Appen’s previous guidance given in 31 May 2019 stating “EBITDA forecast to be in the range of $85-$90m (at A$1=US$0.74 May-Dec 2019)”.
The new guidance states “Upper end of $85m-$90m (at $1=0.74 Aug-Dec 2019). 1H benefits from FX gains of $4.7m. 2H at 0.74c”
The change in guidance shows a realisation of FX benefits in 1H19 of $4.7m but maintains the same full year outlook and 2H exchange assumption. Hence, it could be interpreted as a downgrade in guidance of 5.3% and the reason for the sell off.
The report is actually a miss and a 5.33% downgrade in guidance
RBC - New Target now $34, page-194
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $106.7M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 47.0¢ | $676.8K | 1.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42063 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 35424 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| APX (ASX) Chart |