AJQ 0.00% 10.0¢ armour energy limited

31/3 report, page-17

  1. 2,242 Posts.
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    There's a decided lack of interest in AJQ which I think is because of it's position in the development scheme. The main players that control investment are followers of advices recieved from accountants. Accountants by and large have the imagination and foresite of a stone. I.E. an accountant would put thumbs down on a stock selling at 10c because it's a tad on stuggle street however when that same stock overcomes its' deficiencies the same accountant would give thumbs up at $1.10. As AJQ develops it will fulfill the requirements of the accountant advisers who will then recommend it to their clients who will then buy quite happily at a P.E.R. of between 10 & 15. It's all dependent on how the investor sees it and right now the investor is not seeing AJQ at all. I think the next quarterly result will put a very different light on this stock. Keep the faith.
 
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