The investment case is "hope for M&A or an MB intervention in the stock price".
2Q24 numbers for marketplace are $USD6.3M, which is basically 2014 level revenue for FLN (given that Freightlancer wasn't folded in at that point).
They're also in bad shape on the balance sheet. $34M of "intangibles" including goodwill from acquisitions that's never been marked down (some of that goodwill dates back to 2009!). They couldn't pay out their user obligations if they wanted to (unlike FVRR and UPWK, who specifically cover assets to cover user obligations). I'm surprised that they were able to attract a new director, but I guess Patrick can't be faulted for a situation that existed before his tenure.
MB is too busy writing rambling essays on Medium to notice that his "growth company" hasn't grown in a decade.
- Forums
- ASX - By Stock
- FLN
- Ann: 2024 Interim Financial Report & Appendix 4D
Ann: 2024 Interim Financial Report & Appendix 4D, page-5
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.16M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 18.0¢ | $3.92K | 21.78K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46616 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 297140 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46616 | 0.180 |
2 | 173777 | 0.170 |
3 | 39810 | 0.160 |
1 | 33901 | 0.150 |
1 | 7142 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 297140 | 4 |
0.215 | 13000 | 1 |
0.220 | 5208 | 1 |
0.230 | 490 | 1 |
0.240 | 4166 | 1 |
Last trade - 11.10am 08/10/2024 (20 minute delay) ? |
Featured News
FLN (ASX) Chart |