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15:27
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Originally posted by Parsifal
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I’ve just read the latest Moelis update and couldn’t help myself. They comment:It is our understanding that the US$1.7m in revenue from new contracts is already included in AJX’s revenue guidance of US$18.5m for CY16, therefore, there is no change to our estimates. “Whilst we have factored in market share growth in each of the divisions outlined above, we have not explicitly estimated new sectors for AJX.” Hard to imagine that they would not include a new market and new customer in the figures but include a new product that wasn’t even sold yet and not specifically mention that. Alexiflam SYN-FILL in their earlier report says it:“ is targeted for the plastics market including films, adhesives, fibers, masterbatch and composites. This chemistry is durable, halogen free and cost effective.”
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There was a 10th May Moelis update that was distributed by Alexium on 11/5/2016.
(20min delay)