220/240 (for me anyway) eh Balance

Still don’t really understand how they make money but heck it sounds like a good story ....and the squiggly line on the chart looks awesome

[Balance]

Always good buying 220/240 (for me anyway) eh Balance

Still don’t really understand how they make money but heck it sounds like a good story ....and the squiggly line on the chart looks awesome

You are a braver person than me then!

Everytime I buy/invest in a stock which I did/do not understand or follow closely, I end up losing (sometimes big)!:eek2:

[silu]

Happy 5th NZX anniversary Serko! It's been a great ride. Looking forward to continuous happy returns.

[Balance]

Happy 5th NZX anniversary Serko! It's been a great ride. Looking forward to continuous happy returns.

Haha - would not describe it as a great ride in the first 3 years for those who bought at the IPO :eek2:

BUT

it certainly has been a spectacular ride since the stock bottomed out at 29c in March/April 2017. :t_up:

Here's looking forward to the next 500% gain. :)

[Timesurfer]

Well, I've just bought in at $3.67 - $3.69. Have been watching for a while, good to see the revenue growth and the 'holistic' view they maintain on the needs of their customers. So I hope that it isn't a 'Diligent'.

I am guessing you are pretty happy with that choice.
Watching the cat and mouse game today as they crept lower waiting to see if our buyer would jump back in ... all the while thinking I should grab a few more.
Back to ATH again now.

[Oliver Mander]

I am guessing you are pretty happy with that choice.
Watching the cat and mouse game today as they crept lower waiting to see if our buyer would jump back in ... all the while thinking I should grab a few more.
Back to ATH again now.

purr purr...:D
always a long term game though...

[sb9]

I am guessing you are pretty happy with that choice.
Watching the cat and mouse game today as they crept lower waiting to see if our buyer would jump back in ... all the while thinking I should grab a few more.
Back to ATH again now.

After week or so of pausing, looks like it’s back in the hunt. May be second wave of buying coming up.

[Balance]

After week or so of pausing, looks like it’s back in the hunt. May be second wave of buying coming up.

Expecting another ATH tomorrow.

Serko presenting their (not so well understood) outstanding huge global growth story to retail audience tonight :t_up:

[Timesurfer]

Expecting another ATH tomorrow.

Serko presenting their (not so well understood) outstanding huge global growth story to retail audience tonight :t_up:

Surely people must be starting to understand the potential by now. I certainly put my money where my mouth is on this one and am looking forward to the ride.

P.S. If I am to be accused of ramping .. I have a lot of ramping to do to reach my $50 off ramp! I am in for the long haul.

[Balance]

Surely people must be starting to understand the potential by now. I certainly put my money where my mouth is on this one and am looking forward to the ride.

P.S. If I am to be accused of ramping .. I have a lot of ramping to do to reach my $50 off ramp! I am in for the long haul.


Always good buying 220/240 (for me anyway) eh Balance

Still don’t really understand how they make money but heck it sounds like a good story ....and the squiggly line on the chart looks awesome

Our W69 gave me a big fright when he wrote the above! :eek2:

So anything that Serko can do to explain to potential shareholders what their business & strategies are, how they make monies and why the share price has been rocketing can only be good and help get towards your $50 sp when we all retire most comfortably indeed! :t_up:

How's that for a ramp? :p

[sb9]

Expecting another ATH tomorrow.

Serko presenting their (not so well understood) outstanding huge global growth story to retail audience tonight :t_up:

Thanks for heads up, could you share details re where and when (time) if you can.

[Balance]

Thanks for heads up, could you share details re where and when (time) if you can.

NZX organized sold out presentation in Auckland tonight.

Was only advised about it last night - would have loved to attend just to get the update but no place left.

Having attended two of their presentations, I believe Serko executives present very well - no hype, understated, good explanations and able to articulate real vision of where and how they are taking the company.

[silu]

$50 a share. I briefly allowed myself to daydream.

[silu]

Thanks for heads up, could you share details re where and when (time) if you can.

https://www.nzx.com/investing/events/retail-investor-evenings-2019?utm_content=95103536&utm_medium=social&utm_source=twitter&hss_channel=tw-143583008

[sb9]

NZX organized sold out presentation in Auckland tonight.

Thanks, for once NZX seem to be doing something useful :p

[sb9]

https://www.nzx.com/investing/events/retail-investor-evenings-2019?utm_content=95103536&utm_medium=social&utm_source=twitter&hss_channel=tw-143583008

Thanks for that.

[Balance]

Thanks, for once NZX seem to be doing something useful :p

Haha - reluctantly agree. ;)

Poor old Hamilton got the bump steer last night - Cannasouth!

https://www.nzx.com/investing/events/retail-investor-evenings-2019?utm_content=95103536&utm_medium=social&utm_source=twitter&hss_channel=tw-143583008

Must have been one lousy presentation - CBD sp dropped today!

[silu]

Haha - reluctantly agree. ;)

Poor old Hamilton got the bump steer last night - Cannasouth!

https://www.nzx.com/investing/events/retail-investor-evenings-2019?utm_content=95103536&utm_medium=social&utm_source=twitter&hss_channel=tw-143583008

Must have been one lousy presentation - CBD sp dropped today!

If only they had some edibles to sample after their presentation.

[Balance]

If only they had some edibles to sample after their presentation.

Probably used all the samples during the IPO process?

There must have been a few seriously 'hung over' new IPO shareholders yesterday when Cannasouth sp hit 36c (28% down in a week) - word is that they would like to stone the directors. :D

[whatsup]

$4.26 ath !!

[Timesurfer]

Our W69 gave me a big fright when he wrote the above! :eek2:

So anything that Serko can do to explain to potential shareholders what their business & strategies are, how they make monies and why the share price has been rocketing can only be good and help get towards your $50 sp when we all retire most comfortably indeed! :t_up:

How's that for a ramp? :p

I will certainly buy you a bottle of your favourite poison if you get us to $50 in the near future :D

[whatsup]

I will certainly buy you a bottle of your favourite poison if you get us to $50 in the near future :D

H@lls B@lls I WILL BUY YOU TWO CASES !!

[Balance]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/336785/302565.pdf

Clear and simple to understand presentation.

Market cap of $344m as at yesterday will probably give unease to non-shareholders.

Read page 12 and that's what the company is doing and aiming to achieve.

Happy holder.

[janner]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/336785/302565.pdf

Clear and simple to understand presentation.

Market cap of $344m as at yesterday will probably give unease to non-shareholders.

Read page 12 and that's what the company is doing and aiming to achieve.

Happy holder.

Agree with you . Been following since page 1.
Started picking up last year.
Added few more yesterday.

[silu]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/336785/302565.pdf

Clear and simple to understand presentation.

Market cap of $344m as at yesterday will probably give unease to non-shareholders.

Read page 12 and that's what the company is doing and aiming to achieve.

Happy holder.

I would only feel uneasy if they'd have a product that would be easy to replicate. On current earnings they are obviously hugely overvalued but luckily the share market doesn't operate that way.

Did anyone from here go last night? Would love to hear especially from non-shareholders to see what they thought or why they believe that Serko is not a sound investment.

[whatsup]

I would only feel uneasy if they'd have a product that would be easy to replicate. On current earnings they are obviously hugely overvalued but luckily the share market doesn't operate that way.

Did anyone from here go last night? Would love to hear especially from non-shareholders to see what they thought or why they believe that Serko is not a sound investment.


No trades yet, Hmmmmm ! what was the response of the headsup last night , not must have ( yet ) !

[silu]

426 ¢
(NZD)
42174 -99%
28/06 14:15 NZT

When I saw -99% just now I nearly wet myself. Obviously a technical issue because shares traded and total $ volume doesn't match either.

[whatsup]

another ath $4.28 !

[whatsup]

SKO opens up 2.5% in Aust but not all of that rise is reflected here in N Z we are now $4.32 atm.

[sb9]

SKO opens up 2.5% in Aust but not all of that rise is reflected here in N Z we are now $4.32 atm.

Looking stronger now at $4.35, but still lagging on ASX price of A$4.22.

[Balance]

Looking stronger now at $4.35, but still lagging on ASX price of A$4.22.

Up 55% YTD.

Simply stunning!

[sb9]

Up 55% YTD.

Simply stunning!

Another strong start for the day.

[Balance]

Another strong start for the day.

Could a be a few attendees at NZX's presentation by Serko last week deciding they better grab a few before the sp reaches $5.00?

Share market old timer I used to hang out with once said to me : "Investors in NZ find it harder and harder to buy a stock as its share price goes higher and higher. It is perverse as it should get easier and easier! Means the story is getting better and better, and more believers are jumping onboard."

So much truth in what he said.

[Timesurfer]

Could a be a few attendees at NZX's presentation by Serko last week deciding they better grab a few before the sp reaches $5.00?

Share market old timer I used to hang out with once said to me : "Investors in NZ find it harder and harder to buy a stock as its share price goes higher and higher. It is perverse as it should get easier and easier! Means the story is getting better and better, and more believers are jumping onboard."

So much truth in what he said.

Good quote. And good news day again. $5 looking closer and closer

[BlackPeter]

Could a be a few attendees at NZX's presentation by Serko last week deciding they better grab a few before the sp reaches $5.00?

Share market old timer I used to hang out with once said to me : "Investors in NZ find it harder and harder to buy a stock as its share price goes higher and higher. It is perverse as it should get easier and easier! Means the story is getting better and better, and more believers are jumping onboard."

So much truth in what he said.

Nonsense.

Share price is always underlying value plus hype. Hype can be a big number and it can be positive or negative. Just looking at the SP does not allow you to identify the hype component - it would have been not very clever to buy into PEB or WYN while the price was high - but obviously for some other stocks (like MFT or FPH) a high and constantly rising price seems to reflect the underlying value.

A high share price is no reason at all to buy a share - but, if the underlying value is better than the SP, than it obviously shouldn't be an obstacle either.

Whether Serko is cheap or dear is nothing you can read from the share price ... other than that the market seems to think at this stage that it is worthwhile buying. Sometimes the market is right and sometimes it is wrong. Just remember - this is the same market which was happy to pay at some stage $ 4 for TRA, $2 for WYN, $1.60 for PEB or $20.0000 for Bitcoin.

[Balance]

Nonsense.

Share price is always underlying value plus hype. Hype can be a big number and it can be positive or negative. Just looking at the SP does not allow you to identify the hype component - it would have been not very clever to buy into PEB or WYN while the price was high - but obviously for some other stocks (like MFT or FPH) a high and constantly rising price seems to reflect the underlying value.

A high share price is no reason at all to buy a share - but, if the underlying value is better than the SP, than it obviously shouldn't be an obstacle either.

Whether Serko is cheap or dear is nothing you can read from the share price ... other than that the market seems to think at this stage that it is worthwhile buying. Sometimes the market is right and sometimes it is wrong. Just remember - this is the same market which was happy to pay at some stage $ 4 for TRA, $2 for WYN, $1.60 for PEB or $20.0000 for Bitcoin.

And you seriously consider investing in Bitcoin, PEB, Wynyard & TRA in the same league as investing in AIA, EBO, SKO, DIL, MFT, XRO, ATM?

Stunning!

Enuf said! :t_up:

[sb9]

And you seriously consider investing in Bitcoin, PEB, Wynyard & TRA in the same league as investing in AIA, EBO, SKO, DIL, MFT, XRO, ATM?

Stunning!

Enuf said! :t_up:

Well put Balance.

[Timesurfer]

I think you can find exceptions to every rule, and a little common sense goes a long way. However, if there wasn’t some risk everyone would be doing it.

[Timesurfer]

Are the big boys about to pounce now they have sucked the price back again - or is the sp about to tumble back to a price where I will be forced to start accumulating again? Cat and mouse going on.

[Timesurfer]

How exciting, I will soon be able to afford to accumulate more.

[ziptie]

How exciting, I will soon be able to afford to accumulate more.

This! ^^

I have been waiting for the next (Inevitable) dip on this before it spring boards again.

[RGR367]

This! ^^

I have been waiting for the next (Inevitable) dip on this before it spring boards again.

Oh I just try to bought some more on it on 410 and below as I'm completely sold to the story just like that stock called zilch :)

[Lorne Ranger]

I'm a bit baffled by the lacklustre support for this stock above $4. Is everyone just hypnotised by PLX right now? The latest SKO financial update seems to have taken some wind out but im not sure why as the result was good, IMHO. Any suggestions?

[44wishlists]

A lot of tech stocks are momentum trading. The company has to constantly give out new announcements to keep up the momentum. In this case, SKO is currently losing momentum, and resulting the SP being pulled back.

[Timesurfer]

It tends to drop on relatively light trading once the buyers stop driving it up. Only the traders and small holders selling out generally.
If I was to try and double down I would have to punch it right back to where it was unless more sellers come out of the woodwork.
Might have to cash up something else and buy a few more if sits below $4.

[Everwood]

Techweek interview about Corporate Travel with Darren from Serko https://youtu.be/lsMQ3jhW0u4

[Balance]

It tends to drop on relatively light trading once the buyers stop driving it up. Only the traders and small holders selling out generally.
If I was to try and double down I would have to punch it right back to where it was unless more sellers come out of the woodwork.
Might have to cash up something else and buy a few more if sits below $4.

Steadily going back up as you predicted.

[silu]

Techweek interview about Corporate Travel with Darren from Serko https://youtu.be/lsMQ3jhW0u4

Thank you for sharing. Darrin is doing a sterling job in explaining corporate travel and how Serko fits into it to layman like me.

[sb9]

Thank you for sharing. Darrin is doing a sterling job in explaining corporate travel and how Serko fits into it to layman like me.

He's good isn't he...

Well, after few weeks of drag, looks like we might see sp inching close to $4.50 range and with upcoming ASM next month and market update we might push towards $5 mark by the year end.

[Timesurfer]

Looking forward to the next update. Everything Darren says seems to make sense so the numbers should keep endorsing him and we all be rewarded. Short of the world financial collapse I don’t see any down side in the near to medium future.

[Schrodinger]

FaceMe, Serko partner to make world-first ‘pocket travel agent’

[janner]

FaceMe, Serko partner to make world-first ‘pocket travel agent’


https://www.cio.co.nz/article/664805/serko-faceme-create-world-first-digital-human-corporate-travel-assistant/

[sb9]

Powering ahead in time for upcoming ASM on 21st...(same day as ATM results day).

[silu]

Anyone bought on the dip? A mate of mine followed my advise this week and got on board at $3.80. I myself got enough.

[Balance]

Anyone bought on the dip? A mate of mine followed my advise this week and got on board at $3.80. I myself got enough.

Like you, I have enough and to be very frank, this is not a particularly good time to increase exposure to the stockmarkets!

[silu]

Tweet from this morning:

Today we're announcing a partnership with @SouthwestAir who have selected the @SerkoOnline next generation travel platform @zeno_travel as launch partner for NDC Content. We're excited to bring the full Southwest experience to our travelers including EarlyBird Check-in. #Zeno

reply from Darrin
Not bad for a KIWI company taking on the world to be the first corporate online platform to showcase NDC content in the USA with a major airline!!!

[silu]

To those, like me, who are confused to what NDC actually is Zeno has a good explanation here https://www.zeno.travel/latest/how-ndc-reduces-spend-and-provides-a-richer-travel-experience?utm_campaign=New%20Distribution%20Capab ility&utm_content=98399364&utm_medium=social&utm_source=twitter&hss_channel=tw-716496955296210944

How NDC works in reality
Let’s take a look at a frequent corporate traveller who needs to book an upcoming long-haul trip. Because this person is a frequent traveller as defined by her company’s travel policy, she is entitled to certain travel benefits.

First, she is entitled to premium seat selection. Second, she is entitled to access the airline lounge prior to departure, and the arrival lounge at destination. Third, the travel policy allows her to purchase priority boarding so she can secure overhead space and get settled for the long flight.

In today’s GDS booking environment the traveller would book the airline trip via the company’s online booking tool or directly with one of the company’s travel agents.

Following the completion of the booking the traveller would likely go online to the airline website to purchase the seat selection, the enhanced boarding access, and the lounge passes. In addition to spending time doing this, our traveller will pay the full “rack rate” for each of these additional services and have to submit multiple expense items.

Using an NDC-enabled connection with a travel booking system like Zeno, she would be able to secure the airline booking, lounge access, enhanced boarding, and preferred seat all in one bundled and seamless transaction. No need to contact the airline directly, no need to spend additional time logging in to the airline website, no need to be concerned about capturing more than one item for the expense report. In addition, the bundled pricing is applicable, so the company saves money.

[Everwood]

Tweet from this morning:
Today we're announcing a partnership with @SouthwestAir who have selected the @SerkoOnline next generation travel platform @zeno_travel as launch partner for NDC Content. We're excited to bring the full Southwest experience to our travelers including EarlyBird Check-in. #Zeno

reply from Darrin
Not bad for a KIWI company taking on the world to be the first corporate online platform to showcase NDC content in the USA with a major airline!!!

Hopefully they will eventually announce a partnership with American Airlines, Delta Air Lines or United Airlines. Southwest is still a very good accomplishment, which is the third biggest airline in the United States in terms of passengers carried.

[sb9]

Hopefully they will eventually announce a partnership with American Airlines, Delta Air Lines or United Airlines. Southwest is still a very good accomplishment, which is the third biggest airline in the United States in terms of passengers carried.

Here is link from company website re new partnership.

https://www.serko.com/news-blog/southwest/ (https://www.serko.com/news-blog/southwest/)

[Balance]

Here is link from company website re new partnership.

https://www.serko.com/news-blog/southwest/ (https://www.serko.com/news-blog/southwest/)

Now, isn't that so refreshing - that Serko does not bother to make statements to NZX on every deal and development which they make?

Says to me that the company is well and truly on its way! :)

Well and truly reminds me of Diligent - it was all about the big material deals when the company was taking off.

[whatsup]

SKO's AGM tomorrow , should be interesting updates on its marketing penetrations.

[silu]

SKO's AGM tomorrow , should be interesting updates on its marketing penetrations.

Anyone going?

[forest]

Yes, will be there.

[sb9]

Details of webcast for those that can't be there in person...


Webcast


The Annual Meeting will be webcast live. To view and listen to the
webcast, please visit https://vimeo.com/348948801/ee7861848c

[silu]

Yes, will be there.

Would love to read your thoughts about it afterwards.

[Balance]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/339541/305844.pdf

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/339541/305834.pdf

Cautious but confident! :t_up:

[silu]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/339541/305844.pdf

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/339541/305834.pdf

Cautious but confident! :t_up:

Watching the live broadcast. Path to $100 revenue p.a. Quite a clear goal and plan on how to deliver.

[sb9]

Watching the live broadcast. Path to $100 revenue p.a. Quite a clear goal and plan on how to deliver.

Doing same, listening to Darrin can't help but think we could hit $5 very soon.

[Balance]

Watching the live broadcast. Path to $100 revenue p.a. Quite a clear goal and plan on how to deliver.

Refreshingly clear strategy and articulated so well.

[sb9]

Refreshingly clear strategy and articulated so well.

With launch of Te Reo version of Zeno, might see some Iwi money come into the company by way of new investment :)

[forest]

Would love to read your thoughts about it afterwards.

Silu I think this company has explained its business plan quite clearly in today's presentation.
Expectations are that revenue growth will be in line with the last 2 years and R&D at elevated levels for the next year or two.
After that if things go to plan R&D should come to lower levels and revenue growth increase for some years.
This is what I was left with attending the meeting.

[Balance]

Silu I think this company has explained its business plan quite clearly in today's presentation.
Expectations are that revenue growth will be in line with the last 2 years and R&D at elevated levels for the next year or two.
After that if things go to plan R&D should come to lower levels and revenue growth increase for some years.
This is what I was left with attending the meeting.

Listened in on the meeting via video link and I agree with your assessment.

I also sense a very high level of confidence (albeit quietly expressed) that everything is tracking to plan.

The video featuring comments from industry participants at the GBTA convention earlier this month about Zeno - impossible not to get enthusiastic about how well Serko is going to do in the US, as long as they execute to plan.

Based upon their track record to date, I have every confidence they will do so.

Q & A session - they effortlessly answered all questions and did not attempt to downplay the level of competition that they are facing from the established players. Interesting to note that they stated they have attracted staff and customers away from the established players. The related question about the risk then of drawing the attention of the big competitors to shut them down - again was well answered showing that they have thought through how they are endearing themselves to the industry users while protecting their IP at the same time.

What a refreshingly wonderful contrast to PEB - biggest compliment I can pay to the team at Serko.

Onwards and forwards.

$10 sp, here we come!

[silu]

Silu I think this company has explained its business plan quite clearly in today's presentation.
Expectations are that revenue growth will be in line with the last 2 years and R&D at elevated levels for the next year or two.
After that if things go to plan R&D should come to lower levels and revenue growth increase for some years.
This is what I was left with attending the meeting.

Thank you for your feedback. I got the same impression from the live feed.

Another thing I noticed was later on when there was the question with regards to staff and as I understood correctly he said that lots of the new ones are independent contractors so they are more flexible in getting projects quickly to the market. So I don't think when those projects are delivered high staff costs could become a drag on the balance sheet.

I've also founded this on a paid website https://www.thecompanydime.com/serko-north-america/
Serko Tries To Go Where No Corporate Online Booking Tool Has Gone Before

No independent, non-U.S. corporate booking tool provider has ever really succeeded in this market.
Serko is trying to be the first. The New Zealand-based software provider, which also
offers expense management, is spending significantly to grow its presence in Canada and the United
Kingdom as well. The company expects travel management company reseller partnerships in these
markets to begin paying of during the next year.

What it's taking to get there is no small feat. "Any market to any market is hard," said Serko senior vice
president for North America Tony . . .

And the comment from one very experienced contributor:
"If an online booking tool could develop a function to demonstrably prevent hidden mid-office fare markups,
it could conquer the planet."

As far as I remember Darrin has mentioned in an interview that this is one particular strength of Zeno.

I still feel confident in the Serko board to deliver on their promises and I'm happy to hold a large parcel that I expect to grow and grow.

[Balance]

Thank you for your feedback. I got the same impression from the live feed.

Another thing I noticed was later on when there was the question with regards to staff and as I understood correctly he said that lots of the new ones are independent contractors so they are more flexible in getting projects quickly to the market. So I don't think when those projects are delivered high staff costs could become a drag on the balance sheet.

I've also founded this on a paid website https://www.thecompanydime.com/serko-north-america/
Serko Tries To Go Where No Corporate Online Booking Tool Has Gone Before

No independent, non-U.S. corporate booking tool provider has ever really succeeded in this market.
Serko is trying to be the first. The New Zealand-based software provider, which also
offers expense management, is spending significantly to grow its presence in Canada and the United
Kingdom as well. The company expects travel management company reseller partnerships in these
markets to begin paying of during the next year.

What it's taking to get there is no small feat. "Any market to any market is hard," said Serko senior vice
president for North America Tony . . .

And the comment from one very experienced contributor:
"If an online booking tool could develop a function to demonstrably prevent hidden mid-office fare markups,
it could conquer the planet."

As far as I remember Darrin has mentioned in an interview that this is one particular strength of Zeno.

I still feel confident in the Serko board to deliver on their promises and I'm happy to hold a large parcel that I expect to grow and grow.

Thanks for that, Silu.

Exciting times ahead indeed for Serko!

Let's hope Serko is able to continue to 'conquer the planet' and make NZ Inc truly stand out on the map.

Have seen far too many great NZ stories seduced by takeover offers by the big boys out there.

[RTM]

Have seen far too many great NZ stories seduced by takeover offers by the big boys out there.

Yes...that is my biggest fear as well Balance. On reflection it would have been a good question for someone to ask at the ASM. I REALLY hope this does not happen. I wonder what the next target is after $100mil ? If all goes well for them...I see them achieving the $100ml relatively quickly.

Thanks for comments Silu.
Disc Modest holding.

[Balance]

Yes...that is my biggest fear as well Balance. On reflection it would have been a good question for someone to ask at the ASM. I REALLY hope this does not happen. I wonder what the next target is after $100mil ? If all goes well for them...I see them achieving the $100ml relatively quickly.

Thanks for comments Silu.
Disc Modest holding.

Ex-colleagues of mine built up a software company years ago to service the financial services sector - their products and services were so good that they were eclipsing the big players out there (Sun Microsystems, Bloomberg, Oracle, SAP etc).

I was rather keen on them being listed but even before brokers had a chance to pitch to them, they were offered over US$100m for their company by one of the big boys. Cannot fault them for accepting as the money set them up for the rest of their lives several times over but what a tragedy for NZ and the financial services industry. Especially when the big boy promptly shut down the company so they can continue to charge millions of dollars for a single installation vs several hundred thousand dollars for my ex-colleagues.

I sense that Darrin & Shaw & Botherway are different so here's to the future!

[RTM]

Hope you're right Balance. Like your colleagues... it will be hard to ignore huge dollars should they be offered.
Money changes many perspectives.

[silu]

SAP bought Concur in 2014 for US$7.3 billion. I think at that valuation I'd let my Serko shares go.

[Balance]

SAP bought Concur in 2014 for US$7.3 billion. I think at that valuation I'd let my Serko shares go.

Well, let's hope the Serko boys think big and play big!

[whatsup]

One of the better presentations that I have witnessed from a N Z listed company, if they can achieve their stated goals then we are on to a winner here, Im not too sure if on the back of yesterday they warrant a rerating from the gods but Im betting there needs to be runs on the board for the next couple of years before that happens .

[Schrodinger]

SAP bought Concur in 2014 for US$7.3 billion. I think at that valuation I'd let my Serko shares go.

When SKO nears $100M ARR they (partners) will seriously try and buy them. Might get $1.3B+at this revenue range ($15ish). The faster they get there the higher the multiple. This all rests on the US and how their first roll out works.

Although that leads to the question why sell? I've seen several Tech companies not sell push towards $10B valuations..

[whatsup]

All Time High today @ $4-45 !!

[silu]

All Time High today @ $4-45 !!

Wonderful. I spent considerable time today looking at a tech company where people are confused or have very mixed views as to where they can actually book profits in the future and here is Serko presenting how they make money and how they can grow their pie in a single slide.

P.S. Serko is now #2 in my portfolio. Not long anymore until it catches up on ATM.

[Balance]

Wonderful. I spent considerable time today looking at a tech company where people are confused or have very mixed views as to where they can actually book profits in the future and here is Serko presenting how they make money and how they can grow their pie in a single slide.

P.S. Serko is now #2 in my portfolio. Not long anymore until it catches up on ATM.

My price target is $8 by end of March 2020.

The story just gets better and better!

[whatsup]

Finished on its ATH $4.47 news must be seeping in !

[sb9]

Looking good to crack $4.50 mark today.

[sb9]

Seems as though there's lag on NZX comparative to ASX last traded price.

[Chanchay]

Seems as though there's lag on NZX comparative to ASX last traded price.

There's sometimes a bit of a spread and they don't always follow exactly. I think it's called arbitrage or something when people trade capitalising on that difference.

[sb9]

https://www.serko.com/

New look and refreshed website, looks pretty cool...

[silu]

https://www.serko.com/

New look and refreshed website, looks pretty cool...

Nice! Basically the same look they had for zeno.com for a while. Looks definitively fresher.

[whatsup]

$4-50 new ATH onward and upward !!

[sb9]

$4-50 new ATH onward and upward !!

Anyone who listened to ASM presentations by CEO and Chairman would understand why there's so much demand for this.

[silu]

Anyone who listened to ASM presentations by CEO and Chairman would understand why there's so much demand for this.

I did and although I own (based on portfolio rules) way too many I continue to feel good as a Serko shareholder. Which is now #2 in my portfolio now :)

[Timesurfer]

I did and although I own (based on portfolio rules) way too many I continue to feel good as a Serko shareholder. Which is now #2 in my portfolio now :)

At this rate it will soon make up 80% of my portfolio - mainly because my other choices are performing less than I had hoped (in fact they won't be worth the paper they are written on if they keep up these stellar returns!). :(

[Leftfield]

At this rate it will soon make up 80% of my portfolio...


I own (based on portfolio rules) way too many I continue to feel good as a Serko shareholder. Which is now #2 in my portfolio now :)

Way to go!

Diversification is over-rated. Remember it's OK to put all your eggs in one basket.... as long as you watch your basket carefully! ;)

[silu]

Way to go!

Diversification is over-rated. Remember it's OK to put all your eggs in one basket.... as long as you watch your basket carefully! ;)

Haha. When I started my portfolio again I had some strict rules. They all went out of the window with some shares going bonkers. ATM 25%. Serko 20%. GNX.ASX 20%. 15 other companies jostle for the rest ;)

[whatsup]

Closing on $4.65 on good volume .

[sb9]

Closing on $4.65 on good volume .

You mean $4.60 right?

[whatsup]

You mean $4.60 right?

Last trade @ $4.65 (3,800 ) at 17.04 !

[sb9]

Last trade @ $4.65 (3,800 ) at 17.04 !

Yeah just saw that off-market trade done after market closed. All good

[Balance]

Yeah just saw that off-market trade done after market closed. All good

$5 looks easy by Christmas

[ziptie]

$5 looks easy by Christmas


$5.00 by next week would be even better :p

[Balance]

$5.00 by next week would be even better :p

Let's not get too carried away - Serko has already put on a stellar return of 66% since 1 Jan!

$5 would make it a return of 78.6% for the year!

Leave the next 100% for 2020, shall we? :)

[silu]

Serko shareholders are a tight lot. None of us wants to sell. Sellers side EMPTY!

[BlackPeter]

Serko shareholders are a tight lot. None of us wants to sell. Sellers side EMPTY!

Maybe just the typical attributes of a low liquidity stock?

Anyway - no matter what people think about SKO, if you look at the SP pattern, than an all time high might not be the right time to buy ... might make sense to wait for the next downwave down to MA100 or so and RSI dropping ...

10748

[silu]

Maybe just the typical attributes of a low liquidity stock?

Anyway - no matter what people think about SKO, if you look at the SP pattern, than an all time high might not be the right time to buy ... might make sense to wait for the next downwave down to MA100 or so and RSI dropping ...

10748

Fair enough. As per last annual report they had 1920 shareholders with the Top 50 holding 86%.

For a laugh the #4 in the sell side wants $20 for their lot.

[Timesurfer]

For a laugh the #4 in the sell side wants $20 for their lot.

For a laugh I might try and buy them

[Balance]

For a laugh I might try and buy them

Sp will get there in due course - not if but when.

Not that many stocks out there with the kind of limitless market potential Serko currently has.

[sb9]

Sp will get there in due course - not if but when.

Not that many stocks out there with the kind of limitless market potential Serko currently has.

True that, imo FY 2020 is catalyst for all that. Depending on what happens over next 9 to 12 months, that will set course for future price traction. Will have to wait and see for it to culminate.

Put all my available funds few weeks back to get another parcel post ASM presentation.

[whatsup]

Is there something about SKO that we should be aware of ?. Weakening S P now for a month after a very good AGM and investment presentation ? Whatsup ?

[Timesurfer]

Seems to be the normal state of affairs. SP drives up when someone wants in and then under low trading creeps back down.

[BlackPeter]

Is there something about SKO that we should be aware of ?. Weakening S P now for a month after a very good AGM and investment presentation ? Whatsup ?

Old investment rule ... never buy after the announcement of good news ;);

Maybe it is just that ...

but obviously - it could be as well that market is reducing the bonus it is prepared to pay for future growth and a good story ... I guess nobody would pay more than $4 for Serko just based on its fundamentals - wouldn't they?

[Leftfield]

Is there something about SKO that we should be aware of ?. Weakening S P now for a month after a very good AGM and investment presentation ? Whatsup ?

From a TA perspective v little to worry about long term. In the short term SP may revert to 90 day MA.

10763


Old investment rule ... never buy after the announcement of good news ;);


Crikey, just as well I've never heard of that rule before.... about the only time I do load up is immediately after good news and it's done me proud!! lol. Each to their own.

[sb9]

Is there something about SKO that we should be aware of ?. Weakening S P now for a month after a very good AGM and investment presentation ? Whatsup ?

If you look at the price in Dec this year, today's price would be a bargain, its all about believing the long term story.

[BlackPeter]

From a TA perspective v little to worry about long term. In the short term SP may revert to 90 day MA.

10763



Crikey, just as well I've never heard of that rule before.... about the only time I do load up is immediately after good news and it's done me proud!! lol. Each to their own.

You get better bargains after the release of bad news ... but obviously only if you are quite certain that they are the last bad news for a while ....

[sb9]

Could well be that someone recycling funds from high P/E stocks into low P/E stocks with yield in play currently.

[Timesurfer]

The SP is getting dangerously close to forcing me to buy more

[Balance]

The SP is getting dangerously close to forcing me to buy more

Let it dip below $4 - always right to buy at $4

[sb9]

Let it dip below $4 - always right to buy at $4

Sure, will be waiting for that opportunity to top up.

[whatsup]

Has the recent weakness anything to do with the collapse of Thomas Cook Travel ??

[Leftfield]

Has the recent weakness anything to do with the collapse of Thomas Cook Travel ??

More to do with Brexit the weakness of the Pound......read more here. (https://edition.cnn.com/uk/live-news/thomas-cook-dle-intl-hnk/index.html)

What effect it has on Serko's bottom line remains to be seen.

[sb9]

More to do with Brexit the weakness of the Pound......read more here. (https://edition.cnn.com/uk/live-news/thomas-cook-dle-intl-hnk/index.html)

What effect it has on Serko's bottom line remains to be seen.

I wouldn't that this will materially have any impact on Serko side of things. Just my take though.

[ziptie]

i think its just the Standard cycle of "impatient" investors getting shirty that it hasn't gone to the moon in 5 minutes.

No skin off my nose, will take another bite

[Leftfield]

More to do with Brexit the weakness of the Pound......read more here. (https://edition.cnn.com/uk/live-news/thomas-cook-dle-intl-hnk/index.html)
What effect it has on Serko's bottom line remains to be seen.

A commentator on RNZ today said another factor in the Thomas Cook failure was "it's failure to adapt to a digital world where people do most of their travel bookings online."

Serko is part of the disruption, so unlikely to be hurt (agree with sb9 here.)

CNN's take on the failure here. (https://edition.cnn.com/2019/09/23/business/thomas-cook-collapse/index.html)

[sb9]

A commentator on RNZ today said another factor in the Thomas Cook failure was "it's failure to adapt to a digital world where people do most of their travel bookings online."

Serko is part of the disruption, so unlikely to be hurt (agree with sb9 here.)

CNN's take on the failure here. (https://edition.cnn.com/2019/09/23/business/thomas-cook-collapse/index.html)

Yes, failure to adopt new way of doing things especially in the digital space would be catastrophic for businesses.

Notwithstanding that, I'm picking $4 price point might come into play today.

[Leftfield]

SKO confirming no exposure to Thomas Cook mess.

https://www.directbroking.co.nz/DirectTrade/dynamic/announcement.aspx?id=5140039

[whatsup]

Has the recent weakness anything to do with the collapse of Thomas Cook Travel ??

Great to have an update so promptly.

[sb9]

Looks as though someone is on accumulation mode, mainly driven out of ASX.

[Balance]

Looks as though someone is on accumulation mode, mainly driven out of ASX.

Always right to buy at $4

[sb9]

Always right to buy at $4

Even better if you can buy under $4...

[Balance]

Even better if you can buy under $4...

Yup.

Serko is a stock which keeps rewarding those who are patient.

[Timesurfer]

Christmas has come early this year. I need to rob the piggy bank again.

[RupertBear]

Christmas has come early this year. I need to rob the piggy bank again.

Had to top up a wee few today myself :cool:

[ziptie]

Top me up scotty!

[sb9]

Yup.

Serko is a stock which keeps rewarding those who are patient.

Sure does, managed to pick a small top up parcel today.

[silu]

Darrin Grafton
@darringrafton
·
BOOM! ZENO now has more customers in its first year since launching than nearly ALL our competitors added together have customers in Australia.

[Schrodinger]

Wh$t doe$ that m$an?

[silu]

Wh$t doe$ that m$an?

That Zeno is a superior product that could easily become the cornerstone of corporate online travel booking. But then I think you kn$w th$t ;)

[Timesurfer]

Chri$tma$ is going to be good this year!
I bought a chunk more last week.

[sb9]

Darrin Grafton
@darringrafton
·
BOOM! ZENO now has more customers in its first year since launching than nearly ALL our competitors added together have customers in Australia.

And not to forget these two upcoming events..

https://pbs.twimg.com/media/EGyLUUjWsAA6ZnS.jpg

https://pbs.twimg.com/media/EGihCt5XYAIni29.jpg:large

[sb9]

Serko announced today that Zeno is now live with end to end NDC booking capability through the Qantas Distribution Platform (QDP), following a successful pilot with launch partner CT Connections.

https://www.serko.com/news/zeno-goes-live-with-ndc-direct-booking-through-the-qantas-distribution-platform (https://www.serko.com/news/zeno-goes-live-with-ndc-direct-booking-through-the-qantas-distribution-platform)

[Timesurfer]

You can never have too many of these ... right?
Hopefully the wife doesn't check the bank account any time soon!

[sb9]

You can never have too many of these ... right?
Hopefully the wife doesn't check the bank account any time soon!

You better get some more funds ready then, someone having real dig today mainly driven out of ASX...

[whatsup]

You better get some more funds ready then, someone having real dig today mainly driven out of ASX...

WTH has happened today down 10% + !!

[Ggcc]

WTH has happened today down 10% + !!
This is a bit weird on no news. Leaky ship?? I am looking at getting into this share, but now I will wait for explanation

[t.rexjr]

This is a bit weird on no news. Leaky ship?? I am looking at getting into this share, but now I will wait for explanation

Tree shake. Pick the bottom...

[t.rexjr]

Thought the tremors had stopped at NZ $3.40 but Aussie is still getting the wobbles... Ruthless!

[Balance]

Ouch! Painful day.

Always right to buy at $4 reset to $3?

[aquaman]

Aussie below $3 now ! WTH

[winner69]

Ouch! Painful day.

Always right to buy at $4 reset to $3?

Just as well Serco isn’t big enough so the professional shorters don’t come after ..like those guys coming out with outrageous reports on CTD and WTC last week

Then we’d see some action

[t.rexjr]

Ouch! Painful day.

Always right to buy at $4 reset to $3?

AU$2.96 across the ditch. Shorters LOVE stop losses!

[t.rexjr]

Trading halted in Aus by the looks

[t.rexjr]

And NZ now too...

[whatsup]

Aust has a pause in trading pending an Announcement, whatsup !

[t.rexjr]

It'll be a please explain query. Now to watch the bounce!

[Ggcc]

It'll be a please explain query. Now to watch the bounce!
Or not when it has been explained all is well. Never had I had an explanation of yeah we have had people who know what is happening and they had loose lips.

[t.rexjr]

Or not when it has been explained all is well. Never had I had an explanation of yeah we have had people who know what is happening and they had loose lips.

Looks like the aussie exchange has thrown up a red flag and paused trading while NZ exchange sat back and waited for the company to request a halt..

[Ggcc]

Looks like the aussie exchange has thrown up a red flag and paused trading while NZ exchange sat back and waited for the company to request a halt..
So they should.... Now how will Serko gloss it up.........

[RupertBear]

Well it cant be good news, so I guess we better prepare for some bad news, but what :confused: gulp :(

[sb9]

Well it cant be good news, so I guess we better prepare for some bad news, but what :confused: gulp :(

Scoured online for any direct/indirect news article that may have any connections with today's price action. Couldn't find anything, let's wait and see what company has to say.

[t.rexjr]

Scoured online for any direct/indirect news article that may have any connections with today's price action. Couldn't find anything, let's wait and see what company has to say.

My bet is there's no news.

Insto's driving the price down triggering stop losses. Pause in trading because of 15% random fluctuation. Announcement comes out saying nothing to see here, we're actually bigger and better than we ever were. SP jumps back up. Mum and Dad take a hit while insto's are laughing...

Ooooor the world is ending and I'm back on the noodles...

[RupertBear]

Scoured online for any direct/indirect news article that may have any connections with today's price action. Couldn't find anything, let's wait and see what company has to say.

yep I had a good look online as well and found nothing to explain todays action. Yes we will just have to wait and see. Its been a good wake up call for me, I had been thinking of getting a few more but now I am thinking I have more than enough. TBH I actually have too many :eek2:

[whatsup]

Is there a leaky boat ?

[silu]

I'd be more worried if the volume had been huge but it was just all trickle it seems. I hope it was just an anomaly and maybe an opportunity to top up.

[sb9]

Is there a leaky boat ?

Highly unlikely, as the price got smashed once ASX was open. My guess is they'll release whatever the announcement may be after market closes.

[Balance]

Is there a leaky boat ?

Well, if there is, there will be hell to pay as Chairman Simon Botherway will be very bothered indeed!

[sb9]

Trading halted in Aus by the looks

Must give credit to ASX for acting proactively on this and halting trading. Whereas NZX as usual fast asleep at the wheel, pathetic really :mad ;:

[Timesurfer]

I'd be more worried if the volume had been huge but it was just all trickle it seems. I hope it was just an anomaly and maybe an opportunity to top up.

I am with you on that one. I did cash in some other bleeding red shares just in case you are right. A rather expensive day!

[caenix]

"Serko is at an advanced stage of finalising a material transaction that includes a proposed capital raising and requests that trading in its securities be halted to ensure an orderly market while the terms of the transaction are finalised."
https://www.asx.com.au/asxpdf/20191023/pdf/449sjrfgcfdrsj.pdf

[Timesurfer]

So it wasn't because they are housed in a corner of the event centre bonfire then ... I better rob the kids money boxes in preparation.

[sb9]

Is there a leaky boat ?

Hmm...does look like leaky ship...

Announcement out on ASX...

"Serko is at an advanced stage of finalising a material transaction that includes capital raising and request that trading in its securities to be halted to ensure an orderly market while the terms of the transaction are finalised"

[t.rexjr]

Hmm...does look like leaky ship...

Announcement out on ASX...

"Serko is at an advanced stage of finalising a material transaction that includes capital raising and request that trading in its securities to be halted to ensure an orderly market while the terms of the transaction are finalised"

Unless the cap was at a substantial discount, a purchase should have the opposite affect. Would explain the drive down over the last month with insto's wanting to lower the VWAP

[Balance]

"Serko is at an advanced stage of finalising a material transaction that includes a proposed capital raising and requests that trading in its securities be halted to ensure an orderly market while the terms of the transaction are finalised."
https://www.asx.com.au/asxpdf/20191023/pdf/449sjrfgcfdrsj.pdf

If this was sent to ASX this morning, then the leak would have come from ASX.

Otherwise, it would be one of the institutions who was approached to participate in the under-writing of the capital raising.

In any case, I am very relaxed now.

[whatsup]

If this was sent to ASX this morning, then the leak would have come from ASX.

Otherwise, it would be one of the institutions who was approached to participate in the under-writing of the capital raising.

In any case, I am very relaxed now.

SKO will resume trading at the start of trading Friday, will that be on the dominate exchange of N Z at 10.00 N Z time or the half breed Aust exchange at 12.00 N Z time ?

[Balance]

SKO will resume trading at the start of trading Friday, will that be on the dominate exchange of N Z at 10.00 N Z time or the half breed Aust exchange at 12.00 N Z time ?

NZ time - per the NZX trading halt announcement/request which left out the second part of the request from Serko for the halt.

Interesting to note that the ASX included the reason (material transaction - likely acquisition requiring a capital raise) for the trading halt but for whatever dubious reason, the NZX left the reason out. Hopeless.

[silu]

Isn't this positive? I can't explain the share price action of late incl today.

[Balance]

Isn't this positive? I can't explain the share price action of late incl today.

Sell the rumor, buy the fact?

I am happy to back the directors and management of Serko - especially when the directors shareholders have put their own funds in with capital raisings to back their judgement.

[whatsup]

So at what sort of deal will there be here, a SPP or a cash issue and at what sort of deal depending on how much is wanted ?

SPP up to $5,000 at $3.30.

1 for 10 @ $3.30 ?

or whatever ?

[Leftfield]

Crikey, nearly choked on my evening chardonnay when I saw today's 11% SP drop.

After the initial shock I'm with Balance on this... "I am happy to back the directors and management of Serko - especially when the directors shareholders have put their own funds in with capital raisings to back their judgement."

This management team have a vision and are moving rapidly to put it in place. Roll on Friday when all will be revealed.

[whatsup]

So at what sort of deal will there be here, a SPP or a cash issue and at what sort of deal depending on how much is wanted ?

SPP up to $5,000 at $3.30.

1 for 10 @ $3.30 ?

or whatever ?


1/25 @ $3.30 would give SKO approx. $10 mil .

[Balance]

1/25 @ $3.30 would give SKO approx. $10 mil .

A pro-rata rights issue would be the most appropriate and fair way to raise the capital - given how the sp has dropped on the back of ‘leaks’.

[winner69]

Suppose one has to keep the faith in Serko after the announcements this morning

New cornerstone shareholding in Bookings, Director and management sell down ......big end of town gets first dibs at cheap share while small retail investors get the crumbs and dilution.

[Leftfield]

Details of the capital raise and results issued on NZX today

Results summary. Preliminary half yr FY20 results. (https://www.nzx.com/announcements/343121)

Highlights for the six-month period are as follows:
• Total Operating Revenue2 for the period ended 30 September 2019 at $14.7 million increased by 29% over the same period last year of $11.4 million. This is in line with revenue guidance of an increase of 20%-40% for the full year.
• Total Recurring Revenue2 was $13.3 million, an increase of 38% over the same period last year and represented 91% of Operating Revenue.
• Total Income2 from all sources, including grants, was $15.2 million increased 29% from $11.8 million for the same period last year.
• Net profit before tax (NPBT) for the period was a loss of $0.8 million. Prior period was a profit of $1 million.
• EBITDAF3 for the period was $1.4 million. Prior period was $1.5 million.

Cap raise Booking Com details here.... (https://www.nzx.com/announcements/343120)

Onwards and upwards..

[trader_jackson]

Suppose one has to keep the faith in Serko after the announcements this morning

New cornerstone shareholding in Bookings, Director and management sell down ......big end of town gets first dibs at cheap share while small retail investors get the crumbs and heavy dilution.

And profit turned into a loss... will be interesting to see how the share price holds up

[winner69]

And profit turned into a loss... will be interesting to see how the share price holds up

Punters will love these moves .....share price $5 plus by Xmas

[Balance]

If this was sent to ASX this morning, then the leak would have come from ASX.

Otherwise, it would be one of the institutions who was approached to participate in the under-writing of the capital raising.

In any case, I am very relaxed now.

Even more relaxed now we have details of the transaction.

Great to have Booking Holdings on board as a shareholder and partner - NZ$135 billion entity whose sp was US$18 in 2001 and is now US$2,032!

Placement price underwritten at $4.04 so will be a huge move from the battered sp today - forwards and upwards today indeed!

[silu]

Even more relaxed now we have details of the transaction.

Great to have Booking Holdings on board as a shareholder and partner - NZ$135 billion entity whose sp was US$18 in 2001 and is now US$2,032!

Placement price underwritten at $4.04 so will be a huge move from the battered sp today - forwards and upwards today indeed!

I see this mostly as a positive too so I'm still not sure about the share price action. Did someone hear "Directors selling down" or "capital raise coming" and sold in naked fear? We should be back over $4 in no time imo.

[Leftfield]

More about Booking.com

Established in 1996 in Amsterdam, Booking.com has grown from a small Dutch startup to one of the largest travel e-commerce companies in the world. Part of Booking Holdings Inc. (NASDAQ: BKNG), Booking.com now employs more than 17,000 employees in 198 offices, in 70 countries worldwide.

With a mission to make it easier for everyone to experience the world, Booking.com invests in digital technology that helps take the friction out of travel. At Booking.com, we connect travellers with the world’s largest selection of incredible places to stay, including everything from apartments, vacation homes, and family-run B&Bs to 5-star luxury resorts, tree houses and even igloos. The Booking.com website and mobile apps are available in over 40 languages, offer 28,909,693 total reported listings, and cover 154,195 destinations in 228 countries and territories worldwide.

[Balance]

I see this mostly as a positive too so I'm still not sure about the share price action. Did someone hear "Directors selling down" or "capital raise coming" and sold in naked fear? We should be back over $4 in no time imo.

Naked fear is an apt description!

I think it also shows that there are still many speculative traders and hanger-ons in Serko who are easily spooked by sp movements, rather than what's happening with the strategic steps being taken by Serko to become a billion dollar entity.

As the placement is underwritten by Deutsche Craigs Limited and the shares will be placed with institutional and other select investors in New Zealand, Australia, Hong Kong, United Kingdom and Singapore, I think we will see the new investors mop up the jumpy and nervous speculative traders and hanger-ons, leading to a more sustained upwards sp trajectory.