The Appen Ltd (ASX: APX) share price has sunk nearly 80% from its highs in 2020 to now rest at $9.81. Multiple guidance downgrades, bearish analysts reports and shifting customer priorities have presented major challenges for the business. Despite the share price fall, the selling could be potentially overdone. Here, I’ll be presenting the bull case; and it might not all be…
The Appen Ltd (ASX: APX) share price is well into the red today after Macquarie Group Ltd (ASX: MQG) downgraded its Appen price target from $11.80 to $9.50. Subsequently, the Appen share price has plummeted 14.43% to $9.96. It’s been quite the fall from grace for the artificial intelligence labour-hire company, with its share price now 75% below its…
Online retailer Kogan.com Ltd (ASX: KGN) announced at its FY21 annual general meeting on Thursday that it expects to triple sales over the next five years. The market has been unfazed so far by this ambition, with the Kogan share price down 0.79% to $8.80. Bigger and better Founder Ruslan Kogan said after 15 years of operation, Kogan is just getting…
Harvey Norman Holdings Limited (ASX: HVN) has released a trading update for the first five months of FY22 with profit before tax (PBT) down 35.5%. After initially falling more heavily, the Harvey Norman share price is down just 0.19% to $5.18. HVN share price Stuck in the middle Key results for the period from 1 July 2021 to…
The Life360 Inc (ASX: 360) share price won’t be moving today after the company announced a capital raising to fund the US$205 million (AU$283 million) acquisition of Tile. Tile is a hardware company that helps customers keep track of items such as backpacks, keys and passports by attaching ‘Tiles’, which come in a variety of shapes and…
The Treasury Wine Estates Ltd (ASX: TWE) share price is moving into the green, after the business announced the acquisition of Californian-based Frank Family Vineyards (FFV). Currently, the Treasury Wine share price is up 2.76% to $11.56. From commercial to luxury Treasury Wines will acquire FFV for US$315 million (A$432 million). The purchase price values the vineyard on an enterprise value…
The Ramsay Health Care Limited (ASX: RHC) share price has tumbled into the red after the global private hospital network provide an FY22 trading update. At the time of writing, the Ramsay share price is down 5.1% to $68.58. Cost pressures weigh on profits Key financial results from the first three months of FY22 include: Unaudited revenue up…
The Telstra Corporation Ltd (ASX: TLS) share price resembles somewhat of a rollercoaster. But not in a fun way. TLS share price In fact, all the way back in 1997 when Telstra was privatised, shares were first sold for $3.30. If you bought them then, you would have received less than a 1% per annum return. Notwithstanding…
The Link Administration Holdings Ltd (ASX: LNK) share price is on the move, after the company received a takeover proposal (Friday.) Currently, the Link share price is up 11.78% to $4.84. LNK share price What was announced? Private equity outfit The Carlyle Group has made a conditional non-binding offer to acquire 100% of the shares in Link. The proposal…
Both the Netwealth Group Ltd (ASX: NWL) and Praemium Ltd (ASX: PPS) share prices will be on watch today after Netwealth proposed a merger of the two companies. Currently, the Netwealth share price is largely unmoved at $17.20.|Conversely, the Praemium share price is racing upwards, increasing 15% to $1.43. Netwealth eyes off Praemium Netwealth submitted a non-binding proposal to…
