By Steve Moore | Thursday 26 September 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.
Describing itself as “a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry”, Zoo Digital (ZOO) has issued an AGM trading update including “recent months have witnessed the early stages of recovery… Over the first half… expects to deliver sales in the period of at least $27 million… As previously stated, the board expects EBITDA profit in the first half… cash balance as at 30 September 2024 is expected to exceed $2 million”. However, what about the shares, at 37.5p, still down from above 50p when I previously wrote on them.
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