After reading a long discussed thread on TA I thought it opportune to start discussing Fundamentals, after all AJX has been derisked hugely during 2015.
I have run my F.A.K.E. Company analisis tool over AJX and arrived at a revenue figure that AJX 'needs' to attract as revenue for 2016.
That figure is $12 - $14m to be able to justify it's current share price of .80c.
Arrived at after being very generous with a P/E ratio.
Should very interesting next two quarterlies.
After all it is Fundamentals that dictate whether a company rises or falls
AJX Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
