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.
Appen are moving towards and investing in automation, a smart...
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Last
$2.67 |
Change
0.110(4.30%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.60 | $8.353M | 3.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 12438 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 6834 | 4 |
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| Last trade - 11.00am 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
