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24-06-2020, 09:24 AM
#1531
Originally Posted by sb9
Not a bad result considering the industry they operate in, that cap raise towards end of last year was good coincidence and at premium price too.
Agree with the last part - best timed capital raise in recent history, a BIG advantage for them right now.
But I'm not sure it would have been a great result anyway, even if Covid hadn't happened. If you add back the March month revenue to pre-Covid levels, you don't get a wonderful revenue growth figure for the year...certainly below my forecast expectations.
Ironically, Covid could be the 'saving grace' for them long term...it will have disrupted everyone, and they now have a great cash position thanks to that capital raise to manage their way through as competitors (potentially) fall by the wayside.
My 2 cents only of course.
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24-06-2020, 09:48 AM
#1532
Originally Posted by winner69
Hmm - $115,000 revenue per FTE and year is not that flash, isn't it? But then - they are a growth company, i.e. they just need to make sure revenue (and hopefully earnings) are growing faster than headcount. Would protect them as well from moving too fast into the difficult phase above 500 FTE's when companies need to tight up their processes or fall back.
Heard AIR is planning for a new normal (if & when we passed the Covid phase) in travel of 70% of previous traffic. Just wondering how this will impact on Serkos business?
I am sure they are an amazing company, but does today's share price really reflect a fair balance of risks and opportunities - or is this just based on "she'll be right"?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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25-06-2020, 09:19 AM
#1533
Anyone on conf call y'day following results announcement. Appreciate if you could summarise key points, couldn't dial in myself due to prior commitments. Will check if there's a transcript available from their website later on.
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25-06-2020, 10:33 AM
#1534
Originally Posted by sb9
Anyone on conf call y'day following results announcement. Appreciate if you could summarise key points, couldn't dial in myself due to prior commitments. Will check if there's a transcript available from their website later on.
https://publish.viostream.com/play/ndpapddnhkstaq
Link to y'day's conf call transcript for anyone interested.
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25-06-2020, 04:34 PM
#1535
Does Serko have a pivot strategy? I still am a big fan of Serko but have sold all my shares a while ago. Amazing how well the share price has held up with news likes these:
https://www.abc.net.au/news/2020-06-...-slow/12391042
"That means Joyce is expecting Australia's international border to remain closed, at least for tourists, until July next year."
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26-06-2020, 11:22 AM
#1536
Originally Posted by silu
Does Serko have a pivot strategy? I still am a big fan of Serko but have sold all my shares a while ago. Amazing how well the share price has held up with news likes these:
https://www.abc.net.au/news/2020-06-...-slow/12391042
"That means Joyce is expecting Australia's international border to remain closed, at least for tourists, until July next year."
The Q+A at the end of presentation in the link I posted will have some of your questions answered.
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03-07-2020, 03:34 PM
#1537
Member
Yesterday on NewstalkZB Heather du Plessis-Allan interviewed Darrin Grafton
https://www.newstalkzb.co.nz/on-air/...channel=fbp-97
Last edited by Everwood; 04-07-2020 at 08:13 PM.
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07-08-2020, 07:38 AM
#1538
Moving along with their business...
Ovation Travel Group becomes the latest Zeno reseller partner for North America - 5 Aug 20
https://www.serko.com/news/ovation-t...seller-partner
Acendas Travel becomes a Zeno reseller partner for North America - 23 Jul 20
https://www.serko.com/news/serko-and...ement-for-zeno
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07-08-2020, 11:36 AM
#1539
Originally Posted by sb9
Mmmm lots of head winds in the travel industry..... TA not looking great. AGM scheduled for 19 Aug going to be interesting.
Disc - SKO was my second largest holding however over the last 6 months I've reduced exposure and taken profits. Now less than 2% of my portfolio. Cautious hold for me.
As always DYOR.
Last edited by Leftfield; 07-08-2020 at 12:03 PM.
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07-08-2020, 12:27 PM
#1540
Originally Posted by Left field
Mmmm lots of head winds in the travel industry..... TA not looking great. AGM scheduled for 19 Aug going to be interesting.
Disc - SKO was my second largest holding however over the last 6 months I've reduced exposure and taken profits. Now less than 2% of my portfolio. Cautious hold for me.
As always DYOR.
It'll be interesting what unfolds on 19th Aug at the ASM. They sure have headwinds in the travel sector but they seem to adeptly navigating the ship by diversifying into other areas leveraging their SAAS expertise. Still have all of my holdings.
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