Nice! Basically the same look they had for zeno.com for a while. Looks definitively fresher.
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$4-50 new ATH onward and upward !!
Closing on $4.65 on good volume .
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 ...
Attachment 10748
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.
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 ?
Seems to be the normal state of affairs. SP drives up when someone wants in and then under low trading creeps back down.
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 $4 for Serko just based on its fundamentals - wouldn't they?
From a TA perspective v little to worry about long term. In the short term SP may revert to 90 day MA.
Attachment 10763
Crikey, just as well I've never heard of that rule before.... about the only time I do load up is immediately after good news and it's done me proud!! lol. Each to their own.
Could well be that someone recycling funds from high P/E stocks into low P/E stocks with yield in play currently.
The SP is getting dangerously close to forcing me to buy more
Has the recent weakness anything to do with the collapse of Thomas Cook Travel ??
More to do with Brexit the weakness of the Pound......read more here.
What effect it has on Serko's bottom line remains to be seen.
i think its just the Standard cycle of "impatient" investors getting shirty that it hasn't gone to the moon in 5 minutes.
No skin off my nose, will take another bite
A commentator on RNZ today said another factor in the Thomas Cook failure was "it's failure to adapt to a digital world where people do most of their travel bookings online."
Serko is part of the disruption, so unlikely to be hurt (agree with sb9 here.)
CNN's take on the failure here.
SKO confirming no exposure to Thomas Cook mess.
https://www.directbroking.co.nz/Dire...spx?id=5140039
Looks as though someone is on accumulation mode, mainly driven out of ASX.
Christmas has come early this year. I need to rob the piggy bank again.
Top me up scotty!
Darrin Grafton
@darringrafton
·
BOOM! ZENO now has more customers in its first year since launching than nearly ALL our competitors added together have customers in Australia.
Wh$t doe$ that m$an?
Chri$tma$ is going to be good this year!
I bought a chunk more last week.
And not to forget these two upcoming events..
https://pbs.twimg.com/media/EGyLUUjWsAA6ZnS.jpg
https://pbs.twimg.com/media/EGihCt5XYAIni29.jpg:large
You can never have too many of these ... right?
Hopefully the wife doesn't check the bank account any time soon!
Thought the tremors had stopped at NZ $3.40 but Aussie is still getting the wobbles... Ruthless!
Ouch! Painful day.
Always right to buy at $4 reset to $3?
Aussie below $3 now ! WTH
Trading halted in Aus by the looks
And NZ now too...
Aust has a pause in trading pending an Announcement, whatsup !
It'll be a please explain query. Now to watch the bounce!
Well it cant be good news, so I guess we better prepare for some bad news, but what :confused: gulp :(
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...
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:
Is there a leaky boat ?
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.
"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/201910...jrfgcfdrsj.pdf
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.
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"
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.
Isn't this positive? I can't explain the share price action of late incl today.
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 ?
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.
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.
Details of the capital raise and results issued on NZX today
Results summary. Preliminary half yr FY20 results.
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....
Onwards and upwards..
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!
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.
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.