I reckon the market was expecting a much worse report with COVID & a high AUD that eats into profit from US sales. At face value it appears to be fairly valued at current MC just under $60m . No one knows how the market will react tomorrow , but it may look very favourably at the very healthy Gross Profit Margins >50% % & EBITDA margin >25%.....It may also get excited about forecast 50% growth next year & push LBL up to 0.70 or 0.80. My 1st reaction reading the report was a sigh of relief.
LBL Price at posting:
60.0¢ Sentiment: None Disclosure: Held
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