"AJX has guided to CY16 revenue of US$4m for the division, split 22% 2H16 and 78% 1H17."
I read it as though the $4m is split 22% (880k) to 2H16 and 78% (3.12m) to 1H17 NOT $4m to 2H16 and then $18m in 1H17
Moelis update, page-13
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