AJX 5.00% 1.1¢ alexium international group limited

Sellers, please enlighten me

  1. 407 Posts.
    lightbulb Created with Sketch. 379
    Hi everyone, I've hit my accumulation limit so I would really like to know who is still selling? *facepalm*

    Looking at the numbers I tend to agree with the $1 valuation.

    With the current fundamentals it is not hard to imagine AUD$7.5m in profit in the next 12 months, a P/E of 40 is not too ambitious for a business that can grow 50% in the next 12 months (Pagasus alone could achieve that). So a market cap of 300m in 12 months is not unreasonable ($1 per share).

    Even if you assume a modest $5m profit in the next 12 months, with a modest PE of 26 (assuming a modest 6% growth per quarter) you get a valuation of $130m (43c per share).

    -Risk of Capital Raising (nil)
    -Risk of going bankrupt (nil)
    -Downside risk (low)
    -Potential for further growth (incredibly high)
    -Directors have skin in the game? (Yes)

    Can someone please enlighten me as to why this is a good time to be selling?
 
watchlist Created with Sketch. Add AJX (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.001(5.00%)
Mkt cap ! $16.40M
Open High Low Value Volume
1.0¢ 1.1¢ 1.0¢ $479 46.06K

Buyers (Bids)

No. Vol. Price($)
6 5248052 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 134000 1
View Market Depth
Last trade - 12.12pm 21/06/2024 (20 minute delay) ?
AJX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.