ZNO 7.69% 2.8¢ zoono group limited

Ann: Zoono AGM Presentation, page-127

  1. 20,843 Posts.
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    Lack of belief in the company's ability to deliver revenue, only the results can turn it around.
    With the lack of substantial news until Feb next year with the interims I don't expect a quick change.
    However if they managed to land the 7 Eleven deal after the trial ends in Jan it could give it a boost a little earlier.

    IMO nothing's changed since May, the revenue for FY21 is still impossible to predict.
    The market is taking a pessimistic view IMO which means the likelihood of a surprise to the upside outweighs the downside.

    I rate fair value around $2.50 so a BUY at these levels.
 
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