lbl half yearly, page-13

DJ1,

Growth will happen through the Gladstone factory, plenty of spare capacity there. As 3500 points out, plenty of activity expected in that part of the world over the next few years.

They moved into a new MUCH larger facility in Ingleburn - because the facility they were operating in previously was literally "flooded" with work.

The service LBL offers is unique in Australia.

Customers are happy, a whole line of new customers coming online as well - likely to be repeat customers.

By way of acquisition, the company is looking at WA in the near term. SA would logically flow after that.

The current profits can easily double year on year. A PE application of 12 is a hell of a discount for potential.

The last two halves eps is at 1c and 1.3c which gives FY of 2.3c... at a share price of 24c that equals a pe of 10.4.

With revenue increasing 4x and earnings increasing 4x in the past 4 years... why would you think that growth is suddenly going to stop?
Personally, I think LBL is still on the starting blocks.