Ann: Preliminary Final Report-AJX.AX, page-29

As a long term investor, I still have confidence in AJX but this report is clearly a disappointment

Revenue for FY 2016 = $3.40 million (AUD)
Revenue for H1 FY2016 = $1.25 million (AUD)

Therefore:  Revenue for H2 FY2016 = $2.15 million (AUD)  = $1.6 million (USD)
This is about half what I was expecting.

That means they need $17 million USD revenue in the last 6 months of CY 2016 to meet base case market expectations.  If company claims of being on track for this are to be believed, they are looking at a hell of a run rate for Q4 ....


Holding for the long term but feeling troubled!

Sentiment changed to Hold