Has Zenith hit its nadir?

Zenith (ZEN) slumped 10p yesterday as a result of its disclosure through an RNS that it had lost the major arbitration award that ZEN had expected in its favour against the Tunisian government. ZEN's lawyers are now clearly set upon going back to the Swiss court that is handling ZEN's claim and seeing justice properly carried out. Even if this procedure succeeds it will take perhaps three years.

ZEN closed at 4p yesterday and might be worth buying if the investor is extremely patient. But I would quite understand if others were less patient and decided to leave this all alone.