I’ve been in this for around 17 years. In with a modest investment at 11c and been part of the DRP for a return to date of around 996%. Management rarely put a foot wrong, only once that I can remember with an underperforming asset they purchased many years ago. Since then it’s been a solid performer. This is definitely not a lifestyle company for management with a reasonable employee/management share bonus plan. Management have always been transparent with their objectives and notified shareholders well in advance if they believe they feel they will fall short. There is no indication that they will fall short of their financial targets/growth for the next few years.
LBL Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
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