APX 1.92% 76.5¢ appen limited

Back up the truck again although I am already way overweighted....

  1. 31 Posts.
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    Back up the truck again although I am already way overweighted. The share price doesn't even price in growth anymore.

    With solid EBITDA as low capital intensive business, even a mature company would be valued at ~20 EV / EBITDA esp given the cash rate is essentially zero.

    The payoff is extremely asymmetrical now. A tiny bit of growth will put fuel on share price again when market doesn't even price in any.
 
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