mithril,
I have been accumulating ZGL for the past 18 months. I have been buying on the basis of some of the factors detailed by 3500 and bcsiles. I like the fact that it is trading significantly below NTA, has a lot of cash in the bank, has some well established businesses that have proven track records of consistently making profits and the potential of these 3 new businesses that I think will make this company. I like that they aren't going out and raising capital to support the new business but like 3500 said using the funding from the profitable businesses to fund the start-ups.
To get an incite into the management of ZGL, I think it would have been easy for them to continue to be a boring business maintaining just their offshore engineering, concrete mixer and other engineering business. But I think they have shown great foresight to look to leverage their existing skills to grow the company.
I also like that management have skin in the game. I think this is around 60% of the issued capital. The problem at present is that this stock is basically being totally ignored. Any sniff of potential success with any of the start-ups will see this stock significantly re-rated. I see this stock going to 60 cents in 2014.
Comments in response to the above are welcome.
DYOR
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Last
6.5¢ |
Change
-0.001(1.52%) |
Mkt cap ! $13.94M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.5¢ | $8.954K | 135.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 149000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.052 |
1 | 12000 | 0.051 |
1 | 8599 | 0.035 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 149000 | 1 |
0.085 | 208000 | 1 |
0.088 | 30000 | 1 |
0.090 | 50000 | 1 |
0.100 | 3407 | 1 |
Last trade - 10.19am 09/09/2024 (20 minute delay) ? |
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