Any thoughts on Seek listing tomorrow?

[Mr_GQ]

Just wanted to see if anyone had any thoughts on the Seek.com.au(SEK) listing for tomorrow?

 

[markrmau]

Packer and the directors didn't want to see their company get the crap hammered out of it on the first day.

(Regardless of the intrinsic value of the company)

 

[taurus]

Did anyone here buy into it?

Should be rather interesting, apparently a debt-free co.?

 

[Mr_GQ]

Did anyone here buy into it?

Should be rather interesting, apparently a debt-free co.?

After reading a heap of info on them yesterday I thought give it a go. I missed the floate at 2.10 which was a shame as it opened at 2.15. Managed to get in first thing this morning at 2.15 and it ended the day at 2.30 with high volumes, so was a good start. We will see what happens tomorrow.
Good business and with the backing of Mr Packer not a bad one to have a look at.

 

[emily]

Is sek only an operating website ? where does its revenues come from? i read it on the paper today and started laughing... but gee, good start! :

 

[taurus]

Is sek only an operating website ? where does its revenues come from? i read it on the paper today and started laughing... but gee, good start! :

Yep, tis web-based only.

Revenues assumedly come from banner adverts & joblisting fees (if applic.).

Keep in mind this co is debt-free, and doesn't have to deal with the overheads $$$ involved in printing etc.

Pretty good business in my mind, I'm just not fussed on the job market

Few interesting articles:

Fairfax takes swipe at Seek

Seek jumps on listing

Seek and ye shall find a Packer windfall