Sorry for nagging , but I have looked at ZGL from all angles because it is my largest holding. The expected average return on seed capital is "seven-in-seven"....7 times return in 7 years or 34%/year....This could go as high as 65%/year if there is active involvement in the investee ( as is the case with ZGL) Over the last 3 years ZGL has invested around $14m in the start ups....There are palpable evidence that they will be hugely successful Applying the "seven-in-seven" rule ,The return should be around $100m. Let's see how the market values ZGL: 1) Zero growth prospect to The "old" well established ZGL....No premium to NTA...even trading at a discount. 2) Zero value ascribed to the start ups....Even considered a liability. There is no doubt in my mind that ZGL is mispriced by a large magin. I may sound like a single stock ramping lunatic.... I do hold tens of other names.....But not as mispriced as ZGL.
ZGL Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
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