SKO closed on its high of $4.30 Au or equivalent $4.60 N Z , still catchup for NZ x come Tuesday, looking good.
Originally Posted by Balance
Always right to buy at $4
Originally Posted by sb9
Even better if you can buy under $4...
And so it is!!!!!
Congratulations to all who held their nerves and not sell, and well done to those who 'robbed' the panicky souls out of stock at the bargain basement prices of 2 days ago.
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 .
And ASX open Monday ...another good day likely ...so $5 plus open Tuesday on NZX
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.
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.
"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."
Originally Posted by silu
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