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Zoo Digital Technology with a market set to grow strongly
dispenser - Thu, 22 Dec 05 :
Macca,i think that Zoo agree with you. Zoo are regularly update with sales figures from the clients that use their DVd middleware, but they do not want to dissappoint people by issuing over optimistic sales figures and over estimating royalty figures, so ther chose to say nothing about sales. It is similar to Bioprogress, the previous chairman issued widly optimistic statements, to meet share preformance targets, when things did not happen the share price crashed from +130p to 70p. new management took over and cleared the decks, issued warnings and reviewed the business and there has been very little news, when good new was issued the share price went from the lows of about 28p to 58p and Bioprogress if still not profitable. Given the current note that is being circulated a p/e of 4 for year 2007 is rediculous for a compay in a radiply expanding market, so there is plenty of scope for a rapid rise in the share price. The chart for Bioprogress also looked very bad before news was issued. i should think that we only need to wait one month for Zoo to give us some very good news
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