Zytronic Share Discussion Threads

[velocytongo] 23/1/2021 08:54

Haha Book, at least I’m happy to pay tax and help my fellow man. When you call someone scum I suggest you look hard in the mirror.

[charlotte2020] 22/1/2021 21:47

So vc and pe have looked at this and when the shares were a quid didnt like it. The board have been like rabbits in the headlights.

[bookbroker] 22/1/2021 21:44

But a VC. might be interested, on the basis of an improvement, AGM will enlighten holders.

[bookbroker] 22/1/2021 21:42

All cropping up here, posters who have been on ADVFN for about a year or two, fascinating!

[charlotte2020] 22/1/2021 21:28

There isn't a great deal of point in Zytronic being a quoted company. More than half its market cap is cash which the company have sat on for years. They can't buy back the shares because there isn't sufficient liquidity left over. They won't pay a special divi because private shareholders get stung with tax. They should put themselves up for auction or take themselves private.

[velocytongo] 22/1/2021 19:48

You still don't get it. Stay off the keyboard! Vtongo

[bookbroker] 22/1/2021 19:04

Take it you are bored of commenting on the Dignity thread VT., why you have popped up here suggests you and JS are an item, you appear like you like to scrub each other’s backs.

[bookbroker] 22/1/2021 19:03

Take it you are bored of commenting on the Dignity thread VT., why you have popped up here suggests you and JS are an item, you appear like you like to scrub each other’s backs.

[bookbroker] 22/1/2021 19:00

The company I work for has lost £500K in turnover, as it had an outside events business which was completely wiped out.

[bookbroker] 22/1/2021 18:58

I’d be intrigued to know what you do for a living, conscientious objectors?

[bookbroker] 22/1/2021 18:56

I do get it, because I work in business, just that you are being irrational. The company I work for received £25K back in March, 2K in November, and £4K this time. We were furloughed because our jobs are important to us, and the business would not have survived with the payments due to our suppliers, and the inability to generate cash flow as a result of being forced to close. You are the ones who fail to grasp the impact of forced closures on businesses.

[bookbroker] 22/1/2021 18:51

As for moral conscience, thousands of companies that were asked to close back in March 2020 received grants in compensation which they will not have to pay back, some fraudulently making claims, all the bounce back loans not used for the purpose of sustaining the business, and on and on. Think about it!

[bookbroker] 22/1/2021 18:46

It is not a moral obligation to pay it back at all, businesses such as this have had their opportunity to continue trading naturally destroyed by coronavirus restrictions. It is like suggesting the Chinese should be held accountable, and should compensate the rest of the world for the value destruction amassed by the rest of the world. I understand what you are saying, but it is all hypothetical, do you know exactly if and how much this company has benefitted from the furlough, and should they not have ceased all those apprenticeships, and the aspirations of young people, and the fired remainder of the workforce bar the ones necessary to continue fulfilling the work in progress and such contracts. You are being totally unrealistic, why not suggest Rolls Royce, or any other company of comparable size.

[jamessmith23] 22/1/2021 16:43

We're well aware why the business has cash, it has consistently held high levels of cash for years... Don't assume people are ignorant just because we have a moral conscience.I agree struggling business in terms of availability to pay it back shouldn't, but ZYT is not in that camp, yes they aren't making profit in this environment but that's not the point I'm trying to make.This is one of those things where if you disagree it is based on a fundamental belief and it won't change so not a huge point in discussing it. I believe it is a moral obligation and you don't, fair enough.

[gdjs100] 22/1/2021 12:39

Strongly agree with you here bookbroker. The company were clearly impacted and should not be penalised in having to pay back money from the furlough scheme used for its stated intentions just because they hold net cash. If we're going down that route, maybe ZYT should not take "patent box" tax relief also, because we can afford not to? Maybe I shouldn't put my money in an ISA because I can afford not to? It's nonsense thinking!

[bookbroker] 22/1/2021 11:54

Higher taxes are inevitable, there are going to pay rises for NHS staff, more police, and more of everything relating to Govt. It is time to start asking people to pay for doctor’s appointments, reduced payments to families with more than two children, etc. Large families are a huge drain on resources relating to healthcare.

[bookbroker] 22/1/2021 11:52

That is without doubt, personally I think the Govt. has been generous to big and small business alike, but the small businesses are the backbone of any economy. Higher inflation will reduce the Govt. debt through higher taxation revenue, but they are currently being very generous on VAT and longer payment times for corporation and personal taxes. It is no good singling out any specific company, but the Govt. will be paying higher unemployment benefits if they curtail business tax relief.

[velocytongo] 22/1/2021 11:45

I already do that (and see the need) and hence the imperative for the Govt to recoup as much furlough as possible. Otherwise, it's much higher taxes.

[bookbroker] 22/1/2021 11:37

And if you hold stock here I suggest you sell the holding, there are plenty worse off that would welcome your largesse by giving them the proceeds, just take a trip to your local food bank and start dishing out the money.

[bookbroker] 22/1/2021 11:35

Most investors have seen dividends slashed, and capital value on most stocks diminished. Ever heard of the risk premium you pay to hold stocks!

[bookbroker] 22/1/2021 11:33

Amazing that posters here have such a conscience, have any of you ever received any benefit such as free health care, child support. Maybe you should think about paying it back if you can afford to, as should you have any spare cash I’m sure the Govt. would appreciate your sense of obligation.

[bookbroker] 22/1/2021 11:30

This company is not accumulating cash through the scheme, I can’t believe the ignorance of posters here, the reason it has higher levels of cash year on year is the fact that they have worked through their inventory completing existing contracts, and not deploying new capital to supplies. Read the bloody reports!