A hypothesis could be that people tie Laserbond somewhat to the resource sector. If you compare say DDH1 a large enough drill rig company they share a similar dip to Laserbond over the last few months.
IMO its not a company specific drop.
I found a really good interview with Wayne Hooper yesterday. Its from 7 or so months ago but I enjoyed it and thought it was worth sharing - especially for people that don't know a lot about Laserbond. (326) Exclusive interview with Wayne Hooper, CEO of Laserbond Ltd (ASX:LBL) - YouTube
As I have said before re Laserbond, personally this is one of the only company's I own that I dont get worried if the price heads south as I want to see its share price go further down so I can buy more, because fundamentally this company IMO is sound with plenty of potential for systematic growth. These guys have done a great job so far over the years IMO.
A hypothesis could be that people tie Laserbond somewhat to the...
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Last
70.0¢ |
Change
0.005(0.72%) |
Mkt cap ! $81.72M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 70.5¢ | 69.0¢ | $64.38K | 92.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5827 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 10842 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
70.0¢ |
Change
0.005 ( 0.72 %) |
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| Open | High | Low | Volume | ||
| 69.0¢ | 70.0¢ | 69.0¢ | 2579 | ||
| Last updated 15.39pm 14/06/2024 ? | |||||
| LBL (ASX) Chart |