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Yes but the trades are both buys at 1.08 and 1.10 - doesnt this make a difference? Sorry to be dense but it makes no sense to me.
There has been no news from the company for ages - that is why they are so low. be careful!
How can they post this as a 34% increase when there are no trades and the last ones are well below and nearer to no increase?
Why is this dropping if there is a possible takeover bid in the works?
Management Review Ian Stewart has stepped down from his role as CEO and Dr. Stuart Green, currently Chief Technical Officer, will replace him with immediate effect. Ian Stewart will take on a role as Non Executive Director and support Stuart Green in the completion of the strategic review and implementation of the changes assisted by the board including the other independent Non Executive Directors. Dr Green commented: 'Throughout our discussions with Hollywood studios and production facilities it has become clear that ZOOtech's software can make a significant difference to the DVD production process for both current and next generation Video Discs. I look forward to leading this progression in my new role and thank Ian Stewart for his continued support'. Ian Stewart commented: 'The changes made will ensure that the Group is focused on the areas that will deliver growth whilst positioning ZOOtech for its progression in the US. Our new management structure and strategic aims will help us achieve this and I very much look forward to supporting Stuart in his new role'.
Conversely, the interactive DVD business is demonstrating excellent potential for growth. Sales of iDVD products in general performed well over the Christmas period. ZDP's three products captured 25% of the iDVD market by value with 'Who Wants To Be A Millionaire' at number two and 'Telly Addicts' at number four. Therefore the focus of ZDP moving forward will be on iDVD activities and the Board is considering its strategic options for ZDP as part of the overall review. ZOOtech, the technology division of the Group, continues to make progress with a number of significant contracts and priority will be given to ensuring such opportunities will deliver ongoing revenues. Given the potential growth of the software into the US market ZOOtech is actively seeking a strategic partner to maximise the opportunity. In addition, ZOOtech's DVD-EXTRA technology was used to create nine of the top ten iDVD titles sold in the UK over Christmas. Dr. Stuart Green, who pioneered the creation and application of ZOOtech's unique DVD interactive software technology, will be responsible for leading this strategy.
1 February 2006 ZOO DIGITAL GROUP PLC ('ZOO' or 'the Group') STRATEGIC AND MANAGEMENT REVIEW Further to the announcement issued on 23 January 2006, ZOO announces that it has completed its initial strategic assessment and management review. Strategic Review ZOO Digital Publishing Ltd ('ZDP'), ZOO's games publishing business currently focuses on two areas of activity: • Traditional video games publishing on platforms such as Playstation,Xbox, PC etc • The creation and publishing of interactive DVD-Video (iDVD) titles Given the weak prospects for the traditional video games publishing market, ZDP will significantly downscale its video games activities. In addition the Group will undertake a number of cost saving measures in video games operations, many of which have already been implemented.
I have also lost so much on this that it seems to make sense to hold and see - I think I would be more upset if I sold and it recovered than if they go HHO,HHO,HHO. I suppose it depends if you can cope with the day to day stress of no info for much longer.
Thanks for this one - just ot back from Italy to see growth since your tip last week.
Lets hope the hype has more reality than the staements of ZOO pre Christmas.
Based on the statutory accounts for the companies being sold, Parity Europe reported profits before tax for the year ended 31 December 2004 of EUR0.6 million (£0.4 million) on turnover of EUR33.7 million (£22.9 million). The value of the gross assets of Parity Europe as at 31 December 2004 was EUR10.4 million (£7.4 million). The disposal of Parity Europe is in line with the Group's stated strategy of disposing of its non-UK businesses, focusing its operations on the UK and reducing the Group's indebtedness. Following the Disposal, Parity's remaining operations in continental Europe will be in Holland, Belgium and Switzerland and the Group continues to consider its options in relation to these businesses. This disposal is also consistent with the announcement made by the Group on 9 December 2005, in which it indicated that the Board is focusing on the reduction of the Group's indebtedness. The proceeds of the Disposal will be used for this purpose but, as stated, in order to grow the business, the balance sheet must be strengthened further and as previously indicated the Board will be progressing discussions with shareholders to this end.
Parity Group plc Disposal of French and German businesses Parity Group plc ('Parity' or the 'Group') today announces the sale of substantially all of its continental European operations. Parity has entered into an agreement with GFT Technologies AG ('GFT'), a listed German Corporation, under which GFT will acquire the issued share capital of a number of Parity's European subsidiaries in Germany and France (the 'Disposal'). GFT has agreed to acquire Parity's German business, Parity Beteiligungsgesellschaft GmbH, and its subsidiaries and Parity's French business, Parity Eurosoft SARL, (together ' Parity Europe') for a total cash payment of EUR7.7 million as well as assumption of external borrowings expected to amount to EUR0.7 million. The cash payment comprises EUR5.9 million for the share capital of Parity Europe and the settlement of EUR1.8 million of intra-group and third party debt. Parity Europe will be sold on a cash free basis together with existing bank borrowings which, at completion, are estimated to amount to EUR0.7 million. Completion is expected to take place on 31 January 2006.
In the light of the above notification, Parity will seek clarification of the situation and Spearhead's intentions further to Spearhead's announcement on 9 January 2006 that it is considering the possibility of making an offer for the Company. Parity has met with the advisers to Dominick Company who have confirmed that Dominick Company is supportive of the current management of Parity. Parity intends to have further discussions with Dominick Company in the coming weeks as part of its overall discussions with shareholders regarding the proposed strengthening of its balance sheet referred to in the announcement by the Company on 9 December 2005.
Parity Group PLC 26 January 2006 26 January 2006 Parity Group plc ('Parity' or the 'Company') Parity announces that on 25 January 2006 it received notification that Dominick Company AG ('Dominick Company') is materially interested in 67,738,936 ordinary Parity shares representing 23.46% of the Company's issued share capital. Dominick Company has this interest by virtue of a pledge which was granted to Dominick Company by one of its customers to secure financial facilities made available to that customer through which the shares were acquired. Spearhead Limited, Inc. ('Spearhead') had announced on 16 December 2005 that it was the beneficial owner of 67,438,936 Parity shares. Dominick Company is a Swiss based private bank which provides a range of private and investment banking services.
I have given it a go at 215 - DO you think the VOG effect will rub off?
The 25000 odd at 4.05 was me selling - having a bit of a clear out of some of my holding