No one really knows why stocks change course up or down....It only becomes clear after a few months or years.
We know ZGL well ,but "nothing has changed in the last week".
Possible reasons for "the lift up"
# The early signs of bottoming in construction/MS outfits.
We know that ZGL has been technically the leader of the pack during the downturn.....It should be the best performer "if" there is a turnaround.....My motto ....Stick with the leaders even in a lagging sector.
# Sales being generated by Orion or Curiox....These are not just "clever ideas"....These are advanced market ready products that have been trialled & accepted by tier 1 global biotech & chip manufacturers....Let's not dismiss them as having "negative value".
I have had reservations about the conglomerate nature of ZGL....I'd prefer simplifying its structure by splitting the business to allow the market to value each independently....Some investors may like the boring bricks & mortar business....Others will drool over the high risk ,high reward ventures (there will be numerous more ventures in the staple)....The split may happen yet....it just makes sense.
I have been a contrarian bugger going against my grain & acquiring a large stake over the last 18 months....Selling at "the sweet spot" when the market is beginning to endorse my position is a big mistake.
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Last
6.6¢ |
Change
-0.002(2.94%) |
Mkt cap ! $14.16M |
Open | High | Low | Value | Volume |
6.8¢ | 6.8¢ | 6.6¢ | $3.335K | 50.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14373 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 149000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14373 | 0.066 |
1 | 15399 | 0.065 |
1 | 10000 | 0.055 |
1 | 15000 | 0.051 |
1 | 8599 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 149000 | 1 |
0.085 | 208000 | 1 |
0.088 | 30000 | 1 |
0.090 | 50000 | 1 |
0.100 | 3407 | 1 |
Last trade - 14.15pm 06/09/2024 (20 minute delay) ? |
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ZGL (ASX) Chart |