08/05/2002
Zoo Digital has changed tack yet again. Originally launched onto Aim in March 2000 as 3D software developer Kazoo3D, the company transformed itself into a digital media consultancy just over a year later. Its management now describes the business as 'a provider of games and entertainment products'. Zoo's position in this arena has been strengthened through the £1.1m purchase of games distributor Digital Worldwide. The distributor holds rights over 13 Gameboy Advance and PC titles, including Grand Theft Auto 3, F1 2002 and the Tiger Woods PGA Tour. During its first 14 months of trading, Digital Worldwide restricted losses to £34,741. As for Zoo, the portents are now more encouraging than at any time in its past, but that is not much of an endorsement. In the year to December the company reported a £9m loss (£4.6m) on £724,000 (£1,000) sales, largely on account of a £5.5m write-down against the carrying value of assets. Although Zoo's latest reinvention marks it out as a company worth keeping an eye on, it is best to avoid the shares for the time being.
| Market cap: | £6.3m |
| PE Forecast: | n/a |
| Share price: | 4.75p |
| AIM | £1.84m |
8.62p
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| Other company articles: |
| 15/12/2008 |
| 07/10/2008 |
| 12/12/2007 |
| 21/04/2004 |
| 02/12/2003 |
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