Well they have been around for a while, so lets hope the proving period is over. When you read the latest announcements I just get the feeling that LBL is now positioned for some solid growth in the coming years. They have just moved into new premises with over 250% more floor capacity, and the troubled Gladstone operations look to be on the road to recovery now with more hiring and monthly targets. In addition LBL is geared to the post greenhouse world. I like this quote from directors presentation late 2010.
"What is more, increasing energy costs present significant opportunities for the company. The steel industry estimates that around 30GJ of energy is required to produce one tonne of steel. Through utilisation of its surfacing technologies, LaserBond can dramatically extend the useful life of wearing industrial components, so a one tonne component may typically be reclaimed and placed back into service with only 1GJ of energy consumed."
LBL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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