Here is another share I really like and I think offers excellent value.
In the lastest market update they are forecasting 1.5million NPBT which is 300% growth on last year. This should translate into normalised 1million NPAT - they may not have to pay full tax, so it could be higher.
This thing is illiquid and has hardly any shares on issue. 72million shares at 10c represents market cap of only $7million.
I think LBL is in that magical sweet spot market cap, profit level too. This thing could easily command a $15million market cap or double the current price. Especially if they hit that target (dont see why not as it was made recently), and the bullishness of the commentary reads well too. Any evidence of further growth from here should get the market interested. And I think its business meshes well with the likes of say RCR, so it could be a potential takeover if the share price doesnt start to go up. Another great sign is that a director recently bought 80k+ shares and he paid 12c for his.
I have been accumulating this one on the dip back to 10c, bit of res at 12c though, technically it may be swinging especially if it can close at 11c or beyond today.
cheers
LBL Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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