I'm disappointed too but agree with you about late recognition of revenues. Important thing to understand is that they are based on projects completion. Although, I hoped for a balanced 1st half and second but can't do much when you are in this kind is business. My reasonable expectation is that the second half would have $75 to $90 mil of revenues delivered with much profits for Oil & Gas projects completed. Historically this is where Zicom have made most of profits and generated lot of cash! Overall, FY19-20 would deliver profits and syncing in the Dividend talk for FY20. It's been delayed but not too far in my opinion. STAY LONG AND BUY when it's really low. World disorder happening due to Covid-19 and Tarde war can cause a few more disruptions but these will go away eventually!!
ZGL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
