LBL - Laserbond Limited

[galumay]

LBL with a great announcement this afternoon, I took the opportunity to top up before the market reacts, now my biggest holding.

 

[finicky]

Ripper of a little company. Makes me think of companies like CDA or IMD. Will pick up some in the crash

 

[Erlang]

That is good news. I discovered LBL last August or so at around 40 cents. I hesitated, as I was still doing research on them, but then I bought them not long after.

Around the same time I also bought some CDA and IMD, companies that are not effected by Victorian lockdowns.

 

[galumay]

Ripper of a little company. Makes me think of companies like CDA or IMD. Will pick up some in the crash

I have a list of those too! Thankfully I got in early with LBL, started at 16c. You may get a chance to get in at a reasonable price, its pretty volatile, I reckon if it got back down around 60c it would be good buying even for an initial position.

Around the same time I also bought some CDA and IMD, companies that are not effected by Victorian lockdowns.

I have never looked at IMD as its always been a bit too pricey since it first came to my attention. Its one on my crash watchlist!

 

[Erlang]

Around the same time I also bought some CDA and IMD, companies that are not *affected by Victorian lockdowns.

I bought IMD at just over a dollar. So they're doing well, but knowing what I know now, I am not sure if I would have bought them. Good, but maybe not amazing.

If memory serves, most of their money comes from gold prospecting and mining, followed by copper. So perhaps their future is looking sunny, given the need of copper.

 

[finicky]

Yes a lot of IMD's business comes from gold miners. Gold prospector business is for CDA. I wouldn't buy CDA at even a 50% discount to the current over the top price.
IMD should benefit a lot from increasing drilling expenditure - their expanding tech offerings can save companies money and time and reduce environmental impact.

 

[Miner]

Yes a lot of IMD's business comes from gold miners. Gold prospector business is for CDA. I wouldn't buy CDA at even a 50% discount to the current over the top price.
IMD should benefit a lot from increasing drilling expenditure - their expanding tech offerings can save companies money and time and reduce environmental impact.

Please correct me as I thought their key business with oil field. excepting that query, it was a great post.

 

[finicky]

@Miner IMC got into oil related stuff but had to bail out at a big loss, now just minerals (ex oil). Presos worth a look to keep in mind for maybe a crash.

 

[galumay]

LBL now up 10% since Friday's announcement. Steady progress.

 

[finicky]

Please stop

 

[galumay]

Soz, finicky. Its ok, my gloating will surely bring it back down to your calculated entry price!

 

[peter2]

"The name is, Bond, Laserbond." I'm currently enjoying a little trade in LBL. I did buy the dip that @finicky was hoping for. It's a thinly traded stock so we can expect an occasional large range bar. I've stuffed this trade in a low activity conservative portfolio and it's nicely offsetting other losers. On the weekly chart it looks like price is nearing some resistance at 1.00. I'm hoping that it "flys" when it trades above 1.00.

 

[galumay]

I wont say anything in case I stuff the trade up!

 

[finicky]

Great little company imo; I've pencilled it in for the apocalypse shopping list

 

[galumay]

Solid result from $LBL for H1, they have managed to largely overcome the impacts of the last couple of years. The only real damage has been the promotional revenue target miss, didn't learn their lesson, just increased the target and kicked it down the road a bit!!
Worth noting they didnt remove over $500k in Jobkeeper payments from the comparative period, so the profit growth is substantially more than quoted.

 

[finicky]

I was fiddling around with the LBL chart last night so thought I would throw it in the thread.
I see LBL as still overpriced unless you factor in assumptions about future revenue growth, thus subscribing to the company's aspirational guidance. But who knows in this climate how a little industrial company will be faring in 2004 -5? (rhetorical)

The chart is weekly and the week isn't finished ? but I take 0.75 as the significant support level which is broken, but interesting to me is the 0.70 level, also broken, where we see the highest price volume bar as well as high positive ordinary volume spikes when the price was around this level (Oct/Nov 2020). How I interpret this is that there are probably substantial shares held that are now in capital loss or break even. This at a time where tax losses can still be generated. Also stop loss actions might be taken. Also market pessimism is high - assuming its not just me. The volume of selling is very small but on the other hand buyers aren't stepping up or price wouldn't be falling this much on such low volume.

I think down to 0.45 is a chance - it's not a call, just an event I consider possible based on valuation and the chart and I would be very tempted if it gets near that.

Not Held
Sentiment: Hold

Weekly

 

[galumay]

I have a lot of LBL, if I didn't already have so much I would probably top up at anything below 60c as thats in my range of calculated fair value, although my cost base is under 20c so its hard to get past the anchoring bias!

 

[finicky]

Ok, I'm changing my stink bid to 20c
Do you think it is worth 0.60 on fy22 earnings to be assumed from recent downgraded revenue guidance? Or are you adding something for growth?
I forgot to add, that while management explain very well why payment for two of three manufacturing contracts will be pushed back to next financial year due to supply chain issues and thus fy22 rev will be a little lower, I suspect that some will not take this onboard and will sell if actual fy earnings disappoint their uncritical expectation. It takes very little selling to move the share price in this climate. I know this doesn't concern you much @galumay but I am assessing the stock as someone who'd like to get in.

 

[galumay]

Sorry @finicky, i missed that question at the time. The answer was clear today!

LBL has released its results, definitely my biggest surprise of the season, did not expect such a strong result from them given just how much the business had been impacted by the usual suspects. One of my largest positions, so all the more pleasing.

 

[galumay]

LBL with a very good FY2023, my only issue is the continued focus on Revenue targets. I dislike single metric targets generally and just see no need for it with this business. The 5 year comparison shows the quality of the business IMO.

5 year comparison.