Yojee Limited Appointment of Chief Operating Officer: Yojee Limited (ASX: YOJ) has appointed Mr. Carl Hemus to the Board as a Chief Operating Officer, effective from September 01, 2018. He has rich exposure, spanning over 25 years, working within the logistics, global supply chain and eCommerce sectors in Europe and more recently, Asia, and is the ideal appointment for the group as it enters a significant growth phase in the Asian region and beyond. To attract talent like Carl reflects the standing YOJ now has in the industry as a leader in the digitization of global supply chains. On balance sheet front, the current ratio stood at 20.16x in 1HFY18, representing healthy liquidity position of the firm. Account receivable days substantially decreased from 1558.5 days to 60.3 days in the past six months which is likely to be inline with the industry median (62.4 days).We expect that the company will continue to maintain its receivables days at the back of strategic management policy. Based on the foregoing development and trading volatility, we maintain our “Speculative Buy” recommendation on the stock at the current market price of $ 0.150 (up 3.45% on June 21, 2018).
Cheers Rubes
YOJ Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)