bought in last week, It has good tech, use it, love it, all it need is control cost and grow market shares and this is a multi baggers
previously use Xero, love it, bought shares
There was a market analysis of travel companies a few years ago (forget who by)... I remeber them comparing SKO and CWT. The summary was pretty mush if you were going to invest in CWT then you might as well just invest in SKO as they are the platform that powers CWT. Seems to me this CWT/Booking deal will just add carriages to the locomotive
Remember balance was the one raving buy..buy when the SP about $6...
Hope u bailed out back then...lol
From memory this was all prior to Covid when loads of people said all sorts of numbers for different shares. IE RYM would be $30 and SUM would be $15.........
Way better than expected. Let's hope the market loves it too
Summary of Financial Results:
o Total income $48 million, up 154%
o Average revenue per booking $9.56, up 65%
o Average revenue per completed room night EUR9.34, up 36%
o Online bookings of 4.1 million, up 93%
o Completed room nights on Booking.com for Business 1.5 million, up 381%
o EBITDAF loss of $21.8 million, a 23% improvement
o Net loss after tax of $30.5 million, a 15% improvement
o Cash and short-term deposits $87.7 million
o Underlying average monthly cash burn $2.7 million
o FY24 guidance for total income of $63 million to $70 million
Still have some a few years ago because Balance kept rolling me always good buying around $2 but I have no idea whatsoever how they will ever make money …..a complete mystery to me.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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