LPE definitely aren't worthy of a m/cap north of $50m unless...

LPE definitely aren't worthy of a m/cap north of $50m unless they can accelerate profitability. Their projections are already "at risk" due to new entrants into the market and based on their projected NPAT of $0.7m for FY19, that's a forward P/E of 68 ?!?!

I'm getting slightly frustrated that their strategy keeps changing every 6 months, which has had a knock-on impact to cashflows.

Last, but certainly not least, their inability to expand into other states, especially lucrative ones like NSW and VIC, is also putting me off from buying any more LPE shares.