The reason that real patience is required with a stock like JAT is because it is impossible to predict what/when/why the SP will appreciate. JAT seems to be a particularly confusing beast in this respect. Who knows, the market may wake up when it's least expected and no news has been provided.
This is why I am focusing my attention purely on the business news and not on the SP henceforth.
I can't predict what/when/why with the SP but with each announcement you can start to predict what/when/why of the business' vision, potential revenue figures, profit margins, products etc.
I'm holding JAT until the news and developments coming out of the business is no longer bullish and I expect the SP to at some stage catch up with where I believe the business should be valued (who knows when!!)
On a side note, keep in mind that today is one of the worst days the market has had in a while - ASX down 2.5% and red across the board so closing flat is a good result.
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Last
75.0¢ |
Change
-0.040(5.06%) |
Mkt cap ! $63.28M |
Open | High | Low | Value | Volume |
79.0¢ | 79.0¢ | 75.0¢ | $8.119K | 10.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6480 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 6480 | 0.750 |
1 | 1428 | 0.700 |
1 | 3846 | 0.650 |
1 | 17500 | 0.645 |
1 | 1650 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.775 | 1386 | 1 |
0.780 | 30000 | 1 |
0.790 | 59532 | 3 |
0.800 | 22550 | 3 |
0.805 | 3000 | 1 |
Last trade - 15.23pm 03/10/2024 (20 minute delay) ? |
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JAT (ASX) Chart |