A pretty ordinary report and the market ho-hum reaction reflects that
The good part is the Alexicool business is growing strongly. Also they were pretty much spot on with their cash flow outflow estimate from last quarter ($9746k est vs $9735k actual). Next quarter estimate is $6391k outflow so they should record a cash flow positive next quarter.
The bad part - well the fire retardant business seems bogged down. Military stuff seems to have reset , they are back at the Pyroman tests again. Licensing deal - no indications of when this is likely to happen or how much this could be worth. The "Looking Ahead" section didn't get me excited at all.
The question is how much capital to allocate to AJX as an investment, it has been dead money for 2+ years now and could remain range bound for who knows how long. During that time the NASDAQ has gone up 40%. I've lightened up to buy other stuff but am still holding some in the hope that next quarter will be better.
- Forums
- ASX - By Stock
- AJX
- Ann: Appendix 4C - quarterly
Ann: Appendix 4C - quarterly, page-81
-
-
- There are more pages in this discussion • 197 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AJX (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.05M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.8¢ | $4.731K | 480.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 56000 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 986958 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 56000 | 0.009 |
5 | 1384000 | 0.008 |
6 | 3850194 | 0.007 |
3 | 414667 | 0.006 |
1 | 300000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 986958 | 3 |
0.013 | 240000 | 1 |
0.014 | 134311 | 1 |
0.015 | 1200 | 1 |
0.017 | 15000 | 1 |
Last trade - 13.48pm 23/08/2024 (20 minute delay) ? |
AJX (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online