Ann: Update on 1H 22 results and FY2022 outlook, page-43

The one good thing about this announcement is that it'll stop suckers from looking at Appen thinking it's a profitable value play. Think of all the people who have come and gone on these threads, saying that from $20/sh until today, despite a plethora of sensible voices cautioning otherwise. I also think this is yet another lesson that big money can get it badly wrong too. There's plenty of retail plebs on these threads (myself included) looking at Appen and seeing a sinking ship. Meanwhile, Mondrian and Montgomery come swooping in at $10/sh and $8/sh to hoover up significant positions in the register...

This is the ultimate falling knife, worse even than NXL who can at least use the excuse that they've only been publicly listed for five minutes. Downgrades come in threes - unless you're Appen, when they come every three months. A once great Aussie 'tech' company, flat on its back.