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| 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
|
|
|---|---|---|---|---|---|
| -10.00 | -1.92% | 510.00 | 34,468 | 16:35:23 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 510.00 | 520.00 | 526.00 | 512.00 | 526.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Plastics Foam Products | 126.98M | 9.24M | 0.1892 | 27.06 | 250.09M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:23 | UT | 4,490 | 510.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/6/2024 | 07:00 | UK RNS | Zotefoams PLC Notification Of Transactions Of Directors/PDMRs |
| 05/6/2024 | 15:08 | UK RNS | Zotefoams PLC Notification Of Transactions Of Directors/PDMRs |
| 31/5/2024 | 16:45 | UK RNS | Zotefoams PLC Holding(s) in Company |
| 30/5/2024 | 15:07 | UK RNS | Zotefoams PLC Director/PDMR Shareholding |
| 28/5/2024 | 07:00 | UK RNS | Zotefoams PLC Notification Of Transactions Of Directors/PDMRs |
| 22/5/2024 | 21:05 | ALNC |  TRADING UPDATES: Powerhouse resolves claim; PCI-PAL wins court case |
| 22/5/2024 | 14:01 | UK RNS | Zotefoams PLC Result of the 2024 Annual General Meeting |
| 22/5/2024 | 07:00 | UK RNS | Zotefoams PLC Trading Update and Group CEO Succession |
| 15/5/2024 | 13:09 | ALNC | Zotefoams ponders bringing in investor for new beverage carton ReZorce |
| 15/5/2024 | 10:07 | UK RNS | Zotefoams PLC Notification Of Transactions Of Directors/PDMRs |
Zotefoams (ZTF) Share Charts1 Year Zotefoams Chart |
|
1 Month Zotefoams Chart |
Intraday Zotefoams Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/6/2024 | 10:58 | Zotefoams with Charts & News | 2,312 |
| 07/8/2018 | 07:22 | Zotefoams (ZTF) One to Watch on Monday | 2 |
| 31/1/2018 | 21:07 | Zotefoams - Take a look at what is currently OVERLOOKED | 1 |
| 14/3/2006 | 17:09 | zotefoam | 49 |
| 26/10/2002 | 00:45 | ZOTEFOAMS is looking a bargain. forward yld 10.88% | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-06-14 15:35:23 | 510.00 | 4,490 | 22,899.00 | UT |
| 2024-06-14 15:19:58 | 512.00 | 64 | 327.68 | AT |
| 2024-06-14 15:08:19 | 517.76 | 1,747 | 9,045.27 | O |
| 2024-06-14 15:03:46 | 520.00 | 20 | 104.00 | O |
| 2024-06-14 14:17:25 | 515.80 | 600 | 3,094.80 | O |
| Top Posts |
|---|
Posted at 14/6/2024 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 520p.Zotefoams currently has 48,846,234 shares in issue. The market capitalisation of Zotefoams is £250,092,718. Zotefoams has a price to earnings ratio (PE ratio) of 27.06. This morning ZTF shares opened at 526p |
Posted at 24/5/2024 15:33 by james188 I don't think that David Stirling's ongoing role with ZTF until the end of October is directly linked to the time that it will take to tie up arrangements with an investment partner (or partners).We know that ZTF is only now starting to invite expressions of interest from potential investors and I would expect it to take some time before preferred partners are identified and then several months before negotiations are completed. It is going to be a complex process and investors will also want to conduct detailed due diligence on ReZorce. If ZTF get to agreed heads of terms (or better) by end December this year, I think that that would be good going. We have also been told that David Stirling will be helping out with work to develop the Shincell relationship, where ZTF has promised an update at the time of its August interims. I wouldn't be surprised if David Stirling has an involvement in these two projects (and ReZorce in particular) beyond end October and I think that it would be good news for shareholders if that happens. All the above is going to consume a lot of management time and - in the case of ReZorce - it has to be fitted in around the demands for the core business. The company will inevitably need to increase its spend on external advisors - e.g. financial (Mazzone & Associates), legal and technical both here, in the US and potentially elsewhere depending upon how discussions with potential investors progress. It basically needs to create a new business plan covering the core and non-core businesses. Exciting times, but considerable challenges. |
Posted at 22/5/2024 19:05 by james188 I went to the AGM, spoke to various directors afterwards and I also viewed the IMC presentation.So far as ReZorce is concerned, I think the point is that this is not core ZTF business and that it requires skills and resources beyond those which ZTF can provide. I think that they have been very sensible in recognising this and entering into partnership agreements with industry leaders who add significant credibility to the product - and also limiting the initial focus to the cartons opportunity, rather than pouches or other applications, which I expect to follow. None of us know how this is going to play out, but it is pretty clear that at some point ZTf will exit ReZorce. That could be by way of an outright sale, spinning off ReZorce into a separate vehicle in which ZTF has a much smaller stake or licensing the technology and collecting royalties - or a combination of the above. Until the know the sort of deal that is entered into with a major investor (hopefully by the end of this year), it is very hard to put numbers on this. I gather that that is why the Singer numbers have not been updated recently. You could well argue that other core business opportunities are being held back by the need to progress the ReZorce opportunity. It is a nice opportunity to have, but there is a lot else going on. Shincell and Design Blue (the latter not even mentioned today, but not insignificant), being obvious examples. I am pleased that management is not rushing any of this. |
Posted at 22/5/2024 07:39 by pugugly rns: "Note. The Board understands that current market expectations for the year ended 31 December 2024, prior to release of this trading statement, are revenue of £138.5m and adjusted profit before tax of £14.9m."All (imo) now depends on ReZone progress to support the share price Possibly a slight markdown on opening? |
Posted at 22/5/2024 07:37 by someuwin Singer...Zotefoams (ZTF LN) #Further to go after a strong start to the year CEO David Stirling steps down today after 27 years at the group. He leaves Zotefoams in excellent shape and with firm foundations to create sustainable, long-term value. Today’s AGM update confirms a solid start to the year with record revenues (+14%), driven by Footwear (+44%). The share price has performed strongly in recent months (+57% YTD), which we think is justified given strong results and positive newsflow. We see further upside given operational and strategic momentum. Recent deals with DBL and Shincell and updates on ReZorce highlight the inherent optionality in the business. Our target price is upgraded from 500p to 605p (driven solely by Foams - more details in the note) and we highlight that our blue-sky valuation (based on a credible path to ROCE recovery) points to fair value of over 900p. 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. This translates to an attractive growth profile with our forecasts showing c.16% adj. EBIT CAGR to FY26e. BUY, TP 605p |
Posted at 19/5/2024 18:29 by james188 The thing that particularly caught my eye in the latest Singer note was the comment at the end that ZTF has "an ecosystem of 22 world class partners to make this happen".We do not know most of them, but it suggests a lot of engagement and preparatory work. Next thing is to see what deal is done to bring in an investing partner. I wonder if Refresh is a candidate. It operates a buy and build model. I hope that ZTF does not have to give away too much equity in order to scale up. |
Posted at 18/5/2024 18:06 by mirabeau 'The group will be holding its AGM on Wednesday 22nd May, ahead of which we should be seeing the latest Trading Update.This group’s shares, at just 430p include a minimal valuation for its immense technological lead within its sector, making them look very under-rated and capable of a significant hike. On 21st March I noted that the shares, then at 351p, should be held on tightly for the inevitable uplift in share price – well they are now on their way higher with that 500p level being an easy task. ' I do like update by Mark Watson-Mitchell, dated 8 May 2024 especially the second paragraph |
Posted at 17/5/2024 08:31 by redartbmud Says it all.Wonder if a big boy might snap it up? Even after paying a large premium to the current share price, it could be a cash cow for a decade or more. red |
Posted at 17/5/2024 08:05 by someuwin Singer Note...Notes from yesterday’s ReZorce media launch – increased confidence in the opportunity Zotefoams hosted a press conference yesterday to showcase its unique ReZorce technology. ReZorce is seeking to disrupt the beverage carton market with its fully recyclable & circular mono-material; barrier packaging solution. We came away with greater confidence in the scale of the opportunity and journey ahead. Changing ingrained practices is never easy but it is clear to us that with ReZorce the hard yards have been done. The critical next steps on this journey are a) passing the quality & compliance testing ahead of live in-store trials, a matter of when not if, and b) finding the right investment partner to support the scale-up of ReZorce and unlock value. We highlight in this note some of the key messages from the event showing that a) there is an undisputable need for a technology like ReZorce and b) that ReZorce has the hallmarks of a once in a generation game changing technology. BUY rec unchanged. We remind investors that our 500p target price only has c.25p in it for ReZorce, highlighting the significant option value that it brings to our investment case. An undisputable need for a technology like ReZorce Existing liquid packaging board (LPB) technology is over 70 years old and has barely changed since. The plastic is bonded to aluminium, which is then bonded to wood fibre to create an aseptic package (c.25% plastic, 5% aluminium, 70% wood fibre). The composite nature of existing LPB makes it very difficult to recycle. Because of this, c.75% of beverage carton packs are currently incinerated or sent to landfill p.a. which produces c.6m metric tons of carbon emissions in Europe alone. c.250bn liquid packaging cartons are produced annually. To support this, given the wood fibre content in LPB, the equivalent of 68 trees need to be cut down every second (!). c.93% of what is produced in the world doesn't get re-used (i.e.: is not circular) which is clearly not a sustainable path for the planet. There is therefore a pressing need for technologies which address the problem of circularity, as ReZorce does. FMCGs are struggling to make progress towards meeting EU regulation which requires brand owners to deliver 30% recycled content from 2025 as they don't have access to a fully circular solution which is scalable. Food safety legislation also requires that only virgin polymer has direct contact with food. Failure to meet regulation will become a huge burden for brand owners which is positive for ReZorce adoption ReZorce – bearing the hallmarks of a once in a generation, game-changing technology ReZorce cartons are the first & only fully recyclable, truly circular beverage cartons. Compared to conventional LPB, ReZorce uses 51% less water, has a 53% lower carbon footprint and c.50% lower energy consumption. ReZorce is a simple, mono-material technology whereby nitrogen is injected in polymers to create a foamed core. As a mono-material, it is much easier to recycle efficiently compared to existing LPB which are composites. Every ReZorce pack will have a QR code which will provide consumers evidence of the full life cycle of the polymer used in the production of the carton, as well as details on its recycling content. We think this is important given that consumers are often confused by claims from current packaging providers regarding their recycling credentials. ReZorce offers a simple, easy to understand message for consumers with no room for confusion. ReZorce’s performance matches current materials on important KPIs such as shelf-life and robustness of the material. The material is non wicking meaning, unlike existing cartons, it can be used over a period of a few months and not get soggy like an LPB carton would. The material is also microwavable, unlike LPB, because it doesn’t have aluminium foil inside. The initial target market is aseptic cartons (valued at c.$12bn in Western Europe & North America) but there is a myriad of opportunities beyond that including pouches ($6.6bn), flexible packaging (c.$90bn) and trays (c.$10bn). ReZorce is fully compatible & interchangeable with existing beverage filling line set-ups. It only takes a couple of days to repurpose a filling line and once done the line can be up & running within a few hours. All this can be done at little additional capital cost. This is a critical point as one of the biggest challenges in the transition to a green economy and adopting new technologies is the cost of enacting the transition. On pricing, the goal is to get to parity with existing LPB but ReZorce is not there yet as it needs economies of scale to come through first. One should also consider positive externalities such as more favourable deposit return schemes for fully recyclable products like ReZorce or the possibility of higher taxation on non-recyclable products. ZTF is not alone on this journey to bring ReZorce to market – with an ecosystem of 22 world class partners to make this happen. This gives confidence that there is a strong network in place to move ReZorce forward. Of note, we highlight its joint development partner Refresco which will produce & fill the cartons and support commercialisation; Biffa, which has validated the recyclability of ReZorce, and SudPack, a leading manufacturer of high-performance films for the packaging industry, which has signed an agreement with ZTF to scale up the technology to 100m cartons. But if the technology is successful, this number will just be a waypoint on a much larger opportunity. |
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 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. |
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