ZNO 4.00% 2.6¢ zoono group limited

For what it's worth I had a look at AHX, pretty stock standard...

  1. 20,406 Posts.
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    For what it's worth I had a look at AHX, pretty stock standard agricultural services business that is primarily growing through small acquisitions of country vets.
    Business has been impacted by the drought & low pork prices, went backwards on undelyimg last year.
    Pretty fully valued on FY 19 business, PE 11.1 yield 3.8%.

    However the deal to provide consultancy services to Chinese sheep producers & today's announcement re Zoono Poultry could dramatically drive the business.
    Plus Pork prices have definitely turned with impact of ASF which would be a positive driver.
    I'd rate it a speculative buy below 38c, current price 42.5 c.
 
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