Johns Lyng Group (ASX:JLG) (BUY): So I think Johns Lyng Group (ASX: JLG) is probably one that's worth the mention, maybe a little bit of a small-cap market darling, but yeah, absolutely it's been sold off. So I think some are in the $9 range into the mid-$5s or thereabouts, so the valuation's actually starting to look much more compelling. I would concede that it was expensive pre the sell-off and all stocks need to be less expensive in this environment, but they haven't seen a change to their earnings. They're still going to hit their earnings guidance. They reiterated just the other day. I think part of the selloff is the market's having a bit of a hissy fit that there's no upgrade near term. They're just going to hit their guidance and then also management has sold some stock. I think there are maybe some short term technicals at play in that one.I think if you focus too much on that, you're missing the forest for the trees. It's still a really capital-light, high growth services business. I've said this a lot, but owner, founder-led, which is really important and these guys have just got more irons in the fire than you can count. This strata opportunity, whether that's cross-sell or inorganic purchase of strata businesses, the US opportunity, just more market share on their existing insurance panel - the list really goes on and on and on. So earnings are fine. The growth trajectory is fine and it's now much cheaper. So I think that's a buy.
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Johns Lyng Group (ASX:JLG) (BUY): So I think Johns Lyng Group...
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Last
$3.58 |
Change
-0.120(3.24%) |
Mkt cap ! $1.007B |
Open | High | Low | Value | Volume |
$3.67 | $3.69 | $3.57 | $7.627M | 2.116M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 269 | $3.58 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.59 | 5997 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 269 | 3.580 |
3 | 4500 | 3.560 |
3 | 8136 | 3.550 |
1 | 1129 | 3.540 |
2 | 400 | 3.520 |
Price($) | Vol. | No. |
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3.640 | 6000 | 1 |
3.670 | 5600 | 2 |
3.680 | 4000 | 1 |
3.700 | 744 | 1 |
3.720 | 5000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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