SKO - Serko.com

[usenet]

Still burning cash, and losing money, and yet has a market cap of $540m. Not for me at these prices. A lot of expectation priced in.

that the life of tech startup and ramp up by the time it becomes the cash cow positive river, the share has already rocket like xero, pro medicus etc...investing in tech stock required a different mindset.

for comparison canvas latest number
revenue 1.7bn valuation is 25bn (15 times revenue) and they are not profitable and they run close to Serko time line of cash flow positive
Serko revenue let say 70m on market cap of 500m is 6-7 times revenue, move to FY25 100m it becomes 5 times revenue

Serko is relatively cheap compared to most tech startup

[winner69]

that the life of tech startup and ramp up by the time it becomes the cash cow positive river, the share has already rocket like xero, pro medicus etc...investing in tech stock required a different mindset.

for comparison canvas latest number
revenue 1.7bn valuation is 25bn (15 times revenue) and they are not profitable and they run close to Serko time line of cash flow positive
Serko revenue let say 70m on market cap of 500m is 6-7 times revenue, move to FY25 100m it becomes 5 times revenue

Serko is relatively cheap compared to most tech startup

Understand all that Usenet but one question …..when does a startup not become a startup ….Serko been going for 15 years and been listed for nearly 10 years

[usenet]

Understand all that Usenet but one question …..when does a startup not become a startup ….Serko been going for 15 years and been listed for nearly 10 years

Serko for the first 10 years it didn't do much and don't have any grand ambition apart from servicing Australia and NZ
they did turn a profit while they just doing ANZ. Then booking.com came a long and it changes all that

I said it begins a second startup phase 4-5 years ago when booking.com join the register and get Serko to start developing their booking.com for business and that put it into rapid expansion and startup mode again to service EU booking.com clients, that project is nearly complete and it now has eyes on the USA market and unmanage booking with large global clients. Rio Tinto move to Zeno is a very good wins and I can see more of the big global fortune 500 can join the ranks.


Covid disrupt its for 2 years so I said the global expansion is in years 3 of startup

Xero founded in 2006 turn maiden profit in 2020 if you want to put that into perspective Serko is doing pretty good

[winner69]

Could retate to $6 very soon, wait for ASX to open and brokers upgrades to come through following the investor call.

Nearly got to 5 bucks then ASX opened …..what happened

[winner69]

Share price only up 1 cent today …pretty miserable

Mind you there was a bit of a run up over last few days.

Tomorrow probably be better ……allowing the real market movers to absorb the detail eh

[sb9]

Nearly got to 5 bucks then ASX opened …..what happened

Well, such is the market. Give it few more days and see what turns out. I’m happy to hold out until a buyout by Booking or take profits when it hits double digit in price.

[LaserEyeKiwi]

Lol what happened to the share price yesterday?

Very encouraging results.

Maybe it will take a few days for market to digest.

[Balance]

Lol what happened to the share price yesterday?

Very encouraging results.

Maybe it will take a few days for market to digest.

Comfortable for sp to come back to around $4.00 - sense a few traders out there who bought around that level in anticipation of a good result and they have been flipping out.

Good on them to make the market.

Playing the long game on this one.

Do not want to wake up one morning, find that there's a $10 offer on the table and one does not have any shares!

[daveypnz]

Three days of heavy selling. Disappointing.

[winner69]

Pretty amazing appointment

Endorsement by a clever guy as to what Serko are doing and how great they can be


http://nzx-prod-s7fsd7f98s.s3-websit...437/411713.pdf