LPE Forecasts Growth and Rejects Takeover Bid

Locality Planning Energy Holdings Limited (AU:LPE) has released an update.

Locality Planning Energy Holdings Limited (ASX: LPE) reported a positive cash flow for the FY24 June Quarter and the entire fiscal year, with capital growth works funded through working capital. The company’s board reaffirms its FY24 net profit guidance of $1.95m to $2m and anticipates a significant increase in profitability for FY25, including a share buyback initiative. Additionally, LPE’s rejection of an undervalued takeover bid by River Capital underscores their confidence in the company’s potential, especially with the new CEO Scott Taylor at the helm.

For further insights into AU:LPE stock, check out TipRanks’ Stock Analysis page.