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LaserBond Ltd ASX:LBL

1 opened or increased4 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 5 managers in total.

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20252026

28 Feb 2024 to today

Commentary Showing 2 of 20

DateManagerActionSummary

30 Sep 2026DMX Asset ManagementHeldDMX Asset Management continues to hold LaserBond (ASX:LBL), highlighting its patented laser cladding technology, which can extend the life of heavy industrial equipment by up to 10 times by creating stronger metallurgical bonds than thermal spraying or ceramic coating. DMX notes leadership has passed from the founding Hooper family to experienced CEO Rob Freeman, who aims to professionalise the business, diversify customers and pursue offshore growth. A $2.3m FY26 licensing deal with Komatsu demonstrates the commercial value of LaserBond's intellectual property, with further OEM opportunities possible. Full ownership of its 40%-owned associate Gateway would lift consolidated revenue above $100m. DMX believes LaserBond screens attractively at around 10x FY27 earnings compared with loss-making peers Metal Powder and Titomic.

Monthly Report, price recorded $0.53

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31 Aug 2026Merewether CapitalHeldMerewether Capital continues to hold LaserBond because it believes the company is well positioned despite a softer second half. Revenue rose 11% to $48.2 million and net profit 28% to $4.9 million, driven by a strong first half before volatile tungsten powder prices lowered Products segment margins. Tungsten prices have moderated and key customer supply contracts were renegotiated to reduce volatility. The highlight was a Technology sale to Komatsu, lifting segment revenue to $3.4 million at over 50% profit margins, with management signalling further sales into Komatsu's global network. At a $65 million market cap, LaserBond trades on about 13 times earnings.

Monthly Report, price recorded $0.55

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18 more comments on LBLPro shows every comment, with a link to each source document.

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Price at first mentionThe share price recorded when each of 5 managers first commented on LBL.

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Articles

About LaserBond Ltd

Industrials, Machinery

LaserBond (ASX:LBL) is a surface engineering company that small-cap managers see as well positioned for growth under new leadership. In August 2026, Merewether Capital reported FY26 revenue of $48.2 million and profit of $4.9 million, up 11% and 28%, though it noted the result was driven by a strong first half, with the second half affected by volatile demand. DMX Asset Management said new chief executive Rob Freeman presented an encouraging outlook, highlighting international growth for its products division, including components for the oil and gas sector. LaserBond operates in the Industrials sector within the Machinery industry, and Thesis Tracker has captured 18 comments from 5 fund managers, including Merewether and DMX Asset Management. Headquartered in Smeaton Grange, Sydney, LaserBond specialises in laser cladding and surface engineering that extends the life of industrial components for mining, energy, agriculture and manufacturing customers.

Market cap: $64m
Price to earnings: 13.5x
Return on equity: 11.5%
Dividend yield: 3.0%
Price to book: 1.49x
Net margin: 10.2%
52-week range: $0.49 to $0.67

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in LaserBond Ltd (ASX:LBL)?

Fund managers including Mereweather Capital, DMX Asset Management, Underwood Capital, HD Capital Partners and Merewether Capital have invested in LaserBond Ltd (ASX:LBL).

What opportunities or catalysts do fund managers highlight for LaserBond Ltd?

DMX highlights significant international growth opportunities in LaserBond's products division, with new oil and gas components gaining traction under its new CEO. Merewether points to growing revenue and profit and backs an experienced management team through short-term disruption.

What are the key risks to the LaserBond Ltd investment thesis, according to fund managers?

Merewether notes the second half of FY26 was weaker, with volatile demand, and that its services business relies on customers freighting heavy machinery, making it exposed to fuel shortages and higher costs linked to the US-Iran conflict.

What does LaserBond Ltd (ASX:LBL) do?

LaserBond Ltd., headquartered in Smeaton Grange, Australia, specializes in the reclamation and surface engineering of industrial components for severe environments. Founded in 1992, the company operates across four key segments: Services, providing component repair and non-cladded manufacturing; Products, manufacturing components featuring LaserBond cladding; Technology, selling proprietary cladding technology, licensing, and consumables; and Research and Development, focused on technological innovation. LaserBond delivers critical engineering solutions for demanding industrial applications, leveraging its proprietary surface engineering processes to extend component life and optimize performance across diverse sectors.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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