obelix, I recently finished reading value.able by R Montgomery. Its a great book and very practicle.
when a company buys back shares, if they are bought back at a discount to instrinsic value, then the company is increasing its value, but when bought at a premium to instrinsic values it destroys wealth.
ZGL sp is at a large discount to i.v. in my opinion, and so the buy back will increase value.
Hence I am still acummulating shares.
It may take a while for the rerating the company deserves, but I think it will happen within this year.
I am impressed with the cost reductions in the less performing areas of the business, but I would rather see them sell these divisions, and focus on the stronger ones.
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6.8¢ |
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Mkt cap ! $14.59M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9454 | 6.8¢ |
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Price($) | Vol. | No. |
---|---|---|
7.1¢ | 84995 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 9454 | 0.068 |
2 | 55166 | 0.066 |
1 | 15399 | 0.065 |
1 | 10000 | 0.055 |
1 | 15000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 84995 | 1 |
0.075 | 149000 | 1 |
0.085 | 208000 | 1 |
0.088 | 30000 | 1 |
0.090 | 50000 | 1 |
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