Moorebank Intermodal a nanocap play. JYC:ASX owns a 41,840sqm industrial shed in the Moorebank area. JYC have indicated they are not a long term holder of industrial property. Potential to realise this asset in a sale to benefit shareholders. QUB:ASX announcement today on Moorebank adds to the value of this property it would be fair to say. JYC Mkt Cap $15mil, SP 55c, NTA 82.4c circa 33% discount. Their Moorebank property is in their books for $17.3m or more than their current market cap of the company. Buying assets at a discount with a possible catalyst to close the current discount to NTA appears interesting at least.


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Mark Tobin

JYC:ASX nice update just before Christmas. Profit in its Bedshed and KWB Kitchen Connection retail businesses expected to finish the December 2014 half well above last year, with double digit growth Board to review strategic plans with this site on the Moorebank industrial property early in the new year. Have received solid interest according to the update. Seeking additional retail growth opps and welcome suitable enquiry to the executive director. This is a little nanocap with a potential nice asset sale and cash to look at more retail opportunities with or without the sale.

James Marlay

Good foraging Tobes...