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Thread: SKO - Serko.com

  1. #661
    percy
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    Easy money.
    Share price today $3.31.
    Option conversion price $3.32.
    Options expire 18th April 2024.ie in over 5 years time.!
    No incentive at all.
    Last edited by percy; 19-03-2019 at 09:20 AM.

  2. #662
    Legend Balance's Avatar
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    Quote Originally Posted by percy View Post
    Easy money.
    Share price today $3.31.
    Option conversion price $3.32.
    Options expire 18th April 2024.ie in over 5 years time.!
    No incentive at all.
    1,985 options issued so it's neither here nor there from a shareholder's point of view.

    But can be hell of an incentive for the young staff coming through - encourages the good ones to stay and build up their stake while contributing to the success of the company.

    I worked for a company which issued similar options to us youngsters. The $$$ which came my way after a few years with said company came in very handy when paying down my mortgage!

  3. #663
    percy
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    Incentives for performance worked well for EBO.
    Options for non performance, justs transfers wealth from shareholders to staff,with no benefit to shareholders.

  4. #664
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    Quote Originally Posted by percy View Post
    Easy money.
    Share price today $3.31.
    Option conversion price $3.32.
    Options expire 18th April 2024.ie in over 5 years time.!
    No incentive at all.
    For the options at 3.32 to be of significant value...then the share price has to rise quite a bit. Say to $4.50 !!! So to issue them at 3.32...and consider them as an incentive to staff, the company must be confident of their future and therefore that the share price will indeed rise.

    That is why I considered that the option price of 3.32 to be encouraging.
    Time will tell !

  5. #665
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    In absence of any real Serko news at the moment:

    @SerkoOnline
    We're honoured to have been named as a finalist in the @NZHiTechAwards for Most Innovative Service for @zeno_travel and Company of the Year. We congratulate all the finalists and look forward to celebrating and supporting NZ tech leadership at the awards dinner!

  6. #666
    Outside thinking.
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    Looks like Harbour have been increasing their holding up to 10.3% from about 9.3%, buying and selling and generally playing with the SP......

    "In the 4 month period to 5 April 2019, as part of normal on-market trading activity under discretionary investment mandates, Harbour Asset Management Limited purchased 675,651SKO ordinary shares for total consideration of $1,921,501 and sold 64,578 SKO ordinary shares for total consideration of $207,007.....

    In the 4 month period to 5 April 2019, as part of normal on-market trading activity, First NZ Capital Securities Limited purchased 552,770 SKO ordinary shares for total consideration of $1,684,926 and sold 464,467 SKO ordinary shares for a total consideration of $1,425,355.

    (.... or maybe I'm being too harsh......you decide. Next update, SKO annual results due 22 May. )
    Last edited by Leftfield; 08-04-2019 at 03:51 PM.

  7. #667
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    Bit of luck they will drive the price back down to pre-christmas levels before the annual results are due out so I can load up with some more.

  8. #668
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    Quote Originally Posted by Left field View Post
    Looks like Harbour have been increasing their holding up to 10.3% from about 9.3%, buying and selling and generally playing with the SP......

    "In the 4 month period to 5 April 2019, as part of normal on-market trading activity under discretionary investment mandates, Harbour Asset Management Limited purchased 675,651SKO ordinary shares for total consideration of $1,921,501 and sold 64,578 SKO ordinary shares for total consideration of $207,007.....

    In the 4 month period to 5 April 2019, as part of normal on-market trading activity, First NZ Capital Securities Limited purchased 552,770 SKO ordinary shares for total consideration of $1,684,926 and sold 464,467 SKO ordinary shares for a total consideration of $1,425,355.

    (.... or maybe I'm being too harsh......you decide. Next update, SKO annual results due 22 May. )
    Harbour bought at average of $2.84 and sold a few at an average of $3.20.

    FNZC bought at average of $3.05 and sold at average of $3.07.

    Overall, they bought a net 699,376 shares in Serko during the 4 months.

    All power to them, I say - it is great to have a believer and committed investor like Harbour & its principal shareholder, FNZC, make a market in Serko to provide liquidity and depth.

    And they seem to invest well - taking the opportunity to take off the top when prices are a bit over-cooked and hoovering up stock when the inevitable 'Black Mondays' see some holders panic out of their stocks.
    Last edited by Balance; 09-04-2019 at 07:06 AM.

  9. #669
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    I read an interview with fund managers in OZ talking about growth offshore and the talk came to CTD, Flight Centre, ATPI and the consensus was that it would be better to invest Serko as it's the underlining software powering these companies and Serko has actual growth potential in the US.

  10. #670
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    Nice to hear, thanks Silu. I reckon we are going to see some v positive action on SKO this year. From a TA perspective the up trend is still in play and the bollinger bands are getting squeezed for the next leg up IMHO.

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