Trouble is, by their nature, these business activities are lumpy: some half-years will be good; some will be "meh":
So, a bit difficult to put to much value on any six-month segmental result and the best assessment is what happens over time.
Of course, that's after the fact, which is one of the reasons that, until it reaches sufficient scale where this earnings volatility is not noticeable, this will continue to have a discounted valuation multiple afforded it by the market.
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LBL Price at posting:
65.0¢ Sentiment: None Disclosure: Held
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