ZNO 4.00% 2.6¢ zoono group limited

Think that first line says it all. Unfortunately you bought in...

  1. 136 Posts.
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    Think that first line says it all. Unfortunately you bought in at the top of the market (perhaps FOMO) on the back of peak covid monthly sales. All that's happened since, and ignoring one-off retail panic buys, is it has taken some time for those bulk distributor sales to filter through to a recurring revenue. It seems you are judging your investment in ZNO on only 5 months of sales post those peak months and the market's reaction to that. The AGM provided a great update on what is in the pipeline, AH to kick in during 2021, exponential growth expected to occur in the US and over $20m pa contract with Fine which will materially contribute in 2021. Ignoring the market's current opinion (SP), ZNO seems a safe buy/hold at these prices with a correction to occur at some point in 2021. It's priced at a ridiculous low of like 13.5 PE ratio on FY20 results of $40m sales. With the Fine contract and recurring Q1 sales alone (no further growth), ZNO should be able to hit at least $60m in sales for FY21. All IMO, DYOR.


    Last edited by Dourdd: 23/12/20
 
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