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Added more into my Isa to use up some of this years allowance.
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.
It is probably better just saying that if you are presently valued at £225Million and you have £164 Million in cash and possibly more now, then the difference between the two of £81 Million is not a lot of valuation for a company that made £40.1 operating profit at last full year results.
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.
And a nice one at that with what looks like 3 contract wins over recent weeks that we weren't aware of
· Thames Water: award of a Design and Build contract to upgrade two strategic water treatment assets in Berkshire and Hampshire;
· Transport for London (TfL): two major road refurbishment projects at Gallows Corner Flyover and Brent Cross Interchange; and
· Two new framework contracts in the nuclear energy sector.
And the weekly cash position year on year is also vastly improved.
Happy to keep holding and adding as the present Management team are adept and with so much cash and so many Private equity takeover deals being announced in recent days and weeks COST could well receive a bid itself.
On todays dip.
To be honest I didn't think we would see 77p and 78p again.
Too much going on and oodles of cash on the balance sheet.
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.
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.
Better to be focussing on £1.00 in the interim and £1.60 in short order. The next update you would think should confirm that the effects of the writers strike are over and things are quickly getting back to normal. That should then remind everyone that it wasn't that long ago that the share price was £2.00.
"Chariot are in a very strong position right now, the shares look particularly attractive with these two areas of Morocco coming good I am confident that patience is about to be rewarded."
Would be nice.
Slow and steady will do just fine. Then they start to run, then sprint..
Something similar happened to Darktrace prior to their Bid announcement with a rise in the price immediately preceding it. So never say never.
Its either that or its now rerating back upwards after the dramatic improvement in business RNS.
Lets face it ZOO is still super cheap and I'm happy to sit on all my shares and follow it back up to 150p to 200p as interest rates cuts should feed through to further business improvement and growth.
Excellent ISA investment imo
Liontrust just declared more than that entire holding on the 10th April. (5126452 shares)
https://www.lse.co.uk/rns/ZOO/holdings-in-company-lsomsxu1mrsq3ka.html
Its nice to see it breaking through the 80p barrier. Just needs to hold it and build further confidence.
Cannacord don't have that many left, maybe more than you can buy, but in the bigger schemes not a lot and furthermore Liontrust just appeared out of nowhere with more purchased than they have left.
Read back on how the business is dramatically improving and you might see the dips as opportunities to add.
The greatest rewards fall to the patient.
How did this ever get so low with such profitability and so much cash sitting on the balance sheet.
I had been tracking Zoo during its recent falls and bought in this morning off the back of the RNS. The film work dried up with the Actor strike and now the sluice gates have been opened up again and the tide is turning.
Debt free, Interest rates set to come down in key markets and you only need to take a quick look at the 1 year time frame on the chart above to see how oversold this had become.
The Director buying is also timely.
It says they ended last year with £194M net cash InvestorTim.
You maybe to buy the Telegraph and read the Questor column.
Costain have just been tipped as a buy by The Telegraphs Questor column.
"Questor share tip: investors currently value Costain’s operations, which are forecast to make £40m in pre-tax income, at just £25m"
https://www.telegraph.co.uk/money/investing/questor-costain-low-priced-stock-bright-future/
There are several pieces of newsflow imminent including from yesterday Energean news which will set CHAR up financially for years to come.
But don't forget that at Gaufrette we are ready and just waiting on news of the Rig mobilisation to start off a two well drill.
https://twitter.com/Chariot_Energy/status/1768251646956409105?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet