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
$6.11 |
Change
0.125(2.09%) |
Mkt cap ! $1.698B |
Open | High | Low | Value | Volume |
$6.08 | $6.19 | $6.03 | $1.425M | 233.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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17 | 2838 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.11 | 22791 | 27 |
View Market Depth
No. | Vol. | Price($) |
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15 | 2803 | 6.100 |
11 | 4141 | 6.090 |
8 | 9994 | 6.080 |
8 | 7981 | 6.070 |
8 | 3462 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.110 | 23379 | 28 |
6.120 | 8205 | 18 |
6.130 | 15001 | 13 |
6.140 | 2199 | 7 |
6.150 | 2384 | 6 |
Last trade - 14.01pm 26/07/2024 (20 minute delay) ? |
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