Ann: Appendix 4C - quarterly, page-3

"I still have a lot more work to do before I invest in ZNT but am interested in your thoughts on the free cash flow of ZNT."

@gordon_gecko,

In what aspects of free cash flow are you interested?
How much of will there be?
How it will be deployed?
How much variability in free cash flow will there be?
How will it be affected by working capital?
What calls on capital are there going to be?


"I will probably wait for the FY2017 financials to get a better sense of the progress they have made before committing any capital."

Yes, that is the major issue with this stock: it's lack of financial track record makes it a bit of a "Trust Them" exercise, which is something I seldom like doing. (Ordinarily I like to be able to study at least 5 years' of financial results in order to get a feel for the true financial pedigrees of the companies in which I am looking to invest.)

Trouble is, I'm not sure how much more one is going to learn from the full-year result that one doesn't already know today.