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Https://www.lse.co.uk/rns/KWS/statement-re-possible-offer-35t11t9sclhtzdi.html
There is overlap in the Entertainment side of things with KWS also providing dubbing services etc and they are looking to grow by acquisition and which EQT on takeover is keen to support.
News breaking this evening of a bid from Swedish Private Equity firm EQT Partners for Keyword Studios having had several unsolicited approaches from them in recent weeks.
Keyword Studios of course being an outsourcer to the Video games and Film industries.
Some may be dual holders. Dyor.
The share price seems too low for the stage of recovery in the companies fortunes since the ending of the Writers Guild strike and what with the new major clients they are now gaining work from.
It's a very nice 6 to 12 month investment and recovery play and then review further thereafter in my opinion.
Still lots a value here
https://*********************/companies/uk/leisure-entertainment/zoo-digital-group-plc/research/progressive-equity-research/progressive-zoo-digital-recovery-continues-as-pipeline-accelerates/30_5333f6d3-524e-410a-9e59-7adfa8b6e125
64p above market
Another continuation of the rise coming now imo
Nice buying today.. very cheap
25 mins in.......https://www.youtube.com/watch?v=U3I4dQuCp48
Very good RNS Today for ZOO and GILD.....Nice to see them on the leaderboard gainers .....can this finish in the top 10 today
Maybe not £1 today but it should be coming imminently. Improving fast on all fronts and those big new studio customer wins are now providing them with work
"13 May 2024
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
Trading and Debt Facility Renewal Update
ZOO Digital Group plc (AIM: ZOO), a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, today provides an update on trading and its debt facilities.
Debt Facility and Cash position
Further to the trading statement of 26 March 2024, the Company has since renewed for a further twelve months debt facilities of up to $3 million with HSBC. These facilities remain fully undrawn but provide the Company with enhanced financial flexibility for working capital purposes in an improving market environment.
Year-end net cash on 31 March 2024 was $5.3 million, significantly better than indicated previously following stronger collections than anticipated in the month of March.
Current Trading
Customer demand has continued to recover with March 2024 invoicing the highest month since April 2023 following acceleration of the Company's pipeline. Work has continued to expand throughout March and April 2024 and visibility extends to September 2024. Revenues for FY25 Q1 are expected to be 36% up on FY24 Q4 which, together with recently implemented cost savings, is expected to result in EBITDA at break-even in Q1.
The Company has now received dubbing and subtitling orders from the major film and TV distributor for which it was recently appointed as a primary vendor as referenced in the announcement of 26 March 2024.
ZOO's strategy remains focused on developing and deploying innovative technology to provide leading and differentiated end-to-end services to its customers. This includes the use of Artificial Intelligence to augment and complement processes where applicable. The strategy is achieved through a capital-efficient approach involving production hubs in key locations to provide a 24/7 service offering, which the Board believes will deliver profitable revenue growth.
With market commentators forecasting a return to 2022 levels of entertainment output in 2025, the Board continues to see opportunities to rebuild revenues following the significant industry disruptions of FY24 and is confident of at least meeting FY24 market expectations*.
Notice of Full Year Results
The Company expects to announce full year results for the period to March 2024 in early August 2024.
The persons responsible for arranging for the release of this Announcement on behalf of ZOO are Stuart Green, Chief Executive Officer and Phillip Blundell, Chief Financial Officer of ZOO.
* The Company understands market consensus for FY24 to be revenue of $39.7 million, EBITDA adjusted for share based payments loss of $14.0 million and net cash of $3.7 million.
On the back of this update we should see at 1 pound today
Business is back to normal, share price should be too ...
April 2023 we were 2 pounds a share on target to 450 for 2024/2025 .. so no reason why we should not be there now
Looks very good!
Wow.. nice RNS... looks like 150 in 2025 at least
Looks on the cards
Should climb back above 60p by CoP
Still lots of value in this play.. there is no reason why over the next few weeks and months this is not back closer to 2 pounds where it was before the strkes
I hope you all managed to buy into yesterdays dip,
This is a great recovery stock and the odd dip here and there is to be expected, this will keep on rising into next update and sales results
Dip to be expected with a 60% rise in a week, bought 18k at 53.89p thanks sellers! Very easy hold this now, great recovery stock
Nice level to back in again
I didn't see any real volume dropping the price and it certainly doesn't change the fact that ZOO is a fast recovering company with a deeply undervalued share price so it's an easy add on the dips.
Did we just get the last sales from Cannacord ?
The share price started to suffer with North American markets opening.