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ZYT Zytronic Plc

55.00
0.00 (0.00%)
Last Updated: 08:00:29
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zytronic Plc LSE:ZYT London Ordinary Share GB0006971013 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 55.00 15,835 08:00:29
Bid Price Offer Price High Price Low Price Open Price
50.00 60.00 55.00 55.00 55.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Magnetc,optic Recordng Media 8.61M -1.56M -0.1539 -3.57 5.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:24:27 O 2,000 53.50 GBX

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Zytronic (ZYT) Discussions and Chat

Zytronic Forums and Chat

Date Time Title Posts
25/4/202409:13Zytronic plc 2024 - deep value upside potential ?31
22/1/202422:27Zytronic - The Long Story1,889
21/5/201623:38Zytronic - 20091,164
30/4/200913:12Time for a Bull Flag from this Chart395
21/4/200916:09Zytronic plc2

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Zytronic (ZYT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:24:2853.502,0001,070.00O
10:34:2456.505,0002,825.00O
07:52:0856.903,5001,991.50O
07:25:2356.255,3353,000.94O
2024-04-24 15:17:4752.8010052.80O

Zytronic (ZYT) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Zytronic Daily Update
Zytronic Plc is listed in the Magnetc,optic Recordng Media sector of the London Stock Exchange with ticker ZYT. The last closing price for Zytronic was 55p.
Zytronic currently has 10,162,000 shares in issue. The market capitalisation of Zytronic is £5,589,100.
Zytronic has a price to earnings ratio (PE ratio) of -3.57.
This morning ZYT shares opened at 55p
Posted at 18/3/2024 16:44 by cliffpeat
Judging by the latest LinkedIn post from the directors of ZYT

hxxps://www.linkedin.com/pulse/zytronic-continues-innovate-zytronic-zndwe/

it appears that one of the market segments being targeted is the food processing sector.

I see this as a positive - particularly if it leads to an "own-product range" with a substantial potential addressable market.

"Zytronic manufactures these hybrid PCAP touch sensors in nearly any size and specification at its facility. The company can accommodate additional customisations such as special edge profiling, glass curvature, and incorporation of cut-outs and holes for devices like card reader slots and mechanical buttons."
Posted at 05/3/2024 17:42 by cliffpeat
To see some of the innovative ideas from ZYT I recommend following:






In my view the videos would be more effective if there was a brief voice-over describing the images rather than the irritating "music".

If the combined talents and knowledge of the ZYT team can find some "killer" products that meet an identified market need (preferably an affluent market :) then perhaps the business can significantly move away from the dependency upon being part of the supply chain of other manufacturers.
Posted at 30/1/2024 10:42 by cerrito
No surprise for me that the share price unmoved by the IMC presentation.
I need to listen to the replay as I had other things going on at the time but overall the CEO -as in other presentations- for me came over well ,as did the FD, so nothing at all to be gained by replacing them and the question is more what control do they have on their own destiny.
Interesting that they have not applied at the AGM for authorization to buy back their shares in case the share price has a complete wobble.
I thought it good that after the presentation he was getting on the plane to the Barcelona trade show.
Posted at 24/1/2024 19:10 by value hound
I bought some of these nine days ago at 58.75p. The trouble is, I also bought at 86p in August. Anyway - we'll see what transpires, but FWIW, here's a snippet from Mark Watson Mitchell on Master Investor tonight... (though my own longer-term target is more like 160p)

-----------------------------------

Zytronic (LON:ZYT) – Setting A ‘Gamblers̵7; Target Price

A reversal of corporate fortunes often brings out the stock watchers and spurs them into action.

On Tuesday 9th January, the Blaydon-upon-Tyne-based touch sensor manufacturer announced its final results for the year to end September 2023.

They showed a 30% drop in sales to £8.6m and a £2.0m pre-tax loss (£0.7m profit).

The shares fell back from 80p overnight, crashing to 55p in subsequent reaction.

The company is a world-renowned developer and manufacturer of a unique range of internationally award-winning optically transparent interactive touch sensor overlay products, which are used with electronic displays in industrial, self-service and public access equipment.

Chairman Dr Chris Potts stated that:

“The Group benefits from a strong balance sheet and has good visibility over its cost base over the next twelve-month period.

"With reinvigoration of the Group’s business development function and differentiated technology and products, there are grounds for cautious optimism over the medium term.”

I have followed this group for years, in 2017 its shares peaked at over 605p.

Way back in January 2021, when they were 122.5p, I set a Target of 155p on the shares, ten months later they hit 190p.

But nothing goes in the same direction for ever!

Admittedly to see its shares now at just 59p does give them a certain appeal.

Analyst Caroline de la Soujeole, at Singer Capital Markets, has concluded that:

“We think it is reasonable to envisage broadly stable YoY sales trends in FY24e overall (2H weighted) and good progress being made in returning the business to an EBITDA break-even position.

"We await the presentation of the strategy review before reinstating formal forecasts and recommendation.̶1;

The broker notes that, given evolving industry dynamics, the group’s management have committed to set out a clear strategy for recovery and perspectives on its future direction in due course.

The company ended its 2023 year with £4.7m cash in its balance sheet, which compares to the current £6.12m market valuation.

As I stated above, poor corporate results often bring out buyers.

And so too with Zytronic – as shown by the addition of some 131,000 more shares to the joint holding of Gavin and Sian Smith – taking their position up to 444,493 shares, representing 4.37% of the ZYT equity.

I know that it is only a ‘tiddler’; but I actually fancy that little holding as being a potential winner, especially if the group’s Management gets its act together and wins a great deal more orders from its pipeline of opportunities.

I now set a gambler’s Target Price of 70p on the group’s shares, which could so easily be achieved with the announcement of some good corporate news within the next few months.
Posted at 22/1/2024 21:42 by value viper
Hi Cerrito - I have started a new 2024 thread for ZYT - let's post there - hoping it will assist the share price - gulp
Posted at 22/1/2024 21:29 by cerrito
Value Viper
Thanks for pointing me in the direction of Nexteq and as a ZYT shareholder of a few years it is remiss of me that I have never heard of them.
Be interested on the read across you folk see between them and ZYT both in the Quixant division for gaming and Densitron.I have never heard of broadcast technology in this context and do not know if this is on the radar screen of ZYT.
A quick reading suggests to me that because of their size they have far more control of their destiny than poor old ZYT.
Posted at 22/1/2024 21:03 by value viper
A new thread to mark a new low for the share price.
At 60p, the market value is just £6 million.
£4 million in cash today / no debt.
Tangible assets in the factory mean the operating business and IP are in for free.
Revenues are under pressure but a strategic review is under way.
Current shareholders have a right to be upset in truth - something needs to give.
Watch this space - good luck to investors new and existing.
Posted at 22/1/2024 20:20 by value viper
I wonder whether Henry Spain are asking questions - I note since the recent further price slump, no further TR1.
They are down a big % on their investment right now.
I am not clear re. options the management may have but was me who mentioned the need for director buys - for example does the new Chair own 1 share yet - he and the CEO are the key persons in any strategic review I would think.
Whilst they have possibly been unlucky in some areas, how convinced are we that they are really looking to get the share price higher ? I am not convinced myself.
The simplest was out is for it to be bid for and taken off the market.
Of interest also is the comment in the above header from when the thread was set up back in 2016.
The co has sat on a very big cash balance for years - why ? Should they not have acquired more or paid a special dividend ? How long have they relied on this cash as the core to their investment case - hhmm.
The more I ponder this, the more I think it requires new owners. NRI
Posted at 27/7/2023 11:12 by cliffpeat
LinkedIn post by ZYT about the HongKong project where they provide some hardware and technology.

The article at


is in the most boring typeface and is long-winded. I asked GPT to "Revise the following to make a serious but powerful point of the important part played by Zytronic the supplier of some of the technology:"

Below is the instant response - which I haven't checked but a glance suggests it is more readable and focussed. If it was my job to improve the website use-cases I would definitely run all the ZYT text through one or more of the AI tools knowing that in an hour or so (on each) there would be a significant improvement in the copy and more people would read it IMO.

Which is the point. Get read by prospective customers.

START:
Hong Kong, widely recognized as one of the most dynamically evolving economies, is the product of meticulous planning - particularly when it comes to its densely populated land space. As a testament to this, the City Gallery, an entity managed by the Planning Department of the Hong Kong Special Administrative Region (HKSAR) Government, exhibits the city's historical and ongoing planning projects while also promoting its sustainable future vision to the public.

A key attraction of the gallery is the 110-inch interactive rolling map that chronicles the evolution of the city's coastline and skyline since the 1840s. This tool enables visitors to delve into the history behind the naming of certain streets and explore how land reclamation has transformed the cityscape over the years.

The creation of this interactive exhibit is the result of a fruitful collaboration between the HKSAR planning department, local audio-visual specialists Wide Smart Technology, and ASPIS Innovation Solutions. Wide Smart Technology's role was the development of the design concept, which includes a 110-inch piece of tempered glass housing two 55-inch displays. This company has a strong reputation in Hong Kong, providing top-tier AV solutions in partnership with solution consultants and AV network designers for over a decade.

ASPIS, another prominent name in the field and a longtime distributor for UK-based Zytronic, was entrusted with supplying the large multitouch sensor for the project. Zytronic's patented projected capacitive technology (PCT™ and MPCT™) sits at the core of this offering, rendering it an ideal touch solution for public use. For this significant project, ASPIS recommended the use of two pieces of 55-inch ZyFilm® multitouch flexible foils, manufactured at Zytronic’s UK facility and efficiently shipped to Hong Kong.

Once in Hong Kong, ASPIS adhered the ZyFilm® to the back of the locally procured glass. Using Zytronic's ZXY500™ multitouch controller, ASPIS was able to finely calibrate the 8mm gap between the two adjacent touch sensors onsite. The controller supports up to 100 simultaneous touch points and delivers rapid and accurate touch and gesture responses, making it perfect for a multiuser installation of this magnitude.

Following the installation, a representative from the HKSAR Planning Department Government expressed that the interactive multitouch exhibit serves as a platform to engage and inform visitors about their exciting and sustainable urban future plans. It also sheds light on the intricate planning and construction efforts that have shaped Hong Kong over time.
END

Waddyathink?
Posted at 14/2/2023 11:04 by rivaldo
Paul Scott on Stockopedia did a write-up on ZYT the other day - a fair summary at this stage, reflecting the defensive quality via the asset backing, the potential upside and the current state of play:

"Zytronic (LON:ZYT)
132p
Market cap £13m

AGM Trading Update & Board Changes

The current financial year is FY 9/2023, so this update covers the 4 months to Jan 2023.

It’s a bit lacklustre, hence the share price dropping c.12% yesterday.

What surprised me was the comments that supply chain issues are still having a significant impact, with shortages of components causing it to pay more for unofficial supplies, and cannibalising finished goods for the components, which sounds a bit extreme, and would presumably involve extra labour costs (and maybe having to write off other inventories?). It’s not good anyway.

Monthly order intake similar to H2 last year. That’s not good, as H2 LY was only £4.9m order intake, suggesting that the current revenue run rate could be as little as £10m annualised.

Pipeline – sounds more encouraging, with £61m in lifetime value of contracts, although that’s multi-year, and not all of it will actually turn into contracts. I prefer firm orders, to numbers on pipeline of potential opportunities.

Although this all sounds rather negative, the good thing about Zytronic is it has a proven ability to operate around breakeven, even in very slow years. In good years, it has been highly profitable. Plus of course there’s pots of cash in the bank, relative to the size of the company.

Net cash is now £6.8m, just over half the market cap. It’s genuinely surplus cash too, if you look at the last balance sheet, net current assets was £9.8m, with no significant long-term liabilities.

So this share tends to attract value investors, who like the strong asset backing, and you’re getting the business thrown in for very little extra – a nice combination I think, for patient investors.

Outlook – a stronger H2 expected, although it cautions that pay rises for staff are likely to be more than budgeted.

My opinion – this is an interesting little value share. You have the comfort of strong asset backing, supporting most of the share price. Then you get upside from a possible recovery of the business, on top of that.

So a thumbs up from me, as a value share. Note also the consistently high StockRank.

It’s interesting to note a permanent de-rating of this share from the 5-year chart below. That came about because, as it turned out, the company had a number of key products that reached end of life, with repeat orders drying up. That’s the sort of thing that only insiders really know about. We always think we understand companies we invest in, but the reality is that outside shareholders usually haven’t got a clue about the inner workings of any companies we invest in.

The number of shares in issue has fallen from 16m to only 10m, following large buybacks. So theoretically, if orders recovered to previous levels of profitability, this share could not just recover to 500p, but go considerably higher. So there’s an opportunity here, we just don’t know whether that positive scenario will play out, or not."
Zytronic share price data is direct from the London Stock Exchange

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