JLG

3.24%

$3.58 johns lyng group limited

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 $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($)
1	269	$3.58

Sellers (Offers)

Price($)	Vol.	No.
$3.59	5997	1

View Market Depth

No.	Vol.	Price($)
1	269	3.580
3	4500	3.560
3	8136	3.550
1	1129	3.540
2	400	3.520

Price($)	Vol.	No.
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)

JLG (ASX) Chart

Ann: Share Trading and Business Update, page-30

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Ann: Share Trading and Business Update, page-30

Top Stories

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News