SEK 0.90% $20.92 seek limited

Ann: AGM - Chairman's Address to Shareholders, page-3

  1. 530 Posts.
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    Announcement was pleasing. The only problem I have is around valuation. No matter how you cut it with less than 500m of EBITDA and a market cap of over 12bn it is pricey. Obviously they are expensing everything they can and if they wanted to optimize the EV/EBITDA it could appear much more attractive. Still a company making the right calls in my opinion (apart from the early ventures equity allocation).
 
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