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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

Post by dt_coreon Aug 30, 2021 11:28pm
222 Views
Post# 33786401

New Claas Terminal

New Claas TerminalLooks like Claas has replaced the S10 terminal (made by AJX) with an "in-house" made product. The receiving and steering tech was developed in collaboration with Trimble. I'm not sure what this news implies for AJX nor do we know what role AJX modules play in Claas new products. It's possible that AJX has lost share here BUT it's also possible that this new system involves AJX modules in combination with trimble tech. Remember AJX has long said that it's niche is to allow OEMs to create solutions that combine tech from numerous providers and frankly AJX is no longer in the terminal business post the sale of Outback (the S10 was essentially a white labelled Outback Max). Claas is still offering the S7 terminal as a retro-fit option in case farmers don't want all the functionality of the new terminal. The S7 is made by AJX so clearly the business relationship between AJX and Claas is still intact.


https://www.claas.co.uk/news-testimonials/current/claas-news/new-generation-cemis-1200-smart-terminal/2524774
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