Stock Update
Value
Australia

Appen Ltd (APX)

11 Dec 2020
By
APX, a holding in our Value and High Conviction strategies, disappointed the market yesterday as it announced a downgrade in expected earnings for the 2020 calendar year.

Minimum Investment Amount and Period

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

This is a premium content

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Period

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

SHOW COMMENTS / QUESTIONS (2)

2
Comments

You need to be a Strategies user to comment on this post. Click here and become premium now!

Glenn B.

Hi Team

If Appen has not been bought yet as a part of the High Conviction strategy. Could/should Appen be bought now to take advantage of this price fall

With thanks
Rgds
Glenn

Shannon Rivkin

Hi Glenn,
The short answer is yes, but with the stock’s technicals looking worse and some cause for concern on a fundamental basis, APX will be on a short leash to be sold if the next trading update doesn’t resolve the question marks hanging over the stock. I would say today marks a time where you can buy APX on the cheap before its pre-COVID operating environment resumes, or if there are other issues it could end up being a short-term hold before we exit.
Regards,
Shannon Rivkin

We are glad you liked it

For your convenience, this will appear under your Saved articles in the top menu.