FLN 5.00% 21.0¢ freelancer limited

Why FLN still suffer on their share price?, page-2

  1. 1,635 Posts.
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    It's due to a couple of reasons in my view:

    1. There has been consistent selling pressure by a large investor over the past few month who seems to have been intent on dumping all of his holding. It appears that, until recently, only retail investors have been picking up his stock ( small parcels ). This may have been completed , last Thursday, with an aftermarket transfer of 7.6 Million shares to a large institutional investor. If that is the case, the movement in FLN will be driven by retail investors now so, hopefully, will grind higher like FVRR and UPWK.

    2. The quarterly reports, although showing improvement in revenue, have not delivered the revenue growth and, hence, profitability expected by the market. This months report is expected to show significant improvement due to Covid 19 business growth for Freelancer and market growth for Escrow as shown by the Ebay Motors announcement.

    Either way, the business dynamics for this sector are compelling and this has to flow through to FLN's business in coming months and years.
    There is good reason to be optimistic in my view and patient investors will be richly rewarded like Afterpay, REA, Carsales and other online market place companies.
 
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Last
21.0¢
Change
0.010(5.00%)
Mkt cap ! $94.69M
Open High Low Value Volume
20.0¢ 24.0¢ 20.0¢ $8.388K 36.06K

Buyers (Bids)

No. Vol. Price($)
1 2500 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 2500 1
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Last trade - 13.02pm 28/03/2024 (20 minute delay) ?
Last
23.5¢
  Change
0.010 ( 0.00 %)
Open High Low Volume
23.5¢ 23.5¢ 23.5¢ 2100
Last updated 12.58pm 28/03/2024 ?
FLN (ASX) Chart
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