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Nice rise this morning, run up to the November Half Year results announcement?
check out latest news about a ZOO competitor, Deluxe filing for Chapter 11 in the US hxxps://slator.com/industry-news/turbulence-in-media-localization-as-deluxe-files-for-chapter-11-bankruptcy/ NIA & DYOR
Some interesting trades this morning. 4 x 25k trades that look like sells but a good price for 100k so may have been worked buys. Priced in now and blue
I hope it is just dripping down on no news in relation to the "preferred provider" announcements which are due shortly from the major studios. As I said from my AGM comment they were confident of gaining that status and when it happened they would then RNS it.
whats going on with the price dropping. has dropped more than 10% and seems a lot of sales going through today
They are not a preferred vendor yet. As they said in their AGM statement yesterday morning they are carrying out a "de facto" contract at the moment for a major content producer. Recognising that Disney is going solo from Netflix in November my guess is...but they are not allowed to divulge. The other major players are undergoing major internal re-organisations and have not yet finalised their new preferred provider lists for the next 3 years. As they said this is significant work and they continue dialogue with the others. I am sure they will issue an RNS should they get preferred provider status from any of the others.
The major transition that has happened in the industry is that it has moved from "hard" product-DVDs etc to "streaming". It has taken 10 years to happen. It is still happening. The next transition is the move from using Netflix as the source of supply to going solo. Hence Disney has bought Fox and Hulu and is going solo from November -they will have content more than any other player. I think Netflix is a "short" as a result! Over the last 2 years ZOO has become an "ad hoc" vendor as the majors trial other providers to package their content. The next step is to become a preferred provider. The majors will have 3-5 providers and will never use one exclusively-and there is too much work. Dubbing is 10 times the cost of subtitles! ZOO is unique in that it does the job remotely/in the cloud -without a studio-and can maintain the quality.
The new concept they have introduced is now referred to as "ZOO studio". This is a template for all the requirements needed in the process for subtitles and dubbing. They are providing this free to the studios and the other parties, all on the basis that they are one of the preferred providers. They also include in this package what they refer to as a "session" test which ensures that all the components to ensure the quality is in place. This was demonstrated-brilliant. Traditionally, the studios simply sold the content around the world and left all this to the country concerned-that has all changed. They will now handle it centrally for over 50 countries and languages and what better way to do it is there than to use the ZOO technology-they are starting from scratch! While the discussions are ongoing I spent time with the key man based in California who has been there 20 years and clearly has all the "contacts" as well as 116 staff out there. He describes the discussions as being "favourable". They are being rightly cautious as one never knows what is likely to unfold but the chances look good to me and this new function is impressive! AS far as take over is concerned they are always receiving nibbles of interest but £2 would do me fine! Gaining formal preferred provider status would increase the value so if anyone is serious about buying the company now would be a good moment imo.
Progressive Research summary worth reading
come on Zoo my son!
some big purchases going through today, wonder when this will break 100pence, always reliable old ZOO!
rising SP ? cause. ? currency downturn/imminent announcement re preferred provider status with Hollywood studios. AGM is on the 18th so maybe announcements prior to that. Recent company presentation in August the CEO and FD were comfortable; relaxed and confident
Whats going on here, zoo going to break 80
due on Wednesday 26th June and SP seems to be creeping back up in anticipation
Something brewing?
Buying 25000 shares as a director is not exactly much is it???
Director buying? What are the details please? Thanks in advance
Expecting another strong day into the 60’s IMHO
Can you buy 10000 more please?
It’s because I bought 10000
LOL
Why the sudden interest - more directors buying??
FD buying always a comforting sign.....
Zoo Digital are exhibiting at Mello2019 which may be worth attending hTTps://melloevents.com/event/
ShareSoc have a special discount for our full members to the Mello2019 show! So, if you are planning on going to the Mello event it may be worth joining us as a full member too here: hTTps://www.sharesoc.org/membership/full-membership/
You can save up to £60 on the £149 ticket if you join ShareSoc!
pleased to see the back of it
p.s. forgot to say, sold half this morning @ 53 so made some overall profit (at the moment - may be a big drop first thing)
my average here is 48 - think I'm going to dump the lot for 0 profit tomorrow. Progress is too slow for this valuation. Roj's 20p is OTT but it can't be worth much more than the 30p I first bought it for.
Well good support buying into the drop - onwards & forward
Very much as stated in 22nd January trading update. Nothing unexpected in this latest update.