EGG 4.13% $1.26 enero group limited

Ann: Annual General Meeting CEO Address, page-20

  1. 4,084 Posts.
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    Interesting to see that the market is looking for stocks with a large AI business.
    It probably explains why Appen rebounded by 50 % vs its low in Dec 22.

    It looks to me less risky (and cheaper) to invest in AI via Enero, which half of the profit now comes from its 51 % contribution in OB Media.
    OB Media is focused on AI and machine learning, which probably explains why they just have 50 employees to generate 58 m of revenues in FY 22.
    In FY 22, OB Media increased its sales by 63 % (after + 181 % in FY 21) and had an operating EBITDA margin of 76 %.
 
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