LBL 0.86% 58.5¢ laserbond limited

What a vicious reaction.The market has recently been reacting to...

  1. 7,628 Posts.
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    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.
 
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