ZGL 0.00% 7.0¢ zicom group limited

It has taken a lot longer than hoped. Good to see the best 6...

  1. 1,220 Posts.
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    It has taken a lot longer than hoped. Good to see the best 6 month performance for a long time. It looks like things have turned finally. Hope they can keep the momentum going. The report is promising.

    Scheduled over $100M revenue for 25. Net tangible assets more than three times our share price. If things went right they could really go right.

    Large cash levels and good to see directors topping up the cash when needed and charging a more than fair 3.5% interest.
    We have $80M undrawn banking facility available if we need it.

    Years of depreciation at above $5M / year.

    Potential upside from a planned Darcet tech IPO, if that comes together with our 2.5% (approx $7M investment).

    Sitting on some nice property.

    Green, gas and marine equipment should not be stronger from here. Gas processing equipment delays resolved.
    Hopefuly ZGL's focus on being more selective in the precision engineering division pays dividends and can be turned back to profitability.

    Directors say the Gas/marine industry coming out of an 8 year slumber.
    Look at the profits we were making prior to the slumber-


    https://hotcopper.com.au/data/attachments/6423/6423659-4275ecbe07f7035fefb70c8ac6f33cb6.jpg

 
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