Reading through the AGM announcement it doesn't seem terminal. Not ideal news, but it's only a small placement to cover the short term and EBIT should still be positive.
The info on SME market is quite interesting as it looks like they already have customers lined up raedy to go and a very healthy prospecting base.
Hard for me to make a judgement call on 'trust' as I don't trust any company really and I've only been in JGL for a short time because they look like they're on the cusp of turning the corner. It is new management though so I'm willing to give them a chance. They've got some very talented people joining the company too.
A $20 million dollar company with $5mil EBIT and prospects of gaining SME market share to propel future growth is not a bad story (unless you've been in long term and have seen the SP smashed in which case I'd be angry too).
If the cap raising had been significant I would have dumped my holding and run, but so far my forecasts are only marginally off-track.
Reading through the AGM announcement it doesn't seem terminal....
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