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,
It is Mr Market that is wrong about JMS, management is doing...
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.0¢ | $1.855M | 7.256M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 128181 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 294308 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| JMS (ASX) Chart |