Zotefoams Share Discussion Threads

[battlebus2] 15/1/2014 07:32

Trading Update out, basically inline so likely to drift further while we hope for an improvement in 2014... Still holding these to see if the results in March show some progress.

15 January 2014 - Zotefoams, a world leader in cellular material technology, today provides a trading update following the Company's financial year end on 31 December 2013.

In the fourth quarter Zotefoams continued to experience good growth in sales of High-Performance Products ("HPP"), which was augmented by strong growth in our MuCell Extrusion ("MEL") technology licensing business. However, as anticipated in our Third Quarter Interim Management Statement dated 23 October 2013, the fourth quarter saw lower levels of shipments of polyolefin foams to Europe. This fall is, in the main, related to inventory adjustments at a single large customer who reports that this is due to improved lead times from Zotefoams and continued destocking in their downstream market, affecting their demand levels in the short-term. As stated on 23 October 2013, with the benefit of our shorter lead times, we expect to progress in this market in 2014.

For the 2013 full year we expect to see growth in HPP and MEL, although overall Group sales are expected to show a decline of approximately 5% compared with 2012, mainly as a result of lower polyolefin sales in continental Europe.

For the fourth quarter the euro-denominated price of low density polyethylene (LDPE), our major raw material, remained at a similar average price to the first nine months of the year. Exchange rates were similar to those reported in October with a slight strengthening of sterling in the period, particularly against the US dollar.

Overall the Board expects an outcome for 2013 broadly in line with management expectations.

The Company intends to announce its preliminary results for the year ended 31 December 2013 on Tuesday, 18 March 2014.

[battlebus2] 12/1/2014 16:45

lol, not often you can use that excuse!

[exbroker] 12/1/2014 15:10

No trading statement yet, I asked my man and he sent me the following.
Clifford (FD) stranded in a snow drift over the pond. Early next week we hope.

[battlebus2] 08/1/2014 14:23

Lets hope so exbroker.

[exbroker] 08/1/2014 14:21

Update is this week, my man not sure which day yet, I dont think things have got any worse since last time, lets hope I am right!

[battlebus2] 06/1/2014 13:07

Ticked up ,180 to buy now. Any positive soundings should see a decent rise as will a negative in the other direction lol.

[battlebus2] 06/1/2014 11:58

Trading update should be this week, 9th Jan last year.

[battlebus2] 19/11/2013 16:37

Miton group increasing their stake from 4.91 to 6.06%.

[battlebus2] 17/11/2013 11:43

Columbus wins Zotefoams Dynamics AX project

November 05, 2013
World-leading cellular materials manufacturer Zotefoams plc has invested in a new integrated enterprise resource planning (ERP) system from Columbus Global to support a period of rapid growth and help sustain future expansion plans.

The UK-headquartered manufacturer will go live with Microsoft Dynamics AX implemented throughout the entire business by August 2014.

The ERP investment follows the recent announcement that Zotefoams has entered a joint venture with Inoac Corporation of Japan, further expanding its international presence. As part of a drive to enhance service levels, support growth plans and drive business improvement Zotefoams sought an ERP solution compatible with its multi-site, multi-product strategy.

David Stirling, Managing Director of Zotefoams, said he felt that international consultancy leader Columbus offered the best ERP solution and industry expertise to assist the company on its growth journey.

"The scope of our operations has increased significantly recently. We have three operational sites, sales staff across the world and we supply to over 40 countries globally. " he said.

"We saw the benefits from a fully integrated ERP system which has more functionality and better information management, and felt that Columbus was the most appropriate supplier to provide this to us."

Columbus has provided a powerful, agile, easy-to-use solution that will add value to Zotefoams' existing operational processes. Together with the experience and knowledge of Columbus personnel, the company is set to benefit from a more advanced ERP solution with greater functionality compared to its existing system.

As one of Microsoft's top three global partners in the manufacturing industry, Columbus was best placed to understand Zotefoams' individual needs and how it planned to utilise ERP in order to support its current industry growth. Columbus' knowledge and experience in the manufacturing industry was a key factor which helped it win a competitive three way pitch.

David Stirling explained: "Our planned investment in a new manufacturing facility in South Korea is one of a number of growth areas we see for Zotefoams. A system that provides better business processes and improved information management will help support and sustain this growth.

"Columbus really impressed us when they introduced themselves, their product and their support services to us. They really understand our needs and what we aim to achieve with the system."

Zotefoams' products are used in a wide range of markets including sports and leisure, packaging, transport, healthcare and the military. They also license Intellectual Property and sell related machinery for microcellular foaming in polymer extrusion processes.

Mary Hunter, MD of Columbus, said: "We are very pleased to be able to support Zotefoams and we hope to make them more successful by adapting and implementing our proven ERP solutions.

"Our solutions often meet 80% of the industry requirements right off, and with individual adaption we hope to maximise Zotefoams' efficiency and overall business performance."

The project is currently on track for successful go-live in August 2014.

- See more at: hxxp://www.columbusglobal.com/en-GB/Shared/News-pages/UK_news-pages/News-Article-Pages/2013/Zotefoams-win#sthash.PFORWDms.dpuf

[battlebus2] 25/10/2013 12:52

Slowly recovering lost ground.

[battlebus2] 23/10/2013 13:39

Hi Woody thanks, yep it doesn't look great given the previous RNS but i'll stick to my three strikes and your out policy, this is number two. I'm still sitting on a decent profit here given most of my purchases here were made in the late 60's otherwise i may have sold. I still see this company being very successful in time and was surprised to see such a mark down this morning as very few would sell at 160 so a nice bit of recovery since. Won't be buying any more as it's still 8% of my portfolio. Patience required i think. GLA.

[dozey3] 23/10/2013 12:24

Beware cliley454. Seen on other boards and may be a robot.

[cliley454] 23/10/2013 09:49

No reason for this mornings drop imho and should recover shortly.


Off topic, take a look at GWMO, worth a look. I just posted some research on the bb.

[woodcutter] 23/10/2013 09:01

sorry b2 doesn't look good this morning.

i've kept it on my watch list since i sold way back. The last few rns's were very similar to the ZYT noises before it dropped so i kept out. I haven't bought this morning couldn't get an electronic quote with TD so didn't press it. It's very tightly held and not many selling on this news so i figure it'll return to previous share price highs sometime over the next year assuming stocking improves.

Look at ZYT, i held mine, i didn't top up on the drop which i should have done. I'm almost back to break even there now and will top up on any further weakness.

I think the same here too, had i held i would have pushed harder this morning to get some. I'm finding my portfolio size is making it difficult to buy into the smaller share illquid stocks in any volume and am having to look a little larger liquid market caps so i didn't push it on the drop today.

From memory i recall you hold quite a sizeable portfolio which isn't my forte, as you know i tend to go heavish on a smaller number. So the drop didn't work for me as a non holder.

Glad your feeling better, a freind of mine had a similar event and also had memory difficulties but it has improved over the years. I'm off for another cardioversion soon after my embolism earlier this year. Mrs WC says it's an age thing, she spends too much time down at the gym, perhaps that's my problem, i don't spend any! And she tells me golf is a poor substitute.

Woody

[janeann] 23/10/2013 08:11

This has been savaged this am. As I read it, things should start to improve in 2014. De-stockong by customers was first reported some months back - and is still a cause of the poor performance; surely that should be changing by now?

[battlebus2] 23/10/2013 07:54

Looks like i'm in for a big hit this morning :(

[battlebus2] 23/10/2013 07:04

Disappointing update this morning but growth expected in 2014 if you can wait.

[battlebus2] 18/10/2013 20:39

Thanks gleach23 not bad but i'm finding the worst thing is my memory is totally shot! Don't know how this will go given the last RNS but not for selling anytime soon.

[gleach23] 18/10/2013 17:52

hi Battlebus...hope you've been recovering well? :) I haven't been in these since January but the update should be interesting in terms of the effect on the chart, given where it is at this point. Good luck and I'll be keeping an eye out.

[battlebus2] 18/10/2013 16:17

Moving up maybe ahead of next weeks update.

[battlebus2] 30/9/2013 20:30

IMS at the end of October usually so a few weeks away.

[battlebus2] 27/8/2013 21:43

HydroZOTETM is poised to be an agent of change.


hxxp://www.zotefoams.com/downloads/library/447_Zotefoams%20%20ONEILL%20Waterski%20Vests.pdf

16 August 2013
Zotefoams to Supply Ultra Light-weight, High Performance HydroZOTETM for O'NEILL Competition Wakeboard and Water-ski Vests
San Diego, CA - Tecniq LLC and Zotefoams, Inc. announced today the commercial launch of a new breed of floatation foams branded HydroZOTETM. The foam is ultra light-weight, virtually waterproof, and measurably more buoyant than competing floatation foams.
"Water Sports/Flotation Industry products, and pool floats are just a few of the types of products that HydroZOTETM will add meaningful value to," said Trey Moody, Sales & Business Development Manager at Zotefoams, Inc., the manufacturer of HydroZOTETM. "The added buoyancy and reduced weight per capita are critical factors in setting HydroZOTETM apart," Moody explained.
HydroZOTETM has already proven its effectiveness in such extreme environments as big-wave surfing. While working in cooperation with a consortium consisting of professional big wave surfer Ian Walsh, his sponsor Red Bull, and product development company Tecniq, Zotefoams
was able to provide a thinner, lighter, higher performance product. "HydroZOTETM" is amazing, the foam is so light-weight that it really gives me an advantage over what I was using before," said Ian Walsh.
Recently, the iconic global surf and water sport brand O'NEILL took an interest in the use of HydroZOTETM for competition wakeboard and waterski life vests. O'NEILL plans to release a series of products utilizing a special blend of the foam that they coined NytroLite Foam with HydroZOTETM by Zotefoams. Be on the lookout for the O'NEILL life vests exclusively using HydroZOTETM foams in stores in 2014.
"The foam (HydroZOTETM) is definitely a game-changer," said Rob Falken, Managing Director at Tecniq LLC. "Personally, I'm really excited about the environmental process utilized to manufacture it" he continued. HydroZOTETM closed cell foam is produced in Zotefoams exclusive nitrogen expansion process. The foam contains none of the carcinogens found in competing floatation foams and uses no blowing agents. It also doesn't out-gas, which means there is no Chlorofluorocarbons (CFC's) or hydrochlorofluorocarbons (HCFC's). Leaner, meaner, and greener, HydroZOTETM is poised to be an agent of change.

[exbroker] 07/8/2013 14:22

Investec forecasting same again EPS of 11.6 for the year and 12.7 for next.
The joint venture is very good news and will boos sales in the short and long term, and who knows IONAC are a very big company and may want to own all the IP and production facilities of ZTF one day.
MEL and the HPP are the icing on the cake, this is a tuck away and forget stock that could really deliver over the next few years, limited downside as the PVDF business is strong and diversified by industry and increasingly geography.

[battlebus2] 06/8/2013 07:18

Disappointing numbers this half but divi maintained and outlook expects the year to end similar to last.

Highlights

-- Group revenue down 6% to GBP23.22 million (2012: GBP24.81m)
-- Polyolefin sales down 9% reflecting destocking and lower European demand from customers
-- High-Performance Polymers ('HPP') sales up 15% to GBP1.97m (2012: GBP1.72m)
-- MuCell Extrusion LLC ('MEL'), our technology licensing business, increased revenue by 22%
-- Group profit before tax down 28% to GBP2.52 million (2012: GBP3.51m(1) )
-- Interim dividend maintained at 1.7 pence per share (2012: 1.7 pence)
-- Asian Joint Venture agreed on 11 July 2013

[battlebus2] 31/7/2013 22:47

Another good day, looks like someone wants the stock.