The logistics of foam mean you need a global footprint it has long been an ambition to manufacture in the far east and this is sensible development of the core business
ReZorce was an investment in a related but different field todays announcement is sensible and opens a new region to them
Share price de rating remains a mystery to me |
The relationship goes back a long way - the first deal was 2017 and they extended the exclusivity to the end of 2029. They don't disclose anything about the agreement because of confidentiality but ZoomX (zotek) is still the best performing material |
Are they spreading themselves to widely?
While this expansion takes place, will it reduce the dividend.
At least they say it is going to be funded from existing facilities, but who knows they may come back in a years time and say because of this or that it they have decided to raise x y z by way of a placing at X.
Has Poland been all it was susposed to be - it is a big site and I seem to recall they said there was plenty of space to expand on it.
Maybe it is fear of war in Poland that they want to open out in India. |
Not too certain about their reliance on Nike making a recovery under their new CEO. About 44% of their FY24 looks to have come from one customer, Nike. That's a high risk strategy in terms of diversification IMO and personally throwing £26m (which is likely to be in excess of that given how construction costs tend to pan out) at possibly just one customer (Do Nike have sole manufacturing rights?) and as Tom highlighted they dropped ReZorce in terms of investment but would suspect that had / has more growth potential?.In two minds as to whether I like or not the direction the new CEO is taking ZTF. For transparency I don't hold, yet. |
They will probably sell Croydon site and convert the site to a block of flats and we all get rich that way lol |
Yes,packaging out and footwear in.Possibly utilising the Shincell technology.A large outlay but confident on a good ROCE.I wonder what the retiring CFO thinks of it and more to the point Nike. |
Hmmm. Quite a bizarre RNS. What's the underlying message here? There is no mention of their US & Polish manufacturing facilities, which is in stark contrast to the contents of their annual report.
I.e. 'our facilities in the USA & Poland have the flexibility for further investment to support longer term growth'
Does a company with £150m turnover need 4 manufacturing sites?
Hard to get your head around cutting them Rezorce and then investing that capital and then some into international footprint expansion. |
It looks like Monday turned out to be exciting. |
Fairly hefty investment is SE Asia announced |
I'm amazed how far it has fallen since I sold out. Based on the recent update I'll see what Monday brings and hope to join you all again. |
I hope all shareholders will benefit from such a financial remunerartion. |
I learnt it through use of AI |
Novel approach! |
I have purchased a number of these securities in the hope that there will be a significant increase in price which will benefit me financially |
Seems to be BlackRock selling that's knocking back the share price |
Not really sure what Blackrock are up to .. 25th November they went from 2.7% to over 5% and now they're reducing a few months later |
Good question. Anyone know the answer. I presumed basic substrates derived from oil and the barrier to entry was the patented manufacturing techniques. |
Could be, but where do they get materials from?, China? |
Good time to buy. ZTF produce in US so should be mainly Trump proof. |
52 week lows .. not very encouraging price action given results are in 2 weeks |
I've added a few under 280p, kept some cash back in case of a plop under 250 |
It's very close - book value at the half year was £120m, so likely around £125m at 31/12, so at 278p it's valued at ~1.08x book, which is exceptionally cheap. Particularly given the >£4m boost that PBT will receive this year without Rezorce costs, which is forecast to drive EPS to 29.5p, so at 278p shares are on ~9.4x PER
Cheap as chips for a company which beat expectations... |
is this trading below book value? nuts if so... |
Share price might have bottomed, but ideally it would be good to see some volume to give some confidence that the seller has finished. Obviously this short term noise is irrelevant over the longer term if the company continues to execute. |
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