I guess it is important to see where & how growth will come from. LBL has 2 main divisions (Services & Products) & so far a small Technology division that has been erratic but can grow to a decent size at a steady run rate of $3-4m PA (including growing recurring lisence fees & consumables) # Acquisition will only be required to grow the Services division .....$10m acquisition in WA + a modest organic growth "should" add $6-7m revenue growth in 2025......Let's hope it is another QSP not a Peachy's Engineering disaster of 2008. # Products has been growing purely organically at CAGR of 18% since 2019.......There is large scope to grow Pruducts organically by establishing a facility in the US with leased floor space & leased equipments which will not be a huge outlay. LBL has its customers there, that will likely significantly increase by being near their major market......I believe that this division has the best growth prospects by far. # Technology Division growth will be purely organic. I have to say it is more important to restore Products Division historical EBITDA margin of 30%
LBL Price at posting:
89.0¢ Sentiment: None Disclosure: Held
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