Seek is a high quality business that has been a core part of our portfolio for a few years. We like Seek for a number of reasons. These include its dominant market position and its ability to pull the pricing power lever. The company lived up to our expectations when... Show More
Late last month Australian online employment classifieds company Seek Limited announced it was in advanced discussions with majority owned Chinese compatriot Zhaopin regarding a potential privatisation at US$18 per American Deposit Shares (ADS). Typically, the receipt of a potential takeover offer is met with high fives amongst investors. However, in... Show More
Just months after shutting down its education broking business, SEEK (SEK) has upped the ante on education again, taking majority ownership of Online Education Services (OES). SEEK's decision to go deeper into tertiary education reflects a deeply ingrained view in SEEK management that the opportunity in education is as big... Show More
5400 continues to provide some resistance for Aussie stocks, with a weak wage number and greater chance for another interest rate cut not enough to keep buyers on the front foot. The ASX was off -39 points although there was decent individual stock moves. Show More
SEEK Limited (ASX: SEK) this week released a trading update that contained some disappointing news. SEEK’s learning division has not performed as well as hoped in the 2H15, and SEEK now expects the 2H15 NPAT to be broadly in line with the 1H15 – some 10% short of what was... Show More
Andrew Bassat apears optimistic on SEEK's domestic and international growth prospects. Domestically, Bassat says his isn't concerned by new market entrants such as Linkedin and remains focused on the job of matching people to opportunities. In our space there are always new entrants... We've managed to continue to grow our... Show More
SEEK results delivers significant growth across major metrics and punctuates with a 40% lift in dividend. Revenue lifted 38% to $380 million with NPAT up close to $20million to 87.4million from the PCP. SEEK CEO and Co Andrew Bassat said, This was a record half year result. The key drivers... Show More