Appen and Nuix
Hi guys, A question primarily about Appen but also somewhat Nuix. I understand you don't provide individual advice, but I'll let you know some specific circumstances to frame my question - but looking for a bit of guidance on your outlook for Appen and whether a higher share price is expected. I've held Appen throughout its downturn. I should have sold. Recently though, there has been a recovery in its share price since late July. Its up about 400% since then. Whats been the reason for the recovery (just because its now profitable?) and do you think its is sustainable? Is the business turning around? Do you have a view about the current outlook? The reason I bring up Nuix is because I also held this throughout its downturn but my view of Nuix was that its a quality business and believed it would turn around once the bad news had washed out - so I never wanted to sell out. I use Nuix in my work and know that the product is fantastic so I had a view that it would turn around eventually. I have a lot less knowledge about Appen. I don't think something similar will happen with Appen but I'm trying to assess how I play this current position, so your views about its future generally would be helpful. Thanks for all your help. Cheers, Josh
