Half-yearly EPS 1.5c, Cashflow and margins strongly up, debt down. Market demand still not equal to pre GFC levels. Divvies to start again (subject to economic conditions holding) following full year results.
Given the 15% rule, I would anticipate a profit update in May sometime. Although LGD are being cautious, think there is not reason why a full year EPS at 3c (and divvie probably around 1.25c) plus cannot be achieved.
I should imagine LGD will probably campaign pretty hard for publicity once the full year result is out in order to obrain a more reasonable (P/E 10-12?) valuation.
angus
LGD Price at posting:
15.0¢ Sentiment: None Disclosure: Held
