So some analyst at Mac Bank is taking a punt based on a "no news must be bad news" theory. I would have thought knowing bad news and not providing revised guidance would be a worse path for the APX board to follow than just clamming up so am going to take the 50/50 bet that the revenue wont be a lot different than the previous guidance. Of course the NPAT for Dec is likely to be horrible if they have to impair the goodwill of the recent acquistion but looking through that and assuming the EBITDA will be restored at some point in H1. Might go the other way but given the analyst is likely trying to satisfy the Shorts then the odds are in favour of buying.....
MACQUARIE downgrades APX to Underperform from Neutral, page-47
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Last
43.0¢ |
Change
-0.025(5.49%) |
Mkt cap ! $95.89M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.0¢ | 42.5¢ | $775.3K | 1.779M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 100522 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 55441 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |