Zoo Digital Group (ZOO)

Sector:

IT Services

Index:

FTSE AIM All-Share

35.40p
   
  • Change Today:
    -1.00p
  • 52 Week High: 197.50
  • 52 Week Low: 21.75
  • Currency: UK Pounds
  • Shares Issued: 97.86m
  • Volume: 1,390,722
  • Market Cap: £34.64m

Zoo Digital interim revenues on the rise

By Iain Gilbert

Date: Monday 23 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Software services provider Zoo Digital said on Monday that interim revenues were expected to be at least $25.0m, a 51% year-on-year improvement.


Zoo Digital stated growth during the first half of the year was predominantly to its provision of services to support the migration of catalogue titles to streaming platforms and associated new territory launches.

The AIM-listed firm added that in recent weeks, some customers had placed orders relating to new titles following "the cautious resumption" of productions within the industry, with the group now anticipating that the associated pipeline of work will build "gradually" over the coming months.

Elsewhere, Zoo Digital said it had been in discussions with holders of its unsecured convertible redeemable loan stock instruments concerning early conversion into new ordinary shares of 1.0p each ahead of the instrument's redemption date of 31 October.

"Based on these discussions it is the board's expectation that a majority of the total value of the loan stock will be converted into ordinary shares prior to 30 September," said Zoo.

Assuming the full value of the loan stock is converted, the effect will be that the company's issued share capital will increase by 5.3m new ordinary shares and that current liabilities shown in the consolidated statement of financial position at the end of September will reduce by approximately $3.5m due to the conversion of the loan and a further $4.5m due to the elimination of the current liability shown as a separable embedded derivative linked to the loan.

As of 0850 BST, Zoo Digital shares were down 3.19% at 136.99p.

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ZOO Market Data

Currency UK Pounds
Share Price 35.40p
Change Today -1.00p
% Change -2.75 %
52 Week High 197.50
52 Week Low 21.75
Volume 1,390,722
Shares Issued 97.86m
Market Cap £34.64m

ZOO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.07% above the market average8.07% above the market average8.07% above the market average8.07% above the market average8.07% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Price Trend
76.23% below the market average76.23% below the market average76.23% below the market average76.23% below the market average76.23% below the market average
80.85% below the sector average80.85% below the sector average80.85% below the sector average80.85% below the sector average80.85% below the sector average
Income Not Available
Growth
82.00% above the market average82.00% above the market average82.00% above the market average82.00% above the market average82.00% above the market average
84.09% above the sector average84.09% above the sector average84.09% above the sector average84.09% above the sector average84.09% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZOO Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:36 40,000 @ 35.50p
16:35 23,391 @ 35.40p
16:35 2,848 @ 35.40p
16:35 543 @ 35.40p
16:35 20,000 @ 35.40p

ZOO Key Personnel

CEO Stuart Green
CFO Phillip Blundell
Chair Gillian Wilmot

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