Given how fast and profitable its growth rate is, I’m happy for cash to be retained within the business
Given commodity prices are at insane levels, now would be the opportune time to win further contracts or expand on existing (Thinking BHP and Rio), certainly wouldn’t want to be capital constrained IMO
Note they expect revenue to double again by FY25
Appears to be large Tech sales in late FY22 that they couldn’t recognise due to delays in delivery (See top right on pg 10 of report)
So that already sets up a good start to FY23
This company seems to be a bit of a hidden Gem, happy for it to stay cheap to be honest, happy to add at these prices
Ann: LaserBond 2022 Annual Report, page-7
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