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Zinc Media – “continues to trade in line with market expectations”…but for how long? And how creditable is that anyway?

By Steve Moore | Monday 8 July 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Introducing itself in a “Trading Update” announcement today as an “award-winning television and content production group”, Zinc Media (ZIN) then states “as at 30 June 2024, the group has revenue secured and due to be recognised in FY24 of £28m, an increase of £4m since the last update at the end of April 2024. A further £9m for recognition in FY24 is at highly advanced discussions on the pipeline”. So what of the shares currently more than 20% lower, at 66p, in response?
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