Hmm just to weigh in here, yes everyone is sceptical regards statements of late regards growth, however maybe its just "us" who are not prepared to accept whats being said due to past history. Even though we are all saying different era different CEO I think we are not really putting the past behind and believing whats said(some might say with good reason and I agree we do have reason to be sceptical).
However IMO Dirk would be fully aware of the past and has been mentioned by @melastcracker "I've previously covered this with Dirk and he seems to be very aware of it and the impact it's had on the company, I don't see an issue going forward if he is in control of it" post 28887239 and I am sure others have corresponded with him as well regarding this.
So if Dirk is fully aware of the danger of espousing things to ramp the shareprice only, if he is aware of danger of the damage of missed targets etc why do we not believe now what he is saying, Surely he knows at what point the company is at, surely if he is espousing an increase like he has its because the companies concerned are already involved with scale up, production trials etc, (remembering they have weeded the low performers out etc eg they are now being selective of who they sell too this comes from a postion of strength from Alexium IMO about what they have).
So my argument is why are we not allowed to believe what has been said especially in light that Dirk and team are talking about a market we are already making revenue from hence they would have more idea NOW. This is the crux IMO we have runs on the board, previously when Nick and co espoused they did not know how long it would take they did not know about what revenue etc it was a learning curve.
Well Alexium have done the hard yards in those early days and surely we should allow that they have "grown up" since 2015/2016 and now know what they are dealing with especially in a "platform area" they are already making good revenue from, remembering the 400% increase proposed is related to mattress sector as shown below.
As for everything else which is happening too sheesh, why cant we just be allowed to get a little excited
all my view and understanding stand to be corrected on anything roll on 2018. ATB to all
"No blood on the floor when I had to leave AGM Mak. All pretty amicable thus far.
Will put some notes on later, but best bit I liked was Dirk when talking about chemicals sold to mattress customers could go up 4 times in next few months from 90million tonnes per month to 360 million and then they have just begun discussions with other big mattress ticking supplier than would multiply that figure (360 million) by another 3 to 4 times.
Do the maths on that one.
Also to dispel another rumour, military business will NOT be low margin(but don't tell DOD that)"
Alexium’s first platform product, a combination of flame retardant, PCM, anti-odor and anti-dye-transfer chemistries, and a binder package. Launched in early FY2017, Alexicool shipments grew by 1800% during the year by expanding to eight finishers on over 25 mattress brands. In the next year, we expect continued expansion into other components of the mattresses and lower price/higher volume mattresses which willpotentially increase sales volumes by a factor of 400-500%. Additional growth opportunities lie in Europe, where Alexium is just starting to build on our initial foothold
Over the past year, Alexium’s rapid growth in sales has been predominantly with North American bedding manufacturers. We have focused on expanding that customer base to other textile markets around the globe. Alexium is seeing the success of this effort with the launch of our Alexicool™ technology with a strategic partner in China. We have shipped the first commercial order with the first production run scheduled for the 2nd week in November. Ramp up and expansion is expected in Q1 calendar year 2018 as our partner further penetrates retailers for these markets
Expansion in bedding will continue to drive revenues upward: • Planned expansion into the pillow market with Pegasus Home Fashions, a major supplier into “Big Box” retailers (i.e. Walmart or Bed, Bath, and Beyond) • Five new customers have come online in this space in the last several months • New business represents an estimated $4M p.a. post scale-up
AJX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
(20min delay)