Quiet Contrarian. Ep44: Trades for June 2023

Sells

Airtasker Ltd – ART.ASX – This was a tough one. I still believe in their offering, and they were forecasting 58% revenue growth next year. But the market didn’t like it, with them having bled out 50% or so in the last year. Unsure of how dilution and revenue growth combined to give a reasonable valuation. Decided that maybe getting it closer to 1x revenue (or approx 8c per share (FY22)) may be a better valuation. Especially if work dries up in the upcoming recession I’m still expecting (even if it is just per capita now).