This company has gone through a pretty torrid time since it was floated on AIM in 2006 at 24p. Is it out of the woods yet, I don't know, but some sort of recovery appears to be underway so I thought I would start a thread for interest. As always, please dyor !

www.zamano.com

Share price looking perky following that positive RNS.

Ticking up.

Interim Results for the six month period ended 30 June 2014

Highlights

· Sales of €8.718M (H1 2013 €9.019M) which was significantly ahead of the H2 2013 outcome of €7.015M.

· Gross profit for the period of €2.380M (H1 2013 €2.528M) reflected a healthy gross margin of 27.3% (H1 2013 28.0%). Although down slightly compared to the corresponding period last year, the small decline in margin is due to the alteration by zamano of its business mix in the UK.

· EBITDA of €1.218M (H1 2013 €1.421M) which is 2.5% ahead of the H2 2013 EBITDA of €1.187M.

· zamano has benefited from lower finance/interest costs during the first half of this year and as a result, both profit before tax of €0.964M (H1 2013; €0.984M) and profit after tax of €0.873M (H1 2013; €0.858M) effectively matched those recorded in H1 of the previous year.

· zamano continued to strengthen its balance sheet position, with cash at 30 June 2014 at €2.973M (€2.262M at 30 June 2013). The cash balances at 30 June 2014 adjusted for the increase in trade debtors are €3.758M, which comprise of balances due from mobile network operators.

Interim Management Statement

RNS

RNS Number : 5129A
Zamano PLC
22 December 2014
 


Zamano PLC
22 December 2014
 
 
zamano plc
 
Interim Management Statement
 
Zamano (AIM: ZMNO | ESM: ZAZ), the mobile payments and marketing company, today announces that it is now an approved direct carrier billing partner with Vodafone Ireland  and has successfully connected to Vodafone Ireland for Direct Operator Billing / Carrier Billing.  Zamano will now develop the required platform infrastructure to allow merchants to sell goods directly to Vodafone Ireland customers and process payments via direct carrier billing provided by zamano.  Vodafone Ireland represents approximately 43% of the mobile market in Ireland and zamano is in ongoing discussions with other network operators.  Zamano sees the development of our Direct Carrier Billing offering as a natural evolution to our business model.

In addition, Zamano's core business which is based on bulk SMS and SMS payments continues to perform well in a very competitive and highly regulated market resulting in ongoing growth in both revenues and profitability compared with prior year.  Zamano continues to look for opportunities to buy businesses on sensible valuations that are synergistic with our core assets and skills. 
 
Ross Conlon, CEO of Zamano plc, commented "Getting direct connections to Mobile Networks Operators' carrier billing systems is a key objective for the group. We are currently negotiating with other operators and look forward to getting other connections fully established in the near future.  We believe that user experience will win out with respect to payments on Smartphones.  Our strategy will be to build an Application Programming Interface (API) around our platform to enable our customers to access simple mobile payment systems.

Looking perky following the late RNS yesterday.

Thought I'd drag out this old thread and resurrect it. I hold a few of these, it's currently awaiting news of a possible offer at around the 14p level. Regardless of the possible offer, the company has been doing well, has plenty of net cash on the balance sheet, and looks very undervalued. Probably too small to attract much attention other than from PIs. Any other holders around?