Zinc Media Group (ZIN)

Sector:

Media

Index:

FTSE AIM All-Share

 77.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 112.50
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 22.77m
  • Volume: 482
  • Market Cap: £17.64m

Zinc Media expects better than forecast revenues following lockdown

By Iain Gilbert

Date: Monday 27 Jul 2020

LONDON (ShareCast) - (Sharecast News) - TV and multimedia content producer Zinc Media said on Monday that it had experienced continued good progress on its transformation plan and better than previously forecast revenues since Downing Street's coronavirus-related lockdown.
While Zinc said £2m worth of TV production had been halted as a result of Covid-19, the group said previously paused work was now resuming faster than initially forecast.

The AIM-listed group added that it had won a further £2.7m of new business since 21 May and had implemented a programme of permanent cost reductions, generating savings of £700,000 per year compared to pre-Covid-19 levels.

Revenues between July and December were also now expected to be better than forecast.

Chief executive Mark Browning said: "With TV production activity resuming and stronger sales in June in our new Zinc Communicate division we are in a better position than we had anticipated two months ago.

"There remain significant challenges ahead, and forecasting is exceptionally challenging, but we continue to win new business, improve our margins, attract new talent, and reduce our costs. The changes and improvements we said we would make in our transformation plan are firmly on track."

As of 1030 BST, Zinc shares had surged 24.29% to 52.82p.

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ZIN Market Data

Currency UK Pounds
Share Price 77.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 112.50
52 Week Low 75.00
Volume 482
Shares Issued 22.77m
Market Cap £17.64m

ZIN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.42% below the market average39.42% below the market average39.42% below the market average39.42% below the market average39.42% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
36.57% below the market average36.57% below the market average36.57% below the market average36.57% below the market average36.57% below the market average
14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average
Income Not Available
Growth
28.99% above the market average28.99% above the market average28.99% above the market average28.99% above the market average28.99% above the market average
18.18% above the sector average18.18% above the sector average18.18% above the sector average18.18% above the sector average18.18% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZIN Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:43 482 @ 75.00p

ZIN Key Personnel

CFO Will Sawyer
CEO Mark Browning

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