according to this announcement they did actually buy in that funny cross trade a couple days ago I highlighted; the cross trade was 6 mill shares; here they bought 3 mill shares at 52 cents; lucky bastards; who the heck SOLD; and who bought/sold the other 3 mill shares
I really think there are some silly buggers going one; and these buyers/sellers are actually funds!; so, as usual, the fund manager is losing clients money, not theirs; the fund manager gets paid a clip to lose money; I love the Aussie financial system (sarcasm)
yesterdays trading likely indicates a truer market price; there were REAL trades at 58 to 60 cents; so the real, current price seems between 58 cents and 60 cents; so already the SPP subscribers can be happy!
for ZEN we need to watch the price of gold (for ZEN clients), the Aussie dollar (for other metal / miners to be profitable), and the BOO contracts; I did all my EPS based on a graph on 1 May Placement presentation where they said they have 219 MW contracted, and 180 built. So that tells me they are 'currently' constructing 39 MW. Which tells me the BOO revenue for 1 July 2020 - 30 June 2021 will be 22% higher than this current just started year. That is 39 MW growth on 180 MW base is 22% growth.
So it is easy to work out revenue and ebitda (I use 66% margin on BOO revenue, which is clearly noted in their presentations (and PEA make 70% on their BOO margins).
So their guidance for this completed year (let me take mid points) 53 mill revenue, ebitda 20 mill
This current just started year (THEIR guidance) 64 mill revenue, 27.5 ebitda
Next year (DANS calculator) 77 mill revenue, 36 mill ebitda (I just added in the to be constructed 39 MW)
(I wonder at what stage I need to worry about contracts finishing and not renewing; but I assume they will win more than fall off the other end; you gotta trust ZEN to sign contracts; and noting they converted over HALF of their IPO 200 MW pipeline within 18 months, and now they have a 400 MW pipeline..... oh, I better stop, I am salivating)
So, as you ask, Tinwins, why would TOP (whoever they are) sell out? But, I am more concerned with DanHoff.... and HE BOUGHT IN BIG TIME! I am a mathematician by trade. So I like my calculator, I like signed contracts, I like simple agreements between vendor and client, I like remote power stations where govt does not get involved, I LOVE the advancing technology of renewables and off grid applications, I love a PE of 6 on a growing company, I like the hope of a dividend with franking (note all the tax they have paid so far
). So you can see why I like ZEN. But if you learn why TOP sold out, let me know.
