SKO - Serko.com

Massive scaling on the public pool - looking good for a strong opening tomorrow!

My pick is $1.35

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Originally Posted by blackcap

Investors in the public pool component of the retail offer were progressively scaled as follows: up to 2,000
Serko shares applied for received 100%; between 2,001 and 5,000 shares applied for received 25%; between
5,001 and 10,000 shares applied for received 17.5%; and above 10,000 shares applied for received 9.84%.

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So if you apply for 10,000 shares, you get 3625 shares - not too bad!

Is it listing at 10am

11am tomorrow

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Originally Posted by Mothman

11am tomorrow

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Thanks! Will look forward to it

Will Direct Broking update our portfolio or does this have to be done manually? Anyone know?

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Originally Posted by Toasty

Will Direct Broking update our portfolio or does this have to be done manually? Anyone know?

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Unless you bought it through DB (now ANZ) you will have to do it manually

Has anyone seen any orders waitlisted? Interested to see what price this will open at

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Originally Posted by tango

Unless you bought it through DB (now ANZ) you will have to do it manually

Has anyone seen any orders waitlisted? Interested to see what price this will open at

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Match price at the moment is $1.31. 30,000 shares on the block.

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Originally Posted by Toasty

Match price at the moment is $1.31. 30,000 shares on the block.

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'

Too early - watch the last 5 minutes before opening.

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Originally Posted by Balance

'

Too early - watch the last 5 minutes before opening.

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I know I know, but its exciting!

Quick refund of the oversubscription. Already in the account should I want to buy today.

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Originally Posted by Toasty

I know I know, but its exciting!

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It sure is! There's a big range of prices

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Originally Posted by Harvey Specter

Quick refund of the oversubscription. Already in the account should I want to buy today.

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Hey....you can have mine ! $1.40 ;)

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

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Originally Posted by Hmm

Wow that was disappointing.

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I'll withhold my sage investment advice until a more appropriate time :)

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...

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Originally Posted by Schrodinger

All going to plan, will track like Wynyard

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Fingers crossed.

I'm holding my shares. If the shares had taken off I would have considered splitting my holding and selling some but I'm happy to hold

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Originally Posted by Toasty

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...

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Yep - timing isn't ideal. But let's hope the fundamentals remain strong

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!

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Originally Posted by Toasty

Looks like my $1.40 ask was a tad optimistic. I am finding it difficult to love the market today.

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I thought these shares would be on fire.

Think I'll take a break from obsessively watching the price. It's getting depressing ;)

Speculative trading does not pay.

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Originally Posted by sharp

Speculative trading does not pay.

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Agree Sharp that's why I bought to hold - but that was before the shares dropped to 90 cents.

Panic selling!!! I will check in a couple of hours and see what's happening.

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

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Originally Posted by couta1

Hopefully Gentrack will do better on an up market day.

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I only got $1000 allocation so I'm relaxed on this one. I had more at stake with Serko

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Originally Posted by Toasty

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.

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They updated it before I read it so I'm not sure what the original looked like

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Originally Posted by tango

They updated it before I read it so I'm not sure what the original looked like

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That's kind of scary. It said something like a flying start or good start but now it says bumpy start. Way to change history.

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Originally Posted by RTM

Hey....you can have mine ! $1.40 ;)

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Wow - just got back to my desk. I would have been happy to pick up that lot @91c

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Originally Posted by belgarion

XRO slid back on IPO ... Look at them now. ;)

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As did WYN.

Will be interesting to see where it is at once it stabilizes in a few weeks.

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.

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Originally Posted by moosie_900

What a horrendous way to start your business off in the market! As with WYN, glad I pulled out at the last minute and was detterred by others posting on here that it was shut already due to oversubscription!

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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.

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Originally Posted by Bilbo

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.

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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 .......

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Originally Posted by Bilbo

........... 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.

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We will be really surprised if Gentrack do a Serko too. All indications say it will be well supported.

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Originally Posted by stoploss

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 .......

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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.

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Originally Posted by moosie_900

What a horrendous way to start your business off in the market! As with WYN, glad I pulled out at the last minute and was detterred by others posting on here that it was shut already due to oversubscription!

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To be fair it was a shocker day to list, tech stocks across the board got hammered, XRO, PEB, WYN. I suspect in the coming few weeks nerves will settle and we will see some positive movement.

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Originally Posted by Balance

Ad some of the punters here wonder why money is the only thing (in the right hands) which flows uphill.

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Just got my first few shares at 95C today. And just like XRO before, this will do good. I could be wrong of course :ohmy:

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Originally Posted by RGR367

Just got my first few shares at 95C today. And just like XRO before, this will do good. I could be wrong of course :ohmy:

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Hope so! I bought a big whack of them and am very glad I got scaled back.

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.....

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Originally Posted by RGR367

Just got my first few shares at 95C today. And just like XRO before, this will do good. I could be wrong of course :ohmy:

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Price starting to move - something about to happen?

http://www.nzherald.co.nz/technology...ectid=11322333

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.

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Originally Posted by RGR367

Just got my first few shares at 95C today. And just like XRO before, this will do good. I could be wrong of course :ohmy:

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Well, she's on the move.

Will those who stood back, look back a year from now and wish they took the opportunity of a cheaper entry than the IPO price?

Wynyard shows what can happen.

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.

Thanks....so its not just me / my machine. I'll keep trying on a weekly basis.

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Originally Posted by jamiec26

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.

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Article of Interest:
http://www.itnews.com.au/News/392269...rm-concur.aspx
SAP buys cloud travel expense platform Concur for $8.13 billion

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Originally Posted by silu

Article of Interest:
http://www.itnews.com.au/News/392269...rm-concur.aspx
SAP buys cloud travel expense platform Concur for $8.13 billion

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Makes Serko look cheap as chips!

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Originally Posted by Balance

Makes Serko look cheap as chips!

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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.

If anyone is interested SKO now works in Google Finance.
Cheers
RTM

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Originally Posted by RTM

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.

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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

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Originally Posted by tango

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

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I still probably will although I was able to get some more today at less than the intended SPP price of .84. I still got a 2-3 year horizon on it so the dropping sp is not of immediate concern.

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...

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Originally Posted by tango

These shares limp on.

I keep hoping they will live up to their promise...

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Me to. I think they will need to be bought by someone, something like just happened with Diligent. Lucky it was a small bet.

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.

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Originally Posted by 100101

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.

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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.

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Originally Posted by silu

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.

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Charging ahead now.

Nearly 100% up on 3 months ago, and going up on decent buying interest.

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.

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Originally Posted by silu

Up to 73c today. Maybe profitability is really just around the corner as promised.

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Like Diligent, turning point type price movement.

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.

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Originally Posted by silu

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.

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Yup - looking like Diligent.

Operating leverage in action once breakeven is achieved.

Will be a very attractive company for corporate activity.

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.

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Originally Posted by silu

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.

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Sit back, relax and looking more like Diligent with each update.

Happy.

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Originally Posted by silu

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.

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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.

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Originally Posted by silu

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.

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

Quote:

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Originally Posted by silu

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.

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Close association there of course - the boys at Serko were at Gullivers before they sold out and formed Serko.

Means that Gullivers now see Serko as a very serious player.