Australian (ASX) Stock Market Forum

On December 20th, 2017, HJB Corporation Limited (HJB) changed its name and ASX code to Janison Education Group Limited (JAN).
 
LOL! Another company with no posts, and I have taken a position!

Bought some in my personal portfolio, meets most of my criteria, a bit too early stage for the SMSF.
 
Market update today was solid, not unexpected though due to positive impact of Covid. Will see how strong the business is when normal returns!
 
aus_trader, its a business I understand, I can explain what it does in a simple sentence. Its moved to consistent positive operational cash flow in the last 12 months and produced positive free cash flow this FY. It looks set to pivot to positive EPS as revenue is increasing quite strongly and the effects of scale flow through. Its also has high ownership by directors, and 87% of shares held by top 20.
 
Better than expected results for the acquisition of the ICAS business has seen a strong rise in price this week, up over 20% to around 50c. The small free float is making it hard for buyers to flush out sellers. I am just happy to see the company executing well and its always nice seeing repeated upgrades to revenue guidance.
 
JAN continuing to execute, announcing a nice little contract today with Chartered Accountants ANZ to run exams.
 
JAN H1 results out, no surprises and TBH had been well telegraphed by previous comms. Progress towards profitability on track. I would expect to see the business profitable for the H2, giving a breakeven FY for 2021.
 
Good announcement for JAN this morning,
"Janison accredited by OECD as sole provider of PISA for Schools in Australia"
Up 10% in early trade today.
 
Another good announcement for JAN this morning, the roll out of PISA in Australian schools going very well and showing on the bottom line. 200 schools signed up already and an extra $1.4m revenue as a result.
 
Just keeping kicking goals, OECD accredits Janison as sole provider of PISA for Schools across all four countries in the UK, should be a meaningful increase in revenue and flow through to the bottom line.
 
We're keeping this latest BO-NR (>0.80) quiet as there's not much depth in the market. Seems nobody wants to sell.
 
BO-NR? Sorry, my mistake, it started out as a break-out to a new high (NH), then I noticed the multiple hits at 0.80 which makes it a break-out of horizontal resistance (HR). I didn't proof read and it ended up NR. No matter, we're both happy.
 
The first red flag for me with JAN, they announced a Capital Raising this morning via a trading halt. Odd because $10m cash in the bank, so maybe an acquisition, which makes me nervous, also this dilutes shareholders so will be interesting to see whether its institutional only or if retail gets a bite. I will reassess my position when they announce details.
 
The Cap raising mention above was done at 0.82. There was an SPP at the same price.

Since then JAN has been pretty active. A renewed 3yr agreement to provide PISA to schools in the US.

FY21 Annual report. Looks all good to me.

Binding agreement to acquire QAT (Quality Assessment Tasks - a school assessment business).

Yesterday's huge price spike with no associated news. Interesting...

jan2110.PNG
 
In rapidly growing global education technological market this seems a fine tip for entry in the FCY 2022 Comp.
I did buy a parcel 3 months ago and am smiling at +36%. (But I do own some losers as well!)
 
Bought some JAN in this dip. IMO the current R:R is acceptable. I'd be concerned by price closing below 0.80 and I think it can rally back to 1.25 soon.
 
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