ZEN - Where have the buyers gone?, page-29

Thanks ZeeMan.  That is much appreciated.  Dare I ask one question.....  Revenue for one Q was double all other Q's before and after.... and no one knows why???????????????  That seems odd..

Interestingly, I wrote ZEN and asked (without knowing any detail).... "your EPS was 7.5 cents in first half and 1 cent in 2nd half.  Yet you forecast a yearly increase in EBITA of 5-10% next year.  How is it your 2nd half was 1 cent EPS, but next year you forecast between 9 and 10 cents."

Oddly......     no answer from ZEN over a few days.

So, I sold out today at a $500 loss.  I cannot handle mysteries.  And I cannot handle investors being ignored by management.  It is my mistake for assuming the ZEN presentations were fair dinkum.  It is possible ZMan is a downramper and knows very well all he says he does not know.  Who knows.  I note what the company says in presentations.....

this yr just finished EBITA = 18.22 mil

next yr forecast = 19-21 mill

But. as Zman states, a new 3 mill payment on borrowings will newly appear, so perhaps the NPAT will fall from the 8.47 mill this past year.

I would counter Net Tangible Assets increased 8.5 mill (36 to 44.5 mill).  So if you need to increase your earnings by borrowing and this also increases your NTA by heaps, perhaps it is OK

Monday we will see, when 9 to 10 mill shares hit the sell side.  I do note the almost nil buyers on the buy side.

And what a bunch of dummies in the market, bidding this up to 1.24 without having done any due diligence into the sudden increase in revenue.