Ann: Pause in Trading, page-56

Diluted EPS is not ideal for growth stock as a lot of the dilutionary shares are performance based that wont convert unless the share price goes up.

A simpler EBITDA to Market Cap = 109m to what would (121,107,755 x 12 = 1.4b) - PE is in-effect 14

This EBITDA calculation used to 130m to what was (121,107,755 x 35 = 4.2b) - PE of 32

on a like for like basis a 50% drop in P/E is grounds to consider what changed. The simple answer being not much! one could argue the opposite in fact with Digital spend going crazy (FB ad revenue).

The main issue for APX is to get out of the shorter sight which is also the same issue for any stock trading on a highly institutionalised ASX. To which a good over-reaction like we saw in lithium stocks or todays price movements, or ofcourse a good announcement - investor day i imagine will address the elephant in the room on product and competitor differentiation

Anyways its clear your agenda is to downramp by quoting dilluted eps for things that are unlikely to occur. It would be better you qoute the same diluted EPS in October against today to demonstrate it is in-fact too expensive

Whereas my agenda is to drive this up by demonstrating the value is higher on a like-for-like basis but more importantly, the risk of going lower is far less than the risk of going higher.

Average down and keep averaging is my 2c, to which i just did that!