JYC 0.00% $4.60 joyce corporation ltd

10.5% yield p.a. over next 3 years, PE~ 12, 50% cash backing, page-4

  1. 1,252 Posts.
    lightbulb Created with Sketch. 19
    Cash flow negative and when you strip out the revaluation in the latest hy, the business is barely profitable.

    $25m property sale less $5m net debt leaves $11m EV.

    Will be interesting to see if management manage to grow the business with the spare cash. I'm not one to invest based on good intentions.
 
watchlist Created with Sketch. Add JYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.