APX 5.35% $1.97 appen limited

Ann: Customer update and FY23 preliminary results, page-138

  1. 10,941 Posts.
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    This is a high beta play in an unknown business cycle. Its been disappointing share price performance over past 24 months. I don't give valuations and where the stock is heading as I simply do not know. I have run plenty of physical business and business cycles and associated risks is just a part of life. The 55c cap raising needs to be investigated but everything else is legit. One way to measure that is S&P 500 index is at all time high and growth stocks that need to promote their business and running losses the Russell 2000 is 20% off its all time highs. Meaning growth shares are not growing across the world

    But having said that it's now at a spot where I like it organically - deconcentrated and phasing out Deep Learning is a no brainer.

    We are down but not out.
 
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