Zotefoams Share Discussion Threads

[battlebus2] 07/1/2015 11:27

Any views exbroker? Brokers target price lowered slightly to. 290 from 300.

[battlebus2] 07/1/2015 07:57

Trading update positive with growth in all areas then a backlog caused by new systems which will lead to lower profits but will be booked later.
Disappointed we had no details of the new product etc.

[battlebus2] 12/12/2014 13:05

I would have thought so given the main ingredient is oil. Currencies still a problem though. Still concerns over the availability of the product might keep prices up, it seems harder and harder to get supplies i believe, could be wrong ofcourse just my own view.

Asian polymer prices fell by between $10 and $80/tonne in HDPE, LLDPE, LLDPE, PET, Polypropylene, PVC, ABS and Polystyrene. European polymer prices also fell with reductions of 20 Euros to 100 Euros per tonne reported in HDPE, LLDPE, LLDPE, Polypropylene, PVC, ABS and Polystyrene. US polymers remained largely unchanged but PVC fell by 6 Cents/pound.

[underhill] 12/12/2014 12:54

"Raw material prices have been broadly unchanged over the period."

But they're going to be significantly lower going forward, no?

[battlebus2] 12/12/2014 08:15

A bit of selling over the last couple of days and a dip in the share price to match,

[emeraldzebra] 17/11/2014 14:47

pleased i topped up at 2.30 -- wonder when the benefits will start to come through from the Unilever deal.

[battlebus2] 11/11/2014 13:17

Thanks exbroker, plenty of buyers still in the market for ZTF.

[exbroker] 07/11/2014 14:48

My analysis of liquidity suggests that even with the enlarged number of shares in issue the company has passed liquidity 6 out of 6 months. That keeps them on track to go into the all share index in June if that trend continues and they maintain the required market cap.


The joint house brokers comments in the morning note...


Zotefoams* (ZTF.L)


Price: 234.5p / PT: 285p (n/c)


Add (n/c)

Our View: Today’s Q3 FY14 update by Zotefoams confirms continued progress and sales growth that was broadly expected. Mucell revenues were primarily driven by equipment sales and demonstrated strong growth, albeit after a slower H1 FY14. Elsewhere, Q3 HPP sales were nearly double the prior year comparative, while polyolefin foams delivered good volume growth in the UK, Continental Europe and North America, with Far East sales weaker, against a strong comparative. We understand that there is a strong order book for the remainder of the year and management is confident of a satisfactory outcome for the current financial year, whilst being mindful of ongoing economic uncertainty, particularly in Europe. We retain our Add recommendation and 285p price target, which remains dependent on progress and growing visibility in HPP and Mucell.

§ In common with wider market conditions, the strengthening of sterling (primarily against USD and EUR) over the period has impacted sales.

§ As the business continues to invest to support future growth, operating costs in the third quarter have naturally been higher. Raw material prices have been broadly unchanged over the period.

[battlebus2] 07/11/2014 10:09

Happy with that IMS. Should restore a little confidence.

[coolen] 04/11/2014 22:40

Even that might be a relief !

[exbroker] 03/11/2014 12:26

IMS this week I am told, most likely back end, not expecting much change.

[coolen] 06/10/2014 14:57

Small beer, but interesting to note that the MD has today topped-up his ISA with ZTF at 240p

[battlebus2] 29/9/2014 19:10

Decent volume today and maybe a bit of that placing profit taking.

[exbroker] 25/9/2014 16:12

They seem to have reached a level I am not sure which way they move from here, happy with my profit on the placing stock, which i still hold.

[battlebus2] 25/9/2014 07:23

A couple of new NED's appointed to help us through the next stage of growth.

[battlebus2] 23/9/2014 19:56

The strength in the share price has been fantastic given the placing , my old favourite never seems to let us down.
I wonder at what price the buyer exbroker mentioned will stop buying?

[investoree] 12/9/2014 14:17

Thanks Exbroker - good to know there is someone batting for the smaller shareholders (although you are probably closer to an institutional holder by your comments). Keep up the good work and keep us informed as and when the rules permit.

[exbroker] 12/9/2014 13:39

Happy to share what I know when I am allowed to!

[coolen] 12/9/2014 13:11

Thanks exBroker.

[janeann] 12/9/2014 12:49

Yes thanks also Exbroker; you sound very confident of the long term.

[battlebus2] 12/9/2014 11:11

Thankyou for your thoughts and info, much appreciated.

[exbroker] 12/9/2014 11:09

Morning all
I did at some length discuss with the company the merits of a rights issue not a placing therefore allowing all shareholders to be involved.
Given that they dont want to raise any more equity than this and the considerable extra cost it was decided to go down the placing route.
A convertible was discussed but ruled out due to cost and lack of liquidity, you would need an issue of at least £25M.
Most existing UK shareholders, from what I understand stood their corners, I did, and there are several new instos on board all of whom got scaled back, there are buyers in the market.
From a company point of view, and as I hinted in a previous post they need to have a high pressure vessel in North America, both for expansion as demand is increasing and for contingency planning given all the others are in Croydon.
The joint broker Charles Stanley has a add recommendation and a 285 price target.
It all depends on liquidity and entering the All Share index in June next year in my opinion.
I have a very large sum invested in this company, the longer I own shares the more I will end up making.

[battlebus2] 12/9/2014 09:10

Ticking up, would you believe it!!

[janeann] 12/9/2014 08:18

It is, but give it time battlebus!