Microcaps are generally unloved, and the drop in earnings is transitory, due to the unfortunate supplier issues which have now been resolved.
Moreover, earnings are further understated due to low capex compared to depreciation/amortisation, and accounting quirks which preclude incorporating earnings post WA acquisition.
I see Canaccord TP is $1.10 and Curran $1.15, with the later's projections below:
That's why I bought in recently after a few years on the sidelines.
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Last
54.5¢ |
Change
0.070(14.7%) |
Mkt cap ! $64.12M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 58.0¢ | 54.5¢ | $420.9K | 754.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47250 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 2109 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| LBL (ASX) Chart |