Jatcorp purchased a majority holding in Golden Koala who were not going so well. They were cheap because of that. Even with the necessity for Golden Koala to call in receivers to recover $2.5mil from Nutritional Choice Australia Pty Ltd they still made a few sales with Jatcorps assistance. That $2.5 mil was an actual temporary write down of real money. It still has a very good chance of being returned when NCA is sold, and added back into income.
A majority holding was purchased in Green forrest and Sunnya. Both were a screaming buy as they were net profitable, had fantastic management that would stay and synergy's with JAT. Jatcorp have grown them even more. They have paid dividends to Jatcorp from net profits, not the other way around.
Jatcorp then bought an even larger majority holding in ANMA. ANMA were not going so well so Jatcorp bought them cheap and with Jatcorp contacts and management have provided manufacturing contracts not seen by them previously. Jatcorp have also provided 65% of the funding for doubling the factory production capacity and a much broader line capability. And once again no goodwill was sold. Get it right. Those intangible write-downs will provide Jatcorp tax benefits for years, providing higher net profits than would otherwise have been the case.
The other 50/50 subsidiary's should provide excellent opportunity's for growth in other products and Hangzou JAT is 100% owned by JAT.
If you like shares in a boring single company without subsidiary's and not expanding into new markets go somewhere else.
Jatcorp is on the right path to grow faster than any one trick company IMO.
(20min delay)