Freelancer: Building a strong position in global micro-jobs market

Livewire Equities


Avoca chief investment officer Jeremy Bendeich outlines his views on Freelancer (ASX:FLN) and why he likes it is a ‘disruptive’ stock. Freelancer is building a strong position in the global micro-jobs market, where Western companies typically recruit service workers in emerging markets for projects at lower cost. Bendeich says: "We like the concept and Freelancer's potential to win the race to become the dominant global micro-jobs platform. Freelancer has a strong trajectory of quarterly revenue growth and, importantly, the ability to fund years of development through its cash flow. We don't envisage large debt raisings or equity raisings that dilute shareholders. With disrupters, we favour companies that can ease back on development costs if their growth options slow, harvest that investment and become quite profitable… If Freelancer works, its valuation could increase many times, but the risks are high so it is prudent to allocate only a very small proportion of the portfolio to it."

1 stock mentioned

Livewire Equities
Livewire Equities

The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment