APX 7.87% $1.99 appen limited

Good time to buy APX, page-12

  1. 10,945 Posts.
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    AUD will be a drag for a while as it climbs higher doesnt take away quality of management and buisness. Cyclicals happened in some aspects of the business Figure 8 doing very well. Needs to continue to lead and make another acquisition shortly as it seems now Figure 8 is now well embedded into the Appen umbrella.

    A climbing AUD will chew into margins and this could cause a bit of a drag. I have started buying again and will continue to do so till $30 then will re asses if it goes lower. Currently trading 40x on FY21 EPS 55c today is forecasted 82c in FY21 revenues are forecasted to jump 30% in FY21.

    November is the traditional earnings update and rarely disappoints.
 
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