APX 7.25% $1.22 appen limited

Ann: FY20 Half Year Results, page-71

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    lightbulb Created with Sketch. 2321
    You said a similar thing at 25, expecting mid teens. It never happened.

    The problem with trying to get that sort of margin of safety is everyone else will buy well before it gets there. Too many positive tailwinds.
 
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