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JAT - Jatcorp Limited

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Looks like the wheels have fallen off the JAT Express and the ramp crew at HC are panicking.

Another acquisition announced but it's all starting to look unfocused and they are issuing too many new shares. They just announced that they intend to raise approximately $5.8 million through a new share issue to fund the new acquisition. At current prices that's going to amount to a lot of new shares.

The chart has been screaming sell for some time now.

 
JAT looking like it could be in the early stages of a recovery. A little too soon to be sure of anything yet, but it does appear to have broken the downtrend that has been in place for the last few months.

Volume is up today and higher than it has been since March.

 
You know I think its dead in the water.
But over the last week there is over 70% gain in it.
and low risk.
 
greggles said:
JAT looking like it could be in the early stages of a recovery. A little too soon to be sure of anything yet
Click to expand...

JAT ended up faltering at 10c in mid-July and subsequently declined over the next three months all the way down to 3.8c. Today saw the release of its first Quarterly Report of the 2018/19 financial year and the market liked the look of it with JAT soaring 81.58% to 6.9c following its release.

The cynic in me says we're probably going to see the same thing we saw in July, which was a share price spike that abruptly stalls followed by more share price declines, but perhaps this time will be different. Although with only $1.6 million in cash and estimated capital outflows in the next quarter of $16.8 million, JAT will need to generate a lot of revenue to avoid a capital raising in the coming quarter.

The last quarter saw revenues of $10,680,000 and the current quarter will need to improve on that substantially.

 
oilleak said:
News due early next week , should put some legs on the share price....
Click to expand...

Could well do Oil.

"Significant Trading Contract" … The boys at Jatz may well pull another rabbit out of the hat. Might pay to be nimble after any initial surge given the reaction after Feb-March 2018

Recent Rights Issue was under supported which was to be expected given the SP deterioration last 2 years … however ....

Director Yao stumped up for $100K worth so some sharp price movement followed by placement of some of the recent shortfall shares would certainly help the Company ...

Some caution appropriate I imagine
 
MMMM,

Depends on the deal I suppose.....

I'm hoping placement of the shortfall isn't part of the deal and we have enough cash to scrap the remainder of the shortfall...... But hard for directors to not grab the cash while they can....and if its a selling point to a stellar deal.....who am I to argue

Definitely looks to be growing into a major player...... Needs to diversify a little out of China..... longer term.....

Here's to an excellent start to the week......
 
Hopefully a nice quarterly to come and commencement of Vmeat sales to China......

Bit dodgy with the virus atm....
 
Holding up ok during the virus meltdown....

Reportedly sales of infant formulae still doing well...

Vmeat due to kick in this month , virus permitting.....

1/2 yearly due .....
 
Should be a better quarterly report end April with added sales to China and added profits due to manufacturing their own product ....also new VMeat line started sales.

Doing well out of corona so far .
 
Shareprice been ticking back up nicely after Corona meltdown.....

Lots of news due and should be reasonably Corona proof......barring general market downturn.....

Quarterly report.... should show increased profits and margins.
Ocker contract & Vmeat sales.....added sales news from the new Vmeat lines that have commenced.
Shanghai Shop.......News on Shop opening due.
Sydney Uni testing news .

Needs an update on sales/contracts now that China is getting back to normal....I'm predicting the surge in sales will be maintained due to anti viral/bacterial properties of Neurio ...

Been some accumulation hapening lately .....leaky ship or punters getting in for the quarterly/news ?
 
Should have an improved earnings report on the way next month .... Covid sales in China seem to have performed well and expanding VMeat orders expected to grow as well as new products starting to materialise.

Never seems to move share price due to past history .....

Needs to diversify geographically from China with current climate a little worrisome....but if they can weather the political storm and keep putting runs on the board ......maybe ?
 
On July 23rd, 2020, Jatenergy Limited changed its name to Jatcorp Limited.
 
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