"Have a look at their last 4 years results - this is the first...

"Have a look at their last 4 years results - this is the first positive for a long time - lets see if it continues"

Their last 4 results (Operating Profits, to distortions from non-operating items) were as follows (with growth on pcp shown in brackets)"

JH2016 = $3.78m (-27% on pcp)
DH2016 = $3.78m (-27%)
JH2017 = $4.49m (+19%)
DH2017 = $4.62m (+22%)

So, it is not just the latest result that demonstrated positive momentum, the JH2017 result also showed strong growth.

Importantly, this has been driven by the company's largest division (~70% of group Revenue and 60% of group EBITDA which generates sales into infrastructure, mining and power generation markets, all of which are undergoing cyclical upswings that still have a number of years to run.

So, to answer your question, I think it will continue.

And that's just on a pure organic basis.

And then there's also the $12m acquisition of Celemetrix (specialist test and measurement and consulting services) which is currently being completed and which will add around $0.8m to JH2018 EBITDA and $1.4m to DH2018 EBITDA.

So, extending the Operating Profit (EBIT) trend listed above to include this acquisition, along with some modest (~4%) organic growth, forecasts for the next few reporting periods look something like this:

JH2016 = $3.78m (-27% on pcp)
DH2016 = $3.78m (-27%)
JH2017 = $4.49m (+19%)
DH2017 = $4.62m (+22%)
JH2018 = $5.2m (+16%) [Forecast]
DH2018 = $5.8m (+27%) [Forecast]
JH2019 = $5.9m (+11%) [Forecast]

So, still lots of growth currently embedded.

Of course, growth is one thing, but the real issue is what investors are being asked to pay for that growth.

LGD's market cap is around $50m, and the company will have around $20m of Net Debt, after the completion of the Celemetrix acquisition.

So, an EV of ~$70m.

Based on my FY2019 forecasts, the stock is currently capitalised at a P/E multiple of 7.2x and an EV/EBITDA multiple of around 5.2x.

This is not one of the market's highest-quality business.
But it clearly isn't priced like it is.

It is also not a putrid, vile and malodorous business.
It is, I think, priced somewhat like it is.