Not much research on this stock since it listed in 2021. It's a solid business with a long and profitable history, and reasonable prospects for growth. However the SP has fallen $1 since early Feb. It is now trading well under the IPO price of $3.60, on a historic P/E of around 8x. And it pays a divvie. Nothing bad in the 1H results issued on 23rd Feb. Ahead of prospectus forecasts. I suspect the China lockdown situation has the market fully spooked, but that should hopefully be lifted within a couple of months. This looks like it could be a buying opportunity, but I'm waiting for the chart to stablise before topping up. The SP could get even cheaper. DYOR.
LGL Price at posting:
$2.28 Sentiment: Buy Disclosure: Held
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