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Zinc Media – “pleased to announce” some “good progress”… so why further share price decline?

“Zinc Media Group plc (AIM: ZIN), the TV and multimedia content producer, is pleased to announce good progress on its transformation plan during the current Covid-19 pandemic with £2.5m of new business won since lockdown began, and a growing pipeline of proposals which can be produced under social distancing rules, across its TV labels”. However… I previously concluded on the company that I continue to await its “pleased to announce” updates to show in the financials – and the shares have currently responded to its latest more than 5% further lower...

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Zinc Media – again an RNS it’s “pleased” with… but what about positivity showing in the financials?

TV and multimedia content producer, Zinc Media (ZIN) “is pleased to confirm that Mark Browning has joined the business as Chief Executive Officer… brings many years of leadership, experience and a clear track record of successfully managing significant growth in the TV production and media sectors and joins the company from ITN Productions, where he most recently acted as Group Managing Director”, with Browning seeing “plenty of growth potential in the TV businesses, both domestically and internationally, and through Zinc Media's digital arm”. Potential then, with the shares having sunk to 0.3p from towards 0.70p when I last wrote?...

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