An update for users, projects, online users, newusercount-24h, newprojectcount-24h. From 2018-07-18 to 2018-08-24.
Not pictured is users and projects count which are:
Total Users: +1.8% / +524572 from 29185299 to 29709871
Total Projects: +1.47% / +210809 from 14300404 to 14511213
For some reason, new users and new projects are in a down trend for the past 6 weeks, particularly in the past 2 weeks. New users is down 20% from peak in the 1st week to peak this week. Roughly the same fall for new projects.
It could be seasonality, but I don't have a proper explanation now. Business holidays? If I had over a year of data, I could compare for seasonality.
I may come across as a downramper, but really I'm just waiting for the business to show an uptrend so I can buy.
An interesting metric to watch for is: 2.6m jobs were added in FY16. 2.4m jobs in FY17. How many in FY18? In these 37 days, 210809 were added, or 2.08m annualised, but that doesn't account for seasonality. They probably have a comparison seasonal chart for FY17 somewhere in the old presentations.
I'll keep watching.
FLN Price at posting:
58.5¢ Sentiment: Hold Disclosure: Not Held
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