Vesupria, good points, although I suspect your points are more for Intermediate Investing, whilst we are not passed 101 yet, judging by the "believers" on this forum.
If we scan history, it is littered with scars and corpses of Aussie companies trying to take on the big bad world overseas. Billions of shareholders funds have been lost, probably enough to build an NBN twice over with change. The few success stories of COH, CSL, CPU, RMD etc are typically characterised by strong moats, typically with product differentiation, and very few competitors.
At the heart of it, JIN is just a reseller with an electronic storefront, the middleman. Nothing that cannot be replicated with money. Invert the question, if you have $100m, can you do the same as what JIN is doing now? $100m is what you are paying for JIN now.
jumbo expands into germany, page-48
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Last
$15.00 |
Change
0.060(0.40%) |
Mkt cap ! $944.5M | |||
| Open | High | Low | Value | Volume |
| $14.85 | $15.12 | $14.85 | $951.8K | 63.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 324 | $14.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.03 | 36 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| JIN (ASX) Chart |