The company has a tendency not to provide many announcements and hence it is a bit difficult to make any assessments. It has been profitable and giving dividends and the revenue has been showing an upward trend. I would have thought that they could have provided a forecast of their results for FY22/23 which will give us an indication on how they are travelling. They normally provide this around end of May and we can only hope that this forecast will be announced very shortly. There is no reason for the price to be moving southwards and the volume traded is not significant although the June 1 trades was in excess of 100K shares. Perhaps some see this as a buying opportunity. These are my views and not financial advise.
LBL Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
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