APX 6.62% $2.68 appen limited

Jeffreries Target Price-$0.60, page-200

  1. 74 Posts.
    lightbulb Created with Sketch. 31
    I've seen you make this remark many times. I don't want to be rude but interest rates have 0 to do with appen's share price performance. Yields affect highly levered REITs the most due to risk of LTV breach (and affect real estate fund managers even more), then small caps. It affects high p/e growth stocks a lot too but this market clearly doesn't care and still use 2021 discount rates on those nosebleed p/e large cap growth stocks. And REITs + small caps have bounced hard. Small caps were the ones struggling with spending and had weak sales. Appen's big clients are both reporting very strong ad revenue growth, yet even without facebook global service has declined ~10% in August report. You should not be buying this stock if your investment thesis is "falling bond yields will pump appen".

    Is your name Kyle? https://www.ig.com/au/news-and-trade-ideas/au-earnings--appen---from-a-pandemic-bubble-to-95--loss-230823. I recall reading this article and thinking "this guy has no clue". No offence.
    Last edited by pilbaraLithium: 11/01/24
 
watchlist Created with Sketch. Add APX (ASX) to my watchlist
(20min delay)
Last
$2.68
Change
-0.190(6.62%)
Mkt cap ! $698.7M
Open High Low Value Volume
$2.85 $2.91 $2.64 $36.52M 13.20M

Buyers (Bids)

No. Vol. Price($)
5 52289 $2.68
 

Sellers (Offers)

Price($) Vol. No.
$2.69 3695 1
View Market Depth
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
APX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.