Let's finish the week on an all-time high so I can feel great about my investment decisions.
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Let's finish the week on an all-time high so I can feel great about my investment decisions.
Hopefully within the next 12 months this stock will be included in NZX50.
Rather large spread between buy and sell at the moment....
Not a lot interest on the sell side at all. Hopefully, the FY wash up will reflect the effort they have been putting in and that $5 block will be looking cheap!
Diligent listed badly and dropped down to 8c before its sp started going ever higher. Same pattern happened with Serko.
Then, Diligent suffered from the options accounting issues and its share price suffered a massive drop before it recovered and then, was taken over.
(What a great opportunity that was to buy stock when Milford was rubbishing the company - sp got down to $2.56 in 2013. Takeover price was $7.39 2.5 years later.)
I have full confidence that Serko will not have a Diligent type issue - Chairman Botherway is an old hand and has kept his eyes on the ball every step of the way.
In the short term the FY results will dictate whether we fly to the end of the year or continue to consolodate for another year. But all things being equal I suspect this time next year you will be happy if you buy in now.
It would be interesting to know if they have any other big signings coming down the pipeline, and how their expansion into full travel expense management is going - if that proves to be popular then I see no reason that we aren't looking at the next XRO nevermind diligent.
But first things first - a good FY result!