So my own hypothesis on this is that We Work is simply selling their product below cost, using venture capital money. Because SRV is in business to actually make money (think of that!) it cannot match pricing and its occupancy is going to be affected.
Unfortunately, given the amounts We Work has raised, this problem is more likely to spread before it gets better. As We Work opens up Asian offices they are going to further infringe on SRV's results. It could be a deteriorating business condition for two or three years.
Ann: Full Year Results - Presentation, page-8
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Last
$4.93 |
Change
-0.070(1.40%) |
Mkt cap ! $483.0M | |||
| Open | High | Low | Value | Volume |
| $5.00 | $5.00 | $4.83 | $195.6K | 39.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3000 | $4.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.93 | 1417 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SRV (ASX) Chart |
