The APX share price was savaged yesterday after their result was a miss and management confirmed low visibility on near term earnings, although they offset that by putting big longer term targets out to the market, considering their ability to forecast earnings over the last few years that doesn’t bring with it any confidence and even if they prove correct it’s going to require some concrete numbers to regain investors’ confidence. MM got this one very wrong and our only solace is we took a small position and only entered after the stock had already plunged over $30 (orange line on chart) – we’re sorry to any subscribers who joined us on the painful journey, while its part of investing its never fun to be so emphatically on the wrong side of a stock.
scroll
Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
Close
What Matters Today in Markets – Tuesday 16th August
Close
Ausbiz: James covers the CBA FY22 result this morning on Ausbiz
Close
Markets @ Midday – Monday 15th August – Bendigo (BEN), Beach Energy (BPT) & JB Hi Fi (JBH)
Close
MM is now neutral APX, at best
Add To Hit List
Relevant suggested news and content from the site
Video
WATCH
Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
Recorded August 10th August 2022
Podcast
LISTEN
What Matters Today in Markets – Tuesday 16th August
Daily Podcast Direct from the Desk
Video
WATCH
Ausbiz: James covers the CBA FY22 result this morning on Ausbiz
Recorded Wednesday 10th August @ 9.30am
Podcast
LISTEN
Markets @ Midday – Monday 15th August – Bendigo (BEN), Beach Energy (BPT) & JB Hi Fi (JBH)
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.