APX 1.51% $1.96 appen limited

APX Charts, page-304

  1. 10,950 Posts.
    lightbulb Created with Sketch. 1348
    Need to see a 10% net margin business to begin with and cost cutting is very good; the projects underway to automate parts of the business is even better.

    FY23 had FY22 cost blow out hang over where $105m has been taken out.

    Forecast US$200m revenue at 10% net margin $US20m NPAT
    Convert $US20m to AUD = $30m NPAT

    30m/220m = 14c per share
    14c per share @ 30 p/e = $4.20

    ..and only getting warmed up.

    But we will get more about trading activity come May.
 
watchlist Created with Sketch. Add APX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.