nice11 Sep 2017 10:32
Bump
harhoo
Posts: 6,695
Premium Chat Member
Off Topic
Opinion: No Opinion
Price: 1.875
Disconnect: metals vs spSat 14:51On average revenues in 2012, 2013, 2014 of 36m ZBO reported net profit after tax of nearly £1m... ZBO revenues have more than doubled since those days based on the interims when over £40m revenues reported for six months - however metal prices were at their low back then and profit was small- so it is a fair assumption now that metal prices are back to their former levels that the company is making circa £2m p/a currently on a run rate basis which on a PE of 15 is obvs 30m and an sp of c30p.
The final year results due within two weeks should show an improved profit esp as last three months of ZBO's financial year ending end of March 2017 will have benefitted from much better metal prices - c20% up on dec 2016 prices.
The sp is 1.88p with an mcap of less than £3m - if you look at the U shape curve of metal prices over the last few years and then look at ZBO's L shape sp curve over the same period the upside to me is clear. Incredible disconnect imo dyor