they said capex was increasing, mainly for product development (which they are way behind the competitors from my impression). citi also said they need increased capex to keep up with a maturing industry.
and structural issues... you must have been living under a rock. go look at what fundies and brokers like macquarie have to say. i don't believe any appen holder is not aware of the structural issues, i always thought bullish holders think those structural issues won't become a real problem and appen will continue to experience strong growth. if strong growth returns and market thinks it can be sustained for a long time, sure it's worth $20+ easy. remember it was priced as a very long duration hyper growth stock at $40, just because something drops to single digits from $40 doesn't mean it's undervalued.
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 46.5¢ | $288.9K | 610.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 105000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 39990 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |