Veye’s TakeAppen gave a strong performance in the First Half. Its growth is supported by speech and image and gathering speed. The company’s revenue growth is up 48% on 1H 2018 from existing and new program growth. Margin expansion from 18.6% to 24.1% is due to Leapforce integration, technology and economies of scale. Appen has a diversifying customer base. The company maintains a leading position in the high potential government market. The stock had a steep correction in early August this year. Subsequently, it has traded in a narrow range for last about one month. The stock seems to have consolidated now and could be readying for another leg up. Veye recommends a "Buy" on “Appen Limited” at the current price of $22.97
This was the Friday before the Upgrade.
They are still saying BUY and think it can run to $30
APX Charts, page-287
-
- There are more pages in this discussion • 3,586 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
