Speaking as a former holder who lost an annoyingly large amount of money on LPE (so I may not be the most authoritative person to speak on the subject), the disappointment for me in this result was the lack of operating leverage. Sales went up by $10m, effectively doubling, but the underling loss only improved by $1m. Management have put some forecasts out but these require significant operating leverage and on the basis of this result I'm not sure I would trust them to deliver it. Anyone got a good theory for why the cost growth we saw in FY18 won't be repeated in FY19?
Speaking as a former holder who lost an annoyingly large amount...
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $1.879K | 12.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38359 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 10587 | 1 |
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| Last trade - 15.08pm 29/11/2024 (20 minute delay) ? |
| LPE (ASX) Chart |
