Jin departing means margins will reduce from 20% to 10% - the market has immediately adjusted for this and this is what you are seeing.
The contract with Lottery West can yield upto $5 million per annum. This is not priced in because the deal has not been formally executed. The due date is Dec this year.
This deal the double digit returns are expected only in the June 21 year. So the market has not priced that in yet because the LW deal has not been executed.
JIN still expects to have 1 billion of transactions and net profit to be double ie 60 million
The cash flow is quite strong.
Brokers have valued this above $15.
JIN Chart, page-262
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Last
$12.96 |
Change
-0.150(1.14%) |
Mkt cap ! $823.9M | |||
| Open | High | Low | Value | Volume |
| $13.24 | $13.25 | $12.93 | $552.9K | 42.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 295 | $12.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.98 | 309 | 10 |
View Market Depth
| Last trade - 13.28pm 07/11/2024 (20 minute delay) ? |
| JIN (ASX) Chart |