I see LBL as having a bright future in a depressed economy , as you mention repairing has less capital intensity than buying new , and that argument is leveraged positively in that when Australia has a depressed economy its exchange rate also gets depressed against the Euro and US$ so for example an A$2m dump truck a few weeks ago now would cost A$2.4M on indent so an even less appealing investment compared with getting the old one repaired in $A .
Good to see the CEO buying on market , wonder if LBL has any expertise in 3d printing parts needed for ICU hospital wards for corona patients
Ann: December 2019 Appendix 4D & Financial Report, page-18
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Last
71.5¢ |
Change
0.005(0.70%) |
Mkt cap ! $83.48M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 71.5¢ | 70.0¢ | $92.49K | 131.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39511 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 26607 | 3 |
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| Last trade - 15.48pm 27/06/2024 (20 minute delay) ? |
| LBL (ASX) Chart |