SKO - Serko Limited

[System]

Serko Limited provides computer software solutions for the management and administration of corporate travel bookings in New Zealand, Australia, India, Singapore, the United States, and internationally.

It offers Serko Online, a cloud-based online travel booking solution for large organizations that provides global distribution systems (GDSs); and Serko Expense, a cloud-based expense management solution that allows users to manage cash claims, mileage, allowance, and corporate credit card expenses.

The company also offers Serko mobile, a mobile app for iPhones and android devices that gives users access to information and travel booking functionality on their mobile devices. The company sells and delivers its products through a network of travel management companies. Serko Limited was founded in 1994 and is headquartered in Auckland, New Zealand. Serko Limited is a subsidiary of Gullivers Travel Group Limited.

It is anticipated that SKO will list on the ASX during June 2018.

http://www.serko.com

 

[bigdog]

SKO 24/10/2019 8:44:33 AM 30 Capital Raising Investor Presentation
SKO 25/10/2019 8:56:09 AM 2 Serko Placement Fully Subscribed
refer uploaded announcement below

Today the online travel booking and expense management company’s shares returned from their trading halt after completing a capital raising. One of the cornerstone investors was travel giant Booking Holdings. The two parties will now expand their existing agreement so that Booking.com can offer and promote Serko Zeno to its business traveller customers. It will also enable the integration of new Booking.com content onto Serko Zeno.

317

 

[Country Lad]

Interesting movement in SKO.
Closed Tues 22nd at 349.
Opened Wed 23rd at 345 and fell to 296 at 10:35 a drop of 14% in the 35 minutes till the trading halt.

Then the announcements @bigdog posted.

All those who sold probably said to themselves oops, that was not a good idea because when the trading halt was lifted it opened at 400 (up 35%) on Fri 25th and closed at 429 (up 45%)

Today it closed higher again at 441. Looks like the market liked the involvement by Booking Holdings.

 

[Country Lad]

Looks like another BO this morning. I will take as confirmed if it closes at 444 or better.

 

[Parse]

Could be a good pick for 2020. Serko Limited, is a leader in online travel booking and expense management for business, recently raised NZ$45 million to accelerate its growth.

Travel booking giant Booking.com was a cornerstone investor in this capital raising.

That last line says a lot.

 

[Dona Ferentes]

That last line says a lot.

You mean they'll take SKO out if it becomes a threat?

 

[Parse]

Could be a takeover sometime in the future. But it means SKO have some credibility if booking.com decides to put their money there.

 

[Dona Ferentes]

That's a big drop for SKO ... and I'm not too sure any rebound will occur soon.

travel and expense technology solution in, used by over 6,000 corporate entities and Travel Management Companies

There's going to be much tentativeness among travelers; and the model for earning from these entities may be stretched.

 

[Dona Ferentes]

Disruption seems to have been digested and some stability returns, it would seem.

SKO, a leader in travel and expense management for business, today announces results for the year to 31 March 2023, with total income up 154%, reflecting strong growth and performance. Total income of $48 million was just ahead of the revised FY23 guidance range of $42 million to $47 million.


Summary of Financial Results:
• Total income $48 million, up 154%
• Average revenue per booking $9.56, up 65%
• Average revenue per completed room night €9.34, up 36%
• Online bookings of 4.1 million, up 93%
• Completed room nights on Booking.com for Business 1.5 million, up 381%
• EBITDAF loss of $21.8 million, a 23% improvement
• Net loss after tax of $30.5 million, a 15% improvement
• Cash and short-term deposits $87.7 million
• Underlying average monthly cash burn $2.7 million
• FY24 guidance for total income of $63 million to $70 million
All dollar amounts are New Zealand dollars unless otherwise stated.

And the SP lifted 37 per cent . Its been a long way back.

DNH

 

[Country Lad]

Disruption seems to have been digested and some stability returns, it would seem.

Onward and upward

SUMMARY FINANCIAL RESULTS1,2

• Total income of $36.3m, up 87%
• Online bookings of 2.5 million, up 26%
• Completed room nights on Booking.com for Business of 1.3m, up 192%
• EBITDAF loss of $0.8 million, a 96% improvement
• Net loss after tax of $7.2 million, a 64% improvement
• Average monthly cash burn of $0.6 million, an 84% improvement
• Increase to FY24 guidance for total income to $67 million to $74 million
All dollar amounts are New Zealand dollars, unless stated otherwise.

Still not in profit bu the improvement continues. I know nobody understands them but the P&F chart has a nice growth pattern.

Having said all that, the market is so-so about the result, down slightly.