Yes, it is frustrating - the whole sector is a mess not company specific.
Management has been below average that doesn't help.
It pays dividends, cash flow positive and revenue growing. Expenditure on product development a little on the high side but keen to hear what management says about that expenditure and return on investment.
Companies like BHP for example put $1 in and get $2 out.
So, return on product development is the interesting part. Thus far have poured in excess of $20m so you like to see minimum $50m return on that investment - not revenue but actual additional free cashflow.
Only few weeks away till AGM so we will find out more then.
APX Price at posting:
$6.88 Sentiment: None Disclosure: Held
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