SKO - Serko.com

[winner69]

Suppose one has to keep the faith in Serko after the announcements this morning

New cornerstone shareholding in Bookings, Director and management sell down ......big end of town gets first dibs at cheap share while small retail investors get the crumbs and dilution.

[trader_jackson]

Suppose one has to keep the faith in Serko after the announcements this morning

New cornerstone shareholding in Bookings, Director and management sell down ......big end of town gets first dibs at cheap share while small retail investors get the crumbs and heavy dilution.

And profit turned into a loss... will be interesting to see how the share price holds up

[winner69]

And profit turned into a loss... will be interesting to see how the share price holds up

Punters will love these moves .....share price $5 plus by Xmas

[trader_jackson]

And profit turned into a loss... will be interesting to see how the share price holds up

I could never understand how this was $4 (even reaching over $5.50)... always thought it was pretty cooked at those valuations... and even now at $2.90 it is now back to 'reasonable', however there is now this virus thing, so really should be sub $2... $270m company with over 10x market cap to revenue ratio, NTA of just 11 cents and (perhaps most importantly) a short and/or patchy record when it comes to growth... so not really sure where the 'value' was to support a $500m+ market cap a short time ago, but I can certainly understand why it was 30 cents about 3 years ago.

[Balance]

Deleted and edited.

[carrom74]

I could never understand how this was $4 (even reaching over $5.50)... always thought it was pretty cooked at those valuations... and even now at $2.90 it is now back to 'reasonable', however there is now this virus thing, so really should be sub $2... $270m company with over 10x market cap to revenue ratio, NTA of just 11 cents and (perhaps most importantly) a short and/or patchy record when it comes to growth... so not really sure where the 'value' was to support a $500m+ market cap a short time ago, but I can certainly understand why it was 30 cents about 3 years ago.

And surprisingly it's is one of our ST's top 5 picks!

Ouch..

https://sites.google.com/view/nzsharepicks

[Balance]

And surprisingly it's is one of our ST's top 5 picks!

Ouch..

https://sites.google.com/view/nzsharepicks

So?

Cool as chilled champagne with caviar on a lovely warm autumn's evening overlooking the harbour.

I could never understand how this was $4 (even reaching over $5.50)... always thought it was pretty cooked at those valuations... and even now at $2.90 it is now back to 'reasonable', however there is now this virus thing, so really should be sub $2... $270m company with over 10x market cap to revenue ratio, NTA of just 11 cents and (perhaps most importantly) a short and/or patchy record when it comes to growth... so not really sure where the 'value' was to support a $500m+ market cap a short time ago, but I can certainly understand why it was 30 cents about 3 years ago.

One word - Diligent

None other than the high profile Milford & (supposedly highly respected) Brian Gaynor got that one horribly wrong.

Why? Probably because they were reading some of the alarmist postings* on ST from certain posters when the sp dropped by 50% and then, proceeded to put on 200% after that.


* Word is that they were themselves actively bad mouthing the stock.

[sb9]

So?

* Word is that they were themselves actively bad mouthing the stock.

So that they fill their boots at lower levels.

Loving these price level, will get a bigger fill for long term (5yr+) once things settle down a bit.

[Balance]

So that they fill their boots at lower levels.

Loving these price level, will get a bigger fill for long term (5yr+) once things settle down a bit.

Yup - they sold out, proceeded to bad mouth the stock in the media at every opportunity, spooked the hell out of the nervous who bailed out all the way down to $2.56 from $6.00+ - and then, as we all know, DIL was taken over at over $7.00.

I believe a complaint was made to the FMA or NZX that Milford was attempting to buy back the shares they sold out at the lower prices? There were definitely rumors in the market to that effect.

[trader_jackson]

I could never understand how this was $4 (even reaching over $5.50)... always thought it was pretty cooked at those valuations... and even now at $2.90 it is now back to 'reasonable', however there is now this virus thing, so really should be sub $2... $270m company with over 10x market cap to revenue ratio, NTA of just 11 cents and (perhaps most importantly) a short and/or patchy record when it comes to growth... so not really sure where the 'value' was to support a $500m+ market cap a short time ago, but I can certainly understand why it was 30 cents about 3 years ago.

Just 3 days after this was posted, sub $2 is now certainly insight... low - mid $1's would make SKO somewhat attractive I would think.