Extract from Morningstar article:
Chris Tynan, investment analyst at DNR Capital, says Appen and Altium remain risky buys for investors. “Appen and Altium would market themselves as software-as-a-service businesses, but they have much lower recurring revenue profiles, and we feel operate in limited addressable markets and with aspirational rather than tangible growth strategies, so do not represent compelling value, even after recent sell-offs.”
Full article may be of interest:
Aussie tech plays for your watch list
Broker and Media coverage, page-107
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