Probable Trend Reversal For APX, page-619

UBS further to my last post has decided on a neutral rating and price of 27.50 . Very positive on the future of the company but wants to see February result to determine better if large jobs will be more permanently lost regardless of Covid as it believes smaller jobs and new tasks will take a little time to make up for this. Ideally these jobs were only affected by Covid and we will see Appen return with the additional advantage of its smaller projects and other offerings as well. UBS sees risks as balanced for this period. I think it will take the quarter after that to really see the situation on this as well as effect of Lionsbridge being bought although Appen would make any positive/negative announcements before then. As I said leave it in the back draw till then ( together with my A2 and MP1 shares!) .