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This company has not debt, $3m cash, undrawn credit facility, major holywood studio contracts, forward sold pipeline of work. All in all massive potential here. I agree, this could be work £1 by end of 2024. I topped up this morning.
Back to 1 pound
Downtrend still on.
Equity raise highly likely and then price recovery. This likely has further to drop before stabilisation and uptrend.
Lourap
i agree with ya.....looks like the long downtrend,is coming to an end....just above 20p..imo
I thought there were a couple of instances in the last few weeks of price stabilisation here, but the downtrend continues. The last RNS implied a stable cash position (with the company specifically mentioning debt facility if needed), but share performance is implying another capital raise in due course. Longer term looks positive, near-term who knows….
Still sleeping imo ....enables activity on our part though ..LOL...
She is waking up
Just bought my first tranche into this 400k at 23.3
Yes ur right just worked it out gone from 11.9 to 10.9 percent. It must be over 1 percent rule. I see. Why would they only sell 1 percent of there holdings and not them all ?. Also are they privy to inside info ? Through communication with zoo ? Cheers for answers
It was a sell by Cannacord
Does it mean CANACCORD GENUITY GROUP INC has just purchased over 10 percent of zoo. ? Or they have bought more and crossed over the 10 percent ?.
Question time
I imagine it's a buy if a certain threshold has been reached. Rather than a sell ?
Rns announcement out for zoo tr1 form. How can u tell if its a buy or a sell. Just an x in the box. Saying aquasition or disposal. Does not say which ?
This is going down the dunya!
Want to buy in, probably take a punt at 20p
OpenAI just launched Sora too. https://openai.com/sora
Nope.
Zoo is not going to be leading anything to do with AI/ML at all, It will be a new company with VC funding that will do this.
Their CTO looks absolutely garbage.
Here's the CTO's previous team member page from 2022: https://web.archive.org/web/20220930023829/https://www.zoodigital.com/team-members/chris-oakley/
Oh look, it's missing AI completely. They added AI to his team member page in 2023. They did this to deceive shareholders into thinking they have AI skills. Another red flag.
This CTO has no experience at all in software development or AI lol. His experience is as a QA analyst! QA testers are not software engineers, they use playwright/selenium for automated tests and the rest is just manual clicking about.
Https://www.zoodigital.com/team-members/chris-oakley/ I imagine zoo will harness AI and us it to there advantage. Like pretty much every industry on the planet going forward. Chris will already be ahead of the curve.
All good posts and great debate - maybe need to consider Zoo as a leading developer of AI potential in their industry and actually ahead or the transformation game?
@havealot
I agree it's overhyped but to me It all depends on how fast it develops. If AI will be able to do dubbing in different languages using the same actors voice (and I've seen very good videos on youtube of AI already doing this) and being much more accurate in 5 years than it is now, then it's game over for Zoo imo.
And I wouldn't personally bet against technology advancements like this.
Does anybody has access to this report? Would be good to get some bullet points here Or any other recent articles? https://ukinvestormagazine.co.uk/why-zoo-digitals-recovery-could-be-further-delayed/
Lemonade311
I do not see any similarity with Sears at all.
AI capabilities are being massively overhyped. The AI models will never produce 100% accurate results due to the mathematical and statistical limitations of the process. Therefore can you imagine studios producing a film and then using some AI platform to dub and or localize it and then just issuing the resulting product without manually verifying the result. Once you start checking the resulting product, you might as well have manually done the dubbing/localising in the first place. I am not sure that the authors/scriptwriters would be too happy either with an approximate translation of their work.
There was a massive funding round last year where institutions bought for 177 or something at a discount however.
I agree AI will replace a lot of what they do but business will focus if other areas and utilise AI how they wish. I don't see this going back up to previous highs but into the 100s is possible this year given the demands range of customers and services which they provide.
This is interesting however, I also work in IT however progress can be slow given the reason the strikes happened in the first place. The industry will move slower than you'd expect.
DYOR etc
To all the posters here saying it's cheap, this looks like a classic value trap and like Sears did in 1999.
Don't underestimate how fast AI subtitle generation will improve (Youtube's closed captions for example are 10x better than just 2 years ago and amazing now).
Dubbing could very well be done by AI soon, AI will get better and cheaper, killing zoo's margins. A company with ML engineers will offer better services for a 10x cheaper price.
See here for an example of hour amazing AI dubbing will be: hxxps://twitter.com/i/status/1618954444510728192
This company only has a few years free cash flow left in it imo, it's stock price should be cheap (and probably cheaper), looks closer to a short than anything else.
The CEO doesn't know ML either, he probably doesn't understand how fast it will replace Zoo which is why he's buying.
All in my opinion of course as a software developer myself.
Why?
This company looks like the equivalent of sears in 2000. AI will replace it within 10 years, the quality of dubbing and translations will become increasingly better and a new company which has ML engineers will offer better AI quality of dubbing/subs for a much cheaper price, killing zoo.
That's why Zoo has dropped so much, AI is an existential threat to them.
Cant believe this and am buying as much as I can - not like me but this company has credibility