As a Melburnian, you may be partly correct as the 'CAT' division relies upon these occurrences.
However on its own, it wasn't huge on a national scale.
Agree with the last poster BaulklikeGresh that 'something is brewing'. If I was to guess, it may be the takeover of a even larger strata flats/apartments manager than JLG has swallowed to date.
While I am no expert, this area is potentially lucrative as JLG can expand its vertical integration: manage the flats, and offer repair services with qualified tradesmen when required. Of course, it still has to be competitive but it's a specialised field where historically if I'm not mistaken, the management of apartments had a large number of 'mum and dad' operators. The subsector is continuing to consolidate.
As a Melburnian, you may be partly correct as the 'CAT' division...
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Last
$5.70 |
Change
0.080(1.42%) |
Mkt cap ! $1.585B | |||
| Open | High | Low | Value | Volume |
| $5.65 | $5.76 | $5.63 | $4.632M | 811.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 286 | $5.70 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 4508 | 2 |
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| JLG (ASX) Chart |