$LBL ASX - LASERBOND LIMITED

Laserbond Limited (LaserBond) specializes in developing technologies and implementing surface engineered solutions to provide service life for equipment used in a range of industries, including mining, drilling, minerals processing, manufacturing, construction, transport and power generation. The Company manufactures, repairs and reclaims wearing parts and assemblies incorporating surface engineering technologies. The Company operates in segments, which include NSW-Services Division and SA Services & Products Divisions. The Company offers drilling tools, which include hammer details and drill bits. The Company offers various services, which include laser cladding, thermal spary, welding, machining, heat treatment, metallurgy lab, surface coating and remanufacturing. LaserBond cladding and thermal spraying technologies, which are developed by the Company form core of its business. Its intellectual property is deployed within repair and remanufacture of customer equipment.

Its appeared on my screener for the last couple of days so I have been keeping an eye on it. Has some good volume coming through with RSI and ADX running the right way. Not sure it is liquid enough for me to trade so I dont have a position in it, but its in an interesting space leveraging a growth industry. Could be a grower.

Comment:

I didnt buy and of course its now up 20% on the day. Doh!

Comment:

After a bit of a hiccup it looks like its back on its way. Pushed through .235

Comment:

Nice additional run today hitting .33

Comment:

Still running nicely

Comment:

Up over 200% now. Next big mark of .40 has been crossed. Who will win. Buyers or sellers?

www.tradingview.com/chart/xfoxIUw4/

Comment:

I exited out of this at the start of the year when it basically went into a sideways ranging mode. Bit of movement back in it again so could be worth a watch.

Comment:

Such a good runner. RSI shows there could still be some upside even at these levels.