i have been invested in AJX since August/Sept last year...

i have been invested in AJX since August/Sept last year therefore you will have an idea on my approximate entrance price. This is my first time post...

i felt compelled to write as i think the 'hired goons' are having a fat time of it lately. whenever doubt creeps in i get the calculator out and do some sums. i hope this helps some but must stress DYOR. i invite discussion on my numbers and welcome a balanced debate (i can hear the Harlots and Charlatans warming their fingers already...)

SP Calculation (assuming Exchange rate of $0.75USD)

Year Revenue x Margin / Shares x PE = SP (value)
CY 2016 (published) 24.67 x 0.5 / 300 x 30 = $1.23
CY 2016 (Upper potential) 58.67 x 0.5 / 300 x 30 = $2.93
CY 2017 (possibility??) 133.33 x 0.5 / 300 x 30 = $6.66

Now, if the SP does not react to revenue (actual/potential) but revenue grows as such my dividend plan comes into play, and the SP can do whatever the hell it likes. i believe 2017 will be the start of dividend payments

anyway, the numbers might be too simplistic and certainly appear unreal. please reply with genuine response to those numbers and DONT reply with debate if not prepared to back up your position.

Regards

BW