As a long term investor, I still have confidence in AJX but this report is clearly a disappointment
Revenue for FY 2016 = $3.40 million (AUD)
Revenue for H1 FY2016 = $1.25 million (AUD)
Therefore: Revenue for H2 FY2016 = $2.15 million (AUD) = $1.6 million (USD)
This is about half what I was expecting.
That means they need $17 million USD revenue in the last 6 months of CY 2016 to meet base case market expectations. If company claims of being on track for this are to be believed, they are looking at a hell of a run rate for Q4 ....
Holding for the long term but feeling troubled!
Sentiment changed to Hold
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