LAW 0.00% 0.5¢ lawfinance limited

JKL finally made steps to turnaround

  1. 50 Posts.
    Hello, ive been an investor in jkl for some time, my buying price was in the low twenties. So i'm sitting on a 30% plus loss atm. In the last couple of months i haven't been happy with the company as they have been too much at once. Yesterday and today announcement i believe is positive for the company , so it can more forward.
    1/ Changing CEO from Phillip Kapp to Diane Jones. As i think Phillip Kapp was all talk and very little action. Also Diane lead IMF to become the company they are today, mainly the US expansion.
    2/ Cutting costs so we can be profitable ( Hopefully achieve the 3 million dollars cost saving measures) e.g reduce board cost and etc...
    3/ Converting the convertible bonds to shares
    4/ Appointing Anthony Murphy to the board ( As he should hopefully work in the best interest of the shareholders
    5/ Separating the towards a trust structure, to reduce future leakage
    6/ reducing the price of NHF acquisition to US 61.8 million from US 68 million
    7/ Issuing more shares for the purchase rather than a heavy capital raising or the use of more debt.
    8/ Then hopefully reduce the price they borrow money throughout the business

    I believe these changing will help the share price recover,grow overtime and restore confidence in this company.
 
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