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Thoughts on Droneshield (DRO) & Johns Lyng Group (LYG)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Thoughts on Droneshield (DRO) & Johns Lyng Group (LYG)

Hi James & Team, My question regarding Drone shield 2 weeks ago may have been overlooked. Can you shed some light on why the share price hardly move despite regular release of positive news? How do you see the Queensland floods as a tailwind for JLG? Thanks & regards

Answer

Hi Sidney,

Sorry that we missed your previous question, I have answered both below:

  • DroneShield Ltd (DRO)- drone detection business with the exception of two forays towards +40c has been trading around todays 20c for years and even after reporting a lift in revenue the markets not interested.  It might take notice one day but for now its a case of don’t fight the tape, perhaps be long with stops under 16c for the believers.
  • Johns Lyng Group (JLG) – Victorian based non-residential construction business was looking good before the floods which are indeed likely to be supportive. MM likes this $2bn business targeting new highs this year, towards $10, or over 25% upside.
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Johns Lyng Group (JLG)
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