JOHN LAING GRP. ORD 10P
JOHN LAING GRP. ORD 10P
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Type: Stocks
Ticker: JLG
ISIN: GB00BVC3CB83

Edison issues outlook on John Laing Group (JLG)

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Edison Investment Research Limited
Edison issues outlook on John Laing Group (JLG)

04-Sep-2019 / 11:33 GMT/BST


 

London, UK, 4 September 2019

Edison issues outlook on John Laing Group (JLG)

We expect a stronger H219 from John Laing Group (JLG) after a mixed performance in H1, when NAV growth was restrained by asset write downs. Although we have reduced our FY19 estimate for NAV per share to 353p (+9% year-on-year), we believe the long-term outlook for the business remains favourable given the global requirement for infrastructure investment. JLG's shares now stand at a small discount to peer group averages, offering an attractive entry point for potential investors.

 

Share price weakness following the H1 results now places JLG on a c 9% premium to its last reported NAV per share, slightly below peer group average of 14%. This provides a more attractive entry point for investing in the shares.


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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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