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ZTF Zotefoams Plc

383.00
13.00 (3.51%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zotefoams Plc LSE:ZTF London Ordinary Share GB0009896605 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  13.00 3.51% 383.00 71,794 16:35:26
Bid Price Offer Price High Price Low Price Open Price
381.00 386.00 389.00 371.00 389.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics Foam Products 126.98M 9.24M 0.1892 20.14 186.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:28:58 O 132 383.00 GBX

Zotefoams (ZTF) Latest News (5)

Zotefoams (ZTF) Discussions and Chat

Zotefoams Forums and Chat

Date Time Title Posts
19/4/202418:17Zotefoams with Charts & News2,168
07/8/201807:22Zotefoams (ZTF) One to Watch on Monday 2
31/1/201821:07Zotefoams - Take a look at what is currently OVERLOOKED1
14/3/200617:09zotefoam49
26/10/200200:45ZOTEFOAMS is looking a bargain. forward yld 10.88%-

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Zotefoams (ZTF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 16:29:17383.00132505.56O
2024-04-19 15:35:26383.007502,872.50UT
2024-04-19 15:29:42381.00220838.20AT
2024-04-19 15:29:12381.00830.48AT
2024-04-19 15:28:10381.001972.39AT

Zotefoams (ZTF) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Zotefoams Daily Update
Zotefoams Plc is listed in the Plastics Foam Products sector of the London Stock Exchange with ticker ZTF. The last closing price for Zotefoams was 370p.
Zotefoams currently has 48,846,234 shares in issue. The market capitalisation of Zotefoams is £186,104,152.
Zotefoams has a price to earnings ratio (PE ratio) of 20.14.
This morning ZTF shares opened at 389p
Posted at 19/4/2024 18:17 by james188
I know a bit about Design Blue (D30), because I invest in the ProVen VCTs (Beringea)and they took a significant stake in the company back in 2015 to support the expansion of its impact protection products and international growth - particularly in the US.

It was not a particularly successful investment for the ProVen VCTs and they sold out in September 2021 for a fairly modest (positive) return to Elysian Capital. I think that a US acquisition was always the most likely exit. I believe that the company is still based in Croydon and so it is a near neighbour to ZTF. We don't have any financial information in the RNS today, but it does demonstrate that ZTF is actively pursuing product development and not just concentrating on the ReZorce development project.
Posted at 23/3/2024 13:29 by tonytyke2
Yep, thanks for the presentation link, it does give a good indication of next steps with ReZorce and the potential market here looks staggering imo.

Stability testing soon, then if ok, mid May introducing the carton to trade press with the major partner announced. They have already been in contact with extrusion businesses re scaling production very quickly, but obviously will need significant external investment backing at this stage.

The size of the market opportunity for ReZorce is discussed around 62m 30secs in. Indicating worldwide market is 300 billion units yearly and if production just gets to 1 billion units, this would be close to the company size of ZTF today. I think he mentioned an aim for a 10% market share?? It does sound like imo, they will have major customers near straight away, when the product is hopefully set to go.

All options for the possible future business to be considered e.g. selling, licensing, joint venture/partnerships etc. All sounds extremely exciting/positive for the carton product imo, I still don't see any ReZorce development factored into the share price today, so a free carry really.

The next 3- 4 months could be major company changing for ZTF, keeping my fingers crossed. Good luck with your investments here.
Posted at 22/3/2024 13:27 by edwardt
anyone know if ztf foam is going into jordan shoes??
Posted at 19/3/2024 08:10 by someuwin
Singer

Zotefoams (ZTF LN) Record year with another exciting year ahead

Record year with another exciting year ahead FY23 sales came in at £127m (flat) with op. profit of £15.1m (+9%). Progress in the core Foams businesses has been remarkable (+23% op. profit) with profitability in Polyolefin recovering strongly and HPP going from strength to strength. ReZorce’s in-store market trial is imminent with 150k cartons currently being prepared for filling. Balance sheet leverage remains comfortable (1.2x net debt/EBITDA) and further progress on ROCE signals value creation (ROCE up 200bps to 14.2% ex ReZorce). FY24 has started strongly, led by Footwear, with 1Q24 group sales ahead YoY. FY24 forecasts are unchanged with small upgrades to FY25 (details in the note). Zotefoams should be a core small cap holding in our view. It is a unique business with sustainable long-term growth opportunities underpinned by high technical and sustainability credentials. ReZorce adds optionality to the investment case with further updates due very shortly. Our increased TP of 500p (from 480p) points to 52% upside. Core BUY in the sector.
Posted at 06/3/2024 15:54 by clocktower
Penetrating a market that is already well supplied is not going to be easy. How will prices compare, what is needed by ZTF to be able to supply the product in volume, if they can attract customers for this alternative product?
Posted at 06/3/2024 15:07 by edwardt
i know where my british isa is going. ztf all the way!
Posted at 05/2/2024 15:39 by pcok
So Schroders increase their holdings and as the RNS released share price drops. Even after 28 years of doing this PI thing I sometimes feel I don't understand anything. Obviously (to me) any big move in share price could be a leak re reZorce so feeling a bit twitchy. Nevertheless holding tight as a good share LTBH imho.
Posted at 18/1/2024 09:12 by someuwin
Singer Note:

Strong end to the year, c.5% PBT beat

A very pleasing update from Zotefoams with FY23 group sales expected to be £127m, in line with consensus expectations and, reflecting a strong end to the year, adj. PBT is expected to reach £13.1m (+5% YoY), c.5% ahead of our and market expectations. This has been driven by a significant step-up (+21%) in profitability across the foam business units (polyolefin & HPP) reflecting continued progress on mix enrichment, disciplined pricing and operational efficiencies. Ahead of commercial trials in 2024, further investment in ReZorce (fully recyclable & circular barrier packaging for beverage cartons) has led to a £4.1m loss which is consistent with our modelling. The balance sheet remains strong with net debt/EBITDA of c.1.2x. We think Zotefoams is in a good shape ahead of a key year and is one of our top stock picks for 2024. There are clear share price catalysts ahead including updates on the Nike basketball partnership and newsflow on the ReZorce trial. The valuation fails to reflect the group’s upside potential in our view. BUY, TP 480p = c.45% upside.

Excellent progress in foam – 2024 could be another exciting year

HPP sales increased 7% whilst Polyolefin sales dropped 4%. Segment PBT is up 21% overall to £17.1m reflecting mix, disciplined pricing and continued operational efficiencies. We expect this trading momentum to continue into FY24 led by the start of a new running shoe design cycle at Nike. This should support good progress in the road running & trail shoes category, helped further by 2024 being an Olympic year. We also expect further clarity on the basketball opportunity which holds the potential for significant additional volumes. FY24 could also see the long-awaited recovery in the aviation sector where Zotefoams’ lightweight foam solutions put it at a clear competitive advantage. Reflecting strong demand in the USA and to create a better balanced footprint, investment in a second low-pressure autoclave is planned in 2024 alongside increased warehousing space. This c.£10m project will be funded from existing cash resources. We have adjusted our FY24 debt forecasts by c.£7m to £34.8m to reflect this (1.3x net debt/EBITDA ex leases).

ReZorce in-market trials imminent

A FY23 loss of £4.1m is as expected, reflecting investment in Rezorce (a fully recyclable & circular beverage carton) ahead of in-market trials in 1Q24. Successful commercialisation of ReZorce could be transformational for the group – please see our September note for further details (click here).

Core BUY in Industrials sector

We use established sector metrics for EV/sales versus EBIT margin to determine a SOTP for the Polyolefin and HPP businesses based on forward running EBIT margins in each segment. We attribute a £10m value to the MEL business segment reflecting the costs committed to ReZorce (including capitalised development costs). This drives our TP of 480p, 45% upside.
Posted at 12/1/2024 12:13 by edwardt
Ditto - I think roce can get up to 15% in next few years. This should turbo charge the share price.
Posted at 29/12/2023 08:48 by redwing1
Clocktower, you are talking rubbish. As other posters say, you have no idea which Nike sales are down and I doubt it will be the premium end containing Zotefoam product. Growth prospects into sports like basketball still look fine. Other sectors such as aerospace are also recovering nicely and we have the bonus potential of Rezorce to come.

The share price move is mostly a widening of the spread rather than a fall and this stock is a BUY.
Zotefoams share price data is direct from the London Stock Exchange

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