APX - Appen Limited

[bsnews]

The "natural worth" would have to sit above $1.00 IMO. It is the only Australian AI company and only has to get it right to easily hit the same and exceed the income of Innodata, that was a joke offer. It will really depend on the next set of reporting and if they can turn it around.
That's my 20 cents worth.

 

[Miner]

The "natural worth" would have to sit above $1.00 IMO. It is the only Australian AI company and only has to get it right to easily hit the same and exceed the income of Innodata, that was a joke offer. It will really depend on the next set of reporting and if they can turn it around.
That's my 20 cents worth.

@bsnews
Thanks for your share.
Your opinion is really expensive @20 cents compared to my @2 cents opinions. That explains why your target is @$1 compared to my target @ 70 cents

 

[bsnews]

If your target is @70 cents then you are a winner come on down.

 

[galumay]

It is the only Australian AI company

Its not an AI company, its basically a labour hire company for data scraping. The reason its in so much trouble as a business is that its major clients have moved from using labour hire to scrape data for AI to automating the process.

Its 'natural worth' or intrinsic value is the market's assessment of the sum of its future cash flows, discounted to today's $'s, thats why the price keeps going lower!

 

[Miner]

If your target is @70 cents then you are a winner come on down.

@bsnews
Checking APX price, should I declare me a winner for a change

 

[Smurf1976]

Its not an AI company, its basically a labour hire company for data scraping. The reason its in so much trouble as a business is that its major clients have moved from using labour hire to scrape data for AI to automating the process.

I don't know much about the company, I've only traded the shares on a purely speculative price action basis, but to me it sounds like a classic example of a business whose time has passed.

Any kind of manual process to scrape data for AI was always going to be a temporary concept. The kind of thing that only works in the long term if it can be leveraged into something else before the initial purpose dies.

 

[Ferret]

This one has gone silly.

It is hard to imagine the fundamentals of Appen have suddenly turned around, but for some reason it is on a tear.

ASX issued a please explain on 16 Aug, which Appen answered with a "we know nothing" on 19 Aug. It's up a further 30% since then and over 300% since the end of July, all on a jump in volume. Surely something is going on.

 

[Captain_Chaza]

Don't Blame My Crew on the HMAS Ship of Fools
They were only obeying orders

We Hoisted her on the 12th August refer "Storm at Sea"
Sailing the APX----------One WEEK at a Time---------------------------------& ----------One DAY at a Time --- Sometimes you can get LUCKY

 

[bsnews]

Well I still say it was undervalued and at the time an easy min $1.00
And although you say not an AI company the closest AUS has to one.
But I now think it should be $2

 

[bk1]

You might care to look left....

 

[galumay]

Hard to see anything but more capital being burnt here, no doubt retail shareholders will bear the brunt again.

 

[qldfrog]

even on a short term, I bought at 82c on the 12/08, only to see a SL trigger at 76c the following day, a 8% loss
and now at 1.40, 10 days later missed it...

 

[frugal.rock]

It's harder for some to stomach, but a ~15% SL works ok for me on most apart from spec turds.
Coincidentally, the average daily lead in range was roughly ~$0.11... or nearly 14%

I looked at the shorting on this last week, it looks like they got shook out for now.
Be interesting next week.

 

[qldfrog]

It's harder for some to stomach, but a ~15% SL works ok for me on most apart from spec turds.
Coincidentally, the average daily lead in range was roughly ~$0.11... or nearly 14%

I looked at the shorting on this last week, it looks like they got shook out for now.
Be interesting next week.

Trye, I can take 15% after share has settled a bit and a few gains, but 8% loss just after purchase is a sign of wrong entry imho so my exit.
Anyway, not a big deal.

 

[bigdog]

APX APPEN

Share price has risen quickly for reasons unknown

Were 45 cents in July

I bought years ago for about $25 and topped up this month

 

[bigdog]

Appen Ltd (ASX: APX) 24/09/2024​

The Appen share price is up 12% to $1.98. This is despite there being no news out of the artificial intelligence data services company on Monday. However, it is worth noting that a big improvement in the company's performance has got investors excited recently. So much so, Appen's shares are now up more than 300% over the past two months. Last month, Appen released its half year results and revealed a $22.4 million improvement in its net loss after tax. It wouldn't be surprising if the company took advantage of this rally to raise funds and shore up its balance sheet further.

 

[bigdog]

 

[galumay]

LOL! Labour hire business taps shareholders for funds to stay afloat, waffles about "AI" to try to distract the market.

 

[bsnews]

The profit is growing the third quarter is pretty good.

revenue up 34.6% excluding google.

Gross margin 41.2% compared last quarter 33.6% and it is a improvement.

$1.92 is way better then .30

ZIP can do it why not APX?

 

[galumay]

There is no profit, just losses. Revenue dropped.

There is a reason they are picking Shareholder's pockets.