Thursday, August 30, 2012

Zicom Group update

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.