The NBR article and comments from Darrin are very optimistic. Aspirations of $100m total income in FY2025 was confirmed. Aussie market hasn't opened yet. Will be interesting to see how the asx reacts.
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The NBR article and comments from Darrin are very optimistic. Aspirations of $100m total income in FY2025 was confirmed. Aussie market hasn't opened yet. Will be interesting to see how the asx reacts.
Soo... Cost base will be pretty stagnant while revenue climbs to the targeted $100m... (and beyond I'd assume)
Time to put my feet up I think
Always good buying at 2 bucks
Revenue $48m. Remuneration expense $49m........ 34 people paid over $200k.
SKO just one big party for those employed there. A company built up on the back of free money.
Lucky they still have $87m in the bank. They did so good raising heaps of capital when markets were throwing it around willy-nilly.
The party can continue :eek2:
Wouldnt get away with it these days aye.
Cashflows from operating activities gone backwards even after the huge increase in revenues...
and Amazon and xero back in the day, it funny many years ago when someone came out with an article keep shorting Amazon and said it losing money and will go bankrupt, he short it at $200 it went slow to $400, he then keep betting on shorting it it went to $600 then $800 then he turn around and said ok it time to go long hahahaha lucky for him because amazon eventually went to thousands before a 20:1 Split
and the non believer in xero when it was 30 and 50 and 60 and it keep going up and up and up
Xero was first profitable in like 2019? The share price had grown from a few $1-3 in 2012 ish to $40ish in 2019. Tech does not need to be profitable to grow in value.
It's also important to note that the capital raise was at $7ish, so lots of room for growth based on current metrics and information.
and xero cash flow was shocking in 2009/2010, revenue 2m burned 10m :)
those who sold out and dont understand the model missed out big time
Sadly NZers have largely missed out on the huge gains made on the IT & software industry - a total lack of understanding on how the companies in these sectors build up market presence and future cashflow.
They get sucked into companies like MFB & CBL and then, blame the market for failing to deliver gains to them!
Big rerate to happen over near term. Closed at 2.92 on ASX which is 3.10 here.
Could easily be knocking on 5 handle over mediums term.
Great result and building solid momentum now, glad to have added some in low to mid 2s over past few months. Mostly after Darrin put his hand up by buying on market.
Did they mention why USA didn’t see much growth?
look like USA market on the back burner while they working on booking.com integration
they just laying the ground work for USA market by the look of it. they briefly mentioned they try to signed on more reseller
and bring more CWT content to that market and developing NDC integration. I assume once booking.com integration is bed down
they start putting more resource into the North America market
Haha - my ex-boss always said that one should always celebrate when one has held true to a view and reaps the reward.
Share the joy and success around.
So that's what I am doing with this huge spike in SKO's sp.
Hope no one sold on the way down towards $2.00 but took the opportunity to top up.