Share price rise, page-4

As a Melburnian, you may be partly correct as the 'CAT' division relies upon these occurrences.

However on its own, it wasn't huge on a national scale.

Agree with the last poster BaulklikeGresh that 'something is brewing'. If I was to guess, it may be the takeover of a even larger strata flats/apartments manager than JLG has swallowed to date.

While I am no expert, this area is potentially lucrative as JLG can expand its vertical integration: manage the flats, and offer repair services with qualified tradesmen when required. Of course, it still has to be competitive but it's a specialised field where historically if I'm not mistaken, the management of apartments had a large number of 'mum and dad' operators. The subsector is continuing to consolidate.