SP is holding up well in spite of the worsening covid situation in Aus. Surely it's going to have an impact on the balance sheet though, looking at months of no cross border travel within Aus.
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SP is holding up well in spite of the worsening covid situation in Aus. Surely it's going to have an impact on the balance sheet though, looking at months of no cross border travel within Aus.
Forsyth Barr analysts have started coverage of Serko, ……that’s good
Have an neutral rating and a target price of $7.20…….they’ll be chasing it up for years I reckon
They like Serko’s highly ambitious and credible management team .. I concur with that
Closed today 7.50 …..pretty good
How is this company worth $800m?
I'm actually curious as to why its trading at it's current level. PLX maybe a bad story teller but at least it once made a profit and isnt trading at a crazy multiple.
Having a look at the morningstar numbers via ASB securities it shows sales increasing in the 5 years from 2016 to 2020 only 100% ($13m to $26m). Ignoring covid impacted 2021 and going off 2020 it is trading $810m/$26m= 31x sales.
To be trading 31x shouldnt it doubling sales every 2 years at least?
Looks like a lot of growth is baked in
I just hope PLX trades at a $200m cap so i can sell the lot
I think travel is an awful business to be in but I bought SKO because the price keeps going up and people who usually know about this stuff are buying in. Perhaps the booking.com investment is under-appreciated.
Always nice to listen to Darrin
Business Hub: Serko CEO Darrin Grafton on the changing shape of business travel
https://www.nzherald.co.nz/business/...ectid=12456576
Serko CEO still seems rather bullish even though challenges ahead
Paywalled
Business Hub: Serko CEO Darrin Grafton on the changing shape of business travel
https://www.nzherald.co.nz/business/...ectid=12456576
Latest update today from SKO.
Have taken my gains and departed. GLH.
Indeed, I booked my gains last week. Very surprised the SP is still holding up as well as it is. Still a promising business so will be looking to buy back in when the fundamentals look more positive.
New director appointment..... looks to be a good one.
https://www.nzx.com/announcements/376877
(Don't hold)
Looks someone is happy to take off weak hands and keep accumulating. Still have all my holdings, waiting for Booking to make a corporate activity of some sort in near future in double digits at least.
Interesting - I found talk about "weak hands" in threads like these a quite accurate social media indicator for dropping stocks. It seems to indicate that FOMO is over and the "smart" money left the party already. Staying away from stocks like that improved my investment returns.
Saves the time to do a TA :);
Obviously - GLTAH! As any indicator, it might not be 100% and I hope for you it isn't!
Well I sold down a few on Friday as I viewed this as a vulnerable share under lockdown. I was NOT expecting it to go up 8% today :scared: makes no sense to me :rolleyes: