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By Malcolm Stacey | Wednesday 7 March 2018
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Five months ago, this tired old punter suggested you take a look at Zoo Digital (ZOO). Historically, this Sheffield outfit has been a big failure for me. Though I’m gradually clawing back my original stake.
The share is rising again this week. As I write, it’s put on 18% since Monday. There’s no news I can find to cause this bonanza. Neither is there much mention of Zoo on the bulletin boards. And that’s unusual for a multi-bagger penny share. When I first commended Zoo at the end of October, the share was 63p. Three months before that, it was only 15p. Today it’s 80p.
Zoo began by producing revolutionary DVDs for the entertainment industry. Since then, DVDs have been in decline but Zoo now concentrates on sub-titles for TV and movies. It should have a growing market. The more enlightened among us probably prefer Scandi crime to the British and American varieties. And there are lots of other foreign TV shows which are worth looking at. Not just by British audiences, but around the world.
The company is also in bed with a few Hollywood studios, though I’ve heard that the great American public doesn’t particularly like sub-titles. However, Zoo also does dubbing. The list of clients is not only impressive, it’s staggering. Here are few of them; Disney, Universal, Amazon, 20th Century Fox, Universal, Netflix, BBC, Sony, Warner Brothers and Apple.
Since 2013 at least, Zoo has been making losses. But back in March, it turned in a £500,000 pre-tax profit. That galvanised the share price, as did the buying of shares by some directors. So no hard facts to impart, gang, just the fact that the shares are rocketing. Those who believe the trend is sometimes more important than the fundamentals might want to give it a look. There is, after all, an amazing client list and those strong earlier signs of a turnaround.
And now it’s across to the Punter’s Return.
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