Zenova – emphasises fire retardant paint order, but what about still the cash burn?
By Steve Moore | Monday 4 September 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Zenova Group (ZED) commences a “paint order in Greece” announcement with that it “is pleased to announce an inaugural order in Greece for its proprietary fire-retardant intumescent Zenova IP paint combined with proprietary thermal insulation Zenova IP paint for the solar panelled roof market for a large international coffee producer with lots of warehouses across the globe”. Sounds encouraging, but what’s the detail?
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