Ann: Annual Report to Shareholders, page-17

Guys, cash flow + bench mark was at about 100 GWh annual billing base which has been reached during last quarter and that's why they came so close to break even, just missed it by $ 65000. Now the average for this quarter should be about 120 GWh, so 20 % more. That's why we can assume 5m revenue at a constant converting rate ( 4m ). Therefore, we should see a profit of $ 500k to $ 1m. Unless they needed money for establishing the new subsidary. But the core business is already profitable.

Big instos got their own buying criteria, ranging from just being cash flow + to ASX index requirements ( top 50,100,200,300, all Ords, selected groups ).

LPE is becoming a big fat cash cow but it takes the market some time to realise that. No need for a CR unless some big insto wants a big chunk of shares. In that case top 20 holder should offer them some of their shares at a huge premium instead of an ordinary CR. But at this stage there won't be any need for a CR to continue their growth rate at about 7 GWh per months.

With heaps of customers still lining up there is a high chance that one of the big retailers will try to take over LPE either to get them out of business or to capitalise on LPE's success. One of the previous founders of LPE, who couldn't get his own company started recently may get together with one of the bigger players, e.g. NSW's Alinta, to get a grip on LPE. I think that's the reason why LPE wants to grow much faster to fight off this threat.

Because of the above I can't understand that this morning a CHI-X moron had to devalue LPE by 8%. But that's part of the market, stupidity and smartness close together.