Hello one and all!!

I'm looking for someone to point out the elephant in the room that I'm missing when it comes to LGP.

The more time I've spent following the LGP the more it's looking like one of those asymmetrical bets that most of us are searching for on SM.

The business has been growing revenue consistently Now up to 36.8M for FY 25 At a CAGR of over 50%.

Debt is relatively low at 3.M with Cash in bank of 2.5M and I wouldn't expect need for a capital raise anytime soon (excluding for an acquisition which has been hinted at being a possibility at the right time).

With the danish facility there is plenty of room to grow with minimal capital expenditure. (Pun intended)

Seeing the business has hit break even and is entering profitability the next 1-2 years look to be very exciting indeed.

LGP looks to be one of if not the most well placed player in the European market and if managed well can take advantage.

Even in the event of stagnant growth or even a decline there is a deep value proposition with the site in Denmark. (Valued at 80M)

I know it's very broad strokes but any thoughts are welcome!