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01-10-2020, 09:38 AM
#1591
Originally Posted by winner69
Another cap raising
Not that busy at the moment it seems but looking at world domination
Going for broke often good strategy for the ambitious
Cool
The right move IMHO, but still huge headwinds in this industry for 1 to 2 years.
Pandemic travel slump may cost 46 million jobs globally
The impact of the coronavirus on travel may cost as many as 46 million jobs globally, according to projections published by an aviation industry group.
The Air Transport Action Group (ATAG) predicted that the travel slump and a slow recovery will threaten 4.8 million aviation workers and more than half of the 87.7 million total jobs supported directly or indirectly by the sector, in related leisure industries and supply chains.
Disc - was my second biggest holding, but much scaled back in light of Covid.
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01-10-2020, 09:41 AM
#1592
Member
With so much corporate meetings happening online now I wonder if corporate travel will ever return to the pre covid levels.
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01-10-2020, 09:55 AM
#1593
Originally Posted by calledone
With so much corporate meetings happening online now I wonder if corporate travel will ever return to the pre covid levels.
Unlikely. However, their white label product delivers to more than just corporate travel as I understand it?
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01-10-2020, 09:58 AM
#1594
Originally Posted by calledone
With so much corporate meetings happening online now I wonder if corporate travel will ever return to the pre covid levels.
It will recover very quickly - deals are extremely hard to do with online meetings.
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01-10-2020, 04:35 PM
#1595
Originally Posted by Balance
It will recover very quickly - deals are extremely hard to do with online meetings.
Deals may be hard to do online but a lot of meetings can easily be done online. I don't believe corporate travel will recover to previous levels. I expect around 10% of the sector to never return. There are great tools now for sharing info and managing meetings online. Not to mention that some companies will simply not be able to afford it in the near future.
There are tough times out there in the travel, entertainment and hospitality industry.
Disney is laying off 28,000 workers.
The CDC extended the cruise ship ban to USA waters until at least 31 October and apparently wanted to ban cruise ships until 15 Feb 2021 but had to compromise with the White House on 31 Oct.
I'm also mindful that Greg Foran is warning that Air NZ are forecasting a slow travel recovery and not expecting it to be back to 100% in the next 3 years.
Having said that, I like the partnerships Serko have created and the potential opportunities so I will consider investing more.
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01-10-2020, 07:10 PM
#1596
Member
The situation here reminds me of the movie "Up in the Air".
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02-10-2020, 08:39 AM
#1597
https://www.nzx.com/announcements/360817
Placement upsized and price set at $4.55.
SP will be $5 soon - that's clear enough.
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02-10-2020, 08:46 AM
#1598
Originally Posted by Balance
Must've been some solid demand from big boys...
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02-10-2020, 08:51 AM
#1599
Originally Posted by sb9
Must've been some solid demand from big boys...
Glad I hung onto my shares even though it has been a really rough ride in the last 6 months!
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02-10-2020, 08:57 AM
#1600
Originally Posted by Balance
Glad I hung onto my shares even though it has been a really rough ride in the last 6 months!
I've got about 70% of my original holding after offloading a bit in recent price run up due to NZX 50 inclusion.
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