Post by
nozzpack on Jul 24, 2020 2:14pm
Another Very Strong Quarter...$0.015 /Share EPS
In Q3 , Zum had another excellent quarter, earning a record $1.1 million or 1.5 cents per share.
For the first 9 months of the year, Zum has earned $3 million or 4.6 cents per share.
Margins are way up and cash and cash equivalents have increased to $18.5 million (2.9. Cents per share ) with no long term debt.
Prorata for the full year, net earnings are on track for 6 cents per share which means that Zum is trading at just one times net earnings ...and this, with nearly 3 cents per share in cash.
Easily a $0.30 stock..
Comment by
nozzpack on Jul 24, 2020 2:41pm
Ebitda margin has jumped to over 23% or over 4 times higher. Ebitda should end the year at or above $12,5 m These resukts reflected the quarter ending May 31, so Zum has survived Covid 19 very nicely
Comment by
nozzpack on Jul 24, 2020 7:06pm
You will note that Darwin subsidiary was sold in June for $7.6 million. That sale will close in August, which will boost the cash positions to over $26 million. The current market cap is $33 million. I expect the radio subsidiary to be sold next, unless a buyer comes along to buy the remainder of the company.. Either way, the hard core upside here is humongous.