I think the Lovisa result is probably worse, but market doesn't agree with me on that one. I won't go into the reasons why.
JLG is a high quality business, but the CAT has been pretty weak over the last 12 months. That could cycle back up at any time.
The rest of the BAU segment deserve a multiple closer to 20, so I think you get the CAT business for free at the current share price.
It's a buy now.
Ann: FY2024 Results Presentation, page-19
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Last
$3.81 |
Change
0.110(2.97%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $3.77 | $3.84 | $3.70 | $2.671M | 704.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5986 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.82 | 12504 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| JLG (ASX) Chart |