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Zotefoams Share Discussion Threads
Showing 1026 to 1050 of 1050 messages
free stock charts from uk.advfn.com|
|been accumulating over the last few sessions
There has been a seller around from one of the big houses, and the buyers have been happy to sit and watch. I might buy some at 255 having sold some to the index funds last June at 330+. The currency should help them a lot, but most is hedged 9 months out so will be in next year’s figures. Lots of interesting contacts being negotiated and they are developing moulding to increase the efficiency of the product for certain applications. If they get it right it will cut cost sharply and open lots of new markets. Your trainers will soon have a ZTF bit of foam in them!!!|
|Thanks Woody (I agree)|
|It's not AIM it's FTSE small cap. Many US stocks are way over priced at present.
More importantly it appears they mat be struggling to meet delivery of fourth quarter order intake due to capacity restraints, that can only be good for the business in the long term and the new plant coming on line in 2017 will be of great benefit.
keep adding on dips
|The Problem is that short money has struggled to find a home for a while now,and Aim has been such an obvious candidate.For example .Short uk Aim long Russell group 2000 etc .......|
|certainly seems that way condom - but why unless someone trying to buy it on the cheap.
Wonder what happened to exbroker - he always seemed to have a finger on the pulse of this one?|
|Normally you would expect so, but this has been manipulated down for sometime now.|
|Yes very happy janeann, bearing the fruits of the US operation.|
|Very cautiously very positive - perhaps this will help the share price back to £3.
Zotefoams saw third quarter sales grow ahead of the comparative period last year, buoyed by continued favourable currency and particularly good growth in HPP and North American polyolefin foams. This was offset somewhat by lower polyolefin foam sales in the UK and continental Europe. The Company has entered the fourth quarter with a very strong order book.
The Company's investment at its facility in Walton, Kentucky, USA, which will increase Zotefoams' global capacity, remains on target to be operational in H1 2017.
Whilst being mindful of the operational risk to delivery of the very strong order book in the final quarter and the potential consequences of currency volatility, Zotefoams continues to expect another year of positive progress, with performance in line with management expectations. The Company also remains confident about the long-term prospects for the business|
|Tipped in I.C. I believe.|
|I was a little disappointed to be honest, particularly after the upbeat TS earlier in the year at the AGM. I'm expecting a mild profit warning for H2 now which will hopefully give a further buying opportunity. In the longer run you have to look beyond this year and possibly even H1 next year. The real eps benefits will kick in when the new production equipment is running at full capacity imv.
A $30m investment in new P&E is pretty big for business with a £54m revenue. Keep the faith!
|Good results for 1 st half,2nd half usually much stronger.|
|Yes I agree janeann, looks set for a better second half.|
|Looks a promising set of results to me
Commenting on the results, Steve Good, Chairman said:
"We enter the second half of the year with a good order book, a strong product portfolio, growth expectations in all business units and the benefits of the weaker Sterling. Whilst today we reported record revenue for the first half of the year, growth was muted by customer inventory adjustments and sales phasing. In addition, profits were broadly flat, but this was due to increased expenditure in selling, development and technical resource to support long-term growth opportunities.
Therefore, whilst recognising the significant uncertainty resulting from the macro-economic backdrop, the Board remains confident in the prospects for the business."|
|Miton still adding....|
|ok thanks woody - still trying to make myself think longer term across most of my holdings :)|
|gleach - I'm looking longer term than just next year. Sterling has bounced this week on the back of the BOE holding interest rates at 0.5%. I don't see that holding into next year(but i could be wrong) Sterling weakness is likely to be longer term in my view. Although i did mention it now looked to be a long term hold perhaps i should have clarifed my thinking on that point, my apologies. i.e beating future forecasts if sterling remains weak.
According to Digital Look forecast for this year are around 13p and next year 15.7p. As you point out this year may not improve but next year could be very interesting. If the sterling weakness is say 15% on last years figures that would make forecast eps next year around 18p. And possibility of further growth given the latest TS narrative. That would be a forward per of around 14.5 well below their historic average.
There is also the big advantage that the operational gearing is very low as overheads are small in comparison to revenue so if there's a down turn then there's some level of protection and comfort.
Given the illiquidity of the stock if you wait for the results to show the upside potential it will most likely be too late to get any stock. It's clearly a risk buying at present but i believe there's significant potential in the medium term so it's a risk i'm prepared to take at present. I like the business and have been a past holder and will accumulate on any further weakness, i can be patient.
|woody - that contradicts the statement put out by the company that I posted above|
|Despite the high rating i've been accumulating and now see this as a very long term hold prospect given the market potential.
The exchange rates last year were:
Euro average 1.38
Dollar average 1.53
This alone will have a significant beneficial impact on eps based on current exchange rates. Taking in to account the likely increase in sales and they could easily beat forecasts, Brexit uncertainty excepted.
|Looks like an interesting point to get back in here as it hasn't yet taken part in the post-Brexit recovery along with the rest of the market.
Interim results due 2 Aug and perhaps a Trading Update imminent (10 July last year), following the positive recent statements.
I had wondered about currency impact but this from the March Prelims -
"The majority of Zotefoams' costs are sterling denominated, while approximately 80% of sales are outside the UK, mainly invoiced in US dollars or euros. The recent relative weakness of sterling will, therefore, have a positive impact on our Group, although this is unlikely to be significant this year, as the majority of expected foreign exchange exposure during 2016 has been hedged, in accordance with our policy, at rates prevailing before the recent sterling weakness."|
|well someone seems to know something about these - unless they have been tipped somewhere. Either way a very Welcome rise.|
|MARKET REPORT: Zotefoams, the firm that keeps our shoes comfy, sees shares climb after announcing record sales for first three months of year
Read more: HTTP://www.thisismoney.co.uk/money/markets/article-3597278/MARKET-REPORT-Zotefoams-firm-keeps-shoes-comfy-sees-shares-climb-announcing-record-sales-three-months-year.html#ixzz493ISnUBM|
|Good to see £3 cracked again, hopefully we can stay or move higher from here.|
|Read Panmure Gordon & Co's note on ZOTEFOAMS PLC (ZTF), out this morning, by visiting hxxps://www.research-tree.com/company/GB0009896605
"Zotefoams, the world leader in cellular materials technology, has issued an upbeat AGM trading update, confirming that trading momentum has continued. Indeed sales for 1Q16 were ahead of the record 1Q15. In order to satisfy the ongoing growth, management has announced it is increasing its capex programme and has ordered a second high pressure autoclave for its US site. We anticipate investors will see today’s news as a significant vote of confidence by management..."|