SKO - Serko.com

[silu]

Report out of Australia showing that corporate travel is back to 90% of pre-Covid travels but predicts that it won't reach pre-Covid levels until 2026. However I'm almost certain Booking.com will have snapped us up by then.

[sb9]

Report out of Australia showing that corporate travel is back to 90% of pre-Covid travels but predicts that it won't reach pre-Covid levels until 2026. However I'm almost certain Booking.com will have snapped us up by then.

I'm sure we'll have more clarity in couple of days time at the ASM on 31st Aug.

[silu]

I'm sure we'll have more clarity in couple of days time at the ASM on 31st Aug.

Are you going?

[sb9]

Are you going?

Unfortunately work commitments won't allow for that. Might join online though..

[t.rexjr]

Any takeaways from the meeting?

I was only half listening unfortunately so missed a fair bit, Much mumbo-jumbo with very little grit...

I'd like to know if the 300k bookings.com migrated customers is singular person customers or if they relate to entities/businesses. Did I hear correctly when they said that number was now $500k? Also wonder how many of those customers are active users?

They mentioned they have 70% market share in NZ; did anyone catch the specifics of that a number, what it related to?

Revenue expected to double so maybe +/- $35m. With the expected increased rate of product investment, is cash burn likely to decrease?

Why on earth did someone ask about buy backs??

Good to hear they are very busy

[Walter]

I was a bit shocked to hear that they are only planning to get cashflow neutral in 2 or 3 years.

[sb9]

I was a bit shocked to hear that they are only planning to get cashflow neutral in 2 or 3 years.

Well, if true that's gotta be pretty pleasing news for shareholders. Were you shocked positively or negatively...

[sb9]

Any takeaways from the meeting?

I was only half listening unfortunately so missed a fair bit, Much mumbo-jumbo with very little grit...

I'd like to know if the 300k bookings.com migrated customers is singular person customers or if they relate to entities/businesses. Did I hear correctly when they said that number was now $500k? Also wonder how many of those customers are active users?

They mentioned they have 70% market share in NZ; did anyone catch the specifics of that a number, what it related to?

Revenue expected to double so maybe +/- $35m. With the expected increased rate of product investment, is cash burn likely to decrease?

Why on earth did someone ask about buy backs??

Good to hear they are very busy

Sorry, couldn't join online due to other commitments.

Think worst is behind for travel and leisure industry as a whole and it augurs well for these guys moving forward.

[Rawz]

I was a bit shocked to hear that they are only planning to get cashflow neutral in 2 or 3 years.

WOW that is surprising. I would have thought much sooner with the rapid revenue growth

[t.rexjr]

WOW that is surprising. I would have thought much sooner with the rapid revenue growth

I assumed that was quite conservative. 'Increased investment' (what ever that pertains to) may have a bearing. On an assumption revenue should easily double and double again over the next two years, then that should take care of current cash burn... Though if they only manage doubling in a normalised(ing) travel environment then i dare say they'll be disappointed. Its off a low base and huge inroads would have been made over the last couple of years. If the world starts being more normal I wouldn't be surprised at all if doubling turns out to be extremely conservative.