SKO - Serko.com

[Everwood]

Could someone give me a brief overview what was written in this NBR article that was published today? https://www.nbr.co.nz/subscribe/216678 Especially if there is anything noteworthy.

[Everwood]

There is 7 minute interview with CEO Darrin Grafton on NBR radio https://m.soundcloud.com/nbr-radio/nbr-radio-the-best-interviews-updated-daily

You will need to fast forward to about 2hrs 40mins 30secs to find the beginning of the interview.

[Balance]

There is 7 minute interview with CEO Darrin Grafton on NBR radio https://m.soundcloud.com/nbr-radio/nbr-radio-the-best-interviews-updated-daily

You will need to fast forward to about 2hrs 40mins 30secs to find the beginning of the interview.

Thanks for that.

Good story.

Happy holder here.

[Timesurfer]

Well that is an awkward development.
So much for the ASX listing - all the buyers must have headed over there?

[Jonboyz]

Serko has taken a major loss this week over 8%. Good time to invest or wait to see what develops here? I can't see anything wrong with this stock. I thought that listing in AU would give it a boost, not a trampling.

[blobbles]

Serko has taken a major loss this week over 8%. Good time to invest or wait to see what develops here? I can't see anything wrong with this stock. I thought that listing in AU would give it a boost, not a trampling.

Quite often happens with an Aus listing. Nobody really covering it their yet so not much interest. As long as their story doesn't change, not sure why you would sell? Seems to be just churning through the traders at the moment, not huge volumes. I wouldn't worry about short term lightly traded drops when fundamentals haven't changed. Some weakness in global tech stocks isn't helping.

[silu]

Pretty, pretty good:

MKTUPDTE: SKO: Serko Updates Market Guidance on Signing Flight Centre LOI

Serko Updates Market Guidance After Signing Letter of Intent with Flight
Centre Travel Group

Serko Limited (NZSX:SKO, ASX:SKO, 'Serko'), a leader in online travel booking
and expense management for business, today announced it has signed a Letter
of Intent (LOI) with Flight Centre Travel Group (FCTG) and raised its FY19
guidance range for revenue growth to 20% - 30% above FY18 (from 15% -30%
previously).

The LOI commits the parties to endeavour to negotiate a contract variation
incorporating the agreed principles set out in the LOI, intended to be
effective 1 September 2018, which would extend the existing partnership with
FCTG's corporate brands across Australia, New Zealand and Asia through to
April 2022 at a minimum, and also includes an expansion in territory across
North America to include USA, Canada and Mexico.

Under the LOI, Serko is immediately entitled to receive an ongoing
development contribution from FCTG through to April 2019, at a minimum. This
will enable FCTG to launch a unique product based on Serko's latest online
travel management technology.

This commitment, along with other Travel Management Company (TMC) agreements
previously signed by Serko and announced to the market, is expected to result
in an uplift in revenue in the second half of FY19. As a result, Serko raises
its FY19 guidance range for revenue growth to 20% - 30% above FY18 (up from
previous guidance of 15% - 30%).

In the event that a binding contract variation is agreed based on the
principles set out in the LOI, we expect that the FCTG relationship will
deliver further revenue growth in FY20 year as we recognise the full trading
benefit of the geographic expansion and implementation of the new technology.

Serko will provide a further update on performance and progress for the FY19
year at the Annual Shareholder Meeting to be held on 22 August 2018.

Ends

[Patient Panda]

Pretty, pretty good:

MKTUPDTE: SKO: Serko Updates Market Guidance on Signing Flight Centre LOI

Serko Updates Market Guidance After Signing Letter of Intent with Flight
Centre Travel Group

Serko Limited (NZSX:SKO, ASX:SKO, 'Serko'), a leader in online travel booking
and expense management for business, today announced it has signed a Letter
of Intent (LOI) with Flight Centre Travel Group (FCTG) and raised its FY19
guidance range for revenue growth to 20% - 30% above FY18 (from 15% -30%
previously).

The LOI commits the parties to endeavour to negotiate a contract variation
incorporating the agreed principles set out in the LOI, intended to be
effective 1 September 2018, which would extend the existing partnership with
FCTG's corporate brands across Australia, New Zealand and Asia through to
April 2022 at a minimum, and also includes an expansion in territory across
North America to include USA, Canada and Mexico.

Under the LOI, Serko is immediately entitled to receive an ongoing
development contribution from FCTG through to April 2019, at a minimum. This
will enable FCTG to launch a unique product based on Serko's latest online
travel management technology.

This commitment, along with other Travel Management Company (TMC) agreements
previously signed by Serko and announced to the market, is expected to result
in an uplift in revenue in the second half of FY19. As a result, Serko raises
its FY19 guidance range for revenue growth to 20% - 30% above FY18 (up from
previous guidance of 15% - 30%).

In the event that a binding contract variation is agreed based on the
principles set out in the LOI, we expect that the FCTG relationship will
deliver further revenue growth in FY20 year as we recognise the full trading
benefit of the geographic expansion and implementation of the new technology.

Serko will provide a further update on performance and progress for the FY19
year at the Annual Shareholder Meeting to be held on 22 August 2018.

Ends

That is excellent news. Flight centre also growing nicely so Serko should stand to cintinue to benefit. A close friend works in one of the top performing flight centre offices and sounds like they’re really on the ball and know how to motivate their sellers.

Disc; Not a holder, just like watching from the sidelines

[winner69]

Getting cosier with Flight must be good

Suppose new guidance is an ‘update’ but not an ‘upgrade’ except it’s obviously not going to be 15%-20%. They said - raised its FY19 guidance range for revenue growth to 20% - 30% above FY18 (from 15% -30% previously).

[Beagle]

Getting cosier with Flight must be good

Suppose new guidance is an ‘update’ but not an ‘upgrade’ except it’s obviously not going to be 15%-20%. They said - raised its FY19 guidance range for revenue growth to 20% - 30% above FY18 (from 15% -30% previously).

Claytons upgrade...how to have an upgrade without having an upgrade lol
Disc: Very small holding.