Be that as it may, unless there is a solid profit upgrade along with other positive developments (e.g. higher gross margin or new clients/ markedly increased revenue from China), I am expecting buy the rumour sell the news.
I would love for this run to continue but barring any unforeseen announcements, the SP is due for a retracement. The SP had a similar run up a year ago as well. I have already trimmed down to 10% but I am tempted to trim down again. I'm a believer in the company but the PE ratio is getting out of hand. Even at $100m NPAT, we are trading at a PE above 50. Its not completely unjustifiable but if the result is anything short of impressive, the morning will be a great opportunity to reduce exposure imo.
ubs upgrades apx, page-243
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Last
$2.23 |
Change
-0.100(4.29%) |
Mkt cap ! $500.1M | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.45 | $2.22 | $22.71M | 9.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 226326 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |