Forsyth Barr slashes Serko valuation

Forsyth Barr slashes Serko valuation
Chief executive Darrin Grafton says nothing has changed for Serko since November. (Photo: supplied)
Dan Brunskill
Forsyth Barr’s equity analysts have dropped Serko’s target price by more than a quarter, citing the impact of omicron and disappointing transaction volumes.Shares in the travel booking company traded as high as $8.30 in September last year but have fallen as low as $4.90 in the past few months.Jamie Foulkes, an analyst at Forsyth Barr, said this decline was a combination of falling prices in the global tech sector, the impact omicron had on travel, and disappointment about the volume of transactions from the Booking.com contract.&ld...

More Markets

Gamification – it’s coming for you
Opinion

Simon Robertson: Gamification – it’s coming for you

How smart companies game your life to make money.

Simon Robertson 01 Nov 2025
NZ stocks end firm after Sky, Vulcan, annual meetings
Markets Market Close

NZ stocks end firm after Sky, Vulcan, annual meetings

There were 84 rises and 54 falls on the main board.

Jamie Gray 31 Oct 2025
Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025
SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Dileepa Fonseka 31 Oct 2025