JMS 3.28% 31.5¢ jupiter mines limited.

Just to clarify for everyone, the escrowed shares belong to so...

  1. 6,164 Posts.
    lightbulb Created with Sketch. 1210
    Just to clarify for everyone, the escrowed shares belong to so called "Existing Shareholders" at the time of the company's listing ( who accounted for over 80% of all shares at the time of listing) and are already factored into the total shares on issue, being about 1.95 billion. Escrowed shares ( first tranche) will be released around mid 2019. With the exception of Investec, I don't believe any of these Existing Shareholders have sold down to date and with the share price at 35c given the % yield based on this price its pretty hard to imagine a further sell down on release of these escrowed shares. I mean, where else can you get such a return as we are currently experiencing. If the strategy of no growth but excellent divvy yield does not sit well with them ( possibly accounting for Investec's sale) then they have had plenty of time to sell out also.
 
watchlist Created with Sketch. Add JMS (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
0.010(3.28%)
Mkt cap ! $617.4M
Open High Low Value Volume
31.0¢ 31.8¢ 30.0¢ $942.4K 3.032M

Buyers (Bids)

No. Vol. Price($)
1 1000 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 219760 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
JMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.