To The Moon

$SEEK LIMITED(SEK.AU)$

If you are looking for a job, one word comes to mind - SEEK!  From its humble beginnings in Melbourne in 1997, SEEK is a market leader in online employment market places operating across Asia Pacific and Latin America.  The idea is to make it easier and quicker for candidates and hirers to connect by moving print newspaper job ads online and www.seek.com.au was launched in 1998.

Since then SEEK has expanded globally and now has a strong presence in South East Asia through JobStreet and JobsDB brands.  SEEK also has operations across New Zealand, Latin America and holds minority investments in China (Zhaopin) and Korea (JobKorea).

SEEK also operates a number of other businesses including SEEK Learning which helps connect people with quality education opportunities, SEEK Business, where businesses and franchises can be sold and SEEK VOLUNTEER, Australia 's largest single source of volunteer opportunities.

SEEK employs more than 3000 people around the world and has exposure to 900 million people, 50 million candidates and 300,000 hirer relationships. 

In the latest earnings report 1H22, Revenue grew to AUD517 million, up 59% from previous period , EBITDA rose to AUD251 million, up 83% and Margin of 48%, up from 42%. Net Profit After Tax is AUD124 million up 147%.

SEEK paid a dividend of 23 cents per share. The current dividend yield is 2.5%.  With Franking it is 3.5%.

SEEK has a wide economic moat.  SEEK's Australian employment listings business receives 30 million visits per month, more than 3 times the visits of its closest competitor.  It has several times as many paid advertisements as its closest competitor and attracts a third of national placements versus 5% for its nearest competitor. 

I am bullish on $SEEK LIMITED(SEK.AU)$ as it ticks all the core fundamentals of a quality stock.  It is profitable, has a healthy balance sheet with good free cash flow and an excellent management.  With its international expansion,$SEEK LIMITED(SEK.AU)$ will continue to grow exponentially in the long run.  In a Bear Market, it is important to find quality companies like $SEEK LIMITED(SEK.AU)$ to invest for the long term. 

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