It's interesting as this is what was said in the 'Foundations for 2016' announcement late 2015:
So is this the client(s) worth US$4mill that Moelis are (maybe incorrectly) referring to? Is this where they got their figure from? Or is this new revenue not previously accounted for? As that 2015 announcement stated that the baseline figure was gor already secured orders you'd assume based on the wording of this announcement that this is a new order. Even if the former it means they have accounted for their total previous 2016 forecast for this sector by mid-May, so it is clear they are going to outperform their baseline forecast.
It's all a little confusing. Might be a good time for AJX to provide a 'Foundations for 2016' update announcement.
Moelis update, page-41
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