Great Announcement Today by Management.
We added $10m in EBIT to the business results going forward, so as shareholders in this business, we should be very pleased.
Given the SP action today, this is a wonderful example how the market acts a voting machine in the short term. In the long run the market will come around, as the profit numbers will speak for themselves.
If we value the $10m on a low 10x EBIT mulitple then we added 60c to the current share price.
When it shows up is anyone's guess.
Ann: Zoono Group Company Update, page-53
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