Strange timing that ZGL transformation of its offshore marine deck machinery into green marine propulsion & onshore gas processing plants coincided with tangible signs of recovery in offshore oil drilling activities that is projected to grow at CAGR 5.6% till 2026 , now with oil at multiyear high.
An old market darling ,MCE won a couple of contracts for its riser buoyancy in the last few weeks from Transocean (both were on the brink of going belly up)
MCE is up some 80% from the low & Transocean has gained 400% in the last 12months.
Will not be surprised to see ZGL producing decent profits & free cash flow in 2022 with the resumption of dividends.
Hold tight.
Strange timing that ZGL transformation of its offshore marine...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.03M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10868 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 299000 | 1 |
View Market Depth
| Last trade - 16.21pm 31/07/2025 (20 minute delay) ? |
| ZGL (ASX) Chart |
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