If this was the DOW, 20% is pretty much a market meltdown. For JAT it's also a huge drop in a couple of days and kneejerk reaction or not, investor confidence has been knocked a blow. JAT management need to make announcements as they happen good and bad - more transparency and duty of disclosure obligations. By not having manufacturing for a period of time and knowing the impact of Chinese holidays/festivals and even delays in store opening all have material impacts and as such are market sensitive and should have been announced. Leaving elements of bad news to be in a Q report that's released just prior to market close is a sign of trouble - hence more than just a kneejerk or otherwise reaction.
As a bye is JAT paying rent for the yet to open shop - wasting money???
Ann: Appendix 4C - quarterly, page-89
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Last
49.3¢ |
Change
0.008(1.55%) |
Mkt cap ! $41.00M | |||
| Open | High | Low | Value | Volume |
| 49.3¢ | 49.3¢ | 49.3¢ | $1.231K | 2.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 30062 | 2 |
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| Last trade - 13.03pm 15/11/2024 (20 minute delay) ? |
| JAT (ASX) Chart |