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Wednesday, 30 Jan 2019
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Why look at Seek? The stock hit a 52-week low at the start of this year amid concerns over the outlook for job listings in Australia this year. SEK’s core business relies heavily on the revenue from new job listings, which are estimated to have fallen 1% in November last year. The two questions we need to explore are, what is the trend in the listings/jobs market and does the recent share price weakness make Seek attractive enough to buy?

Firstly, last November’s 1% fall in new listings should be taken with a grain of salt. Yes, it was the first year-on-year decline since 2014 but jobs listings traditionally dry up around Christmas. The contraction also comes after years of strong growth. So, the November result is likely to be signs of a moderation if anything, rather

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