Appen are moving towards and investing in automation, a smart move strategically and very logical. Even before this acquisition, their stated goal of automating annotation was the most exciting growth aspect that I could see so this acquisition makes so much sense. The acquisition of a "best in class machine learning software platform" is music to my ears. You also pick up talented AI people in a competitive field where top talent is hard to come by.
A total consideration of US$ 175 Million is not very dilutive considering Appen's big market cap. Short term volatility does not concern me as I bought this stock a while back as a long term investment and have held tight. I think this acquisition is positive to the company fundamentals and revenue down the track.
Ann: Appen to Acquire Figure Eight & Launch Capital Raising, page-41
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.63 |
Change
0.070(2.73%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.58 | $13.54M | 5.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 43605 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.63 | 25821 | 9 |
View Market Depth
| Last trade - 13.59pm 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
