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

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?