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Sellers, please enlighten me, page-2

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25/08/17

11:00

Post #: 26753259
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Originally posted by Wisefool22 ↑

Hi everyone, I've hit my accumulation limit so I would really like to know who is still selling? *facepalm*

Looking at the numbers I tend to agree with the $1 valuation.

With the current fundamentals it is not hard to imagine AUD$7.5m in profit in the next 12 months, a P/E of 40 is not too ambitious for a business that can grow 50% in the next 12 months (Pagasus alone could achieve that). So a market cap of 300m in 12 months is not unreasonable ($1 per share).

Even if you assume a modest $5m profit in the next 12 months, with a modest PE of 26 (assuming a modest 6% growth per quarter) you get a valuation of $130m (43c per share).

-Risk of Capital Raising (nil)
-Risk of going bankrupt (nil)
-Downside risk (low)
-Potential for further growth (incredibly high)
-Directors have skin in the game? (Yes)

Can someone please enlighten me as to why this is a good time to be selling?

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Because they have never, never, ever achieved what they told they would!!! They are full of it!!!

AJX Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $15.62M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$102	10.18K

Buyers (Bids)

No.	Vol.	Price($)
6	3978785	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	113120	1

View Market Depth

No.	Vol.	Price($)
6	3978785	0.010
4	616765	0.009
2	182600	0.008
1	200000	0.007
2	378000	0.006

Price($)	Vol.	No.
0.011	113120	1
0.012	45455	1
0.013	1766914	4
0.014	564269	2
0.015	1200	1

Last trade - 12.28pm 26/07/2024 (20 minute delay)

AJX (ASX) Chart

Sellers, please enlighten me, page-2

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

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Buyers (Bids)

Sellers (Offers)

Featured News

Sellers, please enlighten me, page-2

Top Stories

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News