I must say that reading the other thread, just about all the sensible coimments come from the bears. If all the bulls can come up with is absolute utter nonsense about t3, t4 and t5 then no wonder there's not much uptake. And the crap about zoo having lots of cash at the interims, rofl, it's there in black and white that they had little!
I'm happy to hold. The cash situation isn't a worry due to the amount owed to them £6m, and that from a period of very low sales. The H1 loss wasn't anything to worry about, because workign capital requirements increase alot as a company expands, and there is a delay between expenditure and the receipts from that expenditure. One cost is the advanced publishing cost, necessary to get games on retailers shelves. All taken in H1, yet the benefits accruing at this moment, therefore appearing in H2.
Forget about des licence income, unless you are looking a couple of years ahead - at that time, licence income will be higher, yet costs minimal. It may cover the very high (higher than i expected) and singular des costs this year at best - it's a red herring. The cash to go from a £2m h1 loss to a profit on the year will come from the publishing division, specifically games like wwtbam and the two others which zoo either have developed, published or both. Just one big hit there is all that is needed, and wwtbam is doing the business there (and it is so obviously all in h2, with all the costs in h1).
But don't expect the price to follow the prospects - spreadbetters moving in and out will ensure it doesn't (which may be a good thing or bad thing depending what they do next).
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