I was wondering the same thing.. 2,250,000 at $2.55. JIN has an intrinsic value based on cash flow at just under $6 so I guess they figured $2.55 was still a bargain. Good balance sheet with plenty of cash and no debt. Forager Funds Management has been buying a few over the past 6 months as well.
Happy days ahead for holders imo.
My comments only. DYOR.
special trade @ $2.55, page-3
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 (20min delay)
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Last
$15.13 |
Change
0.130(0.87%) |
Mkt cap ! $955.8M | |||
| Open | High | Low | Value | Volume |
| $15.13 | $15.23 | $15.02 | $632.3K | 41.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6 | $15.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.14 | 100 | 6 |
View Market Depth
| Last trade - 15.55pm 09/08/2024 (20 minute delay) ? |
| JIN (ASX) Chart |