Terrific pick up JG123! Thanks and well done.
disallowed link/our-top-4-asx-stocks-benefit-biden-presidency/Winner 4: Alexium (ASX: AJX)
Alexium specialises in the manufacturer of flame-retardant chemical compounds for application onto synthetic materials.
It develops environmentally-friendly flame retardant chemistries for many fabrics, including synthetic-rich fabrics, in the textile industry. It also creates custom solutions that yield “exceptional FR (flame retardant) performance and provide any other fabric characteristics that are required for end-use application
There is new environmental legislation planned and the chemical industry is a target especially post revelations regarding DuPont’s Teflon.
This will include toxic chemicals used in Fire Retardants such as Bromine.
Alexium’s portfolio of environmentally friendly specialty chemicals will be in greater demand.
Alexium CEO Dr Bob Brookins put AJX’s position into perspective when he spoke with Next Investors.
Bromine was about to be banned in 2015 under a Chemical Toxins bill covering a number of chemicals that was being pushed by Democrat Senator Charles Schumer ( now Leader of the Democrats in the Senate). That bill was shelved but with the Democrats back in charge and the environment at the top of the agenda, we should see this bill revived.
This bodes well for companies such as AJX.
We invested in AJX in March at 6.5c and continue to maintain a large holding. We see major upside for the company especially as with its ESG focus.
Here’s why we invested:
The final word
Joe Biden is expected to take office in January. However, he is already hard at work trying to reunite America, whilst moving the country forward in terms of policy.
Many of his policies are favourable to the movements we have seen outside of the USA that are leading the world in better governance and environmental management.
This means, there will be markets that benefit and investors who will be rewarded.
Companies such as EMN, WHK, AJX and VUL, should all be the beneficiaries of Biden’s policies.
*** here is the the link for Bob Brookins speaking
https://soundcloud.com/nextinvestors/ajx-us-election
