Market's view on Eco Buildings
Published on April 2024
- Zenova products are confirmed suitable for Europe and are environmentally friendly.
- Zenova is also involved as a distributor for eco-buildings in Latin America and Chile.
- There is progress in certifying operations in Chile and Albania, with a focus on expanding to new geographical regions, such as South America.
- There’s a commentary on the stock’s unfortunate price relative to the RTO price, but updates are viewed positively due to modest dilution and involvement of long-term, knowledgeable investors.
- Updates confirm active contracts in Albania, expected to be delivered within Q1.
- The role of a significant shareholder, Albani, is highlighted; taking a prominent executive role signals a forward movement and potential new business signings.
- A relationship is pointed out between Eco Buildings and Fox Marble, mentioning that Fox Marble remains a subsidiary post the integration of the Eco Building business.
- Challenges in the modular housing sector are discussed, including issues with obtaining greenfield sites and regulatory hurdles in the UK, contrasting with ECOB’s business model focusing on pre-approved projects in developing economies like Albania.
- There is a brief mention of the adverse personal financial impact from investments in the small cap market.