JLG 1.42% $5.70 johns lyng group limited

Read its annual reports - albeit the most recent is a year...

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    Read its annual reports - albeit the most recent is a year old.

    Read all JLG's releases to ASX available on 'HC' or elsewhere.

    Apart from its excellent reputation, it specialises in insurance remediation work. Demand for this must be good at present: for instance, the high winds in the Dandenong Ranges, 40km from the Melbourne CBD caused huge problems for residents: some houses were hit really badly as large trees fell on premises.

    JLG has a contract to remove that cheap mainland communist Chinese cladding that was installed on many apartment blocks in Melbourne. This opens up opportunities for work in other cities, especially Sydney.

    It deals with state government authorities such as Bushfire Recovery Victoria. Once it obtains one contract, word spreads among bureaucrats (including interstate) that the company can be trusted to deliver.

    There are very few companies that on the SEK website bother replying to (former) employees who post reviews of what it was allegedly like working at various employers. JLG does, and individualises its responses. This tells me it's eager to convince good tradesmen to join its ranks.

    There will be other aspects I've not covered as I've done so without looking up sources but one hopes that gives you a general flavour. As always, DYOR.

    It must have challenges: labour supply may be one.

    Another excellent company - SDF that I also hold - has a stake in JLG.

    One 'HC' poster suggested JLG was 'priced for perfection'. Time will tell.


    Last edited by Hopeful9: 19/08/21
 
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