{"id":63664,"date":"2014-11-13T10:36:39","date_gmt":"2014-11-13T15:36:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=63664"},"modified":"2014-11-13T10:36:39","modified_gmt":"2014-11-13T15:36:39","slug":"why-did-the-seek-limited-share-price-rise-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/why-did-the-seek-limited-share-price-rise-today\/","title":{"rendered":"Why did the SEEK Limited Share Price Rise Today?"},"content":{"rendered":"
November 13, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the SEEK Share Price?<\/h2>\n

SEEK Limited [ASX:SEK] <\/strong>operates a global online employment advertising platform. SEEK operates three main businesses \u2014 SEEK employment, SEEK learning and SEEK international in 12 different countries.<\/p>\n

The SEEK share price<\/strong> closed 1.78% higher on Thursday. <\/p>\n

Why Did This Happen to SEEK Shares?<\/h2>\n

Today, SEEK\u2019s Chinese subsidiary, career platform Zhaopin, announced a 32% year on year increase in revenue to RMB 298.2 million for the September 2014 quarter.<\/p>\n

What Now for SEEK?<\/h2>\n

Since the start of 2013, the stock price has risen from around $7.10 to today\u2019s $17. <\/p>\n

SEEK has been an excellent example of a disruptive tech company. It was able to capture and alter how job seekers applied for positions, ruining a good source of income for newspapers.<\/p>

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It paid a 30 cent dividend for the 2014 financial year. Its debt levels are acceptable. Also, the company is keen to expand further in international markets. <\/p>\n

SEEK is currently trading at a price to earnings ratio of 34 times. However, the average annual P\/E this year sits at 27. This is telling you investors are expecting earnings to increase next financial year.<\/p>\n

The stock is roughly one dollar off its all time high of $18.25. It is appears to be an expensive stock to buy at its current price of $17.10. However, since reaching a new high this year the share price has regularly traded between $16\u201318. <\/p>\n

The growth in SEEK shares isn\u2019t over, but try not to overpay for the stock.<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why did the SEEK Limited Share Price Rise Today?<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the SEEK Share Price? SEEK Limited [ASX:SEK] operates a global online employment advertising platform. SEEK operates three main businesses \u2014 SEEK employment, SEEK learning and SEEK international in 12 different countries. The SEEK share price closed 1.78% higher on Thursday. Why Did This Happen to SEEK Shares? Today, SEEK\u2019s Chinese […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-63664","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=63664"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}