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Zotefoams Share Discussion Threads
Showing 1026 to 1050 of 1050 messages
|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..."|
|Not sure janeann, seems to be a lot of shares changing hands at the current level.|
|yes a very encouraging update. And planning for future expansion in capacity. Will it be enough to get us back over £3 I wonder?|
|Upbeat AGM statement with trading for the first three months ahead of a record 2015. hTTp://www.investegate.co.uk/zotefoams-plc--ztf-/rns/agm-trading-update/201605180700105351Y/|
|Blackrock continuing to add with another 300k...|
|Your just in time for the 3.8p dividend which is x this Thursday.|
|thx bb2 my numbers are from the last prelims and compare favourably with those of advfn so i figure i'm near the mark.
need to compare revenue growth with admin costs growth yoy too and also compare operating profit margin yoy perhaps too.
I like to see revenue growth and margin growth with admin cost growth less than revenue, good operational gearing, but it's hard to find.
As you know i'm a past holder but I'm not so concerned about the current price i figure i may be in a bit early but this is a decent growth stock and i'll add on any further pull backs. You can wait for the bottom but as we know with these rascals you just can't get the stock then in any quantity so you've got to take a few risks buying early.
|Good to see you here again Woodcutter. Another exemplary analysis.|
|I've taken a small position here this week my analysis fwiw
The candlestick pattern isn't convincing but the indicators are reasonably strong. The narrative in the last annual report was very supportive of the growth prospects so I've taken a small position.
free stock charts from uk.advfn.com
The Fundamentals P&L
Market Cap £126m
number of share in issue 44.4m.
share price 285p
operating profit £6.33m
operating margin around 11.6%.
eps (earnings per share) 11.1p
per (price earnings ratio) 25.5, forecast eps of around 13.2p this year for per around 21 and further growth out to 2017
dividend 5.6p/share for a yield of around 2%, covered close to 2 times by eps.
interest adequately covered by operating profits 20x
market to book value roughly 2.5 times
tax charged at standard rate
The Fundamentals Balance Sheet
ROCE return on capital employed 9.5%.
current ratio 2.52
acid ratio 1.8
debtors days around 115 days
net gearing 27%.
pension obligations £5.2m
The Fundamentals Cash Flow
net debt £1.59m to EBITDA £8.4m
cash generated from operations after movements in working capital £8.4m.
depreciation and amortisation £3.48m
capex £8.7m demonstrates the investment in new equipment relative to depreciation charge.
Capitalised R&D spend £0m.
|This is Great News for a company that has strived so hard against all the odds. Very Well done !!!|
|All good - especially the last line .........We anticipate 2016 being another year of growth and we are confident about the long-term prospects for our business|