JLG

2.85%

$3.75 johns lyng group limited

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

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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 $3.75		Change -0.110(2.85%)		Mkt cap ! $1.044B

Open	High	Low	Value	Volume
$3.84	$3.88	$3.73	$10.04M	2.655M

Buyers (Bids)

No.	Vol.	Price($)
10	87781	$3.74

Sellers (Offers)

Price($)	Vol.	No.
$3.79	38487	3

View Market Depth

No.	Vol.	Price($)
10	87781	3.740
9	64107	3.730
3	17708	3.720
5	18374	3.710
23	65784	3.700

Price($)	Vol.	No.
3.790	38487	3
3.800	17781	2
3.810	210032	4
3.820	9630	1
3.830	2000	2

Last trade - 16.10pm 30/08/2024 (20 minute delay)

JLG (ASX) Chart

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

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

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