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PinkRocks27

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05/09/20

11:31

Post #: 47110135
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Originally posted by susieq: ↑

@Angus27 one does not know as the company does not provide a breakdown. Id say a litlle bit of revenue maybe from soft tex but I think its these current and coming quarters that will have more revenue from soft tex as things pick up. Personally I was thinking we may start to see some revenue from Soft tex starting around June as that was a couple of months from siging of contract and the company did say sales orders picked up in June.

My understanding is revenue can be lumpy in the bedding industry as customers might say buy a big lot then not reorder again for a couple of months, depends on their demand, so I was interested to see the use of the word sustainable EBITDA for the 4th quarter FY20/21 in the companies latest announcement
Regards

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Thanks for your rundown @susieq.

Can I just ask you to clarify what precisely you mean by "as things pick up" in your second sentence on your last post in regards to soft-tex revenue please?

Are you referring to seasonal demand fluctuations in the bedding industry?

Or to the loosening/opening up of Covid restrictions on businesses/consumers in the US?

Or do you have some other info which leads you to believe things are on the up?

GLTAH

AJX Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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General, page-1156

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