Very positive result from Appen, EBITDA well above forecast that was released late last year. Certainly pleasing to see that Appen expects "negligible" impact from Coronavirus. Considering that the expectation for next year is 30% growth and that it's hard to go past the emerging industry of AI, would expect that Appen will be able to meet this forecast. Increase in dividend reflects strong growth and shows some confidence from the company that it can sustain it. 50% franking is slightly better than expected, but still a slight decrease on last year, however , considering the yield is quite small, it is unlikely that investors are in because of the dividend, but rather capital growth and prospects. An interesting part of the report is focussed on the ethical obligations of the company (ESG), which is a positive to those that wish to be an "ethical investor". All in all, a pleasing result.
APX Price at posting:
$23.85 Sentiment: Buy Disclosure: Held
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