JLG 1.08% $3.67 johns lyng group limited

I invested in JLG more than 2 years ago on the same/similar...

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    I invested in JLG more than 2 years ago on the same/similar investment thesis that Goldman Sachs has put in their analysis of today's results - basically a story of under promising and over-delivery / stellar performance.

    A quick (<90minute!!) read of their report reveals:
    "JLG has reported a strong 1H22 result: revenue was +13.5% ahead of our expectations, with the beat broad based across all segments. This translated into higher EBITDA, both from the higher revenue base as a well as stronger margins vs. our expectations; both contributing to a +16.9% beat on EBITDA. As expected, JLG has upgraded FY22 guidance by +11%; now expecting FY22 revenue/EBITDA of A$802.4mn/A$78.7mn"

    Mr Market needs to read more
 
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