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clock Created with Sketch. 04/06/21
14:32
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Originally posted by Deanostock:
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During the AGM It was clear to me how much deep technical knowledge he has and in that respect I'm sure that internally he adds great value to the technical aspects of the organisation. This would have been very valuable at the onset of the growth phase but IMO Appen needs to acknowledge the landscape has changed significantly and need an alternative leader who is skilled in this environment. IMO the business also needs someone who can inspire externally....
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A buy back is only worth doing if it’s eps accretive to shareholders. That is to say that the share price is less than its intrinsic value. Based on current guidance and my calculations this appears to be the case so a buyback would be beneficial to shareholders who choose not to sell into it. However, the problem is leadership and management which the board needs to address sooner rather than later imho.
(20min delay)