SKO - Serko.com

[whatsup]

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).

Not to be under rated this partnership will just about be global atm and Im picking that eventually it will be, Im told by a travel ex that this is the bench mark for the travel industry and will be the norm eventually.

[Timesurfer]

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

My green arrow is looking a lot more healthy today than yesterday, so I am happy with the news!

[sb9]

Not to be under rated this partnership will just about be global atm and Im picking that eventually it will be, Im told by a travel ex that this is the bench mark for the travel industry and will be the norm eventually.

Agree 100%, they seem to be moving in the right direction.

Got some at the open this morning, will wait for further updates when they have their ASM on 22 Aug.

[silu]

Just announced

FFER: SKO: Serko announces underwritten NZ$15m Placement

Serko announces an underwritten NZ$15m placement to provide greater
flexibility to accelerate growth opportunities

Serko Limited (NZX:SKO, ASX:SKO, "Serko") is pleased to announce an
underwritten placement to raise approximately NZ$15 million ("Placement").
The Placement is underwritten by Deutsche Craigs Limited(i).

The Placement is underwritten at a price of NZ$2.75 per share, reflecting a
3.2% discount to the last traded price of NZ$2.84 on Monday, 6 August and a
5.6% discount to the 30-day VWAP of NZ$2.91.

The bookbuild will take place on Tuesday, 7 August 2018. Serko expects to be
in a position to make an announcement as to the outcome of the bookbuild
prior to the commencement of trading on Wednesday, 8 August 2018. There will
be no Share Purchase Plan in connection with the Placement, however certain
NZX participants will be invited to participate in the bookbuild on behalf of
their New Zealand and Australian retail shareholder clients.

The Placement is expected to provide Serko with funds to bolster its working
capital position and strengthen its balance sheet, giving Serko greater
flexibility to both accelerate organic growth opportunities and execute
potential acquisitions, including:

o Undertaking investments to drive revenue growth such as establishing
sales and support functions in new international markets;
o Accelerating product development and integration of local content and
functionality in international markets which are required in order to appeal
to a wider range of Travel Management Companies (TMCs) and corporate users;
and
o Providing funding capacity for potential acquisitions that deliver
additional customers, development capability and in-market infrastructure,
facilitating and enhancing the pace of Serko's expansion into new
geographies.

Additionally, the Placement is expected to deliver a range of ancillary
benefits such as increasing Serko's free float, providing greater liquidity
for investors and broadening the share register investor base by introducing
new shareholders.

Key dates(ii)
Conduct bookbuild for underwritten placement Tuesday, 7 August 2018
Trading halt on NZX and ASX(iii) Tuesday, 7 August 2018
Announce placement completion and resume trading Wednesday, 8 August
2018
Settlement for placement shares on the ASX register Thursday, 9 August
2018
Settlement for placement shares on the NZX register Friday, 10 August
2018
Allotment and trading of placement shares on NZX and ASX Friday, 10
August 2018

Further details
Further details of the Placement are set out in the Investor Presentation
lodged with NZX and ASX today.

Ends
For investor relations queries please contact:
Susan Putt
Chief Financial Officer, Serko
Phone: +64 9 309 4754
investor.relations@serko.com

[Balance]

Happy with the placement.

Fully underwritten at a modest discount to market price (means Underwriter has canvassed the market and knows the demand is there).

Principal shareholders and directors not selling down (read the sell down by Trilogy directors etc for when we know the top is probably reached) and we know they actually put in more money last placement at above market price.

Likely that most of the shares will go to Australian institutions and if well managed, should see them using the placement shares as a base to buy more shares on market.

Means Serko is promoting the story more - as they always do to support placements.

[Beagle]

Happy with the placement.

Fully underwritten at a modest discount to market price (means Underwriter has canvassed the market and knows the demand is there).

Principal shareholders and directors not selling down (read the sell down by Trilogy directors etc for when we know the top is probably reached) and we know they actually put in more money last placement at above market price.

Likely that most of the shares will go to Australian institutions and if well managed, should see them using the placement shares as a base to buy more shares on market.

Means Serko is promoting the story more - as they always do to support placements.

Happy with that and especially happy they are not asking me for more money. If they had of asked me I would refuse. Growth has underwhelmed me.
Disc: Very small holding and losing patience to be honest.

[Balance]

Happy with that and especially happy they are not asking me for more money. If they had of asked me I would refuse. Growth has underwhelmed me.
Disc: Very small holding and losing patience to be honest.

Doesn't sound like a stock for you, Beagle.

Probably time for you to move on as this stock reminds me of Diligent - going to be some 'interesting' times ahead.

I expect the sp to spike higher after the placement. So opportunity to let go.

Sincerely and no offense meant.

[Beagle]

Fair enough mate. I got sucked into the hype and agree that this one doesn't fit my normal investment style of real earnings or go home. Very small holding so not sure I can be bothered doing anything about it at this point.

[Timesurfer]

I started buying in earlier this year - up as much as 70% on some purchases.
Happy to ride this one for a while longer.
Will probably sell out when they sit alongside Xero.

[RTM]

I've had it since it listed. Intend to hold and enjoy the ride, uneven as it might be from time to time.
I'm wondering what the end game is.....will they be another Kiwi company that gets purchased by a bigger fish ?
Hope not....we need one of these to stick and become a big fish operating out of NZ.