So Pinto, I'll admit to being a late comer here and looking at the huge rise, the triple? top and sudden fall off disproportionate to recent FA developments. Low volume will play into the hands of those looking to trigger stop losses and supply at lower prices.
It seems that you and others have contact with the CEO, the only defence against the push lower is newsflow with the DoD contract being the biggie. The Australian article highlights the preference of US companies over foreigners for military contracts, will the US listing come before a decision is made, would that count? Who are the major competitors for this contract - Cordura? Massif? do we know who we're up against for it?
What is the likely EBITDA for the tent and new contract? Can't see AJX having an expensive business model, and could easily justify a high PE ratio given the number of sectors in their sights and the apparent speed with which they are penetrating them - bedding, carpets, building cladding all huge opportunities...
Many on these forums are sitting on massive gains over the past 12 months, I doubt many will be looking to buy more until a major update arrives? Or am I wrong and others are still accumulating?
AJX Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
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