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FLN - Freelancer Limited

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stevier95

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Just seen that Freelancer has announced a prospectus to list on the ASX and that the general offer is now open.

Prospectus here: http://cdn2.f-cdn.com/investor/docu...13.pdf?v=81a7b711598ac0c23111136a783f1544&m=2

Would be interested to hear everyones opinion on this. Would be one of few tech start-ups to list on the ASX, the previous ones of which have had mixed success.

“We don’t have a long track record [on the ASX] for success in tech to date, so there haven’t been a lot of technologists who have gone on to be venture capital partners,” he told Business Insider Australia.

See more: http://www.businessinsider.com.au/f...listing-is-too-hard-for-tech-startups-2013-10
 
Re: FLN - Freelancer IPO

Interesting move by Matt Barrie.

To think this came right after rejecting a $400 million offer from Recruit.co.

The industry of online staffing is a really booming industry though. Freelancer has already positioned itself as one of the top in the market (alongside its competitors: oDesk and Elance)

Though oDesk and Elance have more revenue, Freelancer has the most number of freelancers that could keep the business running.

Rob Rawson, CEO of Staff.com has also provided his insights on this matter:
http://www.staff.com/blog/freelancer-com-listing-on-the-australian-stock-market/

It's something the industry is looking at perhaps. We have until November 15 to look out for that.
 
Re: FLN - Freelancer IPO

Lol. Everyone was expecting a massive stag on open and it didn't disappoint at $2.50. Not bad for a 50c float price. But pretty bad for the bloke who bought it who's now down 40%, with FLN trading at $1.75.
 
Re: FLN - Freelancer IPO

skc said:
Lol. Everyone was expecting a massive stag on open and it didn't disappoint at $2.50. Not bad for a 50c float price. But pretty bad for the bloke who bought it who's now down 40%, with FLN trading at $1.75.
Click to expand...

OUCH!!!
 
Re: FLN - Freelancer IPO

skc said:
Lol. Everyone was expecting a massive stag on open and it didn't disappoint at $2.50. Not bad for a 50c float price. But pretty bad for the bloke who bought it who's now down 40%, with FLN trading at $1.75.
Click to expand...

Esp with that 2mil just crossed at $1.50!

Anyone got any? Its always the good ones that u get 0 allocation for...
 
Re: FLN - Freelancer IPO

skyQuake said:
Esp with that 2mil just crossed at $1.50!

Anyone got any? Its always the good ones that u get 0 allocation for...
Click to expand...

I think my father in law got such a small allocation that his broker is no longer on his xmas card list.

$1.50 is probably low enough imo...
 
Re: FLN - Freelancer

Entirely speculative in my opinion, it could go gang busters or go under, not an industry that I would consider safe.
 
Re: FLN - Freelancer

Floated at 50c and hit $2.50 not long after, now trading at a more reasonable and new all time low of 0.69c as of today's close...had a bit of a look tonight.

  • Market cap 300m
  • Revenue (projected) 25m
  • Cash and equivalents 19m
  • Total debt and liability's 34m
  • Market Global - rapid growth
  • Top 3 Global player in outsourcing marketplaces/collaboration/crowdsourcing etc

https://www.freelancer.com
https://www.fantero.com/
http://www.warriorforum.com/

Chart would indicate that the down trend is flattening out...as a business Freelancer really could be anything, so many sites and so much content, massive potential i would think...and in such a low cost environment.
~
 

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Re: FLN - Freelancer

Through 90 CPS again today sees me out of this trade for a 24% profit, hung on to a few as this really could be anything...there seems to be a bit of a resurgence going on in the Net/Tech sector stocks.
 
Re: FLN - Freelancer

Freelancer trading above $1.05 today - announces local job service..calling it uber for jobs. :venus:
~
 
Last edited by a moderator:
Re: FLN - Freelancer

skc said:
Can't seem to find their sight when I googled "Freelancer local jobs". But found this article instead.
Click to expand...

Its built into the old site, so when employers are looking for work to be done they can specify location - local job, delivering coffee or washing the car...perhaps a back rub?

--------------

Thinking a bit more about it, a global ad hoc, social employment site - could be absolutely huge.
 
Re: FLN - Freelancer

systematic said:
Wouldn't go near it, myself - currently.
Click to expand...

I doubt you would "go near" 90% of the market...so not saying much.

FreshCookie said:
What is everyone's opinion on FLN currently?
Click to expand...

Currently - todays price, mixed feelings, certainly lower than it has been trading and could be just a little pull back on a 5 or 10 year uptrend, revenues and profit up close to 50% YOY, big margins, global reach, low/no debt....if you want to own it then currently is better than recently.
 
Re: FLN - Freelancer

So_Cynical said:
I doubt you would "go near" 90% of the market...so not saying much.
Click to expand...

The OP asked for anyone's current opinion; I gave mine as you gave yours.

"wouldn't go near it" is a comment in the style that I use in my posts; such as, "starting to like this as a value stock" or "poor momentum". "Wouldn't go near it" was meant to convey, "yeah - really don't like this one"

Apologies if that could have been clearer.
 
Re: FLN - Freelancer

There is a lot of competition in this space.
 
Re: FLN - Freelancer

Sold out today ~ $1.05

Got cold feet and didn't want to see my profit evaporate, terrible timing i know.
 
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