SKO - Serko.com

[silu]

Frosch is pretty big (Top 15 in the world) with over 2000 employees world-wide. Frosch also acquired Luxe Travel in 2020 who were already Zeno resellers so it seems they liked what they saw.

[silu]

Just read this and this stood out for me. IT specialists in this forum can probably tell us if this is just Microsoft corporate fluff speak.

https://itbrief.co.nz/story/the-sky-...travel-to-life
The sky’s the limit: Serko & Booking.com bring corporate travel to life

"Booking.com’s corporate platform requires its own servers and Azure data centres - and not just because of the sheer size of the platform, but also to comply with GDPR.

This is a perfect system for Serko because the company can target update rollouts to specific markets as they are needed.

O’Brien says the company is now ’100% Azure’ and works with a Microsoft technical account manager every week to help Serko’s cloud team strengthen the platform.

After Serko’s successful trials of the Booking.com for Business platform across Germany, Ireland, and the United Kingdom, the company is now eyeing up a wider rollout. It also plans to leverage its Microsoft SaaS partner status to tap into new markets."

[Cricketfan]

Just read this and this stood out for me. IT specialists in this forum can probably tell us if this is just Microsoft corporate fluff speak.

Not exactly sure what you mean. They are moving to Microsoft data centres. Not fluff, just an under-the-hood change really.

[silu]

Not exactly sure what you mean. They are moving to Microsoft data centres. Not fluff, just an under-the-hood change really.

Thanks I only really wanted to know whether this was normal progression for Serko or whether this had something to do to be more integrated with booking.com

[silu]

How on earth did the ASX allow trades in Serko from yesterdays close at 619 at 503 today?

[Kimster]

I cheekily have put in for a few hundred shares at the significantly lower price currently trading at NZX. Sharesies allow holdings at both ASX and NZX - so lets see what happens

[silu]

Nothing we didn't expect in this report as far as I can see
https://www.directbroking.co.nz/Dire...spx?id=5688161

[Ggcc]

Nothing we didn't expect in this report as far as I can see
https://www.directbroking.co.nz/Dire...spx?id=5688161

Is this company really worth $720 million?? It’s a great company and I believe has a great future, but after these figures it should drop some in sp today

[calledone]

Nothing we didn't expect in this report as far as I can see
https://www.directbroking.co.nz/Dire...spx?id=5688161

It's a bit worse than I expected since NZ and AU did not have many persistent lockdowns within our borders. I sense a pessimism in Darren's expectation of recovery to pre-covid times in the medium term even with the rollout of business customer migration for booking.com. I know people are getting tired of all these online meetings(I am) but I believe post covid, companies will continue to take advantage of these online platforms to cut travel expenses.

[silu]

In their market update here https://www.directbroking.co.nz/Dire...spx?id=5640730 they mentioned it will towards the higher point of the forecasted 40-70% of pre-covid levels so with levels being at 73% they exceed that no?