FLN 0.00% 18.5¢ freelancer limited

Ann: 2016 Full Year Results Presentation, page-3

  1. 731 Posts.
    lightbulb Created with Sketch. 318
    They're really now getting some great traction in terms of job number and user growth. The 37% growth in revenue is impressive. They're also now positive both in terms of Operating Cashflow ($4.5m) and NPAT ($0.1m).

    The balance sheet also remains very strong with $35m of cash, no debt, and a Net Equity of $35m. I'd like to see them start to use that equity for growth in terms of new acquisitions or technologies etc, otherwise it's just being wasted.

    Given the recent decline in value I think price today is looking cheap. I've just topped up my holding.
 
watchlist Created with Sketch. Add FLN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.