Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Great Ajax Corp T.AJX


Primary Symbol: AJX

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.


NYSE:AJX - Post by User

Comment by KerBeron Mar 20, 2019 7:55pm
137 Views
Post# 29514194

RE:RE:RE:Financials.

RE:RE:RE:Financials.
These are good numbers, compared to previous years, they are great numbers. Having said that, the big jump in revenue is due mostly to the large deal we signed with Claas a year ago. That deal ends in June of this year. Will this turn into a recurring order or is it a one off? The answer to that question will determine where the share price goes. Another factor and a very intriguing one is the framework agreement announced in Dec. between the company and Mahindra. More details would be nice, such as revenue projections, timelines, etc. The results for Q4 were nice, other than margins dropping by 8%, most other metrics were very positive, cash position has risen from $13.9 million to $21.4 million, no fear of the company needing to raise cash or dilute. I think it is important for the company to try and reduce our dependence on Claas for the bulk of our revenue, we need to sign more agreements with the bigger OEM's to diversify our revenue stream. Good quarter and year, now lets see if anyone in the investing community is paying attention.
<< Previous
Bullboard Posts
Next >>