Just a timely reminder of what is the story with Serko - a takeover by BKNG is a matter of time imo.
Diligent story playing out again - just needs the directors/shareholders to give the green light and it will be all on.
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Why buy SKO and absorb the $3m monthly cash burn??? Booking have their cake and eat it too atm
I bought and gifted Diligent shares to my eldest daughter when she was in university which I bought at $1.10. It completely paid for her university education and more!
I just bought Serko shares for my youngest kid - I believe the same will happen with the shares like with Diligent.
No hurry - let the company get more and more attractive, and more and more valuable.
Rough few days for Serko
Don't know the rules exactly, but SKO is likely out of NZX 50 index in the upcoming March rebalance? Probably will see more pressure on share price in the meantime.
On the other hand, some people may be waiting to take shares from passive index funds and KiwiSavers at these prices; one of the few ways to get volume in this thinly traded stock.
Yeah, looks like someone is keen to offload their holdings for whatever reason.
$3 almost 50% from here now.
Could be a buy at $1.50 sp
wonder if they will do $50m revenue FY23?