JLG - JLG valuation

Forum Topics JLG JLG JLG valuation

Pinned valuation:

Added 2 years ago

Justification

See straw 24/4/23

Bear case will be 3.55 if any of the comps on the list decide to make a move into the disaster biz and compete with JLG.

edgescape

Added 11 months ago

Seems everyone underestimated the impact of la nina. I should try and update the valuation some time but can now see this going back to $7

Guess all those acquisitions might be putting resistance on the SP.

Mujo

Added 11 months ago

Think every fundie owns it so think might have been over owned for a bit too.

I hear that a lot, however they only have a single fundie as a "Sub", Capital Research and Management Company, part of the US-based Capital Group. The only other substantial holder is their MD Scott Didier's investment company JLRX Investments Pty Ltd. Mind you with a market cap of around $1.7 to $1.8 Billion, 5% of JLG is around $88 million, so there could be plenty of fundies on the register with less than $88m worth of JLG who won't show up due to being under that 5% threshold for a "Sub".

I don't think they have a tight register however. There's plenty of liquidity. I'm thinking of adding this one to my Strawman portfolio on a pullback. They certainly have plenty of work at the moment, so I don't expect much of a pullback in the near term. Happy to have them in one of my real money portfolios at this point.