Zinc Media is an AIM listed TV production and multimedia communications content business which is focusing on becoming one of the UK’s leading independent factual TV producers.
Over the past two years Zinc has restructured its operations via the appointment of a new senior management team, closure of loss making publishing operations and restructuring of debt. The corporate strategy is now focused upon growing the business, organically and by acquisition, into one of the UK’s leading independent factual TV producers.
Based on recent industry transactions we set an end 2019 fair value price target of 1.32p per share, 60% higher than the current price. We see this as a base case scenario, with potential for further value to be derived. We therefore initiate coverage of Zinc Media with a Conviction Buy stance and a 1.32p price target.
23 Nov 2017
Zinc Media - Initiation of Coverage
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Zinc Media - Initiation of Coverage
Zinc Media Group plc (ZIN:LON) | 77.5 0 0.0% | Mkt Cap: 17.6m
- Published:
23 Nov 2017 -
Author:
Richard Gill, CFA -
Pages:
23
Zinc Media is an AIM listed TV production and multimedia communications content business which is focusing on becoming one of the UK’s leading independent factual TV producers.
Over the past two years Zinc has restructured its operations via the appointment of a new senior management team, closure of loss making publishing operations and restructuring of debt. The corporate strategy is now focused upon growing the business, organically and by acquisition, into one of the UK’s leading independent factual TV producers.
Based on recent industry transactions we set an end 2019 fair value price target of 1.32p per share, 60% higher than the current price. We see this as a base case scenario, with potential for further value to be derived. We therefore initiate coverage of Zinc Media with a Conviction Buy stance and a 1.32p price target.