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In Talk Ya Book this week, AFL great turned Cerutty Macro Fund founder Chris Judd discusses Airtasker (ASX:ART) with HD Capital Partners’ co-founder Harley Grosser.
Airtasker is an online market place for local services in Australia, connecting workers with businesses. Mr Grosser says it has been growing in the UK and US, as well as in Australia.
ART closed down 7.5% yesterday at 30.5 cents after releasing its June quarterly activities report.
The market clearly wasn’t impressed, despite Airtasker claiming it had ‘delivered on its promise’ with FY24 positive free cash flow of $1.2 million, up $8.8 million (or 115.3%) on the previous corresponding period.
ART closed the quarter with $17.2 million cash and equivalents.
Talk Ya Book
Talk Ya Book was created by Chris Judd in 2019 as a show where fund managers could share their highest conviction investment idea but more importantly showcase their investment framework to the public.
In 2023, Chris joined the people he interviews in the world of funds management by creating the Cerutty Macro Fund. Chris is the founder and portfolio manager of the fund which looks to invest in long term, secular, macro trends.
Disclaimer: Juddcorp Pty Ltd ACN 635 629 631 is a corporate authorised representative (CAR) (CAR Number 1300536) of Boutique Capital Pty Ltd ACN 621 697 621 AFSL 508011.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
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