The trend is now down, so I can't see any reason why it won't continue in that direction, there is very little interest from buyers. Support is at 18c.
I'd much prefer 20.5c be as low as it goes and a positive announcement from the company that spikes interest and gets the SP moving north.
Unfortunately the next price sensitive announcement fromJKL will be the quarterly in 10 weeks time, which if it is anything like the last report will have no impact on the SP.
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- News: JKL Justkapital Litigation Partners expects FY17 MML business EBIT at A$5 mln
News: JKL Justkapital Litigation Partners expects FY17 MML business EBIT at A$5 mln, page-8
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