The company is doing ok. The problem is not so much that the share price is down today, but that it was high in the past. The SP in the past was driven by hype and unrealistic expectations of sustained exponential growth. It wasn't a fundamental problem with the company, but just the fundamental reality that drove down the SP.
I think it could be a good time to buy at the moment, though saying that it could be better again after the 1H, depending on what's in it, but I doubt that the numbers will be exciting anyone terribly. They will in my opinion likely further drive home the reality that AJX could still well be some years away from profitability.
I still believe that the FR product is what AJX's actual potential to do something big depends upon. However, progress in this segment is frustratingly slow and as time goes on it seems that there is growing risk that it may never take off. If it doesn't take off then AJX will likely have been a dud.
My two cents anyway.
AJX Price at posting:
31.0¢ Sentiment: None Disclosure: Held
