Don’t get me wrong, good on you for getting out at 63c, anyone would prefer to get in now but I don’t think anyone can predict these price changes. I’ve sold some at +$1 in the past and happy to have my average at 47c now.
But to say it’s going to take a long time to make money, at the brink of turning cash flow positive?
Ajx is currently 40c per share, imagine we make 3m in earnings in the next 12 months ($0.01 per share)... Thats only $250,000 a month, which is less than the positive cash rate for June. So, WITHOUT TAKING INTO ACCOUNT ANY EXTRA GROWTH that’s a PE of 40.
Now, revenue grew +700% in FY16, +500% in fy17. Anyone who has done any research knows that this is still a growing company, with margins getting close to 40% I don’t see much downside at these prices. But I guess it’s people who think it’s going to take a long time for this company to make money who are selling it at 40c, so I guess I should be thankful.
- Forums
- ASX - By Stock
- This institutional manipulation talk is bunk
Don’t get me wrong, good on you for getting out at 63c, anyone...
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJX (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $1.864K | 233.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1258409 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 57000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1208409 | 0.008 |
6 | 3850194 | 0.007 |
4 | 581167 | 0.006 |
1 | 300000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 57000 | 1 |
0.010 | 150000 | 2 |
0.011 | 1000000 | 2 |
0.013 | 669958 | 2 |
0.014 | 134311 | 1 |
Last trade - 14.36pm 30/08/2024 (20 minute delay) ? |
Featured News
AJX (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online