AXL has gross margin after finance cost around 70% and going up as bond [email protected]%.
they had 3.8% over net receivable 336m in 30 days arrear, and they impaired 7mil plus, even they written down all of the remaining 5mil, that gives net profit of 2m plus, which roughly pays the div 2.9c ... given the fund has grown over 100% in 12 month, that's still acceptable result, and considered far better than Z1P, which marketed 3 times bigger than us.
AXL Price at posting:
$1.62 Sentiment: Buy Disclosure: Held
