It is Mr Market that is wrong about JMS, management is doing the right thing.
I dont disagree however I would like to see JMS management addressing the following once this JUNO spin-off is done and they can fully concentrate on Tshipi again.
- Cost reduction, where are we in the process of connecting to the electrical grid ? Crude is around $60 -70 USD lately and these 4/5 diesel gens go through a lot.
- Stock buybacks. Since the IPO of $0.40 the SP has been mostly lower. That way JMS would tell the market it has discounted its shares too steeply, which I believe is the case.
Payout 2-3c div each year and use left-over cash for share buybacks. 2018 div 5c, 2019 div 6.5c, 2020 div 1.75c,
Ann: February 2021 Quarterly Report (Q4), page-21
Add JMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.3¢ |
Change
-0.003(0.98%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.8¢ | 25.0¢ | $185.0K | 727.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 1104297 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 214087 | 10 |
View Market Depth
| Last trade - 10.16am 10/07/2024 (20 minute delay) ? |
| JMS (ASX) Chart |