"Customer numbers down. Not because of retention issues, but a strategic choice. They have so much to do for existing customers that they'd rather focus on much larger customers of 20-50m with higher margin than 1-2m. Makes sense and fully explains the discrepancy between some previous reports and the Petra report. They're no longer chasing tiny low margin business. They want to get to profitability as soon as possible."
Does this mean revenue will be down? Is this the reason for no forward guidance?
Any ideas how AJX will pay back its borrowings in 10 months time when it expires? Considering the cash rate is 1% in the US and bank interest is around 0.4%, does anybody consider the loan at 15% a little excessive and desperate?
These are just a few of my concerns on this beautiful night......
AJX Price at posting:
53.5¢ Sentiment: None Disclosure: Held
