well with 209 trades gone through the one silver lining is the stock has finally shown some liquidity !
If they meet their sales target of double digit growth for the year and they did 7.3% for the first half then they will need to do at least 10-7.3 + 10 = 12.7% growth in the second half which seems achievable given they had "later than expected delivery of key customer contracts" .
If the company proves in the annual report in August (or before) it has double digit growth in both revenue and profit for the year as a continuum from the previous FY then it is a growth stock and can command a high PE if not then the current market cap is too high and probably why there is some relatively heavy selling down at the moment
Anyway nice call by Veecat regarding word on the street .
LBL Price at posting:
55.0¢ Sentiment: None Disclosure: Held
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