JAT 8.16% 45.0¢ jatcorp limited

Ann: Appendix 3B, page-34

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  1. 158 Posts.
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    No, the "advertised" announcement that involves the trading halt is regarding a business acquisition of some kind. These 3B announcements are just issue of shares that were announced a while back and voted in at recent meetings. If these were announced in isolation (even though everyone already knew about it) then the SP would likely react negatively, just because that's what jittery shareholders and price manipulators cause to happen.

    But rolling these 3B issues into the trading halt is probably a clever move, and any reaction will hopefully be absorbed into whatever the good news is about the new business.

    As to when the main announcement will arrive...it's expected today.

    Should you be worried? Who knows...historically JAT gets a little spike on good news, followed by SP retraction as the manipulators move in to keep acquiring as many shares as they can at the lowest possible price. A new business acquisition might also require more capital raising, which also might cause a reaction that puts the SP down a few notches. My personal opinion is that we won't see any decent surge or consistent price increases until towards the end of the year when all IF approvals have been lodged and received, the Shanghai expo has increased JAT exposure, and ramped-up production starts to produce positive yields to the revenue of the company.
 
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