Picked up more today, and will keep deploying cash if price falls further.
We get relentless posts on this board of how the business has a barely positive cashflow etc.
To me this points at the success of the management strategy to deploy profits to growth. They are able to consistently hit a slight positive because they are closely in touch with the business.
I take the point that other sites exist for $5 jobs. Like fiverr.com (which you will note is now more like fifteenerr).
For work beyond 30mins of effort FLN remains the premier general marketplace, and will keep my investment while it remains so.
There was a growth hiccup in December, and if there isn't a bounce back in Jan/Feb I will be surprised, but only concerned if management don't address it.
At 80c this is the easiest money on the ASX.
Picked up more today, and will keep deploying cash if price...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.41M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 2100 | 1 |
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