TA discussion, page-5409

Is it a plane, is it a bird......no its a descending "Supermanish" triangle......

Ok now we have that settled.....lets have a look at this so called growth.

Now lets have a little look back to the end of last year. The December quarter AJX claimed REVENUE of $7.4m but had only received $5.3m in cash receipts but had $2.3m in outstanding receivables.

Fast forward 6 months and AJX has received $13.3m in cash receipts and also $1.5m in receivables.

So the year to date they have made $14.8m

However $2.1m of that figure is for last Decembers quarter.

Therefore AJX has made $12.7m in revenue for the last 6 months.

That averages to $6.35m in revenue for each quarter which is actually a reduction to last years December quarterly......$7.4m vs $6.35....

Hence the reason I was questioning why there was no guidance.....I think we have found the answer....

Because its actually retracted, just like it's cash reserves, share price, descending triangles, directors and ultimately sentiment.