scroll

JIN & MIN – part 2

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 23/07/2022

JIN & MIN – part 2

Hi ,

What do you guys think of JIN? had a big fall today been on my watch list a while.

Also MIN is on a down ward trend what do you consider a good entry point or do you still prefer others in this space ?

Regards

Glenn

Answer

Hi Glenn,

No real change I’m afraid, we recently covered MIN and you can see the opinion at the time on the Mineral Resources company page here

If we were to buy MIN technically it would be in the $40 region but we still prefer BHP Group (BHP) for iron ore, and diversified resources exposure.

As we said last week, MM is not a fan of the Jumbo Interactive (JIN) model, we think it lends itself to being disrupted easily and their earnings are highly unpredictable. The weakness over the last few weeks simply adds credence to our feelings, it remains a company which is not on MM’s buy radar.

chart

Jumbo Interactive Ltd (JIN)

LAST UPDATED 21/07/2022 11:01

Latest Reports

Weekend report 20/04/2024

Weekend Q&A: Volatility spiked on Friday after Israel launches strikes on Iran

The ASX200 endured a week to remember, closing down -2.8% on concerns that interest rates will remain “higher for longer” and increasing concerns that the Middle East tensions will deteriorate further after Israel retaliated against Iran following last week's drone attack. It's hard to imagine an amicable conclusion to the current problems in the Middle East, but we all hope it doesn't become another painful, prolonged affair like the Ukraine–Russia war, which has now entered its 26th month.

Afternoon report 19/04/2024

The Match Out: Middle East tensions see risk off for equities

Shares tracked pre-market futures lower early in our session before headlines of a further escalation in the Middle Eastern conflict caused another wave of selling took the market to 2 month lows. Energy found support with oil cracking $US90/bbl again which was also a concern for those positioned for inflation to roll off. Until midday, traders had no interest in taking risk in today’s session but the afternoon painted a different picture. The ASX closed well off the intraday lows with many sectors rallying more than 0.5% between midday and the end of trade. Despite the Friday afternoon fight, the local market had its worst week since September, falling -220pts / -2.83%.