Ann: Share Trading and Business Update, page-30

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Hopeful9

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27/05/22

12:36

Post #: 61660521
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Originally posted by stockguru: ↑

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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stockguru's post was information from a 'lively' blog.

JLG Price at posting: $5.65 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $6.08		Change 0.100(1.67%)		Mkt cap ! $1.698B

Open	High	Low	Value	Volume
$6.08	$6.19	$6.03	$1.907M	312.8K

Buyers (Bids)

No.	Vol.	Price($)
4	10394	$6.39

Sellers (Offers)

Price($)	Vol.	No.
$5.48	19	1

View Market Depth

No.	Vol.	Price($)
4	10394	6.390
5	681	6.380
2	449	6.260
1	780	6.240
5	4591	6.200

Price($)	Vol.	No.
5.480	19	1
5.590	137	1
5.600	857	1
5.610	4150	8
5.650	2946	1

Last trade - 15.59pm 26/07/2024 (20 minute delay)

JLG (ASX) Chart

Ann: Share Trading and Business Update, page-30

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Ann: Share Trading and Business Update, page-30

Top Stories

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News