SEK – Morgans rates the stock as Hold
Hold retained and target price rises to $29.64 from $27.14.
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Sometimes You Can’t Win for Losing
Strong results and increased dividends from SEEK, Ansell and Monadelphous weren’t enough to satisfy the market, with each company’s shares falling in Tuesday’s ASX session.
Read MoreShareholders Get What They Were Seeking
Recruitment group Seek has confirmed the long-awaited bonus dividend for shareholders and upgraded its outlook based on the performance of its Australasian job ads businesses.
Read MoreBoardroom Moves, Flat Profit Sees Seek Sold Off
Shares in recruitment group Seek sold off on a basket of news yesterday: no dividend + new CEO and Chairman + flat earnings = shares down 7%.
Read MoreSEK – UBS rates the stock as Neutral
Seek’s announcement in early November on phasing out job ad templates will help the company lift depth penetration, suggests UBS, and reminds the broker of the strategy followed by REA Group ((REA)) and Domain Holdings Australia ((DHG)).
Read MoreSeek Confirms Softer Result As China Story Leaves Investors Cold
Online recruitment group Seek was another leading company (like IAG last Friday and Downer EDI, also yesterday) to confirm previously announced write-downs, losses, and impairments, and no final dividend.
Read MoreSeek Drops Dividend In Favour Of “Flexibility”
Online jobs group, Seek has made the early decision to drop its final dividend for the 2019-20 financial year to allow it to build up its financial reserves for the coming financial year.
Read MoreSEK – Credit Suisse rates the stock as Outperform
Seek has guided to FY20 being slightly ahead of Credit Suisse’s estimates, expecting operating earnings (EBITDA) of $410m.
Read MoreSeek Investors See Through Brazil, Mexico Writedowns
Investors treated the shares of Seek, the jobs group, nicely yesterday despite the company signaling a big round of asset impairments, an after-tax loss and casting doubt on the final dividend for the 2019-20 financial year.
Read MoreSEK – UBS rates the stock as Neutral
The company has signalled the upcoming changes to contract structure, effective July 1. Concessions will cease and recruiters/corporates on subscriptions will transfer back to minimum dollar commitments.
Read MoreSeek Delays Dividend, McGrath Drops Guidance
Seek was another company yesterday to withdraw its earnings guidance and postpone the payment of dividends because of the COVID-19 pandemic.
Read MoreCautious Seek Cuts Payout
Online jobs listing provider Seek has slashed its interim dividend after warning about the potential fallout from the coronavirus crisis which is worsening outside of China.
Read MoreSEK – Morgan Stanley rates the stock as Overweight
FY19 earnings were in line with expectations. First time guidance for FY20 is for revenue growth of 15-18%, ahead of Morgan Stanley’s forecasts.
Read MoreSeek Realigns “Growth Aspirations”
Online jobs listing and employment services group sprang a major surprise on investors yesterday by revealing plans to rejig its dividend payout policy that could very well see the company reward shareholders with smaller payments in coming years.
Read MoreSofter Seek Steps Up Expansion Plans
For some odd reason shares in online employment services group Seek rose yesterday, despite the company warning of a possible dip in full-year earnings because it was stepping up investment in early-stage ventures.
Read MoreSeek Set To Find A Slower Year
While Online jobs site Seek told the market yesterday that expects to report full-year earnings and revenue at the top end of its guidance range – despite revealing three significant items totalling $142 million – investors just didn’t believe the positive spin and sent the shares down 9% at one stage.
Read MoreSeek Finds Growth At Home
Australian job classifieds website business Seek has lifted dividend one cent a share to 24 cents a share after reporting perkier interim results yesterday for the first half of 2017-18.
Read MoreSeek Shares Slip Despite Upgrade
Those hard to please investors were up to it again yesterday selling off shares in jobs group, Seek, despite an improved earnings guidance upgrade at yesterday’s annual meeting
Read MoreEducation Arm Provides Tough Lesson For Seek
On line jobs and education group, SEEK (SEK) has reaffirmed its full-year profit guidance, but says it expects its struggling education arm will damage those results to the tune of a $24 million blob of red ink.
Read MoreSeek Finds 27% Profit Increase, More Ahead
Online jobs group, SEEK is looking at a 10% boost to earnings this financial year after reporting its strongest domestic full-year revenue growth in five years in the year to June.
Read MoreSeek investors react poorly on news of deeper moves into Brazil
Investors didn’t take kindly to the update and news of a move deeper into the Brazil and Asian labour markets yesterday from jobs website group, Seek.
Read MoreIDP Sale Lifts Seek
The stockmarket listing of education business IDP and strong revenue growth across its Australian and international businesses have contributed to an apparent surge in the first-half profit for recruitment group, SEEK (SEK).
Read MoreSeek Slumps On Profit Warning
Seek (SEK) shares fell heavily yesterday after it revealed problems with a key NSW contract in its latest trading update.
Read MoreSeek Shares Punished Despite Digher Divie
The ageing of jobs and education search group Seek (SEK), from hot online growth stock, to mature online giant continued yesterday when the market turned its back on what seems to have been a reasonable interim result.
Read MoreSeek Sees Better Trading Conditions
Jobs search website group SEEK (SEK) said yesterday that while it had been enjoying better-than-expected trading conditions so far this financial year, the improvement wasn’t enough to cause it to lift earnings guidance for 2014-15.
Read MoreSeek Maintains Guidance For The Year
Despite an upbeat profit update and presentation to the Macquarie Australia conference in Sydney yesterday, shares in online jobs group, SEEK (SEK), ended just 1% lower at $17.13, after falling by 2% in early trading.
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