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Zoo Digital – interims, states it believes it has sufficient working capital “for the foreseeable future” but for how long likely is that?

By Steve Moore | Tuesday 12 November 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 world-leading provider of cloud-based localisation and digital media services to the global entertainment industry”, Zoo Digital Group (ZOO) has announced results for its half-year ended 30th September 2024 headlined “Revenues up 29%; streamlined business positioned to support
sustainable growth as trading environment improves”. So what of a share price of 34.5p, comparing to above 45p as recently as last week?
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