I think JAY have taken an extraordinary hit over this crisis....

I think JAY have taken an extraordinary hit over this crisis. The cost cuts it has been able to make are hugely significant and gives it the critical 'survivability' aspect.

It is trading at around the same TTV volume levels (as a % of normal trading) as FLT - around the 30% mark. I say within 2-3 months, countries may signficanty relax quarantine measures internally (i.e. citizens can travel nationally), but international borders are more likely to remain shut for the better part of a year. Nevertheless, JAY's global presence now gives it the scope for TTV's to recover significantly from the current levels.

I really like JAY at 7.5c. I've been picking up more and more. Management have proved their ability to execute in my view. Get on this train while you still can.