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stardestr0yer

5,909 Posts.

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16/10/17

13:51

Post #: 27933639
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Originally posted by sydshare ↑

Bought at 43 today having spent a lot of time researching ZNO.

The highlights is cash held $7.6 mln and no big deal they will spend 900,000 over the next Q especially launching this game changing deal in China with RBCGO (70% Gov'owned). Their CEO saying "we are very pleased with the product and we will promote it vigorously". Roll on Feb Chinese NY.
If successful in Beijing (30 mln homes) then we hit China's 300 mln homes.

Tightly held with Paul Hyslop holding over 51% and talking of which his video was compelling.
Funny how 2 SMSF, bought 14% on that Chinese ann' paying 45 cents. They are your average Mum and Dad investor only much richer.

What's more impressive is since their listing in Feb' at 24 cents they have practically totally defied every other "back door" listing, so many need years of a long track record before taking off.

The product itself has been well covered although I'll say I tried to buy some on Sunday at Woolies but they had sold out., nice problem to have.

Only slight concern and I mean slight, is dealing with Chines and their strict regulations and high standards regarding any new products. But having said that once approved they go ballistic just look at A2M et al.

Only regret is watching them since 36 cents and doing zilch.

Now I'm own a substantial amount and looking to add on any weakness.

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"no big deal they will spend 900,000 over the next Q especially launching this game changing deal in China"

For the quarter reported on they spent more than that... so if they do it to 932k with increased sales we may get closer to operation CF break even. very hard to tell how much up the upcoming revenue is on the balance sheet and what we will get cash for.

ZNO Price at posting: 45.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 2.6¢		Change 0.001(4.00%)		Mkt cap ! $9.241M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.6¢	$554	21.32K

Buyers (Bids)

No.	Vol.	Price($)
4	334384	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	41763	1

View Market Depth

No.	Vol.	Price($)
1	4706	0.090
2	61000	0.085
1	25000	0.083
1	121951	0.082
1	10000	0.080

Price($)	Vol.	No.
0.092	4500	1
0.100	12000	1
0.110	10000	1
0.115	10000	1
0.120	1200	1

Last trade - 15.10pm 15/11/2024 (20 minute delay)

ZNO (ASX) Chart