APX 5.49% 43.0¢ appen limited

Ann: Withdrawal of Innodata's non-binding indicative proposal, page-91

  1. 534 Posts.
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    Was wrong again !

    Apparently, what pushed the SP from 35c to above 70c purely based on the takeover negotiations leaked to big boys by the insiders...
    Otherwise, SP should have stayed above 90c today....

    Now, momentum has reversed and will go into abyss until 35c reached....

    Cost cutting measures, improving revenue must be sole focus for Appen... can't see any sustained rally above 30c until APX makes net profit after tax!
 
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