AJX 0.00% 1.2¢ alexium international group limited

Ann: Appendix 4C - quarterly, page-53

  1. 174 Posts.
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    Mixed emotions continue....

    Investment 101, Warning signal when a growth company stops growing. Not sure I can stomach the companies explanation.
    Headwinds and reducing revenue due to seasonality (bolox). Are we not ment to be realising revenue from Pegasus? Even if the sector is in a seasonal lul it should still be contributing to our growth? We were not getting any revenue from bedding previously so are not exposed to any seasonal downturn.

    I can't trust management's explanation. It's more likely that we are not getting traction with the market and it is being spun to us as a strategic move.

    I can't get optimistic about this stock anymore. So time to look for the door.

    Have set a stop for half my holding at 38cents.

    I'll continue to hold some, because there is still opportunity, even if it is getting less exciting. If I was not a current holder, I would be watching AJX looking for a opportunistic entry point.
 
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