On Monday 26 July 2021, 'The Australian' has a page 3 report about how there's not been substantive action in NSW regarding 241 major buildings that require rectification of cladding.
Separately, there's been some $139 million loan scheme established.
RMIT (Melbourne) research is quoted that claims there are 3400 such buildings nationally. This seems a very high figure.
Given JLG's ongoing work in Melbourne re fixing of dangerous non-fire-rated cladding, it must be one of the contractors in a prime position to undertake such methodical work in NSW and other states.
The share price has performed brilliantly in recent weeks. I hope it's built on firm foundations not exuberance.
Ann: Johns Lyng Group Limited provides earnings upgrade for FY21, page-9
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Last
$3.91 |
Change
-0.160(3.93%) |
Mkt cap ! $1.099B | |||
| Open | High | Low | Value | Volume |
| $4.08 | $4.08 | $3.90 | $3.165M | 795.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12113 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 15987 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| JLG (ASX) Chart |