APX 3.33% $1.55 appen limited

Ann: FY21 Results Release Date, page-13

  1. 835 Posts.
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    It's certainly going to be an interesting result. With no change in guidance one would expect US$250 M revenue with a healthy underlying margin for the half. Commentary from management over the last 12 months has not instilled any confidence in the market, so watch for a change there too. I'm expecting big things from ECG. The market wants to see less reliance on the large customers and there has already been good progress there. I wouldn't get too caught up on Amazon and Macquarie. It was interesting to see Mac at the top of the broker data in net buys post the report. I don't think the APX story is done just yet. Risky to enter now, but it is quite obvious a lot are waiting on the sidelines for the first sign of a turnaround. Merry Christmas.
 
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