Zinc Media Share Discussion Threads

[kmann] 28/9/2018 07:45

unFair enough, this one does look different! (with new to come to prove it)Thanks

[michaelmouse] 28/9/2018 06:57

kMann I haven't researched Zin in any depth that's true. My comments are based on my experiences with DCD Media. I'm not a fan of this sector. Others may feel differently.

[kmann] 27/9/2018 20:39

mm, you say you havnt seriously researched zinc, so if you think this is JUST a name change from ten alps your wrong, a lot changed since, and even more to come. new management are addressing margins, and broardening content. They are setting up for the new svod age of tv.

some of their most recent productions have proved highly visible and popular, and some due for recommission. see latest rns'. good order book too.

"Significant commission wins over the last few months, to be delivered in the current financial year, provide a strong TV order book which currently stands at £14.5m, 85 per cent higher than at this stage in the previous financial year"

lets see how this runs

i'll check out immedia

[michaelmouse] 27/9/2018 17:32

A few thoughts but DYOR.

[kmann] 27/9/2018 16:30

Well, if that US deal rns lands tomorrow/next week, you just missed a great opportunity to buy cheap today!

[kmann] 27/9/2018 16:03

Maybe not required with several million in the bank and intensified revenue so far this year, should be enough revenue to proceed. Maybe if they make an acquisition.

"After making enquiries, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its consolidated financial statements."

[mick sturbs] 27/9/2018 16:01

I hope it won’t go that low surely clocktower, that would value the business at about 3.5million. I think there’ll be strong support way above that level. I’m sure we are at the bottom now around .045. This is purely a punt now and bottom drawer stuff for me, just gonna wait it out and wait for us to sell out, which hopefully is still the strategy.

[clocktower] 27/9/2018 15:41

If they raise money, will it be at around .25 or do you think they might be able to do it at .30 ?

[kmann] 27/9/2018 15:39

Firms ALWAYS overpay, (unless its in distress) and the cost is spread over years, but long term it depends what plans new management have in store, and how they plan to realise a profitable return on that investment.

BBSN showed how the right deal can transform a companies fortune.

If the US deals come good then the price they paid for TERN will look cheap, so +0.9p possible providing the right network names in the frame.

Plenty of corporate action with sky/comcast show this is a high stakes game, and the sums involved make this look like chicken feed!

[clocktower] 27/9/2018 15:22

MS - I never gave advice, all I said was Beware.

At least BBSN is moving ahead again - .

I just cannot see the share price moving above .55 for some time at best.Seeing the bid drop to .42 there must still be a seller, and maybe a lot more to unload.

As for Tern, they did over pay imo - hence things being where they are now to some degree but it seems it is turning out to be the saviour, however that does not alter the fact that they overpaid raising money at 0.9 to fund it.

[kmann] 27/9/2018 12:25

I'm thinking of the make once, distribute many times model, similar to software "To drive higher margins, we are more focussed on a 'returnable format' strategy. This means that we are developing programme ideas in more popular genres, which have the potential to become returnable formats which generate continued recommissions, format sales and higher international distribution revenues"

[ukdannyboy] 27/9/2018 11:40

I think the share price has held well considering but still think this is a case of hold and hope rather than there being anything obvious to wait for. I can’t see international revenue being ‘ultra high margin’ but hopefully they can pull something out the hat over the next year. It would be exactly that though.

[kmann] 27/9/2018 10:29

Lets see what deals they come up with in the US, that will add to current orderbook AND give some visibility for the future as they are now operating a renewable program format and selling more internationally (ultra high margin).

[mick sturbs] 27/9/2018 10:23

Ukdanny, that’s a glass half empty view and that’s fine as there are always two ways of looking at things but don’t forget, there are opportunities on the horizon with international broadcasters which could make a big difference to bottom line here this financial year, and domestic order book already looking very strong too. Don’t get me wrong I was nearly about to push the sell button this morning but thought I’ll let it ride, bit of a punt really. If the rest of my portfolio wasnt doing so well I might just have sold.

[ukdannyboy] 27/9/2018 10:15

I personally don’t see much merit in existing holders keeping for now but if they do then I’d certainly have spare cash and be prepared should an open offer come (I don’t think it would be a major surprise if they did). That said, the biggest worry for existing shareholder should be the margins. Despite a £20m+ turnover they couldn’t even break even. How much money does the company need to generate just to see even a small profit? Cash burn is pretty high too. I can see very little value here to attract new investors in short, medium or long term. The lack of volume on this news is worrying, it seems like people would rather just hold and hope than sell up but as I say, nobody willing to buy at this price on this news. Boredom and better opportunities elsewhere will only push this lower in the long run.

[mick sturbs] 27/9/2018 10:04

With the greatest respect clocktower, you have called it wrong so many times on here, I dont think you should be giving out advice. Weren’t you the one telling everyone for weeks that the Tern acquisition was a very poor move?

[clocktower] 27/9/2018 09:42

UKD was right and having got it wrong myself, reading the accounts, I do not think the bottom has been reached yet:

This statement suggests to me they will be raising more cash soon:

"Current liabilities also includes £0.75m which is the first year earnout consideration payable to the former Tern Television shareholders which is payable shortly."

Not a pretty picture at all and it seems insiders were buying shares a few months ago to support the share price and give the impression all was well, let alone the positive order RNS issued over time.

Beware!

[kmann] 27/9/2018 09:41

Mick, if i didn't believe in management and read the order book statement (I already knew the orderbook was strong) I would have dumped. I'm going to follow the events here and act accordingly, this could be a monster long term.

[mick sturbs] 27/9/2018 09:29

That’s a refreshingly positive point of view kMann. Also looking at the sp, it appears a set of lacklustre results might be have already been priced in. Perhaps this might be the bottom.

[ukdannyboy] 27/9/2018 07:54

It was actually quite predictable given the amount of shares being offloaded recently. As I predicted, someone tipped the wink on how this was going to go. You just hope those looking for a quick exit today manage to get out at a reasonable price.

[clocktower] 27/9/2018 07:40

You were right UKD - disappointing to say the least. Time to cut ones losses and move on I expect.

Some you win some you lose.

Good Luck.

[nextlink] 27/9/2018 07:40

So they have still failed to get a grip on Reef.
This Management appears to always be a couple of years
behind events.
Reacting long after events.