XJO Higher helped by gold miners | FLN takeover of escrow.com approved | WPL Drop in revenues |
Niv Dagan
Peak Asset Management
Good Afternoon, Last week we spoke about Freelancer.com (FLN), following our meeting with management, at the PAC Tech event. We highlighted why we liked the business and felt that the Escrow.com 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 escrow.com 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
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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, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
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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,...
Expertise
No areas of expertise
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,...
Expertise
No areas of expertise
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