Ok, here's some rough calcs to see if AJX is cheap or not.
Let's be conservative first of all and assume revenue of US$12m for the second half of CY16, then assume a full year revenue result (June16 to June17) of US$24m. That equates to approx AU$31m.
Now if we assume margin is at the bottom end of guidance (30%), then at the current market cap we come out to a PE ratio of approx 17. Sounds good to me for a high growth stock!!
AJX Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held
