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Thread: Serko

  1. #21
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    $67M cap, $17M-$22M raise, $1.10, 24 June. Listing on the main board: Full IPO.

  2. #22
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    Quote Originally Posted by Schrodinger View Post
    IPO? Serko gears up for 'significant company announcement' today


    Serko says it will announce a "significant company announcement" today at 11am.
    The travel software company, which has doubled in size to around 100 staff over the past year, has ( Copyright Protected - The National Business Review 2) been the subject of NZX and ASX listing speculation.
    The recent announcement of high-powered new board members further stoked the IPO rumours.
    Serko's cloud software is used by travel agents, ( Copyright Protected - The National Business Review 99) disrupting the behemoth systems like Galileo that have been used for eons.
    The Auckland company has also started selling its system to the likes of large Aussie mining outfits, who use to ( Copyright Protected - The National Business Review 29) coordinate and get the best price for massive FIFO (fly in-fly out) movements of staff between urban areas and mines as they work two weeks on, two weeks off.
    Privately held Serko has not ( Copyright Protected - The National Business Review 71) released financials, but the latest TIN100 report says its 2013 revenue was $5.3 million – the same figure as the study estimated for 2012.
    If HR is anything to go by, the company is ( Copyright Protected - The National Business Review 13) growing at a rapid clip.
    Founder Darrin Grafton told NBR in March, "We have grown from 42 to 94 staff in 12 months to support the growth with at least 30 more staff required in the short ( Copyright Protected - The National Business Review 2) term."
    At that time, as a tech stock backlash hit the Nasdaq, ASX and NZX, Mr Grafton was cool on IPO talk.
    Today, things could be heating up again.
    Already there's been one IPO sign, ( Copyright Protected - The National Business Review 39) with the company noting on March 3 that its newly-appointed CFO Tim Bluett has experience with "high-profile, publicly listed companies including Telecom New Zealand, British Telecom, and Cable ( Copyright Protected - The National Business Review 2) & Wireless."
    Serko was part of NZX and ASX-listed Gullivers Travel Group until Gullivers was bought by Australia's S8. Co-founders Mr Grafton and Bob Shaw bought it back in ( Copyright Protected - The National Business Review 57) 2007.
    I think that story is copy right protected

  3. #23
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    public announcement?

  4. #24
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    Does anyone know how you can buy shares.

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    I am unsure of this one, still reading through all the info. Any thoughts..?

    Cheers,
    MPC

  7. #27
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    I'm not convinced on this one. It seems a few years before they will be profitable. Currently 95% focused in Aussie, so reliance on a single market, will they be able to crack asia?

  8. #28
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    Shares are extremely hard to get - I believe only available from brokers who are bidding for stock.

    Meanwhile, Chairman is taking $1m worth at same price as other investors and there is a lock up of directors' shares until 2016.

    Looks good.

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    http://www.stuff.co.nz/business/wome...ity-of-thought

    looks like pretty good mgmt and have big plans in place, will def be oversubscribed

  10. #30
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    I emailed asb and they are not participating. Sound like you just apply for them directly? Interesting that Asb are participating in gen track but not serko. Maybe because gen is a dual listing? Serko is definitely my favourite of the two but still need to do more research. Neither seems entirely cheap tbh.

  11. #31
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    Quote Originally Posted by Wolf View Post
    I emailed asb and they are not participating. Sound like you just apply for them directly? Interesting that Asb are participating in gen track but not serko. Maybe because gen is a dual listing? Serko is definitely my favourite of the two but still need to do more research. Neither seems entirely cheap tbh.
    Only 2 brokers can get stock for Serko in the retail pool - UBS and FNZC?

  12. #32
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    Quote Originally Posted by moosie_900 View Post
    ANZ securities not participating either. Who is?!?!
    Moosie Craigs are

  13. #33
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    Apply directly thropugh the SerkoIPO page when it opens 4th June: www.serkoshareoffer.co.nz

    Interesting board. Would prefer an influential Australian to get access to corporate accounts. They have one who has connections through IOD, but need another who has large corporate links. Not convinced about Claudia.

  14. #34
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    Quote Originally Posted by Schrodinger View Post
    Apply directly thropugh the SerkoIPO page when it opens 4th June: www.serkoshareoffer.co.nz

    Interesting board. Would prefer an influential Australian to get access to corporate accounts. They have one who has connections through IOD, but need another who has large corporate links. Not convinced about Claudia.
    Claudia looks pretty good to me

  15. #35
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    Are you investing Couta? I need to know.

  16. #36
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    Quote Originally Posted by Schrodinger View Post
    Are you investing Couta? I need to know.
    Agree. Might be the only bit of DD I do on this one.

  17. #37
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    Smile While the motor bike is being serviced

    So been around for a few years, have grown in that time, not quite been profitable and now going for a big bang with other peoples money.

    Speccy play but with a lower risk than some companies I could mention.

    Maybe buy some for the diversified portfolio of 'things that maybe'.

    Best Wishes

    Disc: These are my opinions, not investment advice.

  18. #38
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    Looks really good. Will definetely apply for some at the IPO.

  19. #39
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    I've read enough in the Investment Statement to throw some money towards this IPO. Interested in your thoughts and how many here are planning to participate?

  20. #40
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    I like the fixed price, small capital raise. Founders taking some money out but subject to a long lockup on the rest, confidence by the chairman.

    The business is harder to assess. The reliance on TMO is a bad thing(?) as they would be more likely to change to a competitor than a company(?). Why isn't the app out already?

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