ASX:LBL
LaserBond Ltd
Investment Summary
The fund managers believe that LaserBond Ltd. (LBL) has faced some short-term challenges, primarily due to labor and supply chain issues that have impacted their recent financial results. Despite these setbacks, the managers remain confident in the company's management team, which they consider honest and competent. In their opinion, while the market reacted negatively to the disappointing results, these challenges appear to be temporary, and management has already addressed many of these issues. The fund managers expect LaserBond to return to growth, with margins improving once these operational challenges are resolved.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Manager
Mereweather Capital
Date
30 Aug 2024
Price
$0.59
Medium
Monthly Report
Commentary
Mereweather Capital Inception Fund continues to hold LaserBond Ltd. (LBL) despite some recent disappointments, as the company has faced labor and supply chain challenges that impacted their first-half results. While these issues were expected to ease in the second half, they persisted longer than anticipated. However, the Fund maintains confidence in the experienced management team, who have addressed these short-term obstacles. With LBL trading on 18x earnings, and growth prospects intact, the Fund expects the company to return to stronger margins in the future.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.