But they are buying.
Gross profit margins stayed above 50%, , a testament to quality & pricing power.
We have to remember that LBL has some limitations because of capacity constraints (geographical, floor space, skilled labour etc) , but Services Division managed an organic growth of a respectable 13.3%.
I must admit though that Products was highly dissappointing....It has been growing at CAGR of 18% since 2019.
In FY24 its revenues contracted by 7.2%.....This is attributed to the supplier issue , Capacity constraints in the March quarter due to delayed arrival of skilled migrant workers that started arriving in June & also delayed orders from the OEM.
Hopefully these issues will be resolved going forward.
I believe that the blue sky potential of LBL lies in Products
Ann: Investor Presentation, page-53
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Last
59.5¢ |
Change
0.005(0.85%) |
Mkt cap ! $69.47M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 58.5¢ | $25.87K | 43.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4856 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 32461 | 1 |
View Market Depth
| Last trade - 15.58pm 27/09/2024 (20 minute delay) ? |
| LBL (ASX) Chart |