AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
The stock of Jatenergy Limited has been suspended from official quotation. In a market announcement, Australian Securities Exchange informed that securities of Jatenergy Limited has been suspended from official quotation from the commencement of trading on 1 October 2018, following failure to lodge the full year financial report for the period ended 30 June 2018 to the ASX by the due date which was 30 September 2018.
In clarification for the delay, Jatenergy Limited stated that this unavoidable delay has taken place because of significant change in companyâs accounting personnel and the considerate set back in consolidation of accounts. It said that the initial consolidation into public company format of the accounts of new subsidiaries acquired during the year has taken longer than expected time.
In a recent release, the consumer products company Jatenergy Limited provided business update on 51% owned subsidiary Golden Koala. Jatenergy Limited told that production from its partly owned subsidiary Golden Koala Group Pty Ltd is ready for shipment which will include newly developed English label infant, follow-on and toddler formula. The sale of these English language packaged products is said to be done in Australia through local pharmacies and supermarkets and to China via China-based sales and marketing company Daigou group. The company also intends to utilize online-to-offline and cross-border sales channel to send its products across to China.  [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Further, it has been informed that Golden Koala Group Pty Ltd and AustAgri Pty Limited have jointly agreed to terminate the supply deal that they entered into on 3rd August 2018. Under the terms of agreement, Â JATâs subsidiary Golden Koala had to supply Golden Koala Premium Range Infant Formulas to AustAgri for sale in mainland China, Taiwan, Macau and Hong Kong. On the termination of this five-year supply agreement, both the interested parties have decided to enter a discussion in respect of possible renegotiation.
As of now (3rd October 2018; 2:29PM AEST), the company has not released its 2018 Full Year Financial Report, but it expects to release the same by today, 3rd October 2018.
Following the suspension announced on 1st October 2018, the securities of Jatenergy Limited have stopped trading. JAT last traded at $0.042 after surging 2.439% on 28 September 2018. The stock has seen a performance change of attractive +250% over the past one year. But it has fallen by 44.74% over the past 3 months.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
