It’s not a huge purchase but there is generally only one reason for directors to buy shares in a business. On the 26th and 27th February 2024, Non-executive Director Ian Neal bought 25,000 Laserbond shares at $0.75 per share, total value $18,750. Ian is paid a total of $60,000 per year for his role on the board.

Gateway Group

The reason details were lacking in today’s announcements regarding the purchase of Gateway are now apparent. Laserbond have just released an ASX update.

It looks like a great fit for Laserbond providing a base to further expand the business in WA through increased efficiencies and possible synergies with the hard- chrome plating part of the Gateway’s business. Gateway has some large mining services clients that should help to boost Laserbond’s revenues. While it will add to the capex and dilute shareholdings initially, this looks like a good long-term investment for Laserbond. I like the deal!

About Gateway

Established in 2010 to offer a more affordable and customised approach than original equipment manufacturers, Gateway has quickly established itself as a reliable machinery parts supplier.

Our purpose built workshop in Perth (Western Australia) allows us to provide flexibility in our services and allows our customers an involved and specific approach to their machine and maintenance requirements.

Services

Held IRL