Zytronic Share Discussion Threads

[bookbroker] 08/1/2016 08:32

I mean exactly, although I'm not suggesting it's likely to happen any time in the near future, as they have earnings momentum, but beware of any surprises, gaps generally do fill, having said that this is a strong co. with a good offering, and more importantly a management with a very good grasp of the product!

[muffster] 08/1/2016 08:28

What do you mean?

[bookbroker] 08/1/2016 07:54

Large gap to fill at some point from £3, they always fill - remember!

[igoe104] 08/1/2016 07:52

Market sniper your not really in a position to tell anyone to calm down after your strange posts recently, accusing decent posters like CR etc of bullying.

[market sniper3] 07/1/2016 15:38

Calm down calm down rivaldo, surely you have to agree the chart was showing it to be well overbought only just last week. The share price being way above short term moving averages.

Think your right about capital growth, but I still remain convinced its going to be stuck for a while.

cheers.

ps SOM is going like a rocket.

[rivaldo] 07/1/2016 14:06

The Bearbull "analysis" does seem like complete claptrap considering the fundamentals and everything we know. He needs a new calculator. There's no harm in top-slicing, but at least justify it properly :o))

For a start, there's a 13.2p divi forecast this year, which is now almost a 3.5% yield (and was well over 3% even at the top). Pretty respectable if that's your main investment criteria - though I suspect that most here are in it for the capital growth, with the income being a decent bonus.

This company has the chance of being a bagger or two from here imo, based on the new product introductions, possible acquisitions from cash, Coca-Cola Freestyle roll-out etc, if all goes well and assuming no doomy/cyclical downturns again.

[market sniper3] 07/1/2016 08:15

One reason to hope the payout can be boosted this year is that in late December I sold half the portfolio's holding in touch screens maker Zytronic (ZYT). By then, the stock's yield had dropped to 2.8 per cent as the price motored ahead. Locking in guaranteed profits on the fund's investment in Zytronic thus seemed sensible, especially as the share price seems to have outran the company's improved performance (see Bearbull, 31 December 2015). Expect to see the company's market value and its underlying value converge in the months ahead, which is another way of saying that the share price may well be weak.

[market sniper3] 07/1/2016 08:07

He doesnt, hes sold half of them. It was in the IC yesterday im told. Ill get the e-mail

[rcturner2] 07/1/2016 08:02

The bizarre thing is the Bearbull holds the shares and it was his best performing share in 2015!

[igoe104] 07/1/2016 07:53

How can a company be 40% over-valued ?

when its on a p/e of 15, at the time of the article. they have double digit growth, they operate in a fast growing market place, they have close to 10 million in the bank, and have a yield over 4% ?

And judging by the last statement more good news to come.

[market sniper3] 06/1/2016 23:14

A copy i recd of a report in mondays IC mag re ZYT, might explain the big fall........

All of which indicates that what has really happened is that Zytronic's share price has run ahead of events by a greater distance than usual after a good set of figures. Therefore expect weakness in the coming months as investors - knowingly or not - contemplate the two profound factors with which we started. The investment lesson is, of course, generic. For me, however, there is a specific dilemma - should I sell shares in a company whose price is maybe 40 per cent above their intrinsic value?

[amencorner] 06/1/2016 09:40

Yes totally crazy that a part time journalist probably getting paid peanuts can have an effect on some investors. As I see it, Bearbull has simply been kind and created an opportunity to top up.

[igoe104] 06/1/2016 09:07

The article seems to have affected the weak investors.

its amazing how a article without any substance affects some investors judgement.

[topvest] 04/1/2016 18:56

Probably a healthy pull- back in the price. I'm confident that it should get to £5 in due course. I think there is probably a good chance of a special dividend in 2016 as they have too much cash. It's alluded to in the shareholder value comment in my view.

[ridicule] 04/1/2016 10:38

I agree that the Bearbull article is skewed and overly pessimistic. It takes no forward perspective on key stats, such as earnings per share growth of 26%; Dividend per share growth of 20%. There is nothing in Company announcements to infer that these trends will not continue in 2016 and the new 20% hiked dividend of 12p is covered twice!

[davidosh] 04/1/2016 09:42

Review of 2015

Zytronic are positively mentioned in this audiocast and I cover the year behind us and stocks to consider for the year ahead...

[fizzypop] 04/1/2016 09:20

I reckon the share price is down due to Chinese stock market selloff of some 7%.

[rcturner2] 04/1/2016 09:20

If you look at the trades it would be appear to be very much small time profit taking. I have been reading IC for years and the bearbull column is getting increasingly erratic. He frequently refers to selling shares and then mysteriously still seems to hold them later or when shares spike down through his stop loss you find out later he somehow suspended the stop loss for that share.

[salchow] 04/1/2016 09:00

It looks like this may have been affected this morning by Bearbull's comment in the IC of it being up to 40% overvalued at 434p. It should firstly be noted that he had not decided to sell it from his portfolio at this price. Secondly he has surely got his figures wrong. The company has increased dividends by good amounts in recent years and last year there was a 2p increase to 12.01p per share. With trading apparently continuing well it is reasonable to assume a dividend of at least 13p this year. At 435 this is a yield of 3% which is not bad for a tech company. If the price were 40% less at 260p it would be a yield of 5% which would be ridiculously low for such a progressive, sound and profitable company. In my opinion he made a mistake with his calculation. It is also interesting that Stockopedia have it ranked very highly.

[owenski] 03/1/2016 17:04

Cheers Paul, listened to the interview and found it rather good.

[paulypilot] 03/1/2016 16:06

Hi,

Further to my interview with Zytronic's CEO on 17 Dec 2015, I have today published a transcript of the interview, for anyone who prefers written content to audio.

It's free, and is here (no subscription necessary).

Nice company, good CEO, in my view.



Regards, Paul.

[topvest] 31/12/2015 20:02

Yes, I read that. I do not agree with the analysis. They have £10m or so of cash and a decent yield. Provided they continue to grow, I think these can still get to a £5 share price. The P/E after deducting cash is not demanding. I would say that the share price range is £3 to £5 depending on your view of future prospects. 40 per cent below the existing price is absurd.

[kalkanite] 31/12/2015 11:21

What were Mr Bearbulls reasons? Or has he had one too many sherry's this Xmas?

[bscuit] 31/12/2015 11:02

Mr Bearbull in IC says probably 40% overvalued, but price hasn't reacted.