Well as they say: the stockmarket transfers wealth from the impatient to the patient.
I've been patient all the way from 32.5 cents. At times this stock was trading at little more than cash in the bank and that was even when lottery sales were increasing at a rapid rate.
Let see if they can get things going in Mexico by mid-year. Another revenue stream is going to make this company fairly attractive. And yes there is going to be a big marketing spend to kick things off but the benefit of social media is that sales can grow rapidly(almost viral) if it's something that takes hold.
They've now got 90 plus people beavering away on all these new projects. If they can stick with their Mexico launch date then that is going to be a huge boost for this company. $136 million market cap is not a lot for a company with JIN's cashflow and opportunities.
The are two potential problems for this stock
- putting cash into new ventures outside their business expertise (look at their recent history as Manacomm). Lets hope they don't try that again.
- a takeover. Will provide a quick win for stock holders but I'm not that interested in handing over a share of stock profits to "Julia and Wayne".
Get a grip you guys. Let Fattie do his stuff. Short termers who bought at $3.28 will be bailing out sub $3.00. Long termers will be accumulating today. Technical traders are going to be imagining shoulders, resistance levels, double bottoms and who knows what else. Hotcopper posters are going to be posting incorrect facts. It's all part of the game.
- Forums
- ASX - By Stock
- JIN
- half-year report - this does not look good
half-year report - this does not look good, page-11
-
- There are more pages in this discussion • 20 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 JIN (ASX) to my watchlist
|
|||||
Last
$14.01 |
Change
-0.170(1.20%) |
Mkt cap ! $882.1M |
Open | High | Low | Value | Volume |
$14.14 | $14.23 | $14.01 | $2.352M | 167.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 9508 | $14.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.10 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 9508 | 14.010 |
5 | 33514 | 14.000 |
1 | 2000 | 13.990 |
1 | 1024 | 13.960 |
1 | 1024 | 13.930 |
Price($) | Vol. | No. |
---|---|---|
14.100 | 1000 | 1 |
14.110 | 1024 | 1 |
14.140 | 1024 | 1 |
14.170 | 1024 | 1 |
14.200 | 1024 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
JIN (ASX) Chart |