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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% | 55.00 | 08:00:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 55.00 | 52.50 | 55.00 | 55.00 | 55.00 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
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 ‘Gamblers̵ A reversal of corporate fortunes often brings out the stock watchers and spurs them into action. On Tuesday 9th January, the Blaydon-upon-Tyne-ba 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.̶ 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’ 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 21:03 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 09/1/2024 09:28 by cliffpeat Something to chew on in the light of the loss of sales and marketing director/personnel during the financial year and other market changes described in the report:*Sales by financial year Market % FY23 FY22 Percentage Change (%) Vending 30.2% 2.6 3.6m -27.78% Gaming 27.9% 2.4 4.7m -48.94% Industrial14.0% 1.2 1.6m -25.00% Financial12.8% 1.1 1.2m -8.33% Signage 7.0% 0.6 0.6m 0.00% Other 8.1% 0.7 0.6m 16.67% Total 100.0% 8.6 12.3m -30.08% *Open Opportunities Market % Volume CPLV(£m) % Vending 30.9% 174 36.9 53.79% Gaming 5.7% 32 12 17.49% Industrial27.5% 155 4.6 6.71% Financial3.5% 20 3.7 5.39% Signage 16.3% 92 3.5 5.10% Other 16.1% 91 7.9 11.52% Total 100.0% 564 68.6 100.00% CPLV = Customer projected lifetime value Innovation – cost and benefit: The engineering and innovation prowess is evident. However, I wonder how much of this work falls into the category of “an answer looking for a commercial question”. a. I’m not a believer in “Build it and they will come” – but neither would I presume to think that Mark Cambridge is that naïve. b. The public-facing aspects of the ZYT marketing is underwhelming. The web-site overhaul is now being addressed at long last. However, the videos of the “new” innovations seem theoretical instead of illustrating delivered specific commercial examples. I hope this too is addressed. c. The 2022 annual report is extremely informative and a key statement from MC was to point out the converting opportunities to sales follows a “well-reported historical average two-year timeframe”. This is expanded upon in the 2023 report today. The tables summarised above perhaps give some indication of the changes in sales mix expectations. When I have time later, I will get GPT4 to summarise Mr Cambridge's "ramble" to extract what might be the key factors of interest to investors. Senior management: The newly appointed chair, Dr Potts does not seem to have been successful in leading the Guralp group which has substantial accumulated losses and only one significant profitable year in the last 6. It is hard to understand the reason for bringing him on board. Will Henry Spain buy on this dip? DYOR |
Posted at 12/7/2023 09:21 by metier9 Not posted for eons but I found some old notes.The property is Land: £207k, Property: Freehold £3,070k and Leasehold £2,463k and the first set accounts on company house pre IPO showed the Leasehold was 999 Years starting from then. Im only posting as its my last share holding and rather not go out on a whimper. The Aruze situation hasn't resolved yet. I guess the Diebold Nixford won't hit much as they mentioned not winning the last ATM contract a few years ago. They did want to try for the next design though. When they installed the second laser machine for redundancy I do wonder if that was a stipulation to win future work. Maybe the investor that joined the board might help to straighten a few things out. |
Posted at 10/5/2023 08:48 by rivaldo Good to see Henry Spain taking a 3% stake here. They seem to be well-established long-term investors who hopefully see good value here: |
Posted at 03/4/2023 16:45 by cliffpeat @Cerrito/1c3479zInteresting to compare with ZYT "[Quixant] is headquartered in Cambridge, United Kingdom, with our subsidiary companies located across the world, in Italy, Germany, France, Finland, Slovenia, USA, Taiwan and Japan. The majority of Quixant product manufacturing is based in Taipei, Taiwan, with Densitron offices of expertise established in Asia, Europe and North America." In their "Gaming overview" they say: "Why customers select us The gaming computer platform is invisible to the player and yet manufacturers expend significant R&D effort to design regulatory compliant solutions in-house. We allow them to outsource this effort by using our purpose-built, off the shelf solutions. We now also offer our computers in a turnkey cabinet solution to allow a complete outsource of everything except the game content." How does this compare to ZYT's sales strategy? [...] FY2022 Q Sales $120m Gaming 62% Adjusted pre-tax profit $10.2m Report PTP $8.8m Z Sales £12.3m Gaming 38% Pre-tax profit £0.7m So Q (or Nextec) is 10x the size of Z and makes a (fairly) comparable profit. |
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." |
Posted at 10/12/2022 10:57 by dimknaf On Tuesday they are releasing their results, and on Monday some value investors have noticed the opportunity, and there is a presentation and discussion for the company at London Value Investing Club. There is also discussion on undervalued retailers.The stock has got extremely cheap again! What we want is a new tender offer! |
Posted at 10/10/2022 09:09 by dimknaf Hey Zytronic fans, today 10-Oct at 7pm some value investors we are meeting in London to discuss Zytronic.Alex, part of the group, will extensively present Zytronic, and has prepared a report that you can find on the page of the meetup: hxxps://www.meetup.c We will also discuss Quiz, another super undervalued stock, and I will share the experience of attending its AGM. You are all welcome to come. Please RVSP. P.S. Zytronic is my largest position |
Posted at 09/8/2022 10:57 by asagi I think that might be correct.JAC Walter is the beneficial owner of the shares and has to report BUT Interactive Investor is the name on the share register and thus the true 'shareholder'. These forms are a right mess but that's not JAC Walter, Interactive Investor or Zytronic's fault. Old days were much better when investors didn't have to fill out TR1s on AIM and could just explain the situation in plain English but I think that TR1s are compulsory now. Asagi (long ZYT) |
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