Ann: Appendix 4C - Quarterly, page-8

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Champee

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09/05/21

09:46

Post #: 53043799
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Originally posted by madamswer: ↑

A quite meaningless 4C, given this company has only just started its commercialization journey.

There are a number of things to like about this CBL, including that:

1. its products are proven and the outworking of 15 years of R&D;
2. the addressable market for those products is truly very large;
3. approvals have been received to sell into those large markets;
4. Gross Profit Margins are high (>60%)
5. it is founder-led;
6. its management took no money off the table during the recent IPO, and
7. with cash holding of ~$13m (equal to about 20% of the company's market cap), the business is adequately capitalised to fund the investment required (Sales & Marketing and Working Capital) to drive the top line.

Sure, its a widget seller, but they are very good widgets for which there is great unmet need, and once market awareness has been created, I strongly suspect it will almost certainly be able to sell as many as it can produce.

It might not become a billion dollar company (well, not any time soon, anyway), but it has all the foundations for becoming a business which is a lot more valuable than the $60m value which the market currently ascribes to it.

.

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Good morning Madam,
. I think your words are correct, the fundamentals look good for CBL to grow the business. The profit margin is excellent and sales going up. A low cap offers smart investors a great opportunity.

Champee

CBL Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 4.0¢		Change -0.004(9.09%)		Mkt cap ! $11.78M

Open	High	Low	Value	Volume
4.4¢	4.4¢	4.0¢	$474	11.53K

Buyers (Bids)

No.	Vol.	Price($)
1	22144	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	287	1

View Market Depth

No.	Vol.	Price($)
1	22144	0.040
1	18153	0.039
1	70000	0.038
2	178574	0.035
1	73499	0.033

Price($)	Vol.	No.
0.044	287	1
0.045	22222	1
0.048	20833	1
0.050	165000	1
0.060	110000	2

Last trade - 14.45pm 22/07/2025 (20 minute delay)

CBL (ASX) Chart

Ann: Appendix 4C - Quarterly, page-8

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Ann: Appendix 4C - Quarterly, page-8

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