17/05/2022 09:01

Seek Ltd (SEK) $25.40

At MM we’re often asked what’s our favourite beaten up tech name (s) and the answer is by definition dependent on the market/prices on the day however one that looks attractive today after its 34% correction is on-line employment business SEK which importantly has a strong degree of certainty around its earnings as opposed to the “smoke and mirrors” that carried much of tech stocks...

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17/03/2022 09:13

Seek Ltd (SEK) $29.96

On-line recruitment business SEK has corrected 20% from its 2021 high even though in February the company reported a 147% lift in earnings while its dividend bounced back to 3-year highs. As borders reopen, migrants return to our shores, and companies strive for staff we feel SEK is well positioned for the next phase of the economic playbook.

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15/02/2022 17:26

Seek (SEK) $29.47

SEK +6.08%: An impressive 1H22 result today from the online recruitment platform with revenue of $517m, 3% ahead of consensus while EBITDA was a ~10% beat highlighting the sort of operational leveraged in the business. They also upgraded guidance for revenue to be $1.05bn – $1.10bn for FY22 which was around ~5% better than prior guidance + market expectations.

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22/10/2021 09:13

Seek Ltd (SEK) $32.67

Late yesterday afternoon saw Goldman Sachs handle the $48m sale of shares for co-founder Andrew Bassett – the stock was sold just below $32 illustrating healthy appetite even at current lofty levels. Importantly this only represented about 10% of his stock and its was used to seed the new SEEK Growth Fund, nothing sinister here in our opinion.

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24/08/2021 16:24

Seek (SEK) $31.47

FY21 Result: Todays result was marginally ahead of company guidance however looking out to FY22 becomes more complicated given the launch of the Seek Growth Fund headed by Andrew Bassat. In short, we don’t have a handle on what this means for SEK earnings this FY and I doubt we’re alone. Looking for more clarity here to make a definitive call.

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24/08/2021 08:07

Reporting Today (AMA, ALC, AWC, ANN, ASB, BRI, BLD, CBR, EP1, EHE, OSH, MND, SKI, NTO, SCG, SEK, HUB, RDY, REH, KGN, VEA)

Companies reporting today include: AMA Group Ltd. (AMA), Alcidion Group Ltd. (ALC), Alumina Ltd. (AWC), Ansell Ltd. (ANN), Austal Ltd. (ASB), Big River Industries Pty (BRI), Boral Ltd. (BLD), Carbon Revolution Ltd. (CBR), E&P Financial Group Ltd. (EP1), Estia Health Ltd. (EHE), Oil Search (OSH), Monadelphous Group (MND), Spark Infrastructure (SKI), Scentre Group (SGC), Seek (SEK), Hub24 (HUB), ReadyTech (RDY), Reece (REH), Kogan (KGN), Viva Energy (VEA), Nitro (NTO)

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30/07/2021 09:27

SEEK Ltd (SEK) $30.06

On-line recruitment business SEK is illustrating perfectly the current manner in which a number of ASX stocks are failing both at new highs only then to experience a shallower pullback than would usually be expected:

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14/05/2021 09:16

Seek Ltd (SEK) $28.79

SEK made fresh all-time highs last week following a favourable trading update and currently appears to have simply come off the boil with some profit taking and general sector selling.

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06/05/2021 09:33

SEEK Ltd (SEK) $30.33

On-line job hiring company SEK saw its shares touch new all-time highs this week before peeling lower.

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23/02/2021 16:43

Seek (SEK) look to restructure

First half results were broadly in line with 1H20, about where the market was expecting – very little growth baked in for the full year in Seek. The result played second fiddle to broader changes at the company with ex-CBA boss Ian Narev set to take the reins on 1 July this year.

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