FLN - Freelancer Limited

Re: FLN - Freelancer

i looked at getting out to buy something else recently but still think it has a lot of potential, was hit pretty hard after last update though

So_Cynical said:

Re: FLN - Freelancer

Sold out today ~ $1.05

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

Click to expand...

Actually your timing wasn't too bad, especially considering FLN's current price. The last 12 months have been terrible for the company.



The 2017 full year results released today reveal that Freelancer's revenue growth has stalled and is now going backwards in spite of good margins.



I think the company is going to find growth more difficult now given the level of competition in the market place. They will need to diversify and find new revenue streams in order to continue to grow and I think that will be a real challenge for them. Even at current prices I think FLN is a real gamble.

FLN pushed up 11.11% today on increased volume to secure a close on the days high of $0.60.

Half year financial results are due on 31 July. Based on recent price action there is clearly some speculation that they will surprise on the upside.

A look at the two year chart is interesting. It's fallen a long way from $1.80 in July 2016. $1 looks like serious resistance. It's having a little trouble getting through 60c but it's giving it its best shot. After closing at 60c yesterday it fell back to 56.5c today but finished at a high of 60c again at today's close.

Current market cap is $275 million. The upcoming half year results will be interesting.

This is my pick for the December Tipping Competition. It is a real company with real prospects. This is reflected in the movement of the chart pattern. No massive run ups and dumps down. Even though it fell quite low, it was slow enough for people to exit without losing their shirts. This tells me the upward climb is less likely to have too many heavy overheads as it climbs back up again.

I did a search of the ASX announcements for FLN just in case I could pick up anything dodgy. I am getting a bit twitchy with what I am finding with all these Consolidation things happening. As I was reading I was thinking, damn this company looks good, just going by the simple headlines. So I looked into its fundamantals a bit harder. When I posted this as a Tipping Pick it just looked, at a glance, like a logistics connection hub....my imagination took me to Amazon and all the extra transport being needed for all the extra online shopping. (I may be wrong folks it may fall into a heap, this online shopping thing I mean).

Anyway getting back to FLN I thought it may be a potential for a long term hold as it really looked the goods, so I started to do deep and meaningful FA (Fundamantal Analysis). When I do FA I look at the people, who they are what they have done, because it is not what the company does, the you-beaut-fairy-story line for the kiddies, or what the very old bookkeeping figures say they have been doing but look to the kind of people running the company and who they associate with. This is no guarantee of future performance but it can be a good FA Indicator of potential.

Matt Barrie is Freelancer, to me he appears to be a very smart Jack-the-Lad who likes expensive clothes, expensive cars, expensive parties, expensive lifestyle, cheap women, you know the type... arseholes. He is 100% ego driven, he has made enemies of the Venture Capital Mob. When I saw his picture he reminded me of one of the shysters/con men out of one of my favourite films "BoilerRoom".

Then I noticed as I was looking through his pictures what looked to be a great piece of Photoshop which made him look like a right evil bastard. I though, ooo someone doesn't like him, a picture being worth a thousand words and all, made me look! Fcuk! This company sounds like the biggest, most rotten scam to hit the airwaves in a long time if you can believe what is being said about the company. So far there are two lawsuits being brought against the company. There is not a doubt in my mind, if they are truly behaving in the manner being spoken about, they will be spending their entire profit base on littigation going forward into infinity. No doubt a few Venture Capitalists might be happy to bankroll any litigants if asked nicely!

Right, I will add links to what I have been saying, check it out yourselves, see what you think, I may be doing this man, his company a grave injustice. I have no desire to make mischief or do harm, so please do your own research and see what you think. For me I really wouldn't want to be in the same room with this company or the man. If this stock gets a place in the Stock Tipping Contest, there is no way I will claim any winnings. I will donate any money to Joe and he will do something good with it.
https://www.smh.com.au/technology/t...fshoring-whitecollar-jobs-20120220-1thyc.html

https://www.reviewopedia.com/freelancer-com-reviews?page=1


This looks like a Photo manip of the man. May not be.


This is Matt Barrie CEO of Freelancer.

I see that FLN is a popular stock today for weekly systems and I expected it to pull back a bit today but no, it gained another 5.4% which is nice for the existing holders.

I looked for some sort of catalyst which may have initiated this rise but nothing obvious in the announcements ( no price sensitive released recently )

So what is the driver ?
Has it been undervalued for so long that people just realised ?
Will it continue to yearly high of 99c ?
Will it retrace due to profit takers ?

My take on the chart below is that it looks to good to be true and I have tried to illustrate the correlation between the price and RSI. We are in overbought territory and historically it has retraced as shown by the arrows.

Hopefully all holders make some money but I am just curious to watch how this pans out over the rest of this week.

There's a sensitive Ann from Friday.
Escrow.com (owned by FLN ) preferred payment method for eBay Motors.
Potentially a good earner in time and may be pushed/available for other eBay stuff of high value.

@frugal.rock announcement not marked price sensitive on my platforms but maybe it should have been.

My mistake.
Sensitive, but not sensitive.
Dunno what the criteria is.
Fishy, but not.
I considered it sensitive and price movement explanatory though...
I think Skate and co have ramped it up today

target $1.17

It's been a while since I've taken a look at Freelancer and the business seems a lot more solid now than I remember it being.

They are into payment processing (Escrow.com), and freight (freightlancer.com) as well as the Freelancer.com website for which they were initially known. The latest set of financials looked very good, and I notice the share price has really taken off in the last couple of weeks, jumping from 65c to 97c.

It might be worth taking a deeper dive into FLN as I think there is a lot of potential future growth there, especially given the way the world has changed in the last 12 months.

target of $1.17 almost hit before retracement (actual $1.15)
next stop by end May 2021 is $1.52

FLN just added to Speculative Stock Portfolio.

Details for purchase and other holdings of the spec portfolio can be found on that ASF thread.