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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zytronic Plc | ZYT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 54.00 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.50 | 52.00 | 54.50 | 54.00 | 54.00 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 19/12/2024 17:04 by latehouse I guess the entry of Henry Spain to the board is to safeguard their interests (and by extension the interests of the other shareholders) - which is a positive.As time progresses, IMO the sale of the business as a going concern becomes less likely and I really can't see NEXTEQ being interested other than perhaps in some of the patents applicable to Gaming or their Densitron subsidiary - certainly not the plant/equipment much of which is quite specific to Zytronic's wire 'printing' method of touchscreen production. Maybe another touchscreen controller/chip manufacturer could conceivably be interested in relevant patents? A couple of the big, well known ones are Synaptics and Microchip. Unfortunately, with the November strategic review announcement, as noted, the competitors will have been immediately approaching ZYT's remaining customer base, and distribution channels, and strategic purchasing decisions will have been made or are being made, which exclude ZYT. As a consequence, I would expect ZYT to be issuing Last Time Buy notices to bulk up their order book short term. I also note that looking at the 'Meet the Team' website page, they have removed their Asian sales staff suggesting these have been let go, and I would expect the US will be next. It all stacks up with the business being a 'dead man walking'. Hindsight is a wonderful thing, but if only the millions used on the conservative share buyback to satisfy the bigger institutional investors had been spent productively and with more foresight and vision on an acquisition...it's a very sad end for the un/semi skilled workforce, with the BoD likely to walk away with chunky contractual payoffs. |
Posted at 26/11/2024 20:25 by latehouse Yes, very interesting Desert Island Investor post and thanks for creating and sharing @MarkAtkinson. I hope the Chairman, NEDs and larger investors are pushing for sale quickly now. The ‘cat is out of the bag’ and opportunistic competitors will be sowing seeds of doubt in ZYT customers minds. No observant client in their right mind will now be committing to long term design-in projects, which will expose their supply chain and product development plans. ZYT have never operated in markets/sectors where purchase decisions are made quickly. However, The longer a sale drags on now, the true value that a prospective buyer sees in the business will diminish as customers busily work to design ZYT out of their current and future products |
Posted at 23/11/2024 12:05 by cliffpeat @MarkAtkinsonThank you for the link to the candid interview with John Walter (5% holder). It confirms many of the views expressed on this investors' board and JW concludes that 1. a sale would probably be the best option for shareholders 2. That they have some good tech people 3. That there is probably not any or much upside in the property value beyond the balance sheet figure (as confirmed by the company in RNS) 4. In his view the CEO/Exec Chair had no strategic growth vision, didn't like "oversight" from JW as a NED, didn't invest appropriately in R&D when they had the money and that the share buy-backs went on too long. I hope that JW, MA and Henry Spain are all using their contacts and resources to let as many prospective buyers know of the "For Sale" sign and are analysing the positive potential value and cost savings/profit contribution that a buyer might be attracted to. I watched at x1.5 speed and skipped some of the interesting background on JW - which I will watch later. Is it a buy now? Well - Have a listen and make up your own minds :) |
Posted at 23/11/2024 03:21 by markatkinson On this latest Episode of the Desert Island Investor, we are joined by my good friend John Walter who holds 5% of Zytronic and served on the Board as a non exec Director. |
Posted at 24/10/2024 14:46 by latehouse As @cerrito notes, the highly scripted call ended very abruptly - as if management begrudged the time and couldn't wait to skeddadle. I don't think small shareholders will have much of a say in the direction in truth (either sell or liquidate) - the bigger investors are pulling the strings now I think. But I am pretty sure the 'Transformation' is a non-starter IMO. As they said, the end customers now want a finished solution (display + touch, both properly specified and integrated according to end use) not individual components. To move up the value chain, ZYT would have to acquire a display company or JV/partner with one. They don't have the chops for the former, and as for the latter, why would a display company give up their hard-won position at the ear of the end customer. I don't buy it. More likely that a display company buys ZYT in my view - but only if they see value in the IP and the oft cited 'world beating' electronic controller tech. My personal fear is that this advantage has largely been squandered by a lack of ambition some years ago, and now the chickens have come home to roost. |
Posted at 24/10/2024 10:08 by cliffpeat Sale of ZYT.Is there any way we "small" investors can help to identify potential bidders and let them know of the opportunity? ChatGPT 4o has produced a list of UK based companies broadly in the same general market to ZYT. I am sure that Mr Cambridge will know most of the companies for whom ZYT might be a good fit. I hope that the company has already produced a Sale Memorandum. If 4 or more independent bidders can be found then it may be "game on". Is the sum of the parts greater than the whole? - if so, it might make it interesting as a trade sale to a PE funded fast-growth business. Any thoughts on how we can influence the next step? |
Posted at 17/10/2024 09:37 by chrisdgb Legendary value investor in our ranks..... |
Posted at 15/9/2024 18:03 by latehouse I’ll be pleasantly surprised if proved wrong but personally don’t see any more news coming out prior to the YE TU. Opportunities for entrepreneurial activity have gone along with the cash pile, used to allow big institutional investors to cash out. Best hope I see now is an acquisition by another. Romag (which used to be connected to ZYT) nearby was acquired by the Swedish Dellner group a few years ago. Dellner are clearly on the acquisition trail, but remains to be seen whether they view ZYT as a good fit. I don’t see Quixant as a buyer - they tried and failed with their own display related venture. Do your research. Without such a change, and with current stale management in position, I don’t foresee a good ending here… |
Posted at 17/8/2024 20:14 by latehouse Latest investor would seem to be positive….one only hopes they are an active investor and shake things up here. Board changes don’t appear to have done anything to stimulate management.Utter lack of news regarding wins, growth, case studies, all suggest a company on the slide. |
Posted at 16/8/2024 15:36 by cliffpeat Peter Gyllenhammar AB - extracts from website:"PGAB is a proactive owner with significant in-depth involvement in the entities and assets in which we invest." "Publicly traded investments PGAB invests in shares and convertibles, both in listed and unlisted companies usually with a long-term perspective and a proactive investing role. Most often PGAB aims to establish a position as the largest shareholder in the companies in which we invest, our investment profile is typically that of a “proactive investor”. PGAB traditionally prefers to invest in industrial entities, we are typically long-term holders and also involved in strategic development within the companies in which we invest." Significant shareholders as at 30 April 2024 were: Hargreaves Lansdown PLC 1,323,798 13.03% Abrdn PLC 1,111,190 10.94% Henry Spain Investment Services 1,017,942 10.02% Barclays Bank 544,283 5.36% Mr J Walter 512,000 5.04% The share price was not significantly moved because it appears that the purchases (50k) on 14 August probably just tipped the holding over the 3% threshold. The book Free Capital which has a section on PG is here: |
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