Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

XJO Higher helped by gold miners | FLN takeover of approved | WPL Drop in revenues |

Niv Dagan

Peak Asset Management

Good Afternoon, Last week we spoke about (FLN), following our meeting with management, at the PAC Tech event. We highlighted why we liked the business and felt that the acquisition will be approved. Today, the stock jumped nicely, indicated by the strong depth vs. sellers. The quarterly was also extremely strong, highlighted by a record number in active user and job growth. We see further upside in the stock as the acquisition gets fully embedded within the FLN in the business. We will however, be looking to take some profits over the next few days around the $2.00 level and have a close eye on Baby Bunting (BBN) and Reffind (RFN) for our growth portfolio. Niv

1 topic

Niv Dagan
Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...


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.