JAT

11.9%

66.0¢ jatcorp limited

Ann: Half Yearly Report and Accounts, page-151

First 151 Last

Share
Profile

Follow
Zane L

58 Posts.

18

27/02/21

12:20

Post #: 51384900
Share

Originally posted by CaptainSteve: ↑

I would only be guessing but nothing I have seen indicates that Jatcorp is not able to manage debt. Cash flow positive all last year and the two 4c's this year. The loans were not to just keep going as Jatcorp has been operationally profitable for years. The loans are a result of mainly capital purchases such as the upgrade of ANMA and possibly to assist in the develop all the new Jatcorp head company products. There have been many in the last 12 months. They have only just started selling some of them.

View attachment 2959748

The provider of funds is Topwei Two Pty Ltd. They are also the owners of the Auveno brand from New Zealand. ANMA manufactures some Auveno products and I believe Jatorp has some kind of distribution agreement to sell some of their products into china. Topwei Two Pty Ltd would also owe Jatcorp funds from what I speculate. Topwei Two Pty Ltd also supply Jatcorp with very short term loans interest free from the last 4c report. So the so called short term high interest is countered with this fact.

"3. $770k short term interest free unsecured loan was borrowed from Topwei Two Pty Ltd in
December 2020 to fund the purchase of commodities for a trading transaction with Beijing
Grain. The loan is expected to be repaid in February 2021 on receipt of proceeds of sale on
presentation of Beijing Grain letter of credit."

One of the $5mil can be converted to shares in the agreement. These loans are being managed well IMO but we would all like to see them rolled into lower interest loans. Its not like getting a loan on real-estate equity. Non secured business loans are always high interest. I note the second loan is lower interest as it is secured.

In summary IMO they are managing it well but even the half year report indicated this

"The Board will continue to improve the Group's capital structure. JAT can be expected to achieve a net profit after tax position once the finance charges are reduced.”

They are working on it.

GLTAH DYOR

Expand

Thanks for answering my question with such great detail. It alleviates my only concern with Jat. Looks like others were interested in your response too. Thanks again

JAT Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

There are more pages in this discussion • 79 more messages in this thread...

First 151 Last

Add JAT (ASX) to my watchlist

(20min delay)
Last 66.0¢		Change 0.070(11.9%)		Mkt cap ! $54.95M

Open	High	Low	Value	Volume
60.0¢	66.0¢	59.5¢	$116K	183.2K

Buyers (Bids)

No.	Vol.	Price($)
1	2000	63.0¢

Sellers (Offers)

Price($)	Vol.	No.
66.0¢	65879	1

View Market Depth

No.	Vol.	Price($)
1	2000	0.630
1	1500	0.625
1	10000	0.615
1	12000	0.605
2	16000	0.590

Price($)	Vol.	No.
0.660	65879	1
0.665	12609	4
0.670	30000	1
0.680	13667	1
0.685	1999	2

Last trade - 16.10pm 28/06/2024 (20 minute delay)

JAT (ASX) Chart

Ann: Half Yearly Report and Accounts, page-151

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Half Yearly Report and Accounts, page-151

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News