Hi Caroline, Good to have you here posting, always happy for...

Hi Caroline,

Good to have you here posting, always happy for alternative perspectives on JCS’s business and prospects.

Agreed – listening and taking anything on these forums presents an issue as everyone no matter how impartial they appear to be (myself included) pitches the information with a significant bias. Best starting point is having a good read of the recent investor presentation and annual report. As previously mentioned, I believe there was to be another investor webinar scheduled in the next few weeks (hopefully this still goes ahead), this too would be a great opportunity to get a feel for the management team and how they’re tracking, the last one they answered any questions. Alternatively to this, I have contacted the company in the past and found them to be informative and prompt in covering my queries – although anything relating to the future financials/growth prospects can’t be provided for obvious reasons!

Personally, for me, (in my view) the biggest thing I look for in a microcap stock is quality of management, and secondly cashflow. Both these things I’ve found lead to pretty good investment outcomes, and without one, the other is often unattainable. In JCS’s case, both these boxes have been ticked the past couple FYs. I believe they have the right people in the right place, and a great company culture and the business itself is currently generating a modest cashflow and seems poised for some growth should they keep up the recent momentum.


FY19 Annual Report
https://wcsecure.weblink.com.au/pdf/JCS/02138474.pdf

AGM presentation
https://wcsecure.weblink.com.au/pdf/JCS/02174356.pdf


Good luck and welcome to Hotcopper, hopefully see you around on the JCS forums in the future.

DYOR, IMO etc…