So far it’s played out as I expected.
Other than another potential impairment charge, I think the new KMP team deserve a chance to bring their story which the new CEO articulated in today’s AFR to life.
As @mondyinvest pointed out, it’s the right sector but whether APX is the right company to invest in it is another matter.
In today’s AFR article, the new CEO said that he’d never heard of APX until he was offered the job there and it seems to me like his predecessors have left him with a monumental challenge.
For the time being, I’ll continue to watch from the sidelines and see what transpires.
The trend is your friend and I’d therefore prefer to see a sustainable uptrend at the expense of missing out on some of the upside before I invest in this one. This business has just been one downgrade after another during the past couple of years so no rush on my part.
All imho so please DYOR.
So far it’s played out as I expected. Other than another...
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Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $106.7M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 47.0¢ | $676.8K | 1.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42063 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 35424 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| APX (ASX) Chart |