AJX Indicative Opening Price. Valuable? Or not?, page-6

I wouldn't take too much notice of the pre-open or first hour.

As many have noted, an overwhelming majority of the share register is tightly held by long-term investors with an eye on 2017 and beyond. This means there can be short term volatility one way or the other on relatively small volumes, especially at the moment with bots taking the sp down half a point on as little as two shares, then brokers buying significant volumes just above that on cross-trades.

IMO, ultimately we are waiting on confirmation of significant revenue growth for CY16, and the sp will bounce around merrily until then.