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77.0¢ advance zinctek limited

how many times have we heard of the "potential"? this management...

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flobob

357 Posts.

19

02/09/24

00:58

Post #: 75479127
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Originally posted by TheFatGeneral: ↑

Overall management are doing very well with things within their control, the costs keep coming out of the business (not sure how many more costs can come out).

It was a terrible year as they lost a big user of the product, but hard for the upstream manufacturer to have visibility. Time will tell, but the move to multi distributors hopefully gets the product into more brands and customers in the long run (assuming they have relationships with existing players).

That said, for ~50m for a business that is on track to do about 3m profit at the current run rate (assuming alusion sales similar to previous years), you’re purchasing the potential for future growth. In this regard they seem to be doing everything right and are expanding the product capabilities and the distribution network. Just need the volume to materialise.

I’m hoping that with the move to qld and a centralised lab/plant etc they can start investing some of the cashflow into blue sky r&d and look to increase the product offerings. I know in the past they have spoken about the multiple other uses for zinc etc (supplements etc).

anyhow, this remains a put in the bottom drawer stock.

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how many times have we heard of the "potential"?
this management team needs to execute or be replaced.
in my eyes they failed completely in a dishonest way

ANO Price at posting: 76.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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how many times have we heard of the "potential"? this management...

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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how many times have we heard of the "potential"? this management...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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