Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and team, First of all thank you for your daily reports and their valuable information. I'd like to know how do you see the price action on SDR and JLG in the short term. Thank you so much, Dario No recovery in JLG since the August sell off. Do you still feel there could be a recovery back to the $5.00 level, Thanks, Phil
Hi Guys,
SiteMinder (SDR): The open hotel commerce platform has drifted lower after it punched up towards $7 in late 2024 with investors appearing to be adopt an if in doubt stay out approach ahead of its 1H25 results in late February. Although we all know the risks of buying ahead earnings numbers, we like the risk/reward for SDR ~$6, especially after recent product updates:
John Lyng Group (JLG): provides building and construction services, specialising in property repair, and emergency management solutions. The stock was hammered in late August on weaker results and guidance (covered here), then a Four Corners investigation scrutinized the strata industry, including the company’s practices. The report raised concerns about transparency and potential conflicts of interest within the sector – we’re sure there was/is some foundation to the claims.
Steadfast Group, a significant player in the insurance industry, was also featured in the Four Corners report but has managed to retrace ~50% of its initial plunge as opposed to JLG which is struggling to break above $4. Assuming we see no major near-term domestic weather events, JLG’s work rate looks set to decelerate throughout at least FY25 hence it’s hard to see a meaningful recovery short-term. We are awaiting this result before making a decision on whether to hold or fold.
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