18 May 2020.
Yojee signs Services Agreement with Kuehne Nagel Philippines.
Beginner investor so any advice is appreciated.
Found this stock while scrolling through microcaps and it looks rather interesting. It seems that this agreement with Kuehne-Nagel is a turning point for YOJ. Although K&N still have termination clauses available in this contract if YOJ can gain some traction then other opportunities may arise (particularly in other parts of the K&N business).
Analyst: Seth Lizee, Price Target: $0.13/sh (Under Review)
The Mar Q has highlighted the mixed impact of COVID-19 on the business, despite the pandemic YOJ have continued to add news customers and grow sales, although travel restrictions have slowed YOJs ability to roll out its cross border network solution in SE Asia for a major MNC client. However we see potential new opportunities emerging beyond COVID-19 as the logistics industry begin to re-asses their supply chains and possibly accelerate digitisation and technological adoption, all of this would benefit YOJ who is well placed with their end-to-end offering. The YOJ investment case continues to be predicated on signing new commercial SaaS agreements, and top 10 global logistics provider Geodis driving material revenue in the medium term.
Yojee Ltd (YOJ) [01-May-2020]
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YOJ closed at 2.6 cps today (15-May-2020).
June 2020: Euroz: Yojee Ltd: Spec Buy
Share Price: 0.049 A$/sh (0.051 on 12-June-2020)
Price Target: 0.13 A$/sh
Valuation (DCF): 0.12 A$/sh
Terminal Growth: 3.0%
Shares on issue: 923.6 m, diluted
Market Capitalisation (Fully diluted): 49.6 A$m
Enterprise Value: 44.3 A$m
Debt (Mar’20, inc AASB16): 0.3 A$m
Cash (Mar’20): 5.5 A$m
Euroz Analyst: Seth Lizee
The logistics landscape is fast evolving with increasing pressure to build efficiencies and meet growing customer demands – YOJ continues to be well positioned with their end-to-end solution. We continue to see the blue sky opportunity present. Although revenues have not met our earlier expectations for a number of reasons (including COVID-19) we still see them emerging in time. We further acknowledge the solid wins YOJ has made in recent times – topped by the recent Kuehne + Nagel (K+N) agreement signed, K+N is a world leading logistics company. The YOJ investment case continues to be predicated on signing new commercial SaaS agreements, and top 10 global logistics provider Geodis driving material revenue in the medium term.
We maintain our Speculative Buy Recommendation and $0.13/sh. Price Target.
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YOJ is a logistic tech player with good blockchain tech. and supporting apps.
A highly speculative stock that has some good relationships with some major freight logistics players. If YOJ can prove their tech and get some business to stick and turn tgat into profit, they have an opportunity to become a multifaceted logistics services company.
Above is personal opinion based on personal research and not a finacial recommendation. I have a small personal holding in the stock.
27-Mar-2020: Strong Funding Position and Cash Runway Maintained
The market liked this one!
YOJ up over 30% as the All Ords gives up early gains to drop into negative territory. [Unbelievably - after being up as high as 2.4 cps (+50%), YOJ finished the day flat - unchanged - at 1.6 cps - they can't take a trick!]