Investors buoyed by Serko, Tourism Holdings updates

Fri, 03 Apr 2020

Investors welcomed the latest updates from online travel app maker Serko and rental RV operator Tourism Holdings, both of which have been at the pointy end of the covid-19 travel restrictions.Serko shares climbed 10.5 percent to $2.10 after the company said it’s cutting costs to cap its monthly cash burn at $2 million until the end of the March 2021 financial year. With $42 million in the bank, Serko has plenty of money and it’s not exposed to refunds or credits from cancelled or postponed travel, it said.“Government subsidy programs in New Zea...

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