Disclosure: I do not own this stock nor shorting this stock.
I own SEK before and sold it before March 2020. I was interested to buy it back later but hence this stiock is always in my radar.
Personally I think Blue Orca actually is good to alert sharesholders and potential investors of these 'potential' rort companies. Yes, they are shorter and will profit from the share price drop. But they have over thousands of companies to pick from and why picked Seek? Without their report, those fake posts would never get removed immediately and this accounts for 20% of total posts (revenue?), which is significant.
Using debt rahter than internal cash flow to fund growth is never sustainable.
I still think Seek did not come clean in its financial. Will avoid it for the time being and wait till the first half yearly report out.
SEK Price at posting:
$19.90 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)