Massive scaling on the public pool - looking good for a strong opening tomorrow!
My pick is $1.35
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Massive scaling on the public pool - looking good for a strong opening tomorrow!
My pick is $1.35
Is it listing at 10am
11am tomorrow
Will Direct Broking update our portfolio or does this have to be done manually? Anyone know?
Quick refund of the oversubscription. Already in the account should I want to buy today.
LOL I was thinking the same thing RTM
Eagerly awaiting the commencement of trading
How's that for a dynamic first post on sharetrader :mellow:
Wow that was disappointing.
Bit disappointing 112-113
All going to plan, will track like Wynyard
You would think that prices would be higher after having been oversubscribed
I'm not really surprised though. My portfolio seems to be made up of nothing but red arrows so I just expected this to follow the pattern. I probably should have warned people I was investing.
Being a tech company I wonder if this affected by the general carnage affecting XRO, DIL and others...
I dumped mine, I do not want to hold long any tech stocks at the moment.
Was hopeing for a better stag but thats the way it goes. Still dissapointed though.
I usually buy shares for a long-term hold. Hardly seems worth selling for 3 cent gain although it does add up with a large holding.
Holy crap I just took another look and saw the shares are down to 100. I'm beginning to think that selling was a smart move goldfish!
Looks like my $1.40 ask was a tad optimistic. I am finding it difficult to love the market today.
91 cents, she's dropping like a stone!
Speculative trading does not pay.
http://www.nzherald.co.nz/business/n...ectid=11280496
They must have written this article in the split second after the market opened. Funny reading a couple of hours into trading.
Hopefully Gentrack will do better on an up market day.
glad i didnt apply - sorry day for staggers
The only issue is did you pay too much to get in? If you believe this is a quality business then you should be hoovering up shares.
I don't give short term trading advice but recommend buying quality companies at bargian prices. DYOR.
A couple of thoughts:
On the one hand, I am not too concerned as it just seems to be retail investors fleeing,
On the other hand, I am concerned as no institutions are putting a floor on the price. HOw can it be allowed to drop to 91c even if it was just $1000 worth.
NOt sure whether it is a good thing or not but in the US, the lead broker would provide liquidity (ie. manipulate the price) to ensure this didn't happen.
Closed at 95. Thank god I got scaled.
Well hopefully that has cleaned up all those that applied with the intention of stagging and had to bale when the SP went south. Given the scaling there must be support close to the list price you would think, but maybe those that missed out have just moved on to the next IPO off the rank. Will be interesting to see what happens to both SKO and Gentrack tomorrow and what that means for the other tech IPOs in the works.
Bilbo , what do you mean "given the scaling there must be support close to the list price "
The float price was $ 1.10, first trade I think $ 1.13. The shares closed today down 15 cents from the float price @ 95 cents..... There was no support at the list price, let alone 10 % under it .......
Stoploss, what I mean is that those selling today were probably those that bought with the sole intention of stagging today and did a bit of panic selling to get out. If correct, that should leave long term holders who will not want to sell below the list price, and plenty of people who got scaled who may want to top up. The pre IPO interest showed plenty of support at the list price of $1.10 and for those looking to hold nothing has changed. The game only changed for those looking to make a quick trade and finding that was not going to happen.
Hi Team,
With today's low volume dump dropping the price 5%, I was wondering if anyone had any updated opinions on Serko now that they have been listed for a few months?
I've read the annual report and think the company has some great prospects. I've also used a competing product when working in the UK and Serko's looks far more refined.
Cheers
No change, the company is expecting to hit $15M revenue 2015 (on schedule) so this is a long term hold for me.....
Attachment 6240Future looks bright!
Attachment 6241 Future looks bright!
After they listed I was happy that my original allocation was heavily scaled. Hopefully now I will be disappointed that I didn't get more.
Wow. I'm in profit :). Whoda thunk that yesterday?
I maintain my portfolio in Google Portfolio (no, its not because I want to share it with the world) as I like how it tells me on a stock by stock basis the gain / loss for the day....as well as a total gain for the day...and I get a graph of how my portfolio is tracking over time.
I have some SKO shares.
Problem: I don't seem to be able to add SKO to my Google Portfolio.
Anyone know why ? Google Finance can see it (NZE:SKO) but no prices and it will not add to the portfolio.
I have the same problem.. I found i had the same problem with one of the power companies i brought, then one day it fixed it self.
Article of Interest:
http://www.itnews.com.au/News/392269...rm-concur.aspx
SAP buys cloud travel expense platform Concur for $8.13 billion
NOt really - sold for about 10x revenue which is what SKO is currently trading at.
Though, if the value is being able to sell it to all of SAPs clients (ie. future growth rather than current revenue), it would have been alot cheaper for them to buy SKO than Concur.
Interim results for FY15. On target and looking positive. Interesting year next year.
I only have a limited understanding of Serko being a disappointed stagger now holding and hoping for the best....but this partnership with Expedia seems to be a significant step. They are certainly a recognised brand and promote themselves relentlessly.
https://www.nzx.com/companies/SKO/announcements/258993
I bought these at the IPO and have topped up along the way because the business looks like it has potential in an interesting field. The deals they have made along the way have been excellent and this one with Expedia could be a big deal. Certainly worth having a few of these and it will be interesting to see where they head and how they track compared to their future forecasts. A few good announcements and some public awareness of this company could make us very happy to be holding.
Cheers,
MPC
They have many other big deals apart from Xpedia. Again hard to value this but a market cap of $200M does not seem unreasonable due to the growth prospects. Not fazed if this is 6 months or 3 years but the deal cut for Concur should give some indication of the potential of this sector.
Prefer the rise in share price to be based on growth and deals so they are getting rewarded for results and not dreams.
Overall reasonably happy with this result.
Nice to see SKO getting a tick from Milford https://www.nzx.com/companies/SKO/announcements/270414
https://www.nzx.com/companies/SKO/announcements/275430
Placement above market price and oversubscribed. Fascinating as the company has under performed on sp and on financials since listing.
They must have told a pretty good story in the placement to the institutions to get the institutions on board.
Also, directors put their money where their mouths are and took part in the placement.
Sleeper stock for 2016?
Is anyone planning to participate in the latest SPP?
I had been thinking of selling down my Serko although I did see one broker picked them as a share for 2016
I need to reevaluate. I sold some at a high and kept some "just in case". Now I don't know what to do but I will probably reinvest and grab some more...
I don't mind the long time horizon, but I'm nervous of them going under ...
GENERAL: SKO: Serko to Partner with Xero
Good news in the morning. "Under the terms of the agreement, Serko's new online booking service,
serko.travel, specifically designed for small and medium sized businesses,
will connect to Xero's customer base of more than 425,000 subscribers in
Australia and New Zealand. "
These shares limp on.
I keep hoping they will live up to their promise...
Is anyone from ST going to the shareholders meeting? I picked up a small parcel of these when it dropped after IPO, not really a big holding although might be a good opportunity to meet some ST members or attend an AGM
Thought I should give this a bump after the husband of a friend told me how much he loves using Serko for his travel (and he travels a LOT for business) but the share price at nearly 50% of its IPO price. We are getting very little with regards to forecasts so I assume they are still in place based on their FY16 presentation. Just unloved or is this coy not telling us how they are going so far?
Thanks Silu....good feedback, I had not heard of anyone who was using it. I have a modest no. of shares....buggar. I am thinking the only way out is for someone to buy them outright. So for that reason I am sitting on a nasty loss with my fingers crossed.
Part of my education.
Cheers
RTM
Not a great market update from Serko is it. After the WYN failure, they obviously felt compelled to update the market early, especially since their SP has been dropping rapidly recently. Unfortunately it has back-fired and the SP crashed another 15% today.
They continue to move the goal post and under-deliver at every trading update. In the AGM in August they re-iterated their break even date: "Serko maintains our previous guidance to achieve monthly break even and positive cash flow by the end of FY17" and now they have changed it without mention of the previous guidance: "The Serko Board expects to achieve break-even early in the 2018 financial year (FY18)". I've lost count at the number of times they moved this date.
Then they tweet "Market update for the first half of FY17. Everything on track and in line with expectations. https://goo.gl/KkDEjX". Do they think share holders are stupid?
I just hope FY18 is finally the turning point with the Sabre deal, their SME product, and the increased revenue per booking. However given their track record, I've lost a lot of confidence in this company to execute.
My worst performing share in my whole portfolio. Kept it as feedback from users (as above) was great but in hindsight I should have just sold them at a loss and moved on. No wonder the "normal" Kiwi doesn't like investing in the sharemarket with IPO's like these.
I suppose an increase of 37.93% on the week must count for somthing, although admittedly on very very thin trading.
Perhaps a few of the broker picks for the year may have started some movement.
As Warren Buffett famously said "In the short term the market is a popularity contest; in the long term it is a weighing machine."
The trick is to figure out whether Serko will do a Diligent or a Wynyard.
I am in the former camp but wait for confirmation that they are really starting to deliver on expectations before going in - been one disappointment too many so far. Just as there was with diligent initially.
FY announcement happening tomorrow Tuesday 23rd. Cautiously optimistic.
Slightly better than expected. http://www.nzherald.co.nz/business/n...ectid=11861356
Still way in the red but there's light at the end of the tunnel.
Still holding and I even picked up a few more at 35c on the way up. Current SP 60c which is still under the IPO price of $1.10 but perversely it may still be the best performer of the most recent tech IPOs?
Up to 73c today. Maybe profitability is really just around the corner as promised.
The NZX - where good news is confirmation that what management has said months before still rings true.
Serko Trading Update for FY18
Serko expects trading revenue in the first half of the 2018 financial year
(1H FY18) to be up approximately 25-30% over the same period for the prior
year, excluding gains/losses on AUD revenue hedging. Budgeted $AUD revenue
for the year is largely hedged to $NZD at approximately $0.93.
Serko anticipates that EBITDA for 1H FY18 will be positive at approximately
$1 million and expects a positive NPAT for FY18. Serko recorded an EBITDA
loss of $1.75 million for the same period in the prior year.
The second half of the financial year is typically weaker than the first due
to the seasonal effects of low volumes of corporate travel in December and
January. We also expect to expand headcount and therefore remuneration and
benefit costs will be higher in the second half. Accordingly we expect both
revenue and EBITDA in the second half of FY2018 to be lower than the first
half but about break-even at the EBITDA line. However, some recent contract
wins may transition onto the Serko platform over the course of the second
half and, depending on timing, this may represent upside in the second half
results.
Another guidance upgrade which seems hasn't been digested by the market yet as there is only a SINGLE buyer in the queue. Happy to have averaged this down early this year.
Well done Silu, I wasn't brave enough to do that....but have hung on to what I had. Very pleased.
https://www.nzx.com/files/attachments/267436.pdf
Nice to be involved with a startup that hasn't had to come back to their share-holders over and over again for more funds. As yet anyway.
How things change. Yesterday we only had one buyer and today we only have ONE seller.
Also just announced a new strategic partnership with Gullivers Travel Associates which is a really well known world-wide name in travel.