LBT 0.00% 1.4¢ lbt innovations limited

Ann: CCS Appoints Thermo Fisher as Exclusive US APAS Distributor, page-25

  1. 1,683 Posts.
    lightbulb Created with Sketch. 252
    I disagree on the lack of SP movement.
    A US distributor deal has been expected for sometime, and this has been a classic buy on rumour sell on news example.
    Aug 19th SP was 9.9c. Since then LBT has seen a steady SP increase of 40%.
    The news was already priced in.

    The announcement makes no mention of revenue or any material impact, and rightly so.
    Thermo will sell any number of APAS units from 0 up to 1500 over the next five years.
    This is why everybody is hesitant to jump in.
    It's not unusual, it's astute and expected.

    This is a good announcement for LBT as the key words of the announcement are:
    installation, maintenance, support services
    and these will be provided by Thermo.

    Let's see how sales progress.
    If we see few sales over the next six months, I expect the SP will drift back down to the 10c level.


 
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