ZIM results on a going concern basis

This has got to be one of my tips for 2004. ZIM is a tiny company that has only ever raised £1.2m and yet has already brought one innovative product, redeye, to market partnered by one of the worlds leading distributors of medical devices, namely Baxter. Sales of £1m are expected for this product by 2005, and could be much more. Believe the company are looking at 60% gross margins. Sales should grow at 20%pa.

BUT... the really sexy story is in the syringe drivers. This is a market worth $1billion pa, and ZIM are about to launch 3 products into this market, again partnered by world leading healthcare device companies. No deal has yet been announced, but am told the first of these could be soonish, and the other two within four months or so. Sales of some £2million each, yes..each, are expected from these 3 products.

So people, see why its one of my shares of 2004? We could be talking £7 million of sales by2005 at 60% gross margins! It is not impossible for ZIM to make £3 million profit two years out against a current market cap. of £3.5m!!