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17:05
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Originally posted by muppet655
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If you can step back from the SP, what is it about the company that looks so bad? Markets attach the wrong value to stocks all the time, especially when volumes are low, financial details only just appearing and retail holdings high. Implying that AJX is a mature enough company operating in a section of the market where valuation will be appropriately 'discovered' is ludicrous. It's abundantly clear that sentiment is what is driving this together with a dose of exploitation of that sentiment. The price could range in s large and below and above the current level and be 'fair' I think what I and some of the other positive posters are saying is that the company is setup to offer substantial upside from where they sit with the risk balanced in that direction medium term.
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It's difficult to "step back from the SP" when the SP has now descended into shades of burgundy and LT shareholders have been losing money for at least 2 years.
