Share Name Share Symbol Market Type Share ISIN Share Description
Zoo Digital Group LSE:ZOO London Ordinary Share GB00B1FQDL10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +4.71% 44.50p 43.00p 46.00p 47.50p 42.50p 42.50p 373,036 16:07:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 13.1 0.4 1.9 24.7 32.70

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Date Time Title Posts
13/12/201716:02ZOO Digital4,710
27/6/201706:39ZOOtech the rebirth....6,910
26/9/201313:24DOES ZOO LOOK LIKE A TEN BAGGER-CAN ANY OF YOU EXPERTS LET ME KNOW HERE PLEASE?9,637
14/4/201008:15Zoo Digital Technology with a market set to grow strongly7,309
03/10/200912:01ZOO is POO....9

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2017-12-13 17:12:1744.5011,5835,154.44O
2017-12-13 16:07:3044.795,0002,239.50O
2017-12-13 16:05:5544.795,9692,673.52O
2017-12-13 15:24:3244.005,0002,200.00O
2017-12-13 12:56:1642.382,124900.15O
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DateSubject
13/12/2017
08:20
ZOO Digital Daily Update: Zoo Digital Group is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ZOO. The last closing price for ZOO Digital was 42.50p.
Zoo Digital Group has a 4 week average price of 40p and a 12 week average price of 25.75p.
The 1 year high share price is 68.63p while the 1 year low share price is currently 8p.
There are currently 73,493,994 shares in issue and the average daily traded volume is 214,326 shares. The market capitalisation of Zoo Digital Group is £32,704,827.33.
27/11/2017
06:47
martina pescatore: The answer to the many questions we have asked and want to ask, can be found in the 50 minute video on the Zoo website, go to “investor relations”, which presents the Interims to 30 September 2017, to a room of institutional investors it seems. It is well worth a watch for anyone considering an investment in Zoo Digital, IMO. The key points for me, at circa 29 mins, Zoo FD (Helen Gilder) states that for the first six months Zoo revenues for subtitling services were circa $7.4M (approx. double the prior year period) and that revenues for dubbing services were $1.7M. Now from memory, the company only launched their dubbing services in September 2017, but even if the $1.7M is for two months' work, this is not a bad start for a service that was well received and was quicker and of similar quality to other dubbing service providers. If Zoo can achieve no further growth in the legacy business of software licensing and digital packaging (circa $4M for the first six months) and no further growth in subtitling (circa $7.4M for the first six months) but which is in fact still growing fast according to Stuart Green, then it can be extrapolated that revenues for the year with dubbing services to add to the pot could potentially be way beyond the $24M to $25M I had estimated. Stuart Green is at pains to point out in the presentation that they are progressing their dubbing services carefully and are ensuring quality is high for all of their dubbing work. Stuart Green also points out that the dubbing margins will improve in the next FY; however, IMO if Zoo can add dubbing revenues of say $1M per month in H2 to an already forecasted H2 figure of circa $12M, then we could be looking at circa $30M for the full year… IMO. If Zoo lay the foundations this year, as they suggest, for zoodubs to ramp up in future periods, then we could be looking at comfortably above $1M per month in revenues from dubbing next year (could easily be $2M per month, or more see below), which added to circa FY forecast $24m now assuming subtitling works stops growing (which it hasn’t yet according to Stuart Green) and with the anticipated margin improvement, Zoo could show a very healthy profit indeed. At 31mins, in Helen Gilder’s analysis of the company Statement, she points out that the trade receivables at $7.1M, which is an enormous figure but is purely down to the increase in trade and is simply a snapshot of the company position at the end of September and that this will work its way through. She also points out that she is not worried by this. At 31mins 31secs Helen Gilder states that Zoo is generating cash but the company is not showing it due to the above increase in debtors. For me this indicates that the company has rapidly ramped up revenues and its billings in the H1 and there seems to be no cash flow issue here. Stuart Green confirms in his presentation that typically for content owners, dubbing work costs about 10 x as much as subtitling work costs. Stuart Green also points out that traditionally, dubbing studios are in territory and therefore, they only typically offer dubbing into one language. Zoo are now a multi-lingual dubbing service provider, having successfully completed their first project into nine different languages. A multiple lingual dubbing service provider has never existed in the industry before and that this will be very attractive to content providers. Zoo are of course also a subtitling service provider and most dubbing service providers are not. Therefore, there can be costs benefits for Zoo which they can share with the content owners. I have been cautiously optimistic about the company prospects for a while, but I now think that we are seeing the company rolling out its strategy very effectively, and that some apparently sounding “wild” share price projections of others are perhaps not so wild after all. If dubbing costs are 10 x subtitling costs, and H1 revenues for subtitling services were $7.4M, then if I was an optimist, I might be multiplying the subtitling revenues by 10 and considering how achievable this would be for a six month period in a few years’ time for dubbing work alone. Perhaps not unachievable at all. No wonder the company talks about the significant opportunity available to it. Has anyone really considered the possibility that Zoo could be achieving revenues of in excess of $100M in just a few years’ time? NIA and DYOR.
27/10/2017
06:50
martina pescatore: My current thoughts regarding the opportunity for Zoo, and no advice intended… Also, I apologise in advance for the length of this post, but as we all know, it helps to write things down, shares one’s thoughts and ask for valuable contributions from others. So do please contribute. Currently, there are circa 73.5 Million shares in issue. Zoo, without zoodubs and zooscreen is at just ahead of breakeven, with revenues of $16.5M for the previous year to end 31 March 2017 and a minimum of $12M for the first six months to end Sept 2017. In fact, it is likely IMO that the company could make circa $1.0M profit for the current year excluding zoodubs and zooscreen. So let us assume £0.5M profit excluding zoodubs and zooscreen. The broker has said that Zoo currently have about 10% of the EMEA (Europe, Middle East and Africa) market for subtitling, a market valued at circa $300M. However, from my calculations and the data we know, Zoo’s annual revenues from subtitling are not $30M (10% of $300M), they are in fact, likely to be around half that, at circa $15M, IMO. Therefore, from this I deduce that the service offering that Zoo has in zoosubs is providing significant cost savings for content owners. Hence, they are winning business and growing market share. Now, the zoocore and zoosubs platforms launched in 2012 and the subtitling service was launched in 2013, so let’s say five years ago. Therefore, zoosubs has taken circa five years to achieve 10% of the market, ostensibly supported by the new technology approach and the savings that the content owners can achieve, I presume. NB: There is no doubt that the quality is also as high as other subtitling services otherwise zoo would not be succeeding at all. The company has therefore demonstrated both technical development and implementation of the platform and service as well as demonstrating execution of the service offering, together with a start from virtually zero in respect of clients who had not used Zoo for such services before. Selling other new services (eg dubbing) to existing clients (the door is already open theory) should therefore be somewhat less complicated I presume. So, moving onto the opportunity that is dubbing and the new zoodubs platform and service offering. The EMEA market size for dubbing is reported to be $1.2Bn per annum and growing at circa 8-10% pa currently. Let us assume that zoo can similarly achieve 10% of the EMEA dubbing market over a five year period (and that the EMEA market does not grow), therefore broken down this would neatly suggest incremental 1% market share growth every six months. Let us assume that similarly, the zoo market offering is at half the cost for the content owners, but no compromise on quality of course, therefore the calculation for revenues for the first six months (Oct 2017 to end March 2018) could be 0.5 x 1% of £1.2Bn = $6M revenues. Is this possible? So, as a logic check, $6M for six months equates to $1M per month or close to $50,000 dubbing revenues per day. Perhaps this is too much today and this week, but as I suspect it will grow incrementally, the revenue rate could soon get to this level. So, I conclude that it could be possible. As zoodubs integrates both the proprietary dubbing platform and zooscreen technologies, net profit from dubbing could be 20% - 40%, but let’s assume 20%. Therefore, this could add 20% x $6M = $1.2M (say £1.0M) of profit for the six months to end 31 March 2018. By extrapolating this forward, therefore for the following year as a whole we could be looking at 3% of the EMEA dubbing market = $18M revenues (£3M profit) from zoodubs alone, added to the circa $20-24M revenues (£0.5M profit) from the existing business. Totalling £3.5M profit for the year to end 31 March 2019. Projecting forward, this could be £5.5M profit to year end 31 March 2020, based on 5% of EMEA dubbing market. Projecting forward, this could be £7.5M profit to year end 31 March 2021, based on 7% of EMEA dubbing market. Projecting forward, this could be £9.5M profit to year end 31 March 2022, based on 9% of EMEA dubbing market. Can the zoo dubbing service achieve this market penetration this quickly? Well, if the cost savings illustrated above are attractive to the content owners, and if the voice actors like the tools (anecdotal evidence, suggests that they do, as does common sense), then I believe that it can. Also, bear in mind that the zoo dubbing service via zoodubs incorporates zooscreen. Now, currently if a recording studio wants to create a dubbing track for a movie, the movie content could be available in an unsecure form, such as dvd, making it vulnerable to piracy. With zooscreen, the content is secure and protected from piracy, also saving the cost of producing and distributing dvds. What is not to like about it. No wonder it has been winning awards. Remember these words from the recent IABM award for innovation: In their feedback about ZOOdubs, the IABM panel highlighted: “This is not just an app but an entire service. An elegant use of the cloud that leverages all its advantages of speed, flexibility and scalability to transform the process. A real innovation of how dubbing will work in the future." It is possible then that less than 1% per six months or even greater than 1% per six months could be achieved, who knows? So lastly, if we believe and consider that zoodubs can achieve the above, I have put the profit forecasts that I have suggested on a forward pe of 30 (could easily argue for 40 or greater with the growth in profits indicated) and we have: 2017/2018: possible profit of £1.5M = mkt cap of £45M = 61.2p share price. 2018/2019: possible profit of £3.5M = mkt cap of £105M = 142.9p share price. 2019/2020: possible profit of £5.5M = mkt cap of £165M = 224.5p share price. 2020/2021: possible profit of £7.5M = mkt cap of £225M = 306.1p share price. 2021/2022: possible profit of £9.5M = mkt cap of £285M = 387.8p share price. The above are all based on the current circa 73.5 m shares in issue and are all hypothetical of course. There is of course many a slip between cup and lip and none of the above is guaranteed. For me it is simply food for thought in trying to understand the possibilities and trying to value my shares now and over the next year. As the market starts to value the company more on projected future earnings, rather than the past, I can see great potential share price appreciation possibilities here. NIA and DYOR
13/10/2017
10:21
kcr69: Sicknote, I am glad you bought back in for three reasons 1. Forget Cannacord, it was clearly you who triggered the 6p sell off a few days ago as you unloaded your wad on the unsuspecting market. Don't need any more of those events. 2. The volume of posts dramatically reduced in your brief absence. 3. Obviously none of my business, but I really didn't want to see you put even more money into Triad and Premier Oil. I think the first is an outright basket case, and the second, which incidentally I hold, and I think will eventually come good, but expect a long long time for any decent share price appreciation to be realised. Major difference between Zoo and Premier oil. The management control the destiny of the Zoo share price through execution, whereas the banks, bondholders and hedge funds will control the share price of Premier Oil for some time to come, irrelevant of delivery of Catcher etc. Best wishes and good to see you back.
05/10/2017
08:08
mcfly79: After a large rise in the share price it's always right to question your investment. Just looking at the FinnCap current year earnings forecast would make the company look expensive. That said, from discussions with the company and everything else I've seen I think the FinnCap forecast is very prudent and we've been told the forecast includes little for Zoodubs. What will really drive the value is the extent to which Zoodubs takes off. So how much of the dubbing market would Zoo need to win to justify the current share price? The current EMEA market for dubbing is $1.4bn annually. Let's say that Zoo can win just 1% of that market over the next 2 years. That's $14m of revenue. FinnCap are using a 55% gross margin for subtitling work so I'll assume the same for dubbing (although I hope Zoo will have more pricing power in the dubbing space). That's $7.7m gross profit. In 2017 revenue increased by $4.9m and staff costs went up by $1m due to an increase in sales, marketing and localisation coordinators. There was a degree of investing for the future in that increase so the increase in staff costs just to cover the $4.9m extra revenue will have been lower. Zoo has already built up a base of staff for dubbing so may be able to cope with some of the extra work without additional staff. However let's be extra prudent and assume staff costs increase against revenue in the same proportion as 2017 - giving around $3m of extra staff costs to cope with the $14m Zoodubs revenue. That leaves a net profit of $4.7m which would add over 6c to eps and justify a far higher share price than where we are currently. Is 1% of the dubbing market realistic? If we look at Zoo's subtitling revenue I think it must make up at least $10m of the $21m forecast revenue for the year. The EMEA market for subtitling is $0.25bn annually and therefore $10m represents 4%. Is there any reason why Zoo can't get 4% of the dubbing market within a few years? Admittedly it has taken Zoo some years to build up the subtitling business but they now have the reputation and client base to push Zoodubs. The dubbing market is also far more fragmented with no dominant players which should make winning work easier (the top 4 vendors only account for 20% of the dubbing market compared to 60% for subtitling). Any thoughts would be welcome. I think I've been prudent with assumptions.
03/9/2017
08:32
mcfly79: I posted this on the JTCod blog:There have been a number of posts recently on the disruptive technology of EVs and Solar. These technologies could have a profound global impact. I'm also keen on trying to find disruptive technologies in more niche markets that could transform the fortunes of a single company.A few months ago I bought shares in Zoo Digital (Zoo). Current share price 27p and current market cap £20m.The company has a software development background and some years back developed software that streamlines the process for localising films and TV context (the main work stream being subtitling into local languages). Their system is cloud based and allows a central co-ordinator to work with a large pool of freelance translators across the world to subtitle the work into many languages.BackgroundWhen they were trying to sell this technology to TV/Film content providers they were met with resistance since it would have meant abandoning their own infrastructure. Zoo therefore entered the localisation market themselves. The company has gone sideways for a number of years, with a large chunk of their work historically being on DVDs/Blu-rays. Last year (year ended 31 March 2017) their fortunes began to change due to the change in the landscape for localisation work.With the move from physical distribution channels (DVD/Blu-ray) to digital distribution channels (Netflix, iTunes etc) it is now very easy to make content available throughout the world on already established digital channels. Whereas previously content providers would want their DVDs translated into a handful of languages, there is now the demand to translate content into 50 or more languages (including large back catalogues). Zoo is well placed to benefit from this demand. Apple selected Zoo in February 2016 as an iTunes aggregation service provider for TV series and, in May 2016, Zoo was awarded approved vendor status by Netflix.The company recently had a placing to raise funds to allow it to meet the increased demand (at the expense of large dilution for holders).I've set out below turnover for the last few years to highlight the increase in 2017 (which was mainly attributable to an increase in H2 2017):2012: 11.2m2013: 10.4m2014: 9.6m2015: 11.5m2016: 11.6m2017: 16.5m(results are in USD)The use of cloud based software means Zoo's offering is very scalable. The largest additional cost from increased subtitling work is translators' time. Zoo uses a pool of thousands of freelance translators. These translators are not employed and represent a pure variable cost.Due to operational leverage the $4.9m increase in turnover in 2017 (41% increase) led to a more marked percentage increase in profits with EBITDA increasing from $156k to $1,769k and profit after tax increasing from a loss of $787k to a profit of $791k which gave eps of 2.42c.Current tradingThe current year to 31 March 2018 has started strongly. The final results for last year released on 27 June contained the following statement:'The improvement experienced through the second half of the year has carried on into the new financial year and the current pipeline of work is considerably stronger than at the corresponding prior period.'The company also has a ticker on its website that counts the cumulative number of subtitles created and stored for customers:hxxps://www.zoodigital.com/services/localize/subtitling(scroll down)In the last year to 31 March 2017 Zoo added 55-60m subtitles. The increase in the ticker figure has accelerated markedly in recent months and will have increased by over 60m in the first half of the current year. Quite how this translates into extra revenue and profit is unknown at this stage but I'm hopeful that profit after tax will increase substantially from last year.DubbingThere are other companies that offer similar subtitling services but I don't believe there is anything similar for dubbing. Zoo has been working on a cloud based dubbing system and will launch it at the IBC 2017 conference later this month. It is this technology (which the company calls Zoodubs) that could disrupt the dubbing industry if successful. Some more details:hxxps://www.zoodigital.com/news/zoo-brings-cloud-based-dubbing-to-ibcAccording to research in June 2017 from the Media & Entertainment Services Alliance (MESA) Europe, the total Europe, the Middle East and Africa market in 2016 for entertainment localisation (subtitling, captioning and dubbing) was estimated at around $2 billion, with 70% of that attributable to dubbing services. The market value is forecast to grow by 8–10% per annum.The dubbing market is very fragmented and I've been told the top 4 providers only account for 20% of the work.Zoo is a very small company (£20m market cap) and Zoodubs is very ambitious for a company of this size. I've been told Zoodubs has been well received by Zoo's clients and will be progressed slowly so that Zoo can ensure quality control (but some revenue is expected this financial year to 31 March 2018). Zoo has spent some time building up a network of voice talent and dubbing directors (again all freelance). This is a work in progress initially focusing on core languages and will be built up over time.Zoodubs won best in show at NAB 2017 and ZOO was also named as one of the top ten innovators of 2016 in a report that surveyed international entertainment industry professionals. (Not being an industry expert I don't know how prestigious these awards are):hxxps://www.zoodigital.com/news/zoo-digital-wins-best-of-showhttps://uk.advfn.com/stock-market/london/zoo-digital-ZOO/share-news/Zoo-Digital-Group-PLC-ZOO-named-one-of-the-top-10/73754559SummaryThe share price has had a great run over the last few months and the company is now valued at £20m. I think Zoo is in the right place at the right time for localisation work and has a potential company maker in Zoodubs. That said, I am far from being an industry expert for localisation work and know that a little knowledge can be a dangerous thing. I'd appreciate any comments or criticism people have on the company and thoughts on the current valuation.The company has its AGM on 25th Sep and there is normally a trading update. This year 'following the formal business of the AGM the management team plans to give a detailed review of the business and the environment in which it operates, including demonstrations of its cloud computing platforms. The meeting is open to shareholders and non-shareholders alike.' Unfortunately the AGM is in Sheffield but I am still attending and look forward to seeing the technology in action.I'd also be keen to hear of any other company that have a disruptive technology that will transform their fortunes.A few other points:*Existing shareholders saw large dilution in the fundraising (number of shares more than doubled) and some shareholders sold. I bought after the fundraising.*Whilst Zoo's software seems well liked by local translators there are some reviews online (glassdoor etc) by local translators that complain of slow or non payment.*The recent award of share options to directors was excessive imo.
21/8/2017
08:27
martina pescatore: I would fully expect a continual rise in the share price over coming weeks and months, along with some shaking of the tree for nervous and short term holders. However, the general direction of travel for the share price should be upwards as long as the company continues to (rapidly) grow. The uplift in the share price could be very substantial, imo, as per my previous comments on my share price target and others' targets too. All we need to do is hope that the company continues on its growth path. However, the share price won't go up in a straight line, it never does. NIA and DYOR.
31/7/2017
15:14
martina pescatore: A new item of news on the zoo website today, but dated Tuesday 18 July 2017 for some reason, stating that Zoo will be showcasing Zoodubs and Zooscreen at the forthcoming IBC 2017 show. Now I don't suppose that they would be showcasing it again at another event/show, if the industry wasn't likely to be receptive to them. In the news item Zoo also indicate that they will be showcasing a new cloud-powered scripting service. Could this be named Zooscript by any chance. Anyway, it appears to be another demonstration of innovation in the industry and another potential revenue stream for Zoo. Zoo should be able to benefit from cross selling these various innovations to existing clients, whilst such innovations will also likely attract new clients. No guarantee of course, but gives a better view of potential for growth this year, next year and in years to come!!! All of this growth would be organic from its own R&D and sales teams of course, without expensive and dilutive acquisitions. As regards any potential takeover price levels, as per discussions above, I do hope that there is no such attempt in the near future at sub 45p. I am of the opinion that the growth trajectory that Zoo appear to be on, along with some added positive comments on sales/adoption of new products (i.e. Zooscreen, Zoodubs, etc.) at the interims due in November 2017, or in a TU before hand, or at the AGM statement in late September 2017 (?) then a share price in excess of 90p less than one year out is not unrealistic based on multiples of peer companies in a similar sector. Then we have the hope of further growth from then on... NIA and DYOR
20/4/2017
05:55
martina pescatore: I also reckon that the BOD at Zoo were caught on the hop by the YMagis purchase. Ignoring this acquisition of circa 9% of Zoo, the share price was stubbornly stuck at around 10p per share for many months and moved from 9p to 11p or thereabouts. Raising money at 9p, getting cash in the bank and valuable working capital for selling new products and further developing new products, and reducing borrowings and therefore interest payments. Okay, the number of shares in issue will double and some, but I reckon that the chances of survival, success and good share price growth have also doubled and some. I have held Zoo shares for years and I accept that my large holding for me will be diluted. However, I am far happier with where the company are now and where they appear to be going compared to where we were three, four, six and twelve months ago. Even with circa 75M shares in issue, and a mkt cap of £7.5M at 10p per share, there is clearly good share price growth for investors and as I have indicated above, although the multi bagging possibilities may be reduced, the chances of multi bagging have IMO increased. In addition to all of this talk about the placing and shareholder dilution, and the business growth possibilities and share price growth possibilities, we also have the YMagis purchase to remember. One should not discount this acquisition to lightly IMO. Have YMagis seen things that the market had otherwise not seen, but many commentators on this website were talking about quite readily over the last few months. I don't think that the BOD have "screwed" shareholders at all. I accept that if I had just bought shares in Zoo speculatively in the days prior at between 11p and 20p then I would be kicking myself but I don't think it is fair to blame the BOD for this. Talk about the BOD "screwing shareholders" is nonsensical IMO, as shareholders can still buy the shares at virtually the same price as the placing and any difference in price now could seem very "non material" in time to come if the company grow as we were talking about just a few weeks ago. Personally, I am more than happy to hold and add at close to 10p. NIA and DYOR
12/4/2017
18:25
martina pescatore: Bakunin Reflecting and looking back at the timings of the announcements of last week, it is in my opinion highly likely that: 1. Zoo BOD were advised to get a statement out by their advisers due to the material movement in the share price, although the company did not specifically mention the share price movement of the day in the TU, suggesting to me that they may have planned to release the TU anyway. Also, remember, the TU was due in April anyway, so they could get away with the TU and not mention the share price movement, in my view. 2. Zoo BOD were keen to get the fact that they are sorting the working capital issue into the market and were caught on the hop a little by the 9.185% acquisition from YMagis. 3. the TU really contains no new information that we didn't already know from the January TU, apart from the final revenues figure at $16M and APART from the statement "The Company is in discussions with potential new investors and existing shareholders with respect to a placing of new shares to raise between £1 million to £2 million at a discount to the current share price. The proceeds from the placing of new shares would be used to strengthen the Company's balance sheet, allow the Company to capitalise on the progress made in the past year and to take advantage of new market opportunities, including its dubbing service.". However, if one looks back at the January 2017 TU and if one is honest, the usefulness of extra funds to the company was clear then and for a publicly listed company, placing is a good way to go for it. I don't particularly want any more debt on the company. looking back, the placing isn't too much of a surprise really, IMO, but I would naturally like the price to be as high as possible. I personally don't expect YMagis to in on the placing, just iis, like Katie Potts' HIT. they could take a fair share and not hold too large a share of the enlarged shares in issue. I guess we will find out soon enough, but I don't think that the Zoo BOD are in bed with YMagis on this, at all, whoever it was that suggested that "they might have done a deal".... If YMagis want zoo, as they very might, then if zoo are in a stronger cash position, this is much better from a Zoo shareholder perspective, as the company can fend off unwanted undervalued bids. NIA and DYOR
07/4/2017
07:49
martina pescatore: Zoo Digital have just exhibited at MIPTV (3-6 April) in Cannes, France. I fully expect that YMagis were there also. I wonder if Zoo's secretive new product (keep your ears peeled, they said) which was available as a sneak peak in Cannes, was of interest to YMagis. This acquisition by YMagis of 9% of Zoo shares on the 4 April and announced on 6 April could have been any number of things, including: 1. A precursor to a full acquisition for bolt on growth for YMagis (they have done much of this previously/recently)? 2. A defensive move to take out a competitor (or take on its products) who is going to cannibalise your own sales? 3. A long term strategic acquisition to build partnering relations for sharing technologies and skills? 4. A stake building/holding to prevent another from taking it? Any other ideas? Personally, I would expect any full bid to be way north of 48p per share which with 32.661M shares in issue = £15.68M mkt cap, plus buyer would take on debt of say £5M I think), therefore total price = £21M say. Zoo have T/O of circa $14M (£11.6M) I reckon for the full year to end 31 March 2017 so bolting Zoo to YMagis could make sense for YMagis at this price and they get the new products with ??? growth potential for nothing? but Zoo seem to be about to become profitable, therefore 48p could prove to be a very low price (IMO) in an years time. I don't expect Katie Potts (HIT) or Stuart Green (CEO) to undervalue the growth potential of the company though. Therefore, to truly value Zoo we need to know the growth potential and then recalculate. As an aside, I remember about three or four years ago an American company tried to bid for AMS (Advanced Medical Solutions) which I held and still hold. From memory, AMS share price was circa 70-80p at the time and the bid came at about 100-110p per share, so I was very pleased with this uplift. However, AMS Directors fought it and they and shareholders won. The bidder backed off and went away and the share price dropped back to 80p levels I think. However, year on year and half year on half year, AMS has continued to innovate, develop product and bring product to market, sales and profits have continued to grow STEADILY (circa 20% YOY), and the share price is now 250p. boy am I glad we didn't take the money from the bidder as it wouldn't have reflected the value in the potential growth of the business. NIA and DYOR.
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