RE: ZEN - Half year report30 Nov 2022 12:14
At a marco level Zenith is progressing very well indeed and well played the team for that.
I could moan a bit on Tunisia, but the market cap of 15 to 20m gbp range is so low that you could say the maket has penalised zen.l massively already for average/poor performance in Tunisia this year. And given stunning Italy performance has made up somewhat decently for Tunisia you could readily see it as more barbaric again by the market against this share.
Generally, on the face of things, the market cap. here feels joke low versus the assets and revenues/profitability of the existing business, to me .. not to mind that there are, likely /very likely, new licences on good terms in the near term pipeline too.
Sad to me the market has hated this share so much this year.... but hopefully that changes soon.. and if/when they get one or more of those new licences over the line, it can of course do.