Perhaps the M&A is a signal that organic growth is slowing.
I think their approach with an initial 40% is quite cautious. Management have skin in the game, i am sure they aren't going to bet the company on a deal.
I just don't know who the future buyers of LBL stock are. Sub $100m MC and illiquid. Small cap fundies won't be lining up.
Ann: LaserBond Dec 23 Half-Year Performance Summary, page-15
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Last
58.5¢ |
Change
-0.010(1.68%) |
Mkt cap ! $68.57M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 59.5¢ | 58.0¢ | $10.57K | 18.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 241 | 58.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 3789 | 3 |
View Market Depth
| Last trade - 15.05pm 07/10/2024 (20 minute delay) ? |
| LBL (ASX) Chart |