Zinc Media Share Discussion Threads

[arthurdaley69] 25/10/2017 09:44

Share price is exactly where we all thought it would be on reading the RNS...exactly at the price of the placing.
Agree with the fees to do it looking hefty...another long slog for a recovery in the share price, but genuinely think they will be fine in the medium term.

[kryptonsnake] 25/10/2017 09:42

Good post atrthurdaley.

[kryptonsnake] 25/10/2017 09:40

Placings always incur a cost, and the share price usually drops to the placing price. Nothing to be concerned over.

The placing price could have been better. I guess we'll find out more details next month.

[clocktower] 25/10/2017 09:29

They might be doing what they said but take a good look at how much they are paying for Tern, and while they are raising around £3.5m Gross the Net is only around £3.15m - paying around £350,000k - 10% for the funds and advice. Not the best of deals imo.

So we will see if you need luck or not, I hope your right but the share price is not looking good is it?

[arthurdaley69] 25/10/2017 09:28

Hear what @clocktower is saying; ultimately there is often indigestion after a placing at a discount; just the way of the markets at the moment.
Eventually this over-hang will get mopped-up, and should start moving in the right direction; looks like it makes strategic sense. I know the BBC have a policy (as a public broadcaster) of having to offer production away from London and the South East which makes buying a regional operator a smart move.
Will be a slow-burn, and am sure there are more exciting plays in the AIM world (oil producers that never produce and miners that produce JORC's and nowt else), but this is a profitable company with a decent pipeline of pre-paid programs, and will be higher in the mdium term (imho).

[kryptonsnake] 25/10/2017 09:05

Exactly Mick. The management are just doing what they said they would. I trust that this is a good move. Lots of growth to come.

We don't need any luck here as we're an undervalued company with huge growth potential.

[mick sturbs] 25/10/2017 08:52

Management have always stated they intend to grow and grow quickly. This is a good start. I expect more acquisitions. Looks like a good move.

[clocktower] 25/10/2017 08:47

Paying to much for Tern,hence the placing price and although they expect it to be earnings enhancing the proof will be in the pudding but for now the share price looks like it will sit at or below its current level for some time I expect due to profit taking that will occur for those that funded the buy.

Good Luck if your holding.

[arthurdaley69] 25/10/2017 08:08

any thoughts?? seems to make sense? Obviously annoying re the placing level, but should be earning enhancing, and gives them some geographical diversity.

[arthurdaley69] 25/10/2017 08:04

Zinc Media Group plc

("Zinc Media" or the "Company")

Proposed Acquisition of Tern Television Productions Limited and proposed Placing of 389,603,280 new Ordinary Shares at 0.9p per new Ordinary Share to raise £3.5 million



Zinc Media Group plc, (AIM: ZIN), the TV and multimedia content producer, is pleased to announce the acquisition of Tern Television Productions Limited ("Tern"), for a total consideration of up to £5.45 million and an oversubscribed placing of 389,603,280 new Ordinary Shares in the Company (the "Placing Shares") at a price of 0.9 pence per share (the "Placing Price") to raise £3.5 million (before expenses) (the "Placing").

Highlights

· the acquisition of Tern, a profitable independent TV production company, for a total consideration of up to £5.45 million (comprising initial consideration of £2 million, plus £1.1 million for surplus cash and earnout consideration of up to £2.35 million) to be paid partly in shares and partly in cash

· An oversubscribed placing to raise approximately £3.5 million at a price of 0.9 pence per share

· In the financial year ended 31 March 2017, Tern's turnover was approximately £5.3m with profit before tax of approximately £0.3m

Peter Bertram, Chairman, said:

"We are delighted to announce this key acquisition for Zinc Media and are delighted to welcome the highly regarded Tern Television team into the Company. We believe this acquisition will place us in a strong position to further expand and grow in an industry which is experiencing ever-increasing demand for original content, due to the rapid growth of connected devices and new TV platforms.

"By augmenting our business through acquisitions such as that of Tern, the enlarged group will have greater abilities to reach new markets, to establish strategic relationships with broadcasters and international commissioners and to produce innovative content.

"At Zinc Media, we continue to remain focused on operating a high-quality and respected business, maximising shareholder value. I look forward to updating the market on the completion of this acquisition in due course."

The Acquisition

Tern, established in 1988, is a successful profitable independent TV production company specialising in factual TV production. The company has key production bases in Scotland and Northern Ireland and typically produces over sixty hours of TV annually for UK broadcasters, including the BBC, Channel 4 and Sky 1, as well as international broadcasters such as Discovery, PBS and National Geographic Channels. It has won numerous awards including BAFTAs, Prix Italia, Royal Television Society awards and a Cine Golden Eagle. Tern has a profitable track record and reported an increased turnover of approximately £5.3m in the financial year ended 31 March 2017, up from approximately £4.4m in the year ended 31 March 2016.

This Acquisition is another pivotal step in Zinc Media's buy and build strategy as it looks to satisfy the high demand for content, and to consolidate the fragmented independent TV production industry by targeting attractive and profitable companies in the UK and internationally.

[mick sturbs] 23/10/2017 16:35

Yep, nice finish.

[clocktower] 23/10/2017 16:23

Decent sized buys, on the back of being tipped or hint, hint something big about to break?

Next leg up on the cards?

[moormoney] 21/10/2017 10:25

At last zinc is getting noticed!!

[danboris2] 21/10/2017 10:00

ZInc tipped in Shares Magazine

[clocktower] 13/10/2017 12:58

So far a very disappointing morning, low volume another step down but at least we might be forming a higher base for another run forward, as next to nothing goes up in a straight line. I noticed that there was a trade of 500k late yesterday afternoon and a 200k buy at .0122 on the NEX site today.

Still,the larger sellers from yesterday might try buying a few back in I guess having turned a profit. We also now have a pretty large spread of 12.5%.

[clocktower] 13/10/2017 07:55

While the volumes jumped yesterday, total value was only around £100k but that RNS can only have been a smokescreen to hide the sudden movement and volume imo. We could see another big spike later today and news next week.

[mick sturbs] 12/10/2017 23:26

Can't see all that volume being for that. There is more to come from zin

[jon123] 12/10/2017 20:11

buy on rumour sell on news lol

[glennborthwick] 12/10/2017 19:45

Not sure that was worth an rns buy hey ho

[mick sturbs] 12/10/2017 13:24

What does L2 look like now clocktower?

[clocktower] 12/10/2017 12:13

On the face of it they seem to have taken over 1m at higher prices than what has been shown as buys, one can take from that whatever but until such time as considerably more trades are transacted, we might just see the share price settle and volumes steady once again for a while.

Still the sun beckons, so have a great day.

[mick sturbs] 12/10/2017 12:04

Clocktower, i think you could be right about a large delayed order being filled in background. We've seen a good rise this week on very little volume (other than today of course) Looking very good here imo

[clocktower] 12/10/2017 11:29

MS Yes I have L2

[mick sturbs] 12/10/2017 11:28

Seller cleared yet clocktower? Have you got level2?