Wonder whether star stockpickers Wentworth Williamson will be participating?
They are surely hurting from todays announcement, no doubt AJX will weight heavily on their performance again this year, they surely can't afford yet another negative return. 3 years of significant negative returns in a row wouldn't win them many customers.
Will they and the other large holders continue to throw good money after bad? Or will the instos hang this out to dry and pick up the assets on the cheap, once she goes insolvent?
AJX needs a very high proportion of participation to pay off their debt and survive into next FY. What does everyone else think participation levels will be like?
AJX Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
