LBL - Laserbond Limited

[galumay]

ATH's today closing up nearly 7% at 46c. Seeing a few of my illiquid holdings rise strongly into a frothy market, presumably some optimism around FY results.

 

[galumay]

Up another 10% today. Despite averaging up from a small initial position, this is now a double bagger for me.

 

[CBerg]

I believe it was definitely under priced last year @galumay but do you think it's reached it's value or there's room left for the price to climb still? I understand they're hoping to turn the company into a $100m+ revenue company but they're not there yet.

 

[galumay]

I think the difference is now that any undervaluation is based on the business executing to perfection in the near to medium term. When I initially bought it was undervalued with no forward view.

So for someone contemplating investing now, you need a level of conviction that management will deliver the promised growth.

I will be waiting until I see the full year results and then if everything is on track I would be happy increasing my position buying into any dips. But thats helped by my initial low entry, buying more at higher prices doesnt impact on my average price too much.

 

[galumay]

LBL released their AR today and results exceeded both guidance and market expectations, jumping nearly 20%. Its great to see a well researched, high conviction position play out as I had hoped.

 

[Clansman]

LBL released their AR today and results exceeded both guidance and market expectations, jumping nearly 20%. Its great to see a well researched, high conviction position play out as I had hoped.

The problem with this stock is that it is illiquid with a bad habit of pulling back hard.

 

[galumay]

The problem with this stock is that it is illiquid with a bad habit of pulling back hard.

I think thats just a matter of perspective, its those qualities that make it most attractive to me, I look for illiquid micro caps and the pull backs are just opportunities to increase position size as the thesis is confirmed. For a long term investor those are not negatives!

 

[Clansman]

I think thats just a matter of perspective, its those qualities that make it most attractive to me, I look for illiquid micro caps and the pull backs are just opportunities to increase position size as the thesis is confirmed. For a long term investor those are not negatives!

Agree that they appear to be kicking goals but that lack of liquidity remains a concern.

 

[galumay]

...as I said, its a matter of perspective, I like the lack of liquidity, but then I am a long term investor.

 

[galumay]

Wow, LBL up another 12% to 72c today, now a triple bagger for me and thats with averaging up into my position, the first parcel is up over 4x my initial entry.

No news, so I am not sure whats driving the demand.

 

[galumay]

LBL reported today, given the challenges of the last year the result was quite good, basically flat revenue and reduced costs for bigger profit. Increased cash and still guiding for $40m revenue in 22. Market certainly liked it, up 23% to 54c.

 

[Clansman]

LBL reported today, given the challenges of the last year the result was quite good, basically flat revenue and reduced costs for bigger profit. Increased cash and still guiding for $40m revenue in 22. Market certainly liked it, up 23% to 54c.

Before anyone gets too carried away with your lobbying, the stock followed a similar trajectory at the same time last year. Today's rise was on low volume, half a million $ in trade only.
As reported in the past, it is very illiquid and has a habit of pulling back hard, as it did from nearly $1 last year.

 

[Clansman]

LBL reported today, given the challenges of the last year the result was quite good, basically flat revenue and reduced costs for bigger profit. Increased cash and still guiding for $40m revenue in 22. Market certainly liked it, up 23% to 54c.

This is the reason why singing a love song to yourself isn't really a love song at all.
The stock has lost nearly half of that 23% already today.

 

[finicky]

Laserbond (LBL) outperforming today, up 8%!
But on the normal small volume. No-one's keen to sell anyway and the small buyers are willing to pay more despite a market down day.

Nice H1 report. They have guided to 40m revenue next financial year (fy2022). Revenue for fy2020a was $22m. They have a developed growth strategy out to 2025.

Not Held

 

[galumay]

It was a good H1 report, they have managed to keep the business going well despite the obvious impacts of covid on the business - particularly the technology division. The continued confidence in being able to meet the $40m target is a positive, things will have to go very well from here for that to be achieved, so I am guessing they strongly believe they can complete some more technology deals.

 

[Erlang]

LBL has gone up 18 or so percent today on seemingly no news. Something's afoot.

 

[galumay]

The word I heard is that Motley Fools are pumping it hard. They will probably be profit taking once they reckon its cooked!

There was a presentation last week on LBL on Coffee Micro Caps, you can find that on YT if interested.

 

[Erlang]

OK, that may explain that. Thanks.

But LBL has been profit taking. Or perhaps I have misunderstood your second sentence.

I watched the LBL special on Coffee Micro Caps. I found it informative.

 

[galumay]

I meant the pumpers at MF will be profit taking.

 

[Erlang]

Ah, right. Gotcha.