SiteMinder Limited

ASX:SDR

SiteMinder Limited

ASX:SDR
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$6.76 (-0.6%)
Last close price
#34
Rank
16
Held by
35
Followers
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Reports (4) My Report Forum Investors
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Consensus
Mujo
Company Report
Last edited a month ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#12
Performance (40m)
2.9% pa
Followed by
69
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#Trading
Mujo
Added a month ago
View author's company report

Anyone aware of who bought so aggressively?

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#Broker Coverage
Mujo
Last edited 5 months ago
View author's company report

Morningstar imitating with a $10 price target.

Same points made:

  • $40M of cash and move to CF positive in FY25.
  • Expect metrics to adopt that of a platform as the channel manager industry consolidates - SDR being the leader at double other market shares at 5% - natural winner (some risk this does not happen). SDR then becomes natural choice lowering customer acquisition costs.
  • Attraction to hotels to use SDR due to operating leverage from incremental guests despite dominance of Booking.com and Expedia.