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!
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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!
On course for a bullish finish at $4.25.
100,000 trades @ $4.25 after close, BRILLANT !!
$4.29 close in Aussie !
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.
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
Happy 5th NZX anniversary Serko! It's been a great ride. Looking forward to continuous happy returns.
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.
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
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.
$50 a share. I briefly allowed myself to daydream.
Haha - reluctantly agree. ;)
Poor old Hamilton got the bump steer last night - Cannasouth!
https://www.nzx.com/investing/events...l=tw-143583008
Must have been one lousy presentation - CBD sp dropped today!
$4.26 ath !!
http://nzx-prod-s7fsd7f98s.s3-websit...785/302565.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.
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.
another ath $4.28 !
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.
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.
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.
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.
How exciting, I will soon be able to afford to accumulate more.
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?
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.
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.
Techweek interview about Corporate Travel with Darren from Serko https://youtu.be/lsMQ3jhW0u4
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.
FaceMe, Serko partner to make world-first ‘pocket travel agent’
Powering ahead in time for upcoming ASM on 21st...(same day as ATM results day).
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.
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!!!
To those, like me, who are confused to what NDC actually is Zeno has a good explanation here https://www.zeno.travel/latest/how-n...96955296210944
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.
Here is link from company website re new partnership.
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.
SKO's AGM tomorrow , should be interesting updates on its marketing penetrations.
Yes, will be there.
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
http://nzx-prod-s7fsd7f98s.s3-websit...541/305844.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...541/305834.pdf
Cautious but confident! :t_up:
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!
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.
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!
Hope you're right Balance. Like your colleagues... it will be hard to ignore huge dollars should they be offered.
Money changes many perspectives.
SAP bought Concur in 2014 for US$7.3 billion. I think at that valuation I'd let my Serko shares go.
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 .
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..
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.
Finished on its ATH $4.47 news must be seeping in !
Looking good to crack $4.50 mark today.
Seems as though there's lag on NZX comparative to ASX last traded price.
https://www.serko.com/
New look and refreshed website, looks pretty cool...