Hi HumrunnerYou are on the ball!15.7 million revenue for the...

Hi Humrunner
You are on the ball!
15.7 million revenue for the QTR: 10 million of that cash received, means 5.7 million receivables due.
Net receivables due/payables due of 4.8 million...means only 0.9 million payables due
So profit before tax should be the 3.1 million net cash plus 4.8 million = 7.9 million for the quarter = 4.8 cps, less 28% tax = 3.5 cps
Annualise this to 14 cps as a current earnings figure and using a P/E Ration of 15, values the shares at 2.10 at present. Fairly priced!

But. There is more to it than that!!!!
ZNO in the last 2 weeks of March, increased revenue from 11 million on 17/3/20 to 15.7 million on 31/3/20.
That's 4.7 million in 2 weeks, without any B2C sales at all. That's an annualised revenue of 122 million...double the 3rd quarter annualised rate.....with a tsunami of B2C and B2B sales orders waiting in the wings.

So, target price for end June would have to be $4 minimum.

Exciting times!!