Hi guys,
I have been a holder of JMS just before listing suspension.
I took the first buy back offer, but not the second, nor this one.
I dont believe the current price of $0.23 US+ $0.15US Divident represent a good price for (6%) considering the fat profits that company makes.
For a company that makes $100m pa of profits at current price levels, it surely cheap.
With the current buy back, will leave the company with less than 2billion shares.
If they keep paying 5cent a year, in 30 years we will get $1.5 in divvies.
I believe, the true value of the stock is approx $1.5.
Please remember, this is just my opinion. Not advice.
Cheers
Maybe a good time to relist, page-5
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $529.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 26.5¢ | $2.694M | 9.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69242 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 346117 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| JMS (ASX) Chart |