JST - Just Group

[tech/a]

Hopefully there is a chart attached.

 

[Afterglow]

Re: JST

Thanks for the Chart Tech/a
They are moving a lot quicker than I thought they would.

I would have to say this one is really looking good. In the two weeks that I have held the shares they are showing a little over 10% gain for me.

I added the following to the MRL thread on the 19th of October.

The Just Group is a new player in the same field and is on a lot of must buy lists They own a number of known outlets and brand names and buying more.
MRL was the one I was going to pick though changed to JST , I think they will do very well in the long term, IMHO
I bought in on the 11-10-04 at $ 2.61

Regards Afterglow

 

[Fab]

I am thinking to buy this week to benefit from the buy back offer. I am wondering if there is any incentive in doing that specially after the sharp rise that happened this week?
When is the closing date in order to benefit from the franking dividend of the buy back offer?

Cheers

 

[Buffettology]

I am thinking to buy this week to benefit from the buy back offer. I am wondering if there is any incentive in doing that specially after the sharp rise that happened this week?
When is the closing date in order to benefit from the franking dividend of the buy back offer?

Cheers

Did you get back in? Closing date for the franking dividend off market buy back offer is over.

I bought back in, but I did so as I beleive the company is undervalued currently (one of the very few), and this buy back will increase my EPS and ROE.

Thanks

 

[Buffettology]

Did you get back in? Closing date for the franking dividend off market buy back offer is over.

I bought back in, but I did so as I beleive the company is undervalued currently (one of the very few), and this buy back will increase my EPS and ROE.

Thanks

Oh, and not to mention retail spending figures so far this year have been well above expecations. Hopefully (and I expect it too) this translates into further greater revenue and profits for JST when their next figures are released.

 

[Fab]

Hi,

Can anyone explain to me how many shares I can expect being bought back from the off market share buy back that just closed. I have 3447 JST shares

Cheers

 

[Buffettology]

Hi,

Can anyone explain to me how many shares I can expect being bought back from the off market share buy back that just closed. I have 3447 JST shares

Cheers

I think it was about 16.6 million.

Did you see the trading today? Dropped down to $4.26 at close, lost over 6%! GREAT price at the moment!

Must say, I accumulated in the fall and bout another 5500 shares at $4.35. Might buy a few more thousand at $4.26, but I expect to see the price go up for sure tomorrow.

 

[Buffettology]

I think it was about 16.6 million.

Did you see the trading today? Dropped down to $4.26 at close, lost over 6%! GREAT price at the moment!

Must say, I accumulated in the fall and bout another 5500 shares at $4.35. Might buy a few more thousand at $4.26, but I expect to see the price go up for sure tomorrow.

Hope someone listened to this and bought in at start of trading today, would have made a handy profit off nealry a guaranteed rising situation!

 

[Fab]

Hope someone listened to this and bought in at start of trading today, would have made a handy profit off nealry a guaranteed rising situation!

Indeed that was a good point and JST is a well run company as well. I believe about 58% of my holding were bought back in the off market buy back , the other good thing is that on the 07/05 there is some dividend being paid

 

[Buffettology]

Indeed that was a good point and JST is a well run company as well. I believe about 58% of my holding were bought back in the off market buy back , the other good thing is that on the 07/05 there is some dividend being paid

Good management, great ROE, expanding positively their most profitable brands. Low debt (high debt to equity, but we all know that ratio means nothing), their net profit is high relative to their debt, that is the most important figure. Good retail figures this calendar year to date. Cant get much better than that, and to be able to buy in at $4.26, not sure if Im the only one who can see the gold there and especially in a market saturated with overvalued stocks.

 

[cookieinc]

I've been watching this one slide for the past week or so... it's down to 3.99. A little oversold perhaps? Anyone else have some more experienced views? (I'm a n00b)

 

[reece55]

Cookie
Technically, not looking so flash, I wouldn't be advocating a long position here.

Broke through 4.20 support very quickly, this level should now act as resistance. Stock is still above the 200 day SMA, so long term bullish trend still intact. So perhaps if it consolidates at the 4.00 level and then shoots higher.
Personally, I would wait for the $4.20 to be broken again before entering. Next identifiable support level at 3.40.

Cheers

 

[rhen]

Good management, great ROE, expanding positively their most profitable brands. Low debt (high debt to equity, but we all know that ratio means nothing), their net profit is high relative to their debt, that is the most important figure. Good retail figures this calendar year to date. Cant get much better than that, and to be able to buy in at $4.26, not sure if Im the only one who can see the gold there and especially in a market saturated with overvalued stocks.

I guess it depends on how you value your stocks. Aspect may rate it a highest value, but Clime values it at $3.67.
I do not own any JST shares.

 

[Buffettology]

JST off-market buyback was WAY oversubscribed, hence the reason for the sharp rise a while back. After the buyback, the price dropped a lot.

Following this, it was pushed back upto 4.50 to receive dividend.

Ex-dividend, it fell to below $4. I bought Friday I think it was, and sold Monday I think it was (once results exceeding last years year to date sales were released). Stock rose to 4.20, I sold at 4.18. So made about a grand that day, off a relatively small investment. Also bought at 4.29 to receive the dividend.

Dropped yesterday and I bought at $3.99. I personally beleive the stock is worth at least $4.20 so I bought back in again yesterday. I expect the stock to rise again today (fingers crossed).

Bit of a risk day-trading, for a long-term investor such as myself, but I will only trade stable long-term companies such as JST, as even if it crashes, it will recover in the long-run. I also dont want to leave a large sum of money in the market at the moment, so try and get in and out as quick as possible.

 

[cookieinc]

Thankyou so much for the tips Reece & Rhen!

The MACD does look a little sad, might wait another day to see if this stock levels off around 3.90 hopefully (although for your sake Buffettology I hope it shoots straight back up ). I should mention I'm looking at this for some short term excitement only, already own a decent long term portfolio.

So glad I found this forum!

 

[Buffettology]

Thankyou so much for the tips Reece & Rhen!

The MACD does look a little sad, might wait another day to see if this stock levels off around 3.90 hopefully (although for your sake Buffettology I hope it shoots straight back up ). I should mention I'm looking at this for some short term excitement only, already own a decent long term portfolio.

So glad I found this forum!

For my sake I hope it shoots back up too, at least after a short consolidation phase.

Ive already made a few grand in the last couple of weeks trading just on this stock on short-term positions, but if the stock does fall considerably lower than 3.99, and stays there for a while, Im in a bit of trouble, quiet a large sum of my short-term investment portfolio is currently tied up in JST (around 30,000, so see how we go). Fingers crossed!

 

[Buffettology]

Seems like an anomoly (perhaps "Mr Market" could explain)?

Competitors have announced tough trading conditions a while back. However, JST announced sales were ahead of this point last year. Retail Sales figures are booming right now, and Solly Lew the retail expert just increased his stock in the company (along with a small increast by one of the directors).

Anyone know why this stock would be falling, or is this simply "Mr Market" at work again giving a very good price?

I personally valued the company last at $4.44, with fair valuation agreed from my readings at $4 or slightly higher. Very cheap in a maket saturated with overvalued stock..........

 

[Buffettology]

Ohhhhh, there it is! Mr Market took his great deal off the table. About 5% in a day! No responses to this thread, mining has truly taken over the market interest, not sure I want to see it when our market takes a hit!

 

[Buffettology]

I am astonished there is not talk of this stock lately. It has been heading through the roof, moving from 3.83 I beleive, right up to nearly 5.50 and to me, looked like one of the safest bets out there!

Guess a whole lot of guys here missed the boat!

 

[Rainmaker2000]

Yeah, JST made a mug of me.....its been a great few years with JST for me but I was silly enough to get out around 4.90.....to be honest, I love the company, the management, their businesses and their growth and capital management.....its just that I concluded that its getting overvalued at a time of rising interest rates....it must be on a PE of about 20 now which you may pay for a growthish company but JST has no hard assets and likes to carry a bit of debt, mainly from buyback.......personally I sold out to realise for tax but also cause I'm hoping for a subprime scare or a bad season like 2004, when JST could be picked up for about 9 X its downgraded earnings.....it will never be that cheap again but it must have some nice headwinds to justify 5.50