Quiet Contrarian. Ep60: Trades for September 2024

Buys

Laserbond Ltd – LBL.ASX – The market has been a bit disenchanted with LBL lately as their profit dropped significantly despite growing revenue. However, some of this was due to a change in the accounting regulations and the statutory profit reported, and so I personally don’t believe it was as bad as it sounds. They are still a high quality well run business. Historically their PE has fluctuated between ~10-26x. I got some at a reasonable ~15x. Their illiquidity can make them a bit riskier.

Civmec Ltd – CVL.ASX – Just topping up some more of CVL. Take a look at last month for the rationale.

Clinuvel Pharmaceuticals Ltd – CUV.ASX – Topping up on these guys on recent price weakness. Check previous for rationale.