Chanticleer

What we learnt: Appen, NextDC, Helloworld, Integral Diagnostics

Small cap results are flying around the market like confetti. Here are a few that caught our eyes for good and bad reasons on Monday.

Aug 28, 2023 – 4.30pm

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On the big days of this month’s earnings season, The Australian Financial Review’s Chanticleer columnists James Thomson and Anthony Macdonald have extracted the gold from the key profit results.

JT: When a stock plunges like AI technology group Appen did on Monday following its first-half results – down a painful 29 per cent in a day – we’d usually call that a surprise. But that’s not the case when it comes to Appen, which has seen 14 peak-to-trough falls of more than 20 per cent over the past five years, and five in the last 12 months alone.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.