Given their past track record with forward guidance, they are a prime candidate for the Tonto medal - as in ‘white man speak with forked tongue’. So let plough the phlegm off my chest. (Did ya get it, oh bleederless warrior) as a teacher, PortfolioPlus is giving LBL a fail for FY24. The school report shall read “despite some potential, LBL must be concerned at these underwhelming last few years. Technology which showed so much promise earlier on, has disappointed o/n both the top line and the bottom line margin is beyond disappointing belief. The other two divisions just limped along like any other very ordinary result. Just seems to lack fire in the belly. Hopefully Gateway might inject some imagination or alternatively. LBL should leave Australia and lose itself in the rust bucket state's of USA. As an Aussie shareholder of 5 years or so, I don’t buy the dream anymore and rather than a forward guidance for FY25 a gob smacking performance to the upside is the only thing I want to see. Very reluctantly I will do the merry go around for one more year. Not happy Wayne.
LBL Price at posting:
55.5¢ Sentiment: None Disclosure: Held
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