Ann: Foundation for 2016, page-191

It's these types of ANNs that seem to have impacted on AJX...

The talk by posters on this thread at the time was $18.5million was baseline earnings - profit... Or at the very least $18.5 million was the absolute minimum AJX would have in revenue... As you can see, $18.5M was "already secured" for 2016... Just from the customers they already had. With the potential for $44.7M...

Only over the past 9 months they have continued to secure further customers and contracts... Yet they are only mentioning "on target to meet target of $18.5M"... But if they are also securing further customers shouldn't AJX be on track to exceed $18.5M by the amount they have secured so far this year?

If you were to look at $18.5-$44.7M as 'guidance' for this year... If I were i holder I would be frustrated if they were not seemingly only aiming for the bottom of this range.

Obviously they could have a stand out second half... But obviously the market is playing the percentages and playing it safe by selling and sitting back and watching...

We have seen many once "in love" stocks on HC go from large MC and highs to huge retraces. Over a similar period to what we've seen AJX go from 18c to $1.17 and now back to 47c...

For example:

RFN: high of $1.96 and now 7.4c
1PG: high of $5.69 and now 25.5c
CVT: high of 68.5c and now 12.5c
TMP: high of 86c and now 31.5c
NOR: high of 16.5 and now 1.9c
IOT: high of 18c and now 2.7c
AJX: high of $1.17 and now 47.5c

Each eventually running out of "hype" or "puff" and eventually relying on dollars... It wasn't that long ago that anything under a dollar for AJX was "cheap" that of course = 50% loss currently... Then the CR price was meant to be the new base... Now 30% below that. Point being... Even at 47.5c and while it is in down trend there is still potential to lose large %s...

And IMO AJX is currently in this phase of relying on dollars... And their track record of not meeting previous guidance doesn't help...

In the July quarterly they used language of $18.5M being their target revenue for this year... Which is very different to $18.5M to $44M (based on already signed customers).

As for charts... There have been a series of four blow off tops since AJX's high... Each of a lower high... And each with a following lower low... Which to me appears to be well calculated selling...

Currently at a $142M market cap... (Yes I know Amazon has a bigger MC and so do countless others...) but this is the ASX... For me personally if I were to buy AJX again I would looking at something in the range of 70-100million MC...

Good luck holders. Here's hoping they announce a mammoth Ann sometime soon... And you all get to laugh at observers such as myself. Many of you have been holding and researching for a long time here.