Keyword results: subtitling

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ZOO

Zoo Digital – from November “confident in the prospects” to now “significantly below expectations”. Uh oh…

I wrote on Zoo Digital (ZOO) in September (“confident in the prospects”, so why the share price slump? HERE), concluding, despite the shares then falling to circa 140p, that; ‘I thus suggest the valuation leaves no room for any disappointment – and remind that great valuations tend to lead to great disappointment if expectations are not met. Indeed, even if strong growth is delivered, since the valuation is so far from what is being financially produced, there is still significant scope for sentiment to see the shares lower. As such, currently a sell / avoid.’ The shares closed yesterday at 115p and today a “Trading Update”

ZOO
ZOO

Zoo Digital – “confident in the prospects”, so why the share price slump?

An AGM update from tv and movie subtitling and dubbing group Zoo Digital (ZOO) includes “we anticipate overall full year performance will be in line with expectations”. The shares have though responded to the update currently approaching 20% lower, at circa 140p. Hmmm…

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