Lot's of juvenile personal insults, but not too much investment analysis. For the past couple of years FLN has been good value buying under 50c and saleable over 60c/70c. Matt and Simon buy, with the effect of showing confidence in the stock price if the shares go under about 47c.
We know the past 12 months has seen $14m or $15m of revenue each quarter, and we know the lead indicators for this quarter and next quarter have been trending higher. We know that the last three quarters had a pretty strong currency headwind that has tapered off. We know there is $1m in enterprise payments getting recognised this quarter which will give it a bit of fizz. We know that the whole market is being lifted, as we see improved results at upwork and fiverr.
I think Matt will be buoyant on the annual results call, and I don't think there is much downside here (except broad market correction). I also think there are good reasons to expect further results improvement over the next 6 weeks seeing out this quarter. I expect the price to run up a bit ahead of Tuesday's call, then go a little higher on Matt's confidence, before drifting for the next 10 weeks till Q1 results see it pick up again.
I'd much rather make a bit of money here than gossip about management fashions and hairstyles.
FLN Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
