Attempting to sell its ‘premium SMS’ business and “in discussions with a number of parties”, Zamano (ZMNO) now “believes it is close to executing a transaction with a preferred party”. Sounds positive, so why are the shares lower, further below 4p?...
Having stated in September that it “continues to focus on M&A activity and pursue higher value-added business” and then in November that it “has decided to cease all ongoing M&A discussions and focus on maximising cashflow from the existing business”, Zamano (ZMNO) has now updated that “the board believes that it is necessary for the company to take the decision to formally wind down the existing business lines in order to protect the cash position on the balance sheet”!?!
Uh-oh. A Friday, 3:39pm “Business Update & Strategy/Board Changes” announcement. I’ll give you whatever odds you want on this being good news from mobile messaging, marketing and payments company Zamano (ZMNO)… It ain’t…
Having earlier this year gone from “positive performance in revenue & profit” to group contribution margins “lower”, Zamano (ZMNO) stated in late August half-year results “we anticipate an improvement in operating performance during H2 2016 thanks to H1 advertising spend and continuing strong UK sales performance”. Now, it's updated that this anticipated improvement “will not be achieved”. And there’s worse...
zamano (ZMNO) has announced results for the first half of 2016, with a first two “Highlights” of “sales increased by 80.2% to €18.748M” and “zamano continued to improve its balance sheet position, with cash of €7.430M at 30 June 2016”, so why are the shares currently further lower below 10p? …
Provider of interactive applications and services to mobile devices, zamano (ZMNO) “is pleased to issue an Interim Management Statement in conjunction with its Annual General Meeting”. “Pleased to issue” - should be good then, wait, what? The shares are currently down approaching 17%, to 10p, on the back of it? Hmmm…








