Zotefoams Share Discussion Threads

[exbroker] 19/5/2015 22:30

janeann
the bigger trades are a buyer and seller matching, the rest small retail buying, the market have no stock and there is a buyer out there. As BB2 states indexing time will be with us soon they are big enough and have passed liquidity so it could be happy days!!

[battlebus2] 19/5/2015 19:14

Yes and the index decision looms closer.

[janeann] 19/5/2015 16:13

well breached 3.00 as suggested recently by exbroker. Held up well today despite a largish number of sells so looks very promising

[battlebus2] 18/5/2015 13:50

Thanks Simon, new highs today :))

[simonong84] 14/5/2015 20:10

ZTF mentioned in today's Evening Standard's business section:
www.pressreader.com/uk/london-evening-standard-west-end-final-a/20150514/282956743741109/TextView

[battlebus2] 13/5/2015 11:34

Let's hope so exbroker.

[exbroker] 13/5/2015 10:54

Its all about not dropping the ball before the index review in June, my system has it passing all 12 months so index bound if the price stays here.

[battlebus2] 13/5/2015 07:13

Pretty upbeat AGM trading update by their standards this morning.

[exbroker] 10/4/2015 23:44

The seller who was at 295 has been cleared......looks like they break 300 soon....happy days!

[battlebus2] 10/4/2015 21:54

Yep, good to see they have started.

In September 2014 Zotefoams raised gross proceeds of £8.8m from a placing of 9.99% of the existing issued share capital. The purpose was to finance investment in our Walton, Kentucky, USA factory to deliver
a significant increase in global capacity to support future growth. The investment will comprise a high-pressure autoclave along with supporting extrusion capacity and related infrastructure. The programme is proceeding to plan with the 285 tonne ingot for the high-pressure autoclave already forged and ground breaking for the factory building extension scheduled early in April.

[dozey3] 10/4/2015 21:18

Came across this article that shows progress in the US. Sorry no link. Dated 9 April.

"..British-based Zotefoams Inc., a world leader in cross-linked block foams, is expected to invest nearly $22 million to expand its manufacturing capabilities at the company’s North American headquarters in Walton, Kentucky.

This new investment will allow the Walton facility to become a full-process site. The move, which includes adding 53,000 square feet to Zotefoams Inc.’s existing facility on Precision Drive, is expected to help the company be more competitive in the U.S., better serve its existing customer base and significantly increase its global capacity.

“Northern Kentucky Tri-ED and the Kentucky Cabinet for Economic Development helped tip the decision for our global capacity investment towards Walton versus the alternatives explored,” said Dan B. Catalano, president of North America, Zotefoams Inc. “The cohesive, concerted effort and genuine interest in us and our business, coupled with the support and incentives, sent a powerful message to our board of directors of Zotefoams plc.”

Zotefoams Inc. is a subsidiary of United Kingdom-based Zotefoams plc. For more than 30 years, Zotefoams plc imported its finished products to North America. In the late 1990s, the company opened Zotefoams Inc. in Walton. Zotefoams began to import partially processed raw materials from the U.K. and perform the final manufacturing in northern Kentucky.

As an incentive the encourage the investment and job growth in northern Kentucky, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $600,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

KEDFA also approved the company for tax benefits up to $100,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

“Kentucky welcomes Zotefoams Inc.’s growth and success in northern Kentucky,” Gov. Steve Beshear said. “We’re extremely pleased that a company of Zotefoams’ worldwide influence would choose to expand operations in the Commonwealth, which is another testament to Kentucky being the ideal place for companies to do business.”

“We’re thrilled that Zotefoams is expanding its facility and adding jobs in Walton,” said Northern Kentucky Tri-ED Chairman and Kenton County Judge-Executive Kris Knochelmann. “This project helps demonstrate the effectiveness of NKY Boost, Tri-ED’s business retention and expansion program, and our efforts to facilitate the success of our existing industries in northern Kentucky.”

[exbroker] 08/4/2015 13:01

There was a seller on the board at 295 in the 11.00 auction

[battlebus2] 08/4/2015 09:55

£3 today looks extremely possible...

[battlebus2] 08/4/2015 08:18

Next leg up :))

[exbroker] 31/3/2015 00:18

The meetings after the figures went down well the management were very positive, lie back and enjoy the ride.

[battlebus2] 30/3/2015 13:36

That is really positive exbroker that insts are buying at the current price...

[exbroker] 30/3/2015 13:05

Two buyers in the market at these levels

[battlebus2] 30/3/2015 11:50

Schroders adding 15 to 16 now.

[battlebus2] 27/3/2015 16:35

Blackrock selling a few.

[battlebus2] 25/3/2015 15:07

Yes a great performance and £3 could be sooner than we think :))

[janeann] 25/3/2015 14:28

Thanks exbroker; Ive been here a while and not looking to exit yet although surprised at the scale of the post results rise. that said 390000 have just changed hands above mid price.

[exbroker] 25/3/2015 11:21

Hi janeann
Liquidity looks ok and the market cap is high enough so no reason why not. Some may be in the price but it could get to 300 or a bit above.I hold lots of these and am very happy to stay in for the longer term.

[janeann] 25/3/2015 09:47

and do you think they may qualify for the all share index this year? And if so any views on the impact on share price that might have?

thanks

[exbroker] 25/3/2015 09:38

The high last year was caused by buyers thinking it was going into the index, that has not happened this year YET!

[battlebus2] 24/3/2015 16:02

Closing in on that new high :))