General discussion, page-868

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jake0002

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20/04/18

13:16

Post #: 32585659
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Originally posted by Wisefool22 ↑

Krusty, they did double their customer base in PCM and was selected by current customers to expand into other areas of bedding.

As to the 4c, I remember this from the previous quarterly report:
“Raw material purchases and manufacturing expenses drove the 13% increase in payments, and will position the company to fulfill increased customer orders in the coming months. The increase in purchases and production correspond to the balance of inventory on hand at the end of the reporting period which was up 15% at the reporting date. The accumulation of inventory, which was forecast in the previous quarterly report, will support the increased demand for Alexium’s specialty products in the coming quarter and drive gross profits as margins continue to increase.”
And based on what the company said recently I expect higher receipts from customers, even with the margin not increasing as expected... I don’t think it will be quite cash flow positive yet.
Also, December sales to new customers was responsible for half of those sales in the previous quarter and there is that delay to receipts. And January had one of the largest chemical sales.

So, I expect a much better quarter than the last, not as good as we thought a few months ago of course but I still think that the market is expecting worse than it will be.
All in my opinion of course, do your own research. We should find out next week!

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Who's dumping ??
What have I missed?
Has there been a leak of the Qtrly results due any time?
11m traded so far, and now down 1c to 17.5c

maybe AJX better get their Qtrly results out quick-smart before ASX and ASIC take a look?

AJX Price at posting: 17.5¢ Sentiment: None Disclosure: Held
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General discussion, page-868

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