I've been keeping an eye on JGL since I chipped out at 12c some time ago. Looks to be a floor at about 8c, which is near historical lows according to the charts.
I'm sitting here and wondering about a re-entry buy at 8.1, it might get that low in intra-day trading over the next week or so?
Longer term though I'm wondering what the impact of NSW retail privatisation will mean for JGL. Private players in NSW will mean tougher competition, but also increased churn during the transition to private ownership, JGL could hit the 100k customers mark a lot faster if they get their marketing during transition right.
JGL Price at posting:
8.6¢ Sentiment: Buy Disclosure: Not Held
