In a drought, good farmers with excellent farms do not panic and shoot all their animals and stop planting crops.
Many actually take the opportunity to expand their farms by buying up neighbouring farms!
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Most would be in the same boat - there’s simply not much business in the travel & accommodation industry. And will not be for a while. Difference is that Serko is superbly cashed up and well positioned to recover post lockdown globally.
Have a look at Webjet - having to go cap in hand to raise capital at ever lower price because it got caught with a stretched balance sheet.
https://www.ig.com/en/news-and-trade...million-200402
Well I guess there is the debate over what is fair value. Currently double the value it was a week ago but one third the value it was a few months ago.
I guess my point was that if you are looking to invest at the moment the travel industry is definitely a mid to long term investment before we will see "business as usual" or any real revenue flowing. Would you rush into that or would you look to invest in say the construction industry that should rebound reasonably quick with Governments throwing billions at to stimulate recovery.
However, as stated, my net worth is heavily invested in this industry so the sooner it gets back to $6 the happier I will be.
106 buyers @ $2.52 nothing peculiar about that.
Regret missing this trade so I’m probably bitter but wtf ? Lol
Good ole institutional algos picking this up like crazy probably got greedy on the idea of making baggers from $1
Hard to time eh
what is happening this morning??
Someone appears to be consistently buying up SKO.
No depth on the buy side but the price has been quietly propped up with reasonable trades going through (with the occasional buying frenzy).