Laserbond have already announced they bought on new team members for business development to focus on new business as the existing sales staff were getting tied up more and more with existing customer needs. I think the strategy of buying a local business then using those existing customers as a way of onselling cladding surface etc stuff is the most risk free way of growth.
With Laserbond now seeing gateway revenues and profits over an entire year rather than a 1/3 of a year, hopefully some fruits seen from the sales personnel onboarding, more utilisation on equipment with the machinists coming via overseas I struggle to see how profits don’t increase next financial year with some significant upside possible if all darts hit the board.
LBL Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
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