Zicom Group Ltd. engages in the manufacturing of deck machinery, offshore structures, fluid metering stations, gas processing plants, foundation equipment and concrete mixers, precision engineered machinery, medtech translation services and services to the offshore marine, oil and gas, construction, electronics, biomedical and agriculture industries. The company operates through following segments: Offshore Marine, Oil & Gas Machinery; Construction Equipment; Precision Engineering & Technologies; and Industrial & Mobile Hydraulics. The Offshore Marine, Oil & Gas Machinery segment manufacture and supply of deck machinery, gas metering stations, offshore structures for underwater robots and related equipment, parts and services. The Construction Equipment segment engages in manufacturing and supply of concrete mixers and foundation equipment, including equipment rental, parts and related services. The Precision Engineering & Technologies segment manufactures precision and automation equipment which includes equipment related parts and engineering services. The Industrial & Mobile Hydraulics segment supplies hydraulic drive systems, parts and services. Zicom Group was founded on July 1, 2006 and is headquartered in Murarrie, Australia.
The biggest news this week is Harvey Norman’s decline from A3 to A4.
The company reported earnings that were 6 cents lower that the 2011 results. Return on equity also fell and debt increased to $779m, equating to a Net Debt / Equity ratio of 26%. In 2011 HVN’s Reported Net Profit After Taxes was $252.255m. This year reported NPAT fell to $172.411m.
HVN’s intrinsic value has been on a downward trend since 2006. Can management reignite HVN?