Will be interesting to see if they initiate another buy back if price remains around these levels? NTA at 30th Dec 2010 was 30.65 cents (SGD)
The stock has been severely punished of late, but then a couple of brokers had unrealistic expectations of earnings growth. One broker had a forecast of 9 cents for this financial year. If you set unrealistic expectations you can be certain to be disappointed.
Still 30 to 40% growth they announced on 5th of August is still a good achievement in this environment.
ZGL Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
