Ann: Full Year Statutory Accounts 2021, page-4

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risk41

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22/10/21

15:45

Post #: 57005206
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Originally posted by ElectroCloud: ↑

Chairman's message sounds promising! In particular these paragraphs:

Unrelenting Efforts Paying Off
Our push into Green Energy projects had been unrelenting in expediting technology developments and engagement with customers. Most of these efforts had to be carried out remotely. The hard work and tenacity in the midst of very tough challenges finally paid off with us securing a total of S$60m of LNG propulsion systems. These were secured from one of the world’s biggest oil tanker owners. The tankers are chartered to a top European oil company which strongly champions green energy and sustainability. This strong recognition is now propelling us to foray into different medium of carbon-free gas propulsion systems to meet industry demand, such as methanol and ammonia.

Green Shoots
In the last 6 months, general enquiries covering all sectors of our businesses have increased. We believe the Group has turned the corner and should see better days ahead. The resilience, fortitude and dedication of the Group’s management and work force reinforce the Group’s ability to capture growing opportunities as the global economy is resetting. The pandemic is expected to ease with increased vaccinations. Humanity and businesses are adapting to live with this potential endemic as a new normal to restore economic growth.

Share Buy-back
Our ability to deliver projects successfully in the pandemic enabled the Group to pay off all project loans taken in time, and to achieve a strong positive cash flow. This has reduced the Group’s gearing ratio positioning the Board to review its capital management policy. As the board is of the opinion that the Group’s quoted share price does not reflect its intrinsic value, it has decided on a share buy-back from September 2021.

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Your right. All those bits sound promising. I recently re-read the accounts which gave me further conviction to buy a few more and to hold longer term.

ZGL have quite a few companies. Cesco the Australian office alone looks like a decent sized co. All for the market cap of $28M.

ZGL Price at posting: 13.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 15.0¢		Change 0.005(3.45%)		Mkt cap ! $32.18M

Open	High	Low	Value	Volume
14.0¢	15.0¢	14.0¢	$6.861K	48.73K

Buyers (Bids)

No.	Vol.	Price($)
1	8368	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	3633	1

View Market Depth

No.	Vol.	Price($)
1	8368	0.140
1	5750	0.135
2	30000	0.125
4	38440	0.120
2	11000	0.115

Price($)	Vol.	No.
0.155	3633	1
0.160	731104	6
0.170	150000	1
0.175	17500	1
0.185	77000	1

Last trade - 13.05pm 04/08/2025 (20 minute delay)

ZGL (ASX) Chart

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Ann: Full Year Statutory Accounts 2021, page-4

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