Jaywin
Of course when you say "@ecat88 got it right"......… that would be your opinion
Doesn't matter how you look at it, APX have spent a lot of money for no immediate increase in earnings. Well, Figure Eight is a material loss maker actually. (But very strategic we all agree).
I am not sure how the market will react tomorrow, but there is some chance there will be a serious bit of indigestion in the short to medium term.
There is only one way that EPS is going in six months time. Down.
This is a very different scenario to the Leapforce acquisition which was 30% EPS accretive from day 1.
This is a bull market so I reckon the odds lay towards a reasonably positive market reaction tomorrow, before the realities of new dilution set in.
My guess is that right now could be the chart top for a while. Yeah, just a guess.
Appen still a great story, don't get me wrong. I have been in for a long while. Just digesting new events and thinking out loud.
History says to me that if you do serious dilution but don't add EPS then it is going to work against the share price for some period of time.....
Gosouth
Ann: Appen to Acquire Figure Eight & Launch Capital Raising, page-39
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Last
$2.60 |
Change
0.040(1.56%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.58 | $17.90M | 6.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1095 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 1022 | 1 |
View Market Depth
| Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
