SKO - Serko.com

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Originally Posted by t.rexjr

There were none for a moment. Never seen that! Someones laid some down now for $1.50 haha

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Traders have had a field day with this stock up to now - buying low and selling out when the sp went higher on positive announcements in the last 2 years.

Suspect it will behave more like Diligent from now on - the loose stock had been and will continue to be picked up by longer term players, including industry players.

https://www.youtube.com/watch?v=y6Sxv-sUYtM

Stocked closed at 90c yesterday - buyers keen to accumulate stock and sellers backing off as any stock they placed on market were taken out.

http://www.businesstravelnews.com/Di...-Hotel-Content

The above is a very significant deal and imo, places Serko squarely on the acquisition radar of travel site players like Webjet and other players.

Only $67m market capitalisation with a head of steam of annuity income building up.

$1.05 - 262% increase since 31 March!

Looking more and more like Diligent everyday.

Almost back to IPO price so could meet resistance at this level but institutions without exposure could very well take the opportunity to buy stock.

I bought most of mine at IPO and at the CR at 76c but with a little averaging down this year showing now a nice 100% profit. Glad I didn't sell this when I had to scrape together money for a house deposit.

LOL sell side EMPTY!

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Originally Posted by silu

LOL sell side EMPTY!

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Back to IPO price.

If it holds at above $1.10, expect this to see $2.00 before end of year - Diligent all over again.

https://www.nbr.co.nz/article/serko-...-high-b-208716

Timely reminder that it is still a high risk stock and not for the faint-hearted.

Just as Diligent was not for the faint-hearted.

U S appointment, another building block in place?

Looking better today on a otherwise down day .

Just hit an all-time high of $1.20. HY result announcement next Wednesday the 22nd.

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Originally Posted by silu

Just hit an all-time high of $1.20. HY result announcement next Wednesday the 22nd.

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$1.29 and with the interim ann due this Weds something is leaking out re that imo ! big push now on into the U S , what else ?

Whoosh!....

356% return YTD

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Originally Posted by Balance

356% return YTD

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Wish I'd bought them at the start of YTD !

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Originally Posted by Balance

356% return YTD

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Very happy having almost picked the bottom this year to average down. Now after 3 years I'm sitting on a really nice profit.

The "danger" is of course that as usual a NZ tech company gets bought out the moment it gains some traction.

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Originally Posted by Balance

356% return YTD

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Bal yeh but did u buy ?

Insider trading much? This exchange is run like a mafia operation. NZ markets are a joke.

"$1.29 and with the interim ann due this Weds something is leaking out re that imo ! big push now on into the U S , what else ?"

Good observation, someone inside knows something ...

They have kept the market pretty much informed and even when they updated the market in October you could pick up shares below 80c.
I think they're finally fulfilling on their promise and the market was tone deaf for quite some time. These are the little nuggets of value I look for.

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Originally Posted by silu

They have kept the market pretty much informed and even when they updated the market in October you could pick up shares below 80c.
I think they're finally fulfilling on their promise and the market was tone deaf for quite some time. These are the little nuggets of value I look for.

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Very very very satisfying, isn't it Silu?

Meanwhile, we have posters spending their time running around in circles while in total denial over stocks like PEB (15,954 postings vs 217 for Serko), Bliss (5,521 postings), Plexxxure (2,250 postings) etc etc.

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Originally Posted by Balance

Very very very satisfying, isn't it Silu?

Meanwhile, we have posters spending their time running around in circles while in total denial over stocks like PEB (15,954 postings vs 217 for Serko), Bliss (5,521 postings), Plexxxure (2,250 postings) etc etc.

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Very satisfying. Especially as I've learned from the many mistakes I made in my younger years.

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Originally Posted by silu

Very satisfying. Especially as I've learned from the many mistakes I made in my younger years.

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Alas, we all make those mistakes!

Important thing is that we learn from them - not hide from the hard facts and realities.

408% gain YTD!

https://thewallstreetreview.com/a-de...ares-sko-nz-2/

"Currently, the 14-day ADX for Serko Limited Ordinary Shares (SKO.NZ) is sitting at 44.71. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend."

Getting the right sort of attention.

SERKO INTERIM RESULTS ANNOUNCEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2017

Serko achieves maiden profit and cash flow positive for the period, Revenue
growth of 30%, Annualised Transactional Monthly Revenue increases to $17.8
million, Six monthly profit before tax of $1.2 million compared to a loss of
($2.0) million last year

Highlights from the unaudited six-month period include:
o Total Operating Revenue for the period ended 30 September 2017 at
$9.1 million is up 30% over the previous corresponding six-month period of
$7.0 million.
o Serko Online transaction volumes increased by 21% over the same
period last year.
o ATMR reached a peak of $17.8 million during the period.
o Total Income from all sources including grants was $9.6 million for
the period.
o Net profit before tax for the period was $1.2 million (a $3.2 million
turnaround over the previous corresponding period loss of $2.0 million).
o EBITDA profit for the period was $1.3 million (a $3.1 million
turnaround over the previous corresponding period loss of $1.8 million).
o Cash on hand as at 30 September 2017 was $4.6m, up from $4.5m at 31
March 2017.
o Serko expects full-year operating revenue of $18 million - $19
million.
o Full-year EBITDA of $1.3 million is expected, due to an anticipated
break-even performance in the second half as a result of seasonal effects and
the pursuit of expansion opportunities.

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Originally Posted by silu

SERKO INTERIM RESULTS ANNOUNCEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2017

Serko achieves maiden profit and cash flow positive for the period, Revenue
growth of 30%, Annualised Transactional Monthly Revenue increases to $17.8
million, Six monthly profit before tax of $1.2 million compared to a loss of
($2.0) million last year

Highlights from the unaudited six-month period include:
o Total Operating Revenue for the period ended 30 September 2017 at
$9.1 million is up 30% over the previous corresponding six-month period of
$7.0 million.
o Serko Online transaction volumes increased by 21% over the same
period last year.
o ATMR reached a peak of $17.8 million during the period.
o Total Income from all sources including grants was $9.6 million for
the period.
o Net profit before tax for the period was $1.2 million (a $3.2 million
turnaround over the previous corresponding period loss of $2.0 million).
o EBITDA profit for the period was $1.3 million (a $3.1 million
turnaround over the previous corresponding period loss of $1.8 million).
o Cash on hand as at 30 September 2017 was $4.6m, up from $4.5m at 31
March 2017.
o Serko expects full-year operating revenue of $18 million - $19
million.
o Full-year EBITDA of $1.3 million is expected, due to an anticipated
break-even performance in the second half as a result of seasonal effects and
the pursuit of expansion opportunities.

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Great turn around, VERY NICE !

$1.47 today , all time high, rerating under way , well done on a good strong result.

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Originally Posted by whatsup

$1.47 today , all time high, rerating under way , well done on a good strong result.

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Happily sitting here and enjoying the ride.

Looking more and more Diligent each day.

Loving it!

It has now overtaken SUM and HBL to No 2 of my biggest holdings on the NZX. Still quite a distance to ATM though.

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Originally Posted by Balance

356% return YTD

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Well done to all holders!!

There were some decent sized parcels traded last week and also today. Will be interesting to see who has bought (and sold) at the top trading range. Seems like a good vote of confidence into their future.

Very interesting see if it can get through $ 1.50 today,

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Originally Posted by whatsup

Very interesting see if it can get through $ 1.50 today,

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Well blow me down $1.50 gone !!

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Originally Posted by whatsup

Well blow me down $1.50 gone !!

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Looking very DILIGENT(ly) indeed!

I LOVE it!

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Originally Posted by whatsup

Very interesting see if it can get through $ 1.50 today,

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Onward & upward , up 13% + today, next stop $ 2.00 !! yeh right ( sometime this week ? )

Turnover
$1,188,740
1:45:25 PM	162	50,000	$81,000	Off market
1:14:25 PM	160	5,000	$8,000	Off market
12:16:25 PM	155	20,000	$31,000	Off market
12:16:12 PM	155	180,000	$279,000	Off market
10:14:28 AM	147	250,000	$367,500	Off market
10:01:05 AM	147	150,000	$220,500	Off market
			$987,000

Definitely institutional interest today, must have spent the weekend reading up the results

On Friday there was an off market trade for 1,919,853 shares @ $1.45 = $2,783.786.

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Originally Posted by moka

On Friday there was an off market trade for 1,919,853 shares @ $1.45 = $2,783.786.

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Way way to much off market trading in many stocks ? Are we getting a proper market ? Ive been uneasy/concerned about this for quite a while, interesting to see Brian Gaynor has similar concerns.

http://www.nzherald.co.nz/business/n...ectid=11945219
PS Over the moon with Serko....wished I had more. Always so easy in hindsight, isn't it.

Pleased to advise that I joined the SKO club last week at 1.40 after watching it rise from 80c and encouraged by the last financial report. Nice to see my holding is the green already, thanks to Balance and the others for the steer. I hope my holding doesn't jinx us!!

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Originally Posted by moka

On Friday there was an off market trade for 1,919,853 shares @ $1.45 = $2,783.786.

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Harbour Asset Management Limited - relevant interest in 4,611,356 (6.157%) SKO shares.
From 21 August 2017 to 24 November 2017 Harbour Asset Management Limited purchased
2,230,404 SKO shares as part of normal on market trading for a total consideration $3,162,077.88.

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Originally Posted by whatsup

Onward & upward , up 13% + today, next stop $ 2.00 !! yeh right ( sometime this week ? )

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$1.71 so it's on its way.

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Originally Posted by Left field

Pleased to advise that I joined the SKO club last week at 1.40 after watching it rise from 80c and encouraged by the last financial report. Nice to see my holding is the green already, thanks to Balance and the others for the steer. I hope my holding doesn't jinx us!!

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Enjoy the ride LF.

We all learn something new hopefully everyday and for me, it is to ignore the sp and follow the story closely, and remind to self - Never Never buy on the way down.

Missed the train.. would it be too late to get in?

An interesting development.

https://www.nzx.com/announcements/311088

“Establishment of NED Fixed Trading Plan
At Serko Limited’s (NZX:SKO) recent Annual Meeting held on 23 August 2017 (refer to Annual Meeting speech released to NZX on 23 August 2017), the Chairman indicated to shareholders that that the Board intended to introduce a policy requiring non-executive directors to invest a portion of their annual directors’ fees in Serko shares. The Board confirms that it has now established a Fixed Trading Plan (Plan) in accordance with section 260 of the Financial Markets Conduct Act 2013.

Serko Chairman, Mr Botherway said: “The Board believes that entry into this Plan better aligns each non-executive director’s interests with those of the shareholders of the Company and demonstrates non-executive directors’ support of Serko’s long-term strategy”.

Under the terms of the Plan, non-executive directors have agreed to invest varying annual amounts, totalling approximately 45% of total non-executive director fees per annum in Serko shares, over a fixed term of three-years (Term). An independent broker will automatically apply the designated fees to the monthly acquisition of shares on-market during the Term.”

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Originally Posted by misterx

Missed the train.. would it be too late to get in?

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No, it wasn't. Sorry about the delayed response.

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Originally Posted by Tom P-S

No, it wasn't. Sorry about the delayed response.

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The beauty with a stock like Serko (along with companies like Xero, ATM and CVT) is that it truly operates in the international arena.

With the right strategy, platform and good management, Serko's growth potential is unlimited.

Track record is good and executives and directors show confidence in putting money and new money into the company, the last injection being $1m at above market price in Dec 2015.

This is the kind of company worth considering and backing.

Hit $2.00 on closing today ( and the hint of more to come ) ALL TIME HIGH, one of the better rises of shares in 2017 !!

At the beginning of 2017 not in my wildest dreams would I have thought that SKO would be my best trade of the year. Go you good thing!!

Top performing stock of 2017!

Up 601% YTD!

Wonder if any broker picked this in their annual list of stockpicks.

I have 20 bucks in my wallet and I could invite all the sellers of SKO stock for a coffee.

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Originally Posted by silu

I have 20 bucks in my wallet and I could invite all the sellers of SKO stock for a coffee.

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Looking at it now and you would have enough left to shout them cheese scones as well.

Watch Serko really soar further in 2018. No NZ fund manager can now ignore the stock.

Up another 5% already today and no sellers b4 $2.65 !!

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Originally Posted by whatsup

Up another 5% already today and no sellers b4 $2.65 !!

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Glad I am a happy holder and on holiday to watch:)

Good to see Serko is finally getting some coverage.

Serko shares soar 659 per cent in 2017, topping charts on NZ stock market
http://www.nzherald.co.nz/business/n...ectid=11967237

Most satisfying to own a stock which is not only the top performing in 2017 but which has not been picked by one single broker or poster?

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Originally Posted by Balance

Most satisfying to own a stock which is not only the top performing in 2017 but which has not been picked by one single broker or poster?

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Indeed but ATM is still my most satisfying stock of the year. And hope that I don't find you so close to me on the bottom comes the end of the next stocks' pick competition :cool:

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Originally Posted by misterx

Missed the train.. would it be too late to get in?

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I also missed this train .... did you decide to jump aboard misterx? Thinking I might nibble a wee few in the NY :confused:

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Originally Posted by RupertBear

I also missed this train .... did you decide to jump aboard misterx? Thinking I might nibble a wee few in the NY :confused:

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Lots of trains to miss but no worries ,just as long as you stack heaps of carriages on the ones you have, forget about boarding lots of trains that only have a couple of carriages, think long freight trains instead.

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Originally Posted by couta1

Lots of trains to miss but no worries ,just as long as you stack heaps of carriages on the ones you have, forget about boarding lots of trains that only have a couple of carriages, think long freight trains instead.

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Cheers Couta yep I need to work on the old FOMO as well as learning some impulse control next year! Happy New Year mate and thanks for all your words of wisdom this year :)

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Originally Posted by couta1

Lots of trains to miss but no worries ,just as long as you stack heaps of carriages on the ones you have, forget about boarding lots of trains that only have a couple of carriages, think long freight trains instead.

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I haven't taken any notice of this company at all in the past but after the meteoric SP rise in 2017 I did some reading over the holiday period and checked out their web site too. Looks pretty interesting to me and as Balance indicated in an earlier post the business does feel a little "Diligenty". That company did me no harm at all so I placed an order yesterday and nipped in first thing today at 221 - all good so far with the SP at 230.

Almost 100k shares traded today though might just be propped up by holiday traders like me so not counting any chickens yet.

I find the holiday period a good time to pick up stocks I am interested in before the instos start investing after they have reviewed the year before and make their strategic stock selections.

One thing for sure with Serko - many an institution will not want to miss out on a run like 2017 again!

My latest posts about Serko have all been positive and I don't want to appear to be a cheerleader for them but I still think there is quite some room to move in the SP. My own back of the envelope calculations bring a value of over $3 but as always dyor.

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Originally Posted by silu

My latest posts about Serko have all been positive and I don't want to appear to be a cheerleader for them but I still think there is quite some room to move in the SP. My own back of the envelope calculations bring a value of over $3 but as always dyor.

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Looks like some share your sentiments. Great start to the day / year.

Nothing wrong with being a cheerleader for a stock you have and you believe in.

Everything wrong with being a trader and using any forum to ramp and to suck others in or out.

Already a stellar performer 3 trading days into 2018.

And more upside yet as the institutions still not in Serko will be reviewing their stock picks when they are back at work from next week.

The ole investing adage of ‘Let your profits run and cut your losses’ - as true today as it ever was.

FOMO made me put my paw up for some this morning. TA looks lovely too, fundamental's who cares lol . My new years punt. Stuck another paw up for some Eroad..so making that a bob or three each way. Reckon one of those two horses should be a winner this year, might even get a quinella if I'm lucky....and if all else fails PPH probably double anyway and bail me out of the doggy doo.

Probably just gross recklessness and the silly hound is drunk on excess profits from 2017...should do something sensible with it and go waste it on a new car rather than punt on silly tech companies with no real fundamental's...but HOPE is a strategy right ? so you never know I might get lucky again.

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Originally Posted by Beagle

FOMO made me put my paw up for some this morning. TA looks lovely too, fundamental's who cares lol . My new years punt. Stuck another paw up for some Eroad..so making that a bob or three each way. Reckon one of those two horses should be a winner this year, might even get a quinella if I'm lucky.

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FOMO got the best of me yesterday Mr Beagle and I nibbled a few at $2.40 :D i now have one eye on Eroad and the other eye on RBD ...hmmm :confused:

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Originally Posted by Beagle

FOMO made me put my paw up for some this morning. TA looks lovely too, fundamental's who cares lol . My new years punt. Stuck another paw up for some Eroad..so making that a bob or three each way. Reckon one of those two horses should be a winner this year, might even get a quinella if I'm lucky....and if all else fails PPH probably double anyway and bail me out of the doggy doo.

Probably just gross recklessness and the silly hound is drunk on excess profits from 2017...should do something sensible with it and go waste it on a new car rather than punt on silly tech companies with no real fundamental's...but HOPE is a strategy right ? so you never know I might get lucky again.

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Don't go spreading yourself too thin Mr Beagle, remember and repeat to yourself, go big or go home.

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Originally Posted by couta1

Don't go spreading yourself too thin Mr Beagle, remember and repeat to yourself, go big or go home.

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No worries mate, after Christmas eating there's plenty of Beagle to go around, tummy even bigger than my portfolio lol
All joking aside, in my opinion there's no harm in having some international exposure. I'm presently looking / researching emerging markets, European and Asia managed funds and ETF's. A lot of experts I've been listening too on CNBC believe that generally the Emerging markets are at a much earlier stage of the bull cycle than developed markets. TEM looks good trading at a ~ 10% discount to NTA.

Learnt the hard way over the decades never to invest in any stock I have no understanding of or have underlying confidence in the fundamentals. Ok if one is trading in and out - then, TA can be used rather than fundamentals.

Serko fundamentals are sound to me and the directors and management certainly put more abs more of their own money at risk - always a good sign.

As for upside, the global nature of the company’s operations mean there’s huge upside ahead provided they keep ahead of the curve.

So far, so good.

Great start to the year for Serko. With their expansion into international markets, and all their growing revenue streams, there is a lot of potential growth going forward. As they continue to onboard customers they also increase their content bookings, so there should be real acceleration of revenue going forward.

I just hope they don't get acquired too early, they must be on the radar of some companies, especially as they already dominate the Australasian market.

This stock has performed very well recently and I rode a portion of that myself. They seem to have turned the business around and show promise and have the usual great potential of a good technology company. However, I am having difficulty understanding how Serko is very different from Concur. https://www.concur.com/ , which seems to me to be the Intuit of this market. I would appreciate hearing the view of those with better understanding of the business, than mine. Thanks in advance.

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Originally Posted by Beagle

FOMO made me put my paw up for some this morning. TA looks lovely too, fundamental's who cares lol . My new years punt. Stuck another paw up for some Eroad..so making that a bob or three each way. Reckon one of those two horses should be a winner this year, might even get a quinella if I'm lucky....and if all else fails PPH probably double anyway and bail me out of the doggy doo.

Probably just gross recklessness and the silly hound is drunk on excess profits from 2017...should do something sensible with it and go waste it on a new car rather than punt on silly tech companies with no real fundamental's...but HOPE is a strategy right ? so you never know I might get lucky again.

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Think our timing sucked with this one Mr Beagle :mellow: I am well underwater today :(

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Originally Posted by RupertBear

Think our timing sucked with this one Mr Beagle :mellow: I am well underwater today :(

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The ultimate challenge, trying to time a perfect entry point, the point where the SP NEVER drops below your buy in price. PS-I reckon this one run ahead of itself anyways.

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Originally Posted by couta1

The ultimate challenge, trying to time a perfect entry point, the point where the SP NEVER drops below your buy in price. PS-I reckon this one run ahead of itself anyways.

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Forecast ebitda 1.3M$ March 2018 . Market cap $162M . Yes I agree it has run ahead of itself.I think Plexure would be a better punt.

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Originally Posted by Brain

Forecast ebitda 1.3M$ March 2018 . Market cap $162M . Yes I agree it has run ahead of itself.I think Plexure would be a better punt.

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Disagree.

If you like Plexure, you should like Snakk even more. :D

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Originally Posted by RupertBear

Think our timing sucked with this one Mr Beagle :mellow: I am well underwater today :(

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This one making real money unlike some other more speculative investments.
http://www.serko.com/news-blog/serko...f-year-period/

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Originally Posted by Balance

Disagree.

If you like Plexure, you should like Snakk even more. :D

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Two different animals. I never understood what Snakk actually did apart from possibly being an advertising agency and also the Handly factor is a distinct negative.

Plexure have disappointed the punters in the past but a new CEO and with the cash burn ending the optimist in me tells me it will be different this time.

I probably should have emphasised the word punt. At this stage of the game both Plexure and Serko are exactly that and any money on these is money a punter should afford to lose.

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Originally Posted by Brain

Two different animals. I never understood what Snakk actually did apart from possibly being an advertising agency and also the Handly factor is a distinct negative.

Plexure have disappointed the punters in the past but a new CEO and with the cash burn ending the optimist in me tells me it will be different this time.

I probably should have emphasised the word punt. At this stage of the game both Plexure and Serko are exactly that and any money on these is money a punter should afford to lose.

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Serko and Plexure are at totally different end of the investment spectrum!

Plexure is a backdoor job with minimal disclosures and with money already made by the promoters and original shareholders selling out as fast as they can.

No need to assess any further.

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Originally Posted by Thor

Great start to the year for Serko. With their expansion into international markets, and all their growing revenue streams, there is a lot of potential growth going forward. As they continue to onboard customers they also increase their content bookings, so there should be real acceleration of revenue going forward.

I just hope they don't get acquired too early, they must be on the radar of some companies, especially as they already dominate the Australasian market.

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Well that was a brutal 48 hours! :scared: Gulp

I see this stock still overvalued. I may look at when the price comes closer to $1.50

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Originally Posted by Ggcc

I see this stock still overvalued. I may look at when the price comes closer to $1.50

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Over valued :( Where were you when it was under 40 cents :cool:

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Originally Posted by RupertBear

Well that was a brutal 48 hours! :scared: Gulp

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Brutal week unless 100% of your portfolio is in the likes of HLG, the only stock that's kept my overall portfolio in the blue.

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Originally Posted by Brain

Two different animals. I never understood what Snakk actually did apart from possibly being an advertising agency and also the Handly factor is a distinct negative.

Plexure have disappointed the punters in the past but a new CEO and with the cash burn ending the optimist in me tells me it will be different this time.

I probably should have emphasised the word punt. At this stage of the game both Plexure and Serko are exactly that and any money on these is money a punter should afford to lose.

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Very low variable costs that come with new revenue, stagnant fixed costs and all that revenue growth... this is looking like a 30-40% EBITDA margin business in the making.

Their margins, a 25-35% revenue growth trajectory and cashflow is something we all should want to be a part of.

Conservative estimates have them packing 3-5m EBITDA on the back of a 6-9m increase in sales in FY19.

The absurdness of insanely high ratios dissipates very quickly with rapidly growing revenues surpassing a fixed cost base.

Serko is not a punt.

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Originally Posted by RGR367

Over valued :( Where were you when it was under 40 cents :cool:

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Never knew this share existed until everyone else noticed it. Plus no more new kiwi tech companies on my radar

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Originally Posted by hardt

Very low variable costs that come with new revenue, stagnant fixed costs and all that revenue growth... this is looking like a 30-40% EBITDA margin business in the making.

Their margins, a 25-35% revenue growth trajectory and cashflow is something we all should want to be a part of.

Conservative estimates have them packing 3-5m EBITDA on the back of a 6-9m increase in sales in FY19.

The absurdness of insanely high ratios dissipates very quickly with rapidly growing revenues surpassing a fixed cost base.

Serko is not a punt.

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Clearly from what you have written above this one is an absolute certainty. A mortgage on the house should be the only course of action.

Can I suggest if one looks one will find :)

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Originally Posted by hardt

Very low variable costs that come with new revenue, stagnant fixed costs and all that revenue growth... this is looking like a 30-40% EBITDA margin business in the making.

Their margins, a 25-35% revenue growth trajectory and cashflow is something we all should want to be a part of.

Conservative estimates have them packing 3-5m EBITDA on the back of a 6-9m increase in sales in FY19.

The absurdness of insanely high ratios dissipates very quickly with rapidly growing revenues surpassing a fixed cost base.

Serko is not a punt.

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Good summary, hardt.

Anyone who has followed and invested in Diligent (and made huge gains) know that there are many similarities between the two companies - especially pertaining to building up recurring annuity income streams from a global base.

I will put my money anytime with management who put their own money and funds behind the growth of a business (as in Serko).

And anyone who followed Diligent will know that a stock like Serko will be volatile.

Heck, I have witnessed this stock:

- in the first year of listing listed below issue price ($1.10), dipped to 90c as flippers/punters bailed out, rose twice briefly above the issue price only to be quickly sold down by presumably relieved initial IPO shareholders,

- in the next two years, getting sold down to 28c even as the directors and institutions reaffirmed their confidence and pumped in more capital at 80c,

https://stocknessmonster.com/announc...ko.nzx-275430/

(Contrast that with all the backdoor jobs like Snakk, SeaDragon, Plexure etc where the promoters and original shareholders cannot sell out fast enough. If the business is any good, why would they sell out in such haste at every opportunity?)

- then staged the most spectacular gain on the NZX in 2017.

And yes, I know one investor who bought 300,000 shares all the way from 37c to 75c who recently sold out. Anyone with access to the share register can check that out.

And yes, good on her!

A stock like Serko is definitely not for the faint of heart and for those who invest on 'feel'. It has to be tracked and monitored carefully to assess how it is going in its business strategy - well articulated at the IPO and through regular updates.

Again, contrast that with the backdoor jobs like Plexure where it's all hype (with suitably tech-sounding PR releases to hoodwink the naive) while the original shareholders sell out.

In the end, if the kitchen is too hot, stay out.

I’ll stay out of this kitchen until the sp is simmering instead of boiling

Quote:

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Originally Posted by Ggcc

I’ll stay out of this kitchen until the sp is simmering instead of boiling

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Good call.

Must be comfortable when one takes any position in the market - must be commensurate with one's own risk tolerance profile.

Buy when directors buy in volumes - that's one of my guiding investing principles.

Get the hell out when directors get out in volumes in unison - another guidance to follow.

I just checked the SP and expected a big red arrow and somehow this ended up in the blue for the day. That's quite the intraday gain if anyone was bold enough.

Quote:

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Originally Posted by silu

I just checked the SP and expected a big red arrow and somehow this ended up in the blue for the day. That's quite the intraday gain if anyone was bold enough.

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Up 14.5% on 11,000 shares.

Kitchen is still hot so those with low tolerance for volatility should continue to stay out.

WOW this is a very volitile wee beast :eek2: :)

Might just shut my eyes on this one for a few weeks :p

https://www.nzx.com/announcements/314742

Momentum of growing annuity income continues.

Diligently chugging along.

Did a quick check on ATPI and on the surface couldn't find a major difference between them and Serko. One of the potential suitors in the months/years to come?

Guaranteed customers sourced from ATPI for several years assuming they dont mess it up. This is all about resourcing and execution now. Serko was always disadvanted globally due to its small size so therefore door opening would take longer. This is no longer the problem.

They will have to double down on (MULTI-SITE/COUNTRY) delivery, implementation and customer satisfaction.

Please for the love of god fix your board!

@Schrodinger Do you have expertise in this field? If so what are your views on the current board?

Quote:

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Originally Posted by silu

@Schrodinger Do you have expertise in this field? If so what are your views on the current board?

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I like the current board myself - any board member prepared to put more of their money into a company deserves support.

We have just witnessed with CBL the exact opposite - taking money from the market to 'expand' and to cash out directors and management.

Schrodinger, you obviously have concerns - share with us?

They are missing a deep level travel tech expert pref USA/EU - Xero had the founder of their Australian competitor.... Also a great multi country enterprise IT operations background (implementation) expert would be useful (probably deep enterprise project experience who can help on project governance*). Heck even a been there done that founder or VC tech expert in scale up - Claudia is light weight..

I dont want another Wynyard.

*can spot issues before they happen

Check out Vista/Xero/Gentracks Boards. Time to up the game team.