I have not purchased an ASIC company extract but from what I can gather from the announcement there is only a single shareholder of JCT.
Firstly need to understand that to acquire 100% of the issued capital of a company, let alone one that is as established as JCT requires a premium to be paid to market value - just need to look at pretty much all takeovers.
Secondly if I am right and there is only a single shareholder the above point becomes amplified even more, given that this individual is now relinquishing all the future growth potential of the organisation that they have worked hard for during all these years.
Now one more thing - you are correct about describing gross profit margin etc. as sales less cost of goods sold, but that is more applicable for a manufacturing business. JCT is a service based organisation and therefore how do you know that employee salaries are not included in deriving gross profit?
XPE Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
