Member Info for Hedgehog100

"Safetell – Securing Businesses in Uncertain Times
DECEMBER 1, 2022"
https://newmarksecurity.com/company-insights/

"Safetell – Securing Businesses in Uncertain Times

Retail crime is on the rise. We look at what is fuelling this increase, and the investments being made to protect against it.

A perfect storm of factors has combined in recent years to leave retailers more vulnerable than ever. The lasting impacts of the pandemic and rising levels of poverty and addiction are being exacerbated by the cost of living crisis, leaving millions of people across the UK feeling the pinch.

In August, more than 100 retailers came together to call on police to take action on retail crime and combat rising levels of abuse, violence, and antisocial behaviour suffered by retail staff. The letter from the British Retail Consortium (BRC) expressed concern about the sharp spike in crime and the effect on its workforce. It also noted the upward pressure retail crime is having on prices.

Retail crime has been trending upward for some time; shoplifting incidents increased by 18%, according to the ONS, in part fuelled by rocketing inflation that has seen the price of essentials such as bread, pasta, baby formula, milk, and razors increase significantly. With the highest inflation in a generation showing little sign of stagnating, the trend is expected to continue.

That uplift in crime is expected to drive spending on physical security solutions such as security screens, safety doors, and shields. Retail makes up a substantial part of the UK’s physical security market, which the UK government valued in 2019 at $5.7 billion.

Worldwide, the numbers get even bigger, with a recent MarketsandMarkets report predicting the global physical security market is expected to grow from $102.7 billion in 2021 to $140 billion by 2026, driven by the impact of COVID-19. A separate report from Grand View Research says the global physical security market will top $200 billion by 2030 as businesses look to secure their assets and cybersecurity investments. ..."

https://newmarksecurity.com/company-insights/safetell-securing-businesses-in-uncertain-times/

"H.H. I don't know if you are aware, but Ezhik is the word for Hedgehog in Russian language. That snippet has amused me from time to time, so I thought that I would share the amusement."

Thanks for that spiky little snippet, Ezhik.

Funnily enough, Flashgarden's name has amused me for a while, because for some reason it reminds me of this film character:-

https://en.wikipedia.org/wiki/Flesh_Gordon

Remember that ZEN's Italian natural gas revenues aren't included in its Italian electricity production revenues.

In a post on 16th. October, I calculated an annualised estimate of c. EUR 9M. profit p.a. for these in aggregate:-

Hedgehog100 Posts: 2,488 Price: 0.915 Strong Buy
RE: New interview on twitter 16 Oct '22
" = c. EUR 8,924,852 annualised Italian electricity & gas profit, based on Q3 figures for electricity, and ZEN's 13.7.22 estimates for gas revenues.
And that figure has the potential to increase substantially, through both production and price increases:-
ZEN's investor call on 28.9.22 revealed that ZEN's mothballed Italian gas assets could increase its Italian gas production by 88% when brought back into operation.
ZEN's 13.7.22 estimates for gas revenues look to be based on far lower prices than those achieved recently."
https://www.lse.co.uk/ShareChat.asp?ShareTicker=ZEN&share=Zenith-Energy&page=15

6th Dec 2022 11:02 am RNS Italian Electricity Production - November 2022
"Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe is pleased to provide an update on its electricity production operations at the Torrente Cigno Concession during the month of November 2022.
During the month of November 2022, the Company produced a total of approximately 983 megawatt hours ("MWh").
Electricity prices during the month of November 2022 averaged approximately EUR 213 per MWh, resulting in net revenues of approximately EUR 209,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month."
https://www.lse.co.uk/rns/ZEN/italian-electricity-production-november-2022-6bwy0zyyh5cghoc.html

ZEN's November figures for its Italian electricity business are a modest improvement on October:-
" ... 956 megawatt hours ("MWh") ... EUR 208 per MWh, resulting in net revenues of approximately EUR 198,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month. "
https://www.lse.co.uk/rns/ZEN/italian-electricity-production-8211-october-2022-0sau0dqj53r1r0f.html

I posted at that time, on 12th. October:-
"Italian electricity prices are currently 214.47 per megawatt hour, down from their recent highs, but also up from their very recent lows.
The price can be very volatile, as is to be expected given the unprecedented conditions, but the expectation is for tight supply to fuel higher prices again this winter, with the recent dip just being a fluctuation."
https://www.lse.co.uk/ShareChat.asp?ShareTicker=ZEN&share=Zenith-Energy&page=11

The current price is 383.54 per megawatt hour:-

"Electricity prices in Italy approached €400 per megawatt hour in December, rebounding by 250% since hitting the 15-month low of €110 on November 1st amid the upswing in European natural gas prices ahead of the winter. Expectations of a colder front and dependency on alternative sources due to the supply halt from Russia drove up natural gas prices for delivery in Italy, ramping up the cost of electricity distributors. Until the first half of 2022, natural gas was responsible for 56% of Italy’s electricity production. Still, demand for energy in households remained robust as Italy’s new right-wing government pledged €30 billion to support households with soaring energy costs, adding to the €75 billion in energy aid from the prior government and reducing people’s propensity to cut back on consumption. Previous shortage concerns due to the natural gas supply halt from Russia lifted Italian electricity prices to a record-high of €650 at the end of August."
https://tradingeconomics.com/italy/electricity-price#:~:text=Electricity%20Price%20in%20Italy%20is,macro%20models%20and%20analysts%20expectations.

NWT's access control credentials are impressive indeed, and they look to have positioned themselves superbly to service the evolving and growing nature of this market.

And as ‘Access Control as a Service’ has multiple benefits, it's no surprise that this is forecast to grow particularly strongly.

These benefits are outlined in this useful article by American company CEC:-

"Access Control as a Service: 7 Benefits You Need to Know

Access control isn’t a new technology—it’s used in all types of buildings to regulate who can enter (and where). But did you know there’s a new way to deploy access control within your building or on your campus?

Most organizations are familiar with traditional (on-premises) access control systems. With these systems, all the hardware, software, and other equipment are installed and maintained at your physical location.

Access control as a service is a newer option that’s attracting lots of attention. Why? Because it opens doors to many valuable benefits. Since it’s cloud-based, the software and servers are removed from your physical location and stored offsite while the hardware remains onsite.

When might access control as a service be a good fit? Consider these seven benefits to see if any of them address your security, budget, or time-management challenges.

1. Don’t Worry About Outdated Software ...

2. Cross Maintenance Off Your To-Do List ...

3. Grow or Streamline as Needed

4. Manage and Control the System Remotely

5. Catch Anomalies Early

6. Easily Roll Out Mobile Credentials

7. Save Money ... "

https://cecinfo.com/cec-blog/blog-homepage/access-control-as-a-service/

"UK Access Control Market Driven by Multiple Tailwinds

... Cloud-based platforms

Increasingly, businesses want to take advantage of the many advantages offered by cloud-based platforms. Running your access control on a cloud platform will allow your business complete visibility over multiple sites and access across numerous devices. You’ll also get real-time insights and data – allowing you to make informed decisions – and updates are rolled out automatically, meaning no downtime to your access control.

There has been a sharp rise in demand for ‘Access Control as a Service’, which companies rely on to operate their access control technology systems. It is suitable for all estates, from single doors to multiple sites. Globally, the value of the Access Control as a Service market is predicted to hit $2.1 billion by 2027, with a CAGR of 14.7% from 2022 to 2027, according to Lucintel.

Biometric technology

Biometrics, such as facial recognition and fingerprint scanning, have evolved from a niche product into a widely used technology in the business and consumer worlds. Biometrics have long been utilised in highly sensitive areas, such as government and military settings, but are now widely used across all types of businesses and enterprises for identification and authentication purposes. The ubiquity of smart devices has also made access control technology far more accessible over the last decade.

Wireless access control

Previously, installing an access control system would have meant installing reams of wiring and expensive maintenance costs. Now, businesses and other enterprises can introduce a wireless system that requires minimal installation and upkeep. According to Emergen, “increasing adoption of wireless access control systems is driving market growth revenue.”

Why Grosvenor Technology?

Very few businesses have the pedigree and expertise of Grosvenor Technology in the Access Control space. Access control is in our DNA; we were the first UK manufacturer to offer an Access Control front-end in a Windows environment. Since then, Grosvenor Technology has developed into a leading innovator in the security sector, providing hundreds of enterprises across the globe with our range of access control software and hardware, as well as first-class customer support.

Our Janus C4 hardware has unlimited scalability, making it perfect for single door security or large-scale deployments. Grosvenor’s innovative blade control means you can manage up to eight doors from a single controller. Janus C4 is an end-to-end solution with software that unifies your security management needs and delivers real-time data and insights. And with plug and play technology, you can integrate the Janus C4 into your existing security systems."

https://newmarksecurity.com/company-insights/uk-access-control-market-driven-by-multiple-tailwinds/

"UK Access Control Market Driven by Multiple Tailwinds
OCTOBER 4, 2022"
https://newmarksecurity.com/company-insights/

"UK Access Control Market Driven by Multiple Tailwinds

The UK Access Control sector is being driven by data legislation, quantum leaps in tech, and the ease of wireless systems.

It has never been more critical for enterprises to have complete visibility and control over their facilities. Whether it’s a single office or several sites split over continents, access control systems enable organisations to flexibly control who is coming in and out of their sites, increasing security for sensitive areas and managing flows through buildings.

The Access Control market is a critical component of the broader electronic security market, which will see its value rise to more than $21 billion by 2030, according to figures released in May from Market Research Future. The Access Control sector is predicted to grow across all major markets over the next decade, and the UK is no exception.

As well as benefitting from the increasing adoption of wireless control systems and the proliferation of IoT-based security systems, a report released in July 2022 from Emergen Research noted: “The European market is expected to register a significantly steady revenue growth rate for the forecast period. The UK Data Service offers three degrees of data access, which is expected to drive market revenue growth in this region.

“Users must register to access protected data under end user license and their consent to a number of terms, including prohibition on disclosing any identifying or private information of people, households, or organisations and prohibition on using the data to seek out information particularly pertaining to an identifiable individual. This is expected to increase demand for access control systems substantially.”

As the research outlines, stringent data protection laws are driving increased demand for access control hardware and software in the UK. But other industry trends are also having an impact. They include: ..."

https://newmarksecurity.com/company-insights/uk-access-control-market-driven-by-multiple-tailwinds/

10th May 2022 11:00 am RNS Update on Electricity Production & Financing
" ... Sale of A-100 Workover Rig
The Company has agreed to dispose of the A-100 workover rig (the "Rig") that it had previously acquired in Azerbaijan during 2018 by way of its fully owned subsidiary, Zena Drilling Limited.
The expected lack of spare parts and technical support for the Rig, a rig type widely used in the oil industry of the Russian Federation and post-Soviet Republics, as well as the estimated high transportation costs of the Rig from Azerbaijan to the Company's oil and gas portfolio in Africa, were the reasons for the sale.
Zenith confirms that it has not recorded a loss, on an amortised basis, in respect of the consideration originally paid to the manufacturer in 2018 for the purchase of the Rig. ..."
https://www.lse.co.uk/rns/ZEN/update-on-electricity-production-financing-txfseg2traam3i3.html

Bearing in mind the problems in Russia at the moment that rig could potentially have become a liability, with significant disposal costs.

That didn't happened, and there was no hit to this year's results.

The rig was acquired for a total consideration of EUR2,250,200 in September 2018, so the value wasn't huge anyway, and amortisation or depreciation of such assets is standard practice.

Obviously some posters here are still obsessed by ZEN's Azerbaijan disappointment.

I suggest clicking on MarketGunslinger's name, or the following link, and reading/rereading his two excellent "Azerbaijan and stale bulls" posts from 16th. November:-

https://www.lse.co.uk/profiles/marketgunslinger/

"MarketGunslinger RE: RNS - Italian Electricity Production 07 Dec 2022 10:01
Recommend (6)"

"Ezhik Premium Member RE: DEVELOPMENT PLAN 07 Dec 2022 10:18
Recommend (1)"

"Ramos hits hat-trick as Portugal thrash Switzerland 6-1 after Ronaldo dropped"
"Tue 6 Dec 2022 21.14 GMT"
https://www.theguardian.com/football/2022/dec/06/portugal-switzerland-world-cup-last-16-match-report

Funny how there should be these two 6-1 scores on consecutive days.

The "Weak Buy" opinion in my 14:48 post today is a typo: it should of course say "Strong Buy".

Where America leads, the world tends to follow, and this looks to be the case in the Human Capital Management (HCM).

And NWT, with its significant HCM business in America, combined with its UK base, looks ideally placed to capitalise upon this opportunity.

Which could also make it very attractive takeover target for a US predator wishing to expand internationally.

"HCM building global momentum

... Middle East and Africa

According to Fortune Business Insights, there will also be large-scale opportunities to tap into several thriving economies in the Middle East & Africa. In its HCM forecast for 2022-2022-2029, it outlined the following:

“The Middle East & Africa is projected to experience significant market opportunities during the forecast period. According to the World Bank collection of development indicators in 2018, the Middle East, Africa, and North Africa reported 85.5% literacy rate. This figure represents that the region poses potential job opportunities that are expected to boost the adoption of advanced HR tools across the region.

“The rising adoption of advanced technology such as AI, cloud, and analytics-enabled solutions by organisations is likely to exhibit substantial opportunities to implement advanced HR solutions in the region. For instance, in July 2021, Office Depot Europe incorporated Oracle Fusion Cloud solutions to transform HR processes and support the rising workforce. Thus, digital transformation across the region creates new market opportunities.”

Grosvenor Technology – your global HCM partner

Grosvenor Technology is a market leader in the human capital management,
blending over 30 years of engineering knowhow with innovative security products and
Technology. Our products and first-class support can help your business become more efficient, reduce costs, and enhance employee experience." ""

https://newmarksecurity.com/company-insights/hcm-building-global-momentum/

"HCM building global momentum

... Asia Pacific

Asia Pacific is certainly a market to keep an eye on in the coming years, with the region tipped for rapid adoption of HCM solutions, with particularly strong demand from China, Japan and India. A report from ResearchAndMarkets predicts that the region will experience CAGR growth of 8.1% from 2022-2028, driven by changes in the makeup and demands of its major economies.

“In the future years, rising number of start-ups and the adoption of new technologies like Industry 4.0, data analytics, cloud technology, and artificial intelligence will necessitate a trained and talented workforce in the APAC region. Thus, the requirement for human capital management solutions in the region is predicted to rise as a result of managing and hiring suitable professionals.”

APAC has two of the world’s fastest-growing economies in China and India, with millions of manufacturing and service sector jobs expected to come online in the coming years. This will power increased demand for human capital management tools and technologies.

A Human Capital Management Report from Polaris Market Research offers the following insight for 2022-2030: “Asia Pacific is expected to witness a high CAGR in the global human capital management market. Large numbers of HCM vendors and the rising usage of cloud-native technologies drive growth in the region.

“The major countries are witnessing massive investments in market verticals such as BFSI, retail, healthcare, manufacturing, telecommunication services, and IT, resulting in Asia countries’ economic growth. The market in the Asia Pacific is expected to be driven by organisations’ increasing adoption of industry 4.0, data analytics, and cloud computing.”

South America

As in the Asia Pacific, it is the traditional economic powerhouses in South America where HCM technologies are most prominent. An Envision Intelligence report released in September 2022 looking at HCM in the region over the next six years (2022-2028) notes: “The consumer goods sector and retail are growing rapidly regarding technological advancements, customer needs, and employment.

“The HCM market is emerging in South America due to the introduction of new cloud technologies in countries like Brazil and Argentina, making them more technologically advanced. The reason the HCM market is evolving is due to the release of new software and better data analytics tools.” ..."

https://newmarksecurity.com/company-insights/hcm-building-global-momentum/

"HCM Building Global Momentum
SEPTEMBER 23, 2022"
https://newmarksecurity.com/company-insights/

"HCM building global momentum

Grosvenor Technology rounds up the fortunes and forecasts for human capital management around the world

The Human Capital Management (HCM) market is one of the technology sectors to watch over the next ten years, driven forward by the adoption of technologies like automation and AI in the HR space and the rapid take-up of cloud-based solutions.

We’ve already covered how the US HCM market will lead the way over the next decade, but how are other major markets faring regarding sector growth?

Europe

Human Capital Management applications have gained considerable popularity in recent years across Europe, and the continent is now a significant growth area. Its sharp growth results from the growing popularity of cloud-based software and solutions. As with other regions, European enterprises have embarked on comprehensive digital transformation initiatives. The ability to centralise and simplify all HR functions and the real-time information and longer-term insights offered by cloud platforms has proven to be a compelling offering.

According to a report from ResearchAndMarkets, the German market was dominant in 2021 and is expected to solidify its position. It predicts that the German HCM market will achieve a market value of $2.35 billion by 2028.

“The UK market is experiencing a CAGR of 6.3% during (2022-2028). Additionally, the French market is expected to showcase a CAGR of 8% during (2022-2028),” it added. As a whole, the European Human Capital Management market is tipped to achieve market growth of 7.2% CAGR from 2022-2028.

However, market analysis from Data Bridge said the following about the HCM market in 2021: “The UK accounted for maximum share in the European human capital management market, as large numbers of HR software providers are present in the region and more start-ups are being established.

“Germany accounts for the second largest market as the region has high growth in the manufacturing industry that has a large workforce which requires HCM software for talent management and other HR activities.” ..."

https://newmarksecurity.com/company-insights/hcm-building-global-momentum/

The large and strongly growing North American HCM market is clearly a very compelling market opportunity for NWT.

And this has already been reflected in NWT's interim results, where the HCM US revenues rose 62%, to £4.209M., accounting for 43.4% of NWT's £9.697 first half revenues.

27th Jan 2022 7:00 am RNS Half-year Report

" ... the strongest performance being from Human Capital Management sales in the US. ..."

"... Six months Six months
31 October 31 October Increase/ Percentage
2021 2020 (decrease) change
GBP'000 GBP'000 GBP'000 % ...

HCM US 4,209 2,605 1,604 62%
HCM ROW 1,249 1,534 (285) (19%) ..."

https://www.lse.co.uk/rns/NWT/half-year-report-xkas3fz5xzbt7ae.html

And the strong US dollar, compared to sterling, is great news for NWT, in three ways:-
1. Becomes cheaper to sell to America.
2. Value of NWT's US revenues is increased per dollar.
3. NWT becomes a cheaper takeover target for a US predator.

Moreover, the substantial business that NWT conducts in the US also increases the chance of a US takeover, in two ways:-
1. Brings NWT on the radar screens of more American peers.
2. Makes it more attractive to a US predator wishing to expand domestically.

How is a one-off figure a "story", LOL?!

A 'story' requires a sequence of events, to show how things are changing.

And for ZEN's first half, the story was clearly very positive:-

• A stunning increase in interim revenues of nearly five-fold (4.936 x higher). I.e. nearly 400%.

• Resulting in an interim gross profit of CAD$6.665M. (up from just CAD$0.128M., a 52-fold increase), demonstrating the company's strong gearing to increased revenues.

• Resulting in a strong move from interim operating loss of CAD$6.294M., to interim operating profit of CAD$1.714M

• Rounded off by a nice interim pre-tax profit.

Which unlike the last interim pre-tax profit, does not rely on a "Gain on business combination" to inflate it.

The fact that this profit is the substantive, important figure is shown by the fact that the company paid tax on this profit (which in H1 of the previous year it did not).

The "Other comprehensive income" line further down is a non-cash item governed by exchange rates, & is qualified in any case: it "may subsequently be reclassified to profit or loss".
Not that that figure of CAD$1.178M. is relatively that much anyway, being a small fraction of the gross and operating profit/loss figures improvement.

The important thing is that ZEN is now generating enough profit to cover all admin. & interest costs etc.

So any further big increases in revenue won't be burdened by having to do this first.

And with revenues growing so rapidly, a big increase in pre-tax profit from here looks very achievable.

"HCM poised for decade of growth

... Technology

The capabilities of HCM solutions has come a long way, driven by advances in enterprise technology. In the world of HCM, businesses are increasingly using software with artificial intelligence (AI) and robotic process automation (RPA) capabilities.

In the US, the battle for talent is fierce; hiring managers are using AI and machine learning tools built into HCM software to go through what can be hundreds of candidates to filter out unsuitable applicants, leaving those more suited to the position.

RPA is also being widely utilised by businesses as part of their HCM strategy. RPA is effectively a digital worker that is able to automate repetitive and time-consuming tasks, such as payroll, data input, and remittance, enabling HR teams to focus on high-level tasks.

The Cloud

Enterprises worldwide are turning to the cloud-based solution to drive efficiencies, improve output, and reduce costs. In the HCM sector, customers can choose from a significant number of bespoke cloud-based HCM solutions that can be customised to suit the needs of their organisation.

These cloud solutions are able to connect all HR processes across a business, meaning companies with multiple locations across the US and further afield can collaborate on recruitment, talent acquisition, employee relations, and other HR functions such as payroll and remittance. Whereas previously, all HCM information would have been stored locally on one or two machines, all HR personnel across an enterprise can be given log-in credentials which they can use across multiple devices.

The Pandemic

There is no single corner of the business world that hasn’t seen change brought about by the pandemic, and HCM is no exception. The way businesses and their people work has changed, with hybrid and remote working becoming the norm for many.

As a result, businesses have flocked to cloud-based solutions and collaboration tools such as HCM that have allowed HR and personnel teams to handle onboarding, employee communications, and payroll functions efficiently. HCM solutions have helped businesses to continue operating during a time of real upheaval and stay connected to their employees.

Having experienced the benefits of HCM, businesses are embracing these solutions in increasing numbers. By 2023, Gartner predicts the majority of solutions deployed by organisations to support new ways of working during COVID-19 will be retained.

Grosvenor Technology is a market leader in the human capital management market, blending 30 years of engineering know-how with innovative security products and technology. We develop a range of human capital management hardware, all supported by our software partners. Our products and first-class support can help your business become more efficient, reduce costs, and enhance employee experience."

https://newmarksecurity.com/company-insights/hcm-poised-for-decade-of-growth/

"HCM Poised For Decade of Growth
AUGUST 24, 2022"
https://newmarksecurity.com/company-insights/

"HCM poised for decade of growth

The value of the HCM market is set to rocket, driven by technological advances and a move towards a distributed workforce.

Organisations are increasingly recognising the benefits of placing human capital management technology (HCM) at the centre of their HR, payroll, and recruitment functions.

This rapid take-up of HCM solutions means the market is predicted to experience significant growth in the coming years. There are variances when assessing exactly how much value will be added to the sector, but the vast majority of recent research on HCM forecasts billions of dollars being added to its value over the next decade. The US and North America are expected to lead the charge.

A report released in May from Technavio predicts that the worldwide global human capital management solutions market size is expected to increase by $12.16 billion between 2020 and 2025.

The HCM market observed year-on-year growth of 9.52% in 2021 and the growth momentum is expected to accelerate at a CAGR of 10.57% during the forecast period. North America is expected to have the largest share of the market, with around 34% of the overall market growth expected to originate from the region.
The longer-term forecast is also positive. A recent study from Fortune Business Insights predicted the following: “The global HCM market size was $23.6 billion in 2021. The market is expected to grow to $25.53 billion by 2029, exhibiting a CAGR of 9.1% during the forecast period.

“The global impact of COVID-19 has been unprecedented and staggering, with HCM experiencing high-than-anticipated demand across all regions compared to pre-pandemic levels.”

In 2021, North America accounted for almost half of the market at a value of $10.73 billion, with that trend expected to continue. The report noted: “North America is anticipated to hold a dominant position in the global market. The rising adoption of advanced technologies, smartphones, and workforce analytics solutions is expected to spur the region’s market growth.”

So, HCM is a market segment set to increase in value at a fierce rate over the next decade, but what are the trends driving this long-term upward trajectory? ..."

https://newmarksecurity.com/company-insights/hcm-poised-for-decade-of-growth/

A near five-fold increase in first half revenues isn't just potential - it's reality:-

30th Nov 2022 9:02 am RNS Half-year Report
" ... The Group generated revenues from oil and natural gas of CAD$11,571k (2021 - CAD$2,344k). ..."
https://www.lse.co.uk/rns/ZEN/half-year-report-zruvcyrci0abvf8.html

Investors can read, and the numbers here tell the story very clearly: which is of massive progress and positivity.

"the CFO said in the RNS that it was the 'current favourable energy pricing climate' that was prompting the expansion. Therefore, forecast revenues ARE based on current energy prices."

No Flashgarden,

They are two different things.

If you really can't see that then it detracts from your credibility as a poster.

"Secondly, Q1 2023 was for sant andrea, NOT the new expansion released in the latest RNS. There were no definite timescales given for the new work."

Wrong again Flashgarden.

The sentence right at the end gave a Q1-Q2 timescale for all three concessions:-

2nd Dec 2022 11:07 am RNS Development of Italian Gas Production Portfolio
" ... Our Italian energy production portfolio has significant untapped development potential. We look forward with enthusiasm to unlocking this during Q1 and Q2 of 2023 ..."
https://www.lse.co.uk/rns/ZEN/development-of-italian-gas-production-portfolio-2droq8owfaj2ipw.html

And thirdly, I repeat that the minimum potential revenue if successful is EUR 140,000 per month.
That is totally different from saying that the minimum potential revenue per se is EUR 40,000 per month.
Again, if you really can't see that then it detracts from your credibility as a poster.

But the underlying issue here is that you reacted to that good news RNS with sneering negativity: strange behaviour from anyone with a significant shareholding who wishes the company to do well.

You may well have a minimal shareholding here. Well, sometimes investors buy/retain a tiny stake in a company, which may be as little as c. a tenner or less, just to help keep an eye on it etc.
To me it would say nothing about your posting credibility.

You've now made 18 posts on ZEN in the last month, out of your total of 21 posts total in the last month:-
https://www.lse.co.uk/profiles/flashgarden/

So you obviously see something of interest here.

It's a bit sad that you don't reflect that with more positive posting.

if not, then you could well n up with egg on your face, which wouldn't be the first time.