Australian (ASX) Stock Market Forum

ZGL - Zicom Group

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Big gains for Zicom Group following the release of its H1 FY19 financial results on 28 February. Significant increases in gross revenue and NPAT have seen the share price jump from 7.2c to a high of 18c in the last two trading sessions. It is currently trading at 16.5c.

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Sim Kok Yue, the Group CEO put out an announcement today.
Excerpt.

"LNG Propulsion Systems – Orders Secured

Your board is pleased to announce that we have secured total orders worth S$60m to
design and supply LNG propulsion systems for several oil product tankers being built for a
leading European oil tanker owner.
These vessels are built to DNV GL (Det Norske Veritas -
Germanischer Lloyd) classification.
The delivery of these orders is scheduled for 2022/2023.

This order underscores the gathering momentum in the transformation of our marine
sector. As our deck machinery products hit a downturn about 5 years ago, the Group recognised that a transformation of our marine sector was critically needed."

5 year chart, biggest day in years...
A one hit wonder or worth a look into?

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PROFIT GUIDANCE YEAR ENDED 30 JUNE 2024

The Group is pleased to announce that subject to unforeseen circumstances arising and audit adjustments, based on performance to-date, it expects to achieve a consolidated net profit after tax of between S$6.0m and S$6.5m for the financial year ending 30 June 2024, compared with a consolidated net loss of S$8.54m for the previous year.
During this period, the Group has commenced executing all its gas processing plants that were delayed due to payment arrangements.
This problem has been resolved.
The Group’s earnings for 2024 included progressive recognition of revenue for the gas processing plants, recovery in the construction equipment segment post-Covid and recoupment of losses in Orion Systems Integration Pte Ltd on divestment.
As reported in last year’s Annual Report, the Group’s performance is emerging from its worst years.
The Board is confident that the current momentum of its business is expected to be maintained and with its on-going restructuring efforts, the Group is hopeful to maintain its performance in the coming years.

i do not hold this share


hmmm an opportunity for traders ?
 
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