https://mywealthforlife.com/axl-aug2018/ Agreed. High-risk high...

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7fz572

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28/08/18

20:24

Post #: 35246852
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Originally posted by BigBombr ↑

AXL are playing in the highest risk sectors of the equipment finance game. Transport (enough said), and fit out funding to the hospitality industry (solely against equipment & personal guarantees). Great when the consumer is spending, not so if rates move upward, or you're in the wrong part of the market (even Zumbo collapsed).
Finance arrears are based on whether clients are making payments on time, someone was querying the terms of trade they offer, but in this case it's clients missing their monthly payments that increase the arrears numbers. And they don't read well, on a % basis they're too high for a new finance book that's still growing.

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https://mywealthforlife.com/axl-aug2018/

Agreed. High-risk high reward environment. Continuing growing impairments and arrears are not good for their cash flows when AXL still have to pay interests to its bankers/funders and its listed bond-holders on time regardless whether its debtors pay on time or not.

It will be interesting to see if senior management & executive management will be buying the stock on the market to show some confidence in its business direction.

AXL Price at posting: $1.70 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.2¢		Change -0.007(8.86%)		Mkt cap ! $7.259M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.2¢	$45.13K	603.9K

Buyers (Bids)

No.	Vol.	Price($)
3	96484	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	171111	1

View Market Depth

No.	Vol.	Price($)
3	96484	0.070
1	134600	0.066
3	108306	0.065
1	50000	0.060
3	378334	0.055

Price($)	Vol.	No.
0.074	171111	1
0.080	50000	1
0.082	149751	1
0.092	50000	1
0.093	9000	1

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https://mywealthforlife.com/axl-aug2018/ Agreed. High-risk high...

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https://mywealthforlife.com/axl-aug2018/ Agreed. High-risk high...

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