The most undervalued roll-up stock on the ASX, page-16

I've held ZNT for about a year, got a little panicky midyear, but the fundamentals were still strong on income side. I think market is waiting to see how they handle their debt specifically and manage increased outgoings on an ongoing basis, it's the bane of many small caps that grow their top end too fast. If they can show strong capital management over the next 12 months the rerate you are referring to is inevitable, quite probably underrated.