Hi reginaldp, LBL declared its substance when it made a new yearly high 2 weeks ago on a decent volume + a gap. Not withstanding the recent chaos,it is one of a handful of stocks holding near the yearly high & a whisker away from the all time high of 0.165. Technically,a break of 0.165 should propel it to 0.28. Fundamentally,this is where it should be now with FY NPAT of aroud $1.6m ( PE 12 ) The fact that it has a small number of shares with more than 50% held by the Hoopers,makes traditional charting very challenging with false signals along the way. Lastly LBL is growing at a blistering speed,which I expect to gather more momentum even in an environment of relatively slow growth. To sum up: LBL is quite robust both technically & fundamentally. One of the best micro caps I have seen in a while. Regards.
LBL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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