As per my post above the current share price is accurate in line...

As per my post above the current share price is accurate in line with the falling EPS and net profit. There is no way the company can demand a $1 price unless those earnings materialise as expected

I hold similiar valuations to the analyst coverage however have pushed these expectations out to FY26 and FY27 making LBL an unfortunate patient hold. Average price remains around 0.5 and as it goes lower will top up.

In my bear case scenario my valuation on current TTM and also 1H FY25 showed valuation coming down to around 0.33 cents a share.

The math and financials are brining the share price down in line with the valuation IMO. The P/E multiple is contracting in addition. To demand a $1 share price right now or even by August is ludicrous. The P/E would have to expand significantly and EPS would have to be well above analyst forecast of 0.04-0.05 . We are miles from that unless they have a record profitable 6 months and earnings are around $4-$5mil. I don't think it'll achieve this right now based on reported numbers so far.

I expected a signficant fall, not that I like it, but the turnaround and long term story is there.

if revenue from Gateway pours in as expected and hits near the 60m mark and these earnings trickle down then we can expect CMP to rise along with it.

Right now I think it will trade sideways and lower for some time. Not because I am trying to forecast or have a crystal ball but simple the company showed $1m earnings, what did everyone expect these analyst valuations are like an extrapolated robot. Look at the eps forecast its literally going up in a straight line. Small caps like this are lumpy.

Once we see full year results and earnings above $3m and EPS above 0.04 we'll rerate again.

The US expansion is a mixed bag of emotions. If pulled off it would be a great long term bet for the growth of the business. Short term though how will they fund it? They've blown up earnings and cash flow with the acquisition as it is. A cap raise could damage the long term thesis here.

Growth organically will then have turned into growth by acquisition and cap raises.

Hopefully I am wrong on my downside valuation and bottom in the mid 3 cents. I did some rough calculations and this full year results even if they are in line with guidance still doesn't show a share price higher than mid 50 cents. Only FY26 can rerate the price much higher IMO.