AJX

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1.0¢ alexium international group limited

share price and performance, page-29

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Parsifal

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17/08/16

05:12

Post #: 18534267
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Originally posted by happytrader2015 ↑

Just out new Moelis report
Event
Alexium has announced that iTextiles has sourced new business
developments and international sales contracts for its Alexicool
technology. New customers referred by iTextiles totals annual
revenue of more than US$1.7m in CY16.
In addition to the US$1.7m in revenue, AJX has received orders for
multiple containers of chemistry from 2 well-established companies
that manufacture adhesives and coatings. It is estimated that the total
annual market for adhesives and sealants is estimated at US$42.5bn
globally, with an annual growth rate of 3.2%.
Impact
AJX has commented that it is on track for expected ramp-up of
revenues in 2H CY16 (i.e. July – December 2016). We understand that
AJX has added significantly to its inventories in 1H CY16 (i.e. January
– June 2016) to accommodate this and potentially other contracts.
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. Our view is
that the next catalyst for this stock will be the FY16 earnings report
where the market will look to see if AJX has reached 20-25% of
US$18.5m for revenue in 2H16.
Investment View
We reiterate our BUY rating and 12 month target price of $1.20. We
view AJX as a strategic investment leveraging increased scrutiny on
stringent fire safety regulations and banning of toxic and harmful
chemicals in traditional brominated and halogenated flame retardant
products

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Do you have a reference for that report. Is it in addition to the one released not that long ago that appears on the alexium website?

AJX Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $15.62M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$25	2.505K

Buyers (Bids)

No.	Vol.	Price($)
6	3123733	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	185205	2

View Market Depth

No.	Vol.	Price($)
5	3073733	0.010
2	266666	0.009
3	516044	0.008
1	200000	0.007
3	628000	0.006

Price($)	Vol.	No.
0.011	185205	2
0.012	45455	1
0.013	240000	1
0.014	564269	2
0.015	1200	1

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share price and performance, page-29

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

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share price and performance, page-29

Top Stories

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News