Jayride just isn't making enough margin on their big affiliate partnerships so they need to transition their focus on higher yielding streams.
It's clear the products improving and they are actively reducing costs but it hasn't translated into profit yet. With a renewed focus on high yielding agency bookings they could turn profitiablity around very quickly while contining to optimise their high volume/lower margin streams.
I'd like to see booking volumes and contribution margins from Oceania and North America scale as like Europe and Asia has as they seem to have remained stagnant and are still below pre-covid levels. Hopefully fresh management can start hitting the right notes and achieve the 2024 goals of making a profit. All in all I think the share price looks very attractive at the moment.
JAY Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
