Yes nice result , From a product development perspective they are on top of their game , I like seeing the mention of "competitive price for some smaller componentry "
Is smaller componentry a hint that they are moving into supplying a different market segment, I can think of few possibilities ie consumer items rifle barrels , locking mechanisms , bearings for small electric motors, medical devices , valves for scuba gear, mini hydraulic cylinders for welding robots , would be plenty more possibilities and could result in also a new technology sales tool they can license out ie a micro robot that laser bonds ?
"Y22 Progress on Plans ❖ Launched MicrocladTM, NanocladTM and E-CladTM and release costings throughout the year and they are now contributing to revenue ❖ Launched new hard chrome replacement technology and now working on achieving a more competitive price for some smaller componentry FY 23 Stated Plans ❖ Continue business development activities for all new products/applications including Microclad, Nanoclad, E-Clad, steel mill rolls, rotary feeders and release coatings ❖ Continue to invest in research and development activities and projects to remain ahead of the market for surface engineering equipment, applications, and capabilities ❖ Concentrate on Services Division applications for a broader range of industry sectors, including rail, power, timber, oil and gas, drilling and defence."
LBL Price at posting:
82.0¢ Sentiment: None Disclosure: Held
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