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Thread: Serko

  1. #1471
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    Quote Originally Posted by macduffy View Post
    But it's not a question of whether or not it was ever only worth $1 but whether or not the business opportunity for the company has now been fundamentally damaged, at least for some time. It seems to me that it has been.
    You do not see good farmers sell their farms because of the one season or year of drought.

  2. #1472
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    Still a solid long term hold in light of corporate travel not disappearing. I do forsee an incredibly shaky road with next few quarter reports showing horrendous figures which may dip the SP, but perhaps 87c is a little too low for a company which booking.com has a chunk in

  3. #1473
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    Quote Originally Posted by Cadalac123 View Post
    Still a solid long term hold in light of corporate travel not disappearing. I do forsee an incredibly shaky road with next few quarter reports showing horrendous figures which may dip the SP, but perhaps 87c is a little too low for a company which booking.com has a chunk in
    It is only 4% to my understanding
    Chump change. Enabling them to keep an eye on a promising company.
    How many others do booking.com have an interest in ?.

    Having said that..

  4. #1474
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    Quote Originally Posted by Balance View Post
    You do not see good farmers sell their farms because of the one season or year of drought.
    In fact, good farmers buy up their neighboring farms which are badly managed and highly geared.

  5. #1475
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    Sincerely hope nobody listened to the doomsday merchants & posters and sold Serko below $1.00.

    If you want to sell, sell today.

    Ebb and flow of the market - institutions realized that market (and stocks like Serko) is oversold and taking the opportunity to buy back shares they probably sold out at much higher prices.

    Eg. Milford sold 1m shares at around $4.80 - imagine how delicious it is for them to buy back at under $1?

    http://nzx-prod-s7fsd7f98s.s3-websit...568/318316.pdf

    Sincerely meant - not being sarcastic. We are all hurting from the carnage.
    Last edited by Balance; 27-03-2020 at 09:20 AM.

  6. #1476
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    Quote Originally Posted by Balance View Post
    Sincerely hope nobody listened to the doomsday merchants & posters and sold Serko below $1.00.

    If you want to sell, sell today.

    Sincerely meant - not being sarcastic.
    Topped up in the low $1 range and sold some of them late yesterday. This big jump up makes no sense to me so I took the opportunity to de risk before it dives down again. Slept better last night so it was a good decision for me.

  7. #1477
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    Quote Originally Posted by RupertBear View Post
    Topped up in the low $1 range and sold some of them late yesterday. This big jump up makes no sense to me so I took the opportunity to de risk before it dives down again. Slept better last night so it was a good decision for me.
    Well done, RB.

    Been a bruising market and definitely still more pain to come but I think the worse is behind us.

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    Quote Originally Posted by Balance View Post
    Well done, RB.

    Been a bruising market and definitely still more pain to come but I think the worse is behind us.
    And up and up it goes, looks like I should have waited, oh well such is life

  9. #1479
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    Quote Originally Posted by Balance View Post
    ....Been a bruising market and definitely still more pain to come but I think the worse is behind us.
    I am also heartened by SKO's resurgence as it is my 2nd biggest holding after A2. However, I'm not so sure "the worst is behind us."

    USA's Corona-19 infections and death rates are going to surge and when that happens I suspect Wall Street will get hammered again.

    Likewise Australia is not handling things well, so although I would like NZX to be immune from ASX and Wall Street, I think we are due for more downward pressure to come.

    Hope I'm wrong though!!

  10. #1480
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    Quote Originally Posted by Left field View Post
    I am also heartened by SKO's resurgence as it is my 2nd biggest holding after A2. However, I'm not so sure "the worst is behind us."

    USA's Corona-19 infections and death rates are going to surge and when that happens I suspect Wall Street will get hammered again.

    Likewise Australia is not handling things well, so although I would like NZX to be immune from ASX and Wall Street, I think we are due for more downward pressure to come.

    Hope I'm wrong though!!
    Tend to agree with you.

    Worse behind us - I mean we will not see Serko at under $1 again.

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    Quote Originally Posted by Balance View Post
    Tend to agree with you.

    Worse behind us - I mean we will not see Serko at under $1 again.
    Unfortunate.
    While it is nice to go to bed knowing you have wads of cash under the mattress so to speak, I wouldn't have minded a few more. Didn't expect the bounce to be quite as quick and high. It is only day 2 of lock down though .. by day 28 cabin fever might have set in and people will revert to the irrational behaviour that took it down to $1 in the first place.
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

  12. #1482
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    Quote Originally Posted by Left field View Post
    I am also heartened by SKO's resurgence as it is my 2nd biggest holding after A2. However, I'm not so sure "the worst is behind us."

    USA's Corona-19 infections and death rates are going to surge and when that happens I suspect Wall Street will get hammered again.

    Likewise Australia is not handling things well, so although I would like NZX to be immune from ASX and Wall Street, I think we are due for more downward pressure to come.

    Hope I'm wrong though!!
    Due to my DCA/nibbling/catching the falling knife on its way down SKO ended up being my biggest holding, this did not feel ok, hence my ditching a few, still have a decent number though so I am as happy as a Bear can be in a Bear market

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    Quote Originally Posted by RupertBear View Post
    Due to my DCA/nibbling/catching the falling knife on its way down SKO ended up being my biggest holding, this did not feel ok, hence my ditching a few, still have a decent number though so I am as happy as a Bear can be in a Bear market
    Good on you RupertBear! I sold 25% of my holding on the way down, realised some gains and lowered my Av Holding Price. So I'm now 'well positioned', but wish I had purchased some at the $1.00 mark!! Maybe next time!!

    FYI in our neighbourhood during lockdown, the local kids are entertaining themselves by going on 'bear hunts', spotting 'hiding' teddy bears in house windows, cars, letterboxes etc. I haven't spotted you yet!

  14. #1484
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    Quote Originally Posted by Left field View Post
    Good on you RupertBear! I sold 25% of my holding on the way down, realised some gains and lowered my Av Holding Price. So I'm now 'well positioned', but wish I had purchased some at the $1.00 mark!! Maybe next time!!

    FYI in our neighbourhood during lockdown, the local kids are entertaining themselves by going on 'bear hunts', spotting 'hiding' teddy bears in house windows, cars, letterboxes etc. I haven't spotted you yet!
    I live with my Mother in Nutwood Left field and I do spend some of my time peeping out the window while we are in lockdown. If you are in the neighbourhood and see a handsome regal looking Bear in a window that may be me so please give me a wave

  15. #1485
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    As a Serko holder I wish to add my totally irrelevant bit.

    We have a very old (109yrs) Steiff bear sitting (propped up) in our 'front' window. He (I think) is not very tall, about 30cm's, and is very worn, as every bear worth his salt should be.....

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