Well done for holding on Silu :t_up:
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Yea, it would seem the aussie price went up 15% more than the nz SP . 29.2% comp to 44.9.% .
Good day. Hope we can get a good SP rise before the probable takeover. Bookings seem to really have called the shots here re other big investors .
Enjoyable day today.
Fortunate that I get up before the Oz market opens. :sneaky2:
I really do believe that yesterday (besides being a wonderful day for almost Serko shareholders) marks the next major leg up for the company's development and progress towards a truly global travel & leisure sector giant player.
With $50m (plus $5m more to come via the SPP), Serko is now superbly well positioned (truly so) to fast track and take its obviously competitive and highly effective Zeno into the global stage - with shareholders who understand and support the strategy.
https://au.finance.yahoo.com/news/se...025007587.html
Except : "In order to accelerate the roll-out of Serko Zeno into North America and Europe, Serko looked to raise capital by undertaking the NZ$56 million placement and NZ$5 million share purchase plan. Funds from the capital raising will also be used to expand content channels across the global travel management community, increase the company’s scale and ability to grow a customer base. Areas of investment will include sales and support facilities, product development and integration and expanding the company’s leadership team. The investment by Booking Holdings will also allow Serko to expand its existing agreement and enable Booking.com to offer and promote Serko Zeno to business travellers."
The traded volume of 1.7m* shares on NZX shows that Serko has successfully and strategically placed the $56m worth of shares with solid longer term investors/shareholders - some of who were/are prepared to top up their scaled back allocations by buying on market yesterday.
The 1.7m shares traded would have also taken out most of the day traders who really should not be in a stock like Serko (or Xero or ATM) - we know they were/are there because of the sheer panic of their exit on Wednesday.
Also - Management must seriously consider taking Serko out of NZX to ASX like Xero did. The Australian institutional investors have far far better and deeper understandings of how stocks like Serko, ATM and Xero operate than the pathetic NZ institutional and retail investors.
Onwards and upwards - towards $10 as the next sp pause (before attempted takeover by Booking Holdings) in 2020.
*Excludes the 2.8m selldown shares
Would the shares for SPP be sold at $4.04?
"A share purchase plan will be offered to existing shareholders to raise a further $5 million, at either the placement price or the five-day volume-weighted average price, whichever is lower."
My regular email from booking.com suggesting places to stay means all that much more these days
Used them to get b&bs etc for a month in UK .....never any problems