SKO - Serko.com

[daveypnz]

SP is holding up well in spite of the worsening covid situation in Aus. Surely it's going to have an impact on the balance sheet though, looking at months of no cross border travel within Aus.

[Leftfield]

SP is holding up well in spite of the worsening covid situation in Aus. Surely it's going to have an impact on the balance sheet though, looking at months of no cross border travel within Aus.

SKO is much more than just Aus. Still heaps of travel in Europe and USA. So yes good to see it holding up well.

[daveypnz]

SKO is much more than just Aus. Still heaps of travel in Europe and USA. So yes good to see it holding up well.

Indeed but Aus is by far their largest market currently, 61% of revenue in 2021 and 70% in 2020.

[winner69]

Forsyth Barr analysts have started coverage of Serko, ……that’s good

Have an neutral rating and a target price of $7.20…….they’ll be chasing it up for years I reckon

They like Serko’s highly ambitious and credible management team .. I concur with that

Closed today 7.50 …..pretty good

[Rawz]

How is this company worth $800m?

[silu]

How is this company worth $800m?

Agree. It should be worth more.

[winner69]

How is this company worth $800m?

Because the Serko story is so much better / credible than the Plexure one

And as silu says the $800m is undervaluing it.

Maybe even be a $10 billion company one day …like Plexure is going to be eh

[Rawz]

I'm actually curious as to why its trading at it's current level. PLX maybe a bad story teller but at least it once made a profit and isnt trading at a crazy multiple.

Having a look at the morningstar numbers via ASB securities it shows sales increasing in the 5 years from 2016 to 2020 only 100% ($13m to $26m). Ignoring covid impacted 2021 and going off 2020 it is trading $810m/$26m= 31x sales.

To be trading 31x shouldnt it doubling sales every 2 years at least?

Looks like a lot of growth is baked in

I just hope PLX trades at a $200m cap so i can sell the lot

[gbogo]

I think travel is an awful business to be in but I bought SKO because the price keeps going up and people who usually know about this stuff are buying in. Perhaps the booking.com investment is under-appreciated.

[silu]

Always nice to listen to Darrin
Business Hub: Serko CEO Darrin Grafton on the changing shape of business travel
https://www.nzherald.co.nz/business/...ectid=12456576