Covid has had a significant bearing on results, as reflected by H2 sales of £7.3m (PY: £14.8m). As a media company (where the entire sector has been influenced by lockdown measures and budget pressure) results are no surprise however. By contrast, we’re more interested in how ZIN is making visible and meaningful progress towards profitability (expected in 2H21) and in-turn, scalability. With a £5m EV, we think very little of this potential is ‘priced in‘. Consequently, we continue to see ZIN one ....
18 Sep 2020
Covid impacts results, but longer-term plan remains on track
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Covid impacts results, but longer-term plan remains on track
Zinc Media Group plc (ZIN:LON) | 77.5 0 0.0% | Mkt Cap: 17.6m
- Published:
18 Sep 2020 -
Author:
Harold Evans -
Pages:
3
Covid has had a significant bearing on results, as reflected by H2 sales of £7.3m (PY: £14.8m). As a media company (where the entire sector has been influenced by lockdown measures and budget pressure) results are no surprise however. By contrast, we’re more interested in how ZIN is making visible and meaningful progress towards profitability (expected in 2H21) and in-turn, scalability. With a £5m EV, we think very little of this potential is ‘priced in‘. Consequently, we continue to see ZIN one ....