Well, after a drop of 13%, zoo holds on with a 9% gain today. The question is, when is the next big news due? It took around 2 months to surge from 8.5 to 17+ so will we have to wait that long again?

Citywire - Thursday paper tips
Thu 23 October, 2003 08:51 BST
Updates:

* Sell Toad Group - Zoo Digital (or hold) - Croda International - Newcastle United

Bit of a down day today, bit of ramping needed))))))))))

Ramp, ramp, ramp - that should do the trick!

Can somebody explain the latest news on Zoo!!

Well it seems to me that on Tuesday they are going to issue more shares totalling 10% of the current number of shares. I presume it means we can expect a roughly 10% drop in the value of our existing holdings in the short term which, in fact, is about what we've seen today.

Shouldn't make any significant difference to the longer term prospects which will be dependent on good operational news and, eventually, profitability.

I just hope they don't keep making new issues the way GXN have been.

Thanx dclinton. The shares have not been issued yet so does that mean a further 10% drop next week!

I think the calculation is a little wrong, issuing a little over 2million shares to give a total of 224million shares is not an issuance of 10%.

It is a lot less. The drop probably has more to do with the meteoric rise, traders and the top-slicing of holdings by some of the institutions.

It is however likely that at some point next year they will raise more capital, by issuing more shares.

yng

yngam - you're right. 222m shares in circulation already. Issue is only about 1%.

The drop is simply bringing the price back down into the three and six-month trading ranges. Looking at the charts a similar peak happened in May and then it settled back in the same way.

azhar - it seems to me that the market largely factors these things into the price when announced. Otherwise if people knew there were a dilution coming the opportunity for arbitrage would be too great. I might expect a second drop of some kind at the time of the issue as people who missed the first news figured out what was going on. However, it's all academic in this case as I got the wrong figure for the number of shares in circulation. Remember, DYOR and don't rely on others to read the numbers correctly :-)

Not an everyday sight but happen to notice...Yes -

..Zoo Digital looking lovely I might add this evening...current levels of price looking attractive again... will delve in tmorrow at 11.5p...target short term potential would be
15p-20p this month.

does anyone know NMS on ZOO?

Ta..

Jules99..

Waiting for it to bottom out so that I can average down. Originally bought at 21p

holder of stock and have been all summer, read up on this and then bought after write up in shares didn't sell on recent high....never mind can't win them all. Web site looking better every month.. i think a trading statement will come out soon... and placing confirmed in jan....share mag will rave about this stock again jan or feb and new contracts will follow...the only thing is.. no matter were i go, i can't find there stock anywhere in the shops, However as shares mag stated this has a very good chance of reaching its listing price....which sounds nice?

Did Virgin Meg Stores advertise "Who wants to be a millianaire" on tele

Virgin Megastores have been advertising the football DVD.

New holding this Zoo digital, but I see the potential...hopefully you fellas will keep us in the light...

Ta Jules99.

A good Upward movement today. Anybody know if there is a reason why?

Hopefully the start of another surge like the last time

they were mentioned today in shares mag, and i think there is optimism about the outcome of tomorrows egm.
regards jules

Still a long way off my buying in price 21p.

azhar,
me too. but i still think zoo will do well in the long term now that the patents are in place.

skids
www.marques-bros.com

Zoo Digital Group PLC
12 December 2003


ZOO Digital Group plc ('the Company')


Immediate Release 12 December 2003


Result of Extraordinary General Meeting ('EGM')



The Company is pleased to announce that at its EGM held today, the resolutions
put to shareholders were duly passed. As a result, the placing detailed in the
circular dated 19 November 2003 has been completed, subject only to admission of
the new ordinary shares to trading on the Alternative Investment Market of the
London Stock Exchange. Dealings are expected to commence on 17 December 2003.



Ian Stewart, chief executive officer of ZOO Digital, commented:



'I am delighted by the support from investors during the fundraising for what is
a very exciting opportunity in the fast growing DVD market. We can now look
forward to establishing commercial teams in the United States and Europe and to
launching our first DVD Software product, DVD-Extra Studio, in North America
during April 2004 with a professional infrastructure to support key customers.



Through working closely with key companies in the Film and Video, Multimedia,
Corporate and Educational sectors on our Early Adopter program we have clearly
established that our tools allow customers to create complex interactive
DVD-Video content far more quickly, more reliably and more cost effectively.
Indeed it is now also possible to create interactive content for use on standard
DVD players that was previously not commercially feasible to create.



The funds raised put us in an excellent position to exploit our unique
technology worldwide over the next 3 years.'





The ordinary shares referred to above are ordinary shares of 0.2p per share and
the total number of ordinary shares in issue following the placing will be
279,030,330.


Further enquiries:

Ian Stewart, Chief Executive Officer, ZOO Digital Group plc 0114 241 3700

Robert Deri, Chief Financial Officer, ZOO Digital Group plc 0114 241 3700

John Llewellyn-Lloyd, Noble & Company Limited 0207 367 5600



END