Assuming they were busy converting in September as well we can...

Assuming they were busy converting in September as well we can take it as guaranteed that LPE is billing right now based of at least 130 GWh pa. At this rate and the hope of some big buildings coming online we can look forward to see the billing base at 150 GWh from January on. According to the previous 4C's we can expect a quarterly revenue of at least $ 6m from 2nd quarter this FY 17 / 18. All depends on the cost of converting but if previous costs per GWh can be used then they should generate $ 1m per quarter in profits from NOW on and 2m from January just based on the core business. On top some income from the embedded network managing and EV chargers. But let's be very very conservative and just work with 5m profits pa instead of 8-10 for 2018. At a PE of 15, normally 30 for growing businesses, the MC should be 75m = 3c, at PE 30 = 6c.

So based on the general ASX valuations LPE should be valued now at 5c minimum.

ASN, BUB and many other stocks that got the VIP treatment recently are currently valued at PE of " infinite " as they  have either no or just a tiny income related to their MC. LPE's sp will catch up to the correct valuation sooner or later, what a great buy at 2.5c.

BTW, I still email Sunsuper all the anns, no guarantee they will jump on board but they indicated it a few times in the past. The escrow expiry in January could become a busy time for top 20 holder changes if any of them would want to sell.

GLTA