Superb result. No wonder the SP has doubled in well under a year...

Superb result. No wonder the SP has doubled in well under a year and that one of Mr Robert Millner's companies is a shareholder.

The c.A$55 million potential further revenue from those Victorian storms (principally adversely affecting the Dandenong Ranges 40km east of Melbourne: areas like Monbulk, Victoria) is interesting.

Excellent return on capital employed.

Increased dividend at a payout ratio of 61 per cent.

Perhaps the most pleasing aspect is that in a previous report, commercial construction was a lossmaker for JLG. It has returned to profit, probably aided by the Victorian cladding rectification contract.

'In time' JLG will expand further in the huge market that is the USA. Detail on how it's going thus far is not huge, but no obvious red flags.

It's not the only company to prefer investing there than say in the UK: REH is another that likes the good ol' USA.