The anticipated FY2025 results released by small-cap J357 food producer $JSELBR Libstar are released
What a year
This time in 2025,
#LBR put the "for sale" sign up on the company looking for offers. By September 2025 the company stated there had been submissions of interest - the stock ran up on this news
Then months of quietness and on March 2 2026
#LBR withdrew the cautionary as gaining a value for the company from interested parties and what the board felt was needed, was too far apart for all deal were off.
#LBR fell back on the news and has been in a holding pattern around 440 cents for all of 2026 but has been ticking lower on the market reaction to
#TrumpWar #IranWar
Overall, the metrics and performance from results today were "pleasing" I'd say. I've no need to be churlish. The restructuring and re-positioning that
#LBR CEO Charl de Villiers has undertaken over the past 18 months continues to deliver uplift as the table below detail
NHEPS of 70.6 cents per share +21.6% was in the middle of the narrow range trading guidance given and if this trend continues (its a tough market out there) it will break the lacklustre trend in earning seen in
#LBR since its May 2018 IPO
Interim results for the past few periods have been good but H2 was always the disappointment. These results MAY have broken the trend. Time will tell.
The dividend was raised +86.7% to 28 cents per share and the company announced a 5% share buy-back program (@R140 million worth based on current market cap of R2,740 million)
I expects this news (I wrote in October 2025 I expected this support) though I and others would have wished a 10% buy-back or greater but I guess the fattened dividend will assist any griping
At 449 cents
#LBR is -5.07% year-to-date
In all my writings on
#LBR in 2025, I gave the likelyhood of a deal happening as 50 : 50. In a @FinancialMail company update in October 2025 at 456 cents I urged caution
Where to from here all lies in the laps of
#LBR management. With no bid interest the stock has to re-draw interest from its own current & prospects story. Will it be enough for the market to look aside on-going concerns and feedback on the messy mix of assets within
#LBR - its diamonds and dogs
There is a
#LBR capital market day and site visit towards the end of March that @smalltalkdaily is participating in. That session will be key to the trend of the stock for the rest of the year
For now, I'd digest results and await the news from the two-day investor event. In time of market uncertainty and conflict ... there is no headlong rush needed
There is a results presentation from
#LBR at 10,00am and I provide the registration link here if you wish to participate
presentations.corpcam.com/PreRegPage.asp…
