$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 ?
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Whoosh!....
356% return YTD
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.
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.
$1.47 today , all time high, rerating under way , well done on a good strong result.