What a vicious reaction. The market has recently been reacting to to financial results in a bizarre & inconsistent manner. The good bits: # service division growing at double digits (21%) # Growth profit margin improved to 49% vs 47% The bad bits: # Products division sales contracted by 9%.....This is what upset the market....It is the major growth driver ....or the blue sky. # No equipment or consumables sales in the Technology division. # Operating Cash Flow contracted by 62% ( $575Ks vs $1755Ks).....This can be explained by the strong debtor position ( net receivable $4.725m Vs $3.358m......Yet the market likes better working capital management & freeing up cash. # Dividend stagnant at 0.005. ---- Not a pristine result . but I didn't think it justifies 30% drop.
LBL Price at posting:
53.0¢ Sentiment: None Disclosure: Held
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