Yojee Limited’s (ASX: YOJ) shares were in a trading halt on 12 July 2018 and reflected 0.0% intra-day volatility from the last price of $0.130 as the group requested that the Australian Securities Exchange (ASX) placed a trading halt over shares in the company pending the release of an announcement by the company and the securities will not be trading until the prior of the beginning of normal trading on July 16, 2018 or when the announcement is released to the market. The objective of the trading halt is to raise 60 million new equity by the Company through the share placement. Further, the trading halt will enable the Placement to take place in a methodical manner. For this, the company has engaged Foster Stockbroking Pty Ltd as the sole and exclusive Lead Manager to the aforesaid event.
On the financial front, the current ratio stood at 20.16x in 1HFY18, representing a healthy liquidity position of the firm. Account receivable days substantially decreased from 1558.5 days to 60.3 days in the past six months which is likely to be in-line with the industry median (62.4 days). As at 31 March 2018, the group had a cash reserve of circa $3.727 Mn. Meanwhile, the stock has fallen 7.14 per cent in the last five days as on July 11, 2018 with an average trading volume of 3,02,919. The group had circa $99.77 Mn market capitalization before the halt.
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. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the 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.