This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

SEK - Seek Limited

Jump to new
I was looking at pulling the trigger when SEK dipped to about $12/share but dithered as I was trying to account for the effect of the discontinuing operations on the fundamentals.

I've only skimmed the results announced this morning to the market, but SEK has taken off like the proverbial rocket. Up to almost $16/share (15% rise today).
 
Funny, I had the same sort of thought process. Wasn't helped by reading some muppet analyst recently saying Seek was expected to under perform this reporting season. The other thing making me pause on this business is I can't work out what sort of inroads a business like Linkedin is likely to make on Seeks model in the future.
 
Hi,

Seek (ASX:SEK) announced its H1 FY14 results today and very good they were.

​

The results presentation can be read here:- http://stocknessmonster.com/news-item?S=SEK&E=ASX&N=402288

The chart shows you that the stock has tried breaking through the $13.50 mark on no fewer than 5 times recently (including yesterday). But obviously the market liked what it heard/read today and sent the stock up to an ATH of $16.24c, before falling back to close at $15.70 (still a 17.48% rise) on the day. The volume (9.5M) was also the highest since last August. So where to now, fellow followers?

​

Regards
PB
 

That's also affecting my thoughts about SEK. LinkedIn is fast becoming a valuable resource for people, primarily in professional sectors, looking for jobs.

The other long-term concerns I have about SEK are the capacity for SEK to properly compete with some of the online job search juggernauts that stride across the landscape in the USA (for example).

It seems to me that a lot of SEK's growth this half was driven by its international operations. I wonder how sustainable such growth will be in the medium term.
 

How many people do you know who got a job through LinkedIn? I know there are some industries where it is becoming popular, but I just don't think anyone's pool is ever wide enough to not use classified advertising. I see things like LinkedIn as being complementary to traditional advertising, rather than replacing it.
 

Im with you on this one McLovin.
I see LinkedIn as a good way to 'poach' employees, but I still see seek as the 'go-to' page for any job search...
 

Completely different market, but over here i have had about 5 job offers (actual offers to interview) in about 8 months all via LinkedIn.

So here in the US LinkedIn is a massive hiring tool
 
prawn_86 said:
Completely different market, but over here i have had about 5 job offers (actual offers to interview) in about 8 months all via LinkedIn.

So here in the US LinkedIn is a massive hiring tool
Click to expand...

Sure, but are job sites in the US noticing a fall in volume? I guess my point was the these social media sites are being used in addition to, rather than instead of.

Of course if LinkedIn started doing something like a classified section then it could be bad news because they'd have the critical mass of visitors already visiting their website.
 
looked like a good short at 17.20 to me.
Still looks like it.
 
Watching YMYC last night and Ben (can't remember his last name) said that SEEK have a partner in China called Zhaopin that could bode well for them. Probably the number of workers accessible in China but the plug could be a bit over blown too. Not a holder myself.
 
pe was still high last time i looked. not sold on growth prospects to justify it, potential for disruption is high if not already happening.
 
I think it looks like a good buy around 12. The market has punished it because its investing in its future growth, more companies should be doing this instead of paying out larger dividends.
 
Does anybody know when seek is to report its numbers? I thought is was meant to be on the 16th.
 
similar to TLS (see my post from earlier today), SEK looks also set to make a Higher High which, if it eventuates and doesn't prove a false break, would signal a trend reversal.


Right now, I don't hold, and, as always, DYOR
 


Seek appears to be gradually regaining ground since it's low of $16.27 in early January of this year.
 
Back on the radar again (I hold).
Weekly chart (with a little oscillator for tech/a )

(click to expand)
 
Another stock making ATH's !!!

SEK closed $24.01 after reaching $24.09. looks pretty strong and might keep going.

not held unfortunately.....
 
You must log in or register to reply here.

Similar threads

TME - Tungsten Metals Group
Replies
1
Views
946
Dona Ferentes
RNV - ReNerve Limited
Replies
1
Views
444
Dona Ferentes
ARMR - Betashares Global Defence ETF
Replies
4
Views
497
Garpal Gumnut
2025 Full Year Stock Tipping Competiton
7 8 9
Replies
177
Views
12K
mullokintyre
Revisit and rehearsal on WETT a.k.a Weekend Trend Trader (WETT)
Replies
0
Views
684
bettamania
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...