SKO - Serko.com

[silu]

Up to 73c today. Maybe profitability is really just around the corner as promised.

[Balance]

Up to 73c today. Maybe profitability is really just around the corner as promised.

Like Diligent, turning point type price movement.

[silu]

The NZX - where good news is confirmation that what management has said months before still rings true.

Serko Trading Update for FY18

Serko expects trading revenue in the first half of the 2018 financial year
(1H FY18) to be up approximately 25-30% over the same period for the prior
year, excluding gains/losses on AUD revenue hedging. Budgeted $AUD revenue
for the year is largely hedged to $NZD at approximately $0.93.

Serko anticipates that EBITDA for 1H FY18 will be positive at approximately
$1 million and expects a positive NPAT for FY18. Serko recorded an EBITDA
loss of $1.75 million for the same period in the prior year.

The second half of the financial year is typically weaker than the first due
to the seasonal effects of low volumes of corporate travel in December and
January. We also expect to expand headcount and therefore remuneration and
benefit costs will be higher in the second half. Accordingly we expect both
revenue and EBITDA in the second half of FY2018 to be lower than the first
half but about break-even at the EBITDA line. However, some recent contract
wins may transition onto the Serko platform over the course of the second
half and, depending on timing, this may represent upside in the second half
results.

[Balance]

The NZX - where good news is confirmation that what management has said months before still rings true.

Serko Trading Update for FY18

Serko expects trading revenue in the first half of the 2018 financial year
(1H FY18) to be up approximately 25-30% over the same period for the prior
year, excluding gains/losses on AUD revenue hedging. Budgeted $AUD revenue
for the year is largely hedged to $NZD at approximately $0.93.

Serko anticipates that EBITDA for 1H FY18 will be positive at approximately
$1 million and expects a positive NPAT for FY18. Serko recorded an EBITDA
loss of $1.75 million for the same period in the prior year.

The second half of the financial year is typically weaker than the first due
to the seasonal effects of low volumes of corporate travel in December and
January. We also expect to expand headcount and therefore remuneration and
benefit costs will be higher in the second half. Accordingly we expect both
revenue and EBITDA in the second half of FY2018 to be lower than the first
half but about break-even at the EBITDA line. However, some recent contract
wins may transition onto the Serko platform over the course of the second
half and, depending on timing, this may represent upside in the second half
results.

Yup - looking like Diligent.

Operating leverage in action once breakeven is achieved.

Will be a very attractive company for corporate activity.

[silu]

Another guidance upgrade which seems hasn't been digested by the market yet as there is only a SINGLE buyer in the queue. Happy to have averaged this down early this year.

[Balance]

Another guidance upgrade which seems hasn't been digested by the market yet as there is only a SINGLE buyer in the queue. Happy to have averaged this down early this year.

Sit back, relax and looking more like Diligent with each update.

Happy.

[RTM]

Another guidance upgrade which seems hasn't been digested by the market yet as there is only a SINGLE buyer in the queue. Happy to have averaged this down early this year.

Well done Silu, I wasn't brave enough to do that....but have hung on to what I had. Very pleased.
https://www.nzx.com/files/attachments/267436.pdf
Nice to be involved with a startup that hasn't had to come back to their share-holders over and over again for more funds. As yet anyway.

[silu]

How things change. Yesterday we only had one buyer and today we only have ONE seller.

Also just announced a new strategic partnership with Gullivers Travel Associates which is a really well known world-wide name in travel.

[t.rexjr]

How things change. Yesterday we only had one buyer and today we only have ONE seller.

Also just announced a new strategic partnership with Gullivers Travel Associates which is a really well known world-wide name in travel.

There were none for a moment. Never seen that! Someones laid some down now for $1.50 haha

[Balance]

How things change. Yesterday we only had one buyer and today we only have ONE seller.

Also just announced a new strategic partnership with Gullivers Travel Associates which is a really well known world-wide name in travel.

Close association there of course - the boys at Serko were at Gullivers before they sold out and formed Serko.

Means that Gullivers now see Serko as a very serious player.