gc,Valid points , however we really need to look where ZGL will...

gc,
Valid points , however we really need to look where ZGL will transform into a few years down the track.
Look at the Dec half year.
1) Construction revenues down 34% from PCP...EBIT down to7%.
2) Oil services revenues up 4.5%.....EBIT 8%.
Those 2 divisions are struggling like all MS/Construction/Oil Services outfits we are all familiar with......ZGL is technically outperforming every single one of them.
3) PE revenues up 60%.....EBIT up to 12.6%.
The PE division is the best performing.... growth & margin wise (perhaps not your elite margin,but we can't dismiss it as low tech)....Is there a scope for improvement?
I can't describe the Construction Division currently as "stable" when it is contributing 34% less & its margin is squeezed to 7%.
I'd like to see ZGL with smooth , non cyclical ,sustained growth which will be achieved by growing the PE division & the start ups to such an extent that the influence of the laggards has little impact.
Obviously we are all hoping for a turn around in the lagging sectors ( there are some early signs of a bottom) & continue the growth trajectory of of the PE.
There will be periods when ZGL is firing on all cylinders....Something to look forward to.