I linked to a great write-up and mentioned Zicom in a post
here before (HERE).
It remains one of our favorite ideas at Chanticleer. For those that are
following it, they filed their Preliminary Final Report.
I recommend reading the Kelpie
Capital write-up for more background, but here’s a summary of the valuation
using the fiscal year-end numbers (the stock closed in Australia today at 0.18 AUD):
P/E: 6.3x
P/TBV: 0.68
Dividend Yield: 5.56%
Disclosure: I am a portfolio manager at Chanticleer Advisors and Chanticleer Investment
Partners and the fund and separate accounts Chanticleer manages own shares
in Zicom Group. We may in the future buy or sell shares and are under no
obligation to update our activities. This is not a recommendation to buy or
sell a security. Please do your own research before making an investment
decision.