The stock is technically oversold on the daily and weekly RSI. Fact. When a stock is oversold on both these indicators the probability of a decent bounce is very high. Fact.
Revenue decreasing significantly has been known for many months. There was nothing in the full year results that would surprise investors who had looked at the quarterlies. The underlying business is in very good shape; take away the non-recurring impairments, tax, interest, etc. and considering the decline in turnover (only due to COVID) the results were very good. The share price has already well and truly factored in the decline in revenue. What isn’t factored in IMO is that given the circa 40% gross margins, when revenue recovers, JAT has the strong potential to immediately deliver substantial net profits.
News: JAT Jatcorp FY Revenue Down 64.75%, page-52
Add JAT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
74.0¢ |
Change
0.050(7.25%) |
Mkt cap ! $61.61M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 74.0¢ | 70.0¢ | $290.0K | 398.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 44780 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 124551 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| JAT (ASX) Chart |