Zytronic Share Discussion Threads

[my retirement fund] 13/4/2021 15:36

This is looking rather manipulated now, has the house broker been given instructions to keep the price low for another pathetic offer mid summer?

[bones] 09/4/2021 10:08

Zytronic’s Twitter feed is fairly active with its latest developments, many focussed on Covid safety. See @Zytronic https://twitter.com/zytronic?s=21 It might take time but, so long as the R&D function is actively producing ideas, all is not lost. Apart from that, as casinos, malls and exhibition centres gradually reopen worldwide, it should herald recovery for Zytronic’s usual markets. A much leaner Zytronic, cost wise, should also help the bottom line.

[dozey3] 09/4/2021 09:43

All depends what is in the update. But on the whole suggest lack of news indicates market for touch screens remains moribund. What is certain? Death and taxes. But no inheritance tax on these dyor.

[jw330] 09/4/2021 09:17

This needs a trading update to make it shoot upwards. Shares outstanding now much lower than last year so any news of return to normality will have significant effect on the share price.

[dangersimpson2] 08/4/2021 20:24

The company would have to RNS it asap, so it's not them. Could be another larger holder accumulating cautiously though.

[bones] 08/4/2021 17:51

The share price seems to have flatlined for a good while. What I see though is a regular flow of small shareholdings being sold all of which are being absorbed comfortably by the market makers who then declare a bigger trade at day’s end, which are likely to be purchases. Most recently there have been 15k and 10k deals done at 170p this week and a couple of 25k’s the previous week at the same price. It looks like someone is accumulating properly at these levels. Could it be the company under the buyback facility? How often would that have to be declared by them, if so?

[bones] 22/3/2021 12:51

Cannacord late RNS. Possibly due to the share reduction? Numbers suggest they sold some in the tender offer, around 140k reduction compared to their Oct20 holding RNS.

[mr5k] 11/3/2021 16:09

Any bad news and they'll be buying back shares. There is an asymmetry here that benefits shareholders

[my retirement fund] 11/3/2021 15:30

Yes it could be considerably volatile to the upside really I mean is it possible for there to be any bad news we don't yet know about? Really ?? May be worth adding and averaging up now ! Just sayin

[mr5k] 10/3/2021 13:31

I can tell you there's no stock around. It used to be very easy to pick up but in the last two weeks difficult to even get 5k shares on the offered side. I suspect that any good news and this gaps up. 5k

[bones] 09/3/2021 20:55

Perhaps, but if being so conservative causes your institutional shareholders to throw in the towel, I would hope that will give the board a kick in the pants. I am heartened by the circumstantial evidence I am seeing on their Twitter feed of promotion of their new technologies and case studies of its use in industry. Plus, we should see casinos coming back in the Far East and probably the USA in the next few months so this could get their own customers who supply those casinos back into the game after a time lag. ZYT should benefit both from the “restart”; trade and the “rotation to value” that is currently in play. ZYT’s short term chart seems to be telling that story.

[trident5] 09/3/2021 20:38

Building up that cash pile suggests a very conservative Board. It now looks like the buy back may have been at the instigation of the two institutions. I can't therefore see them being too profligate with that cash, especially in these uncertain times.

[bones] 09/3/2021 20:10

Jw330, I see now! Good question and I am speculating that the company would only dive in now if there was a major pull back for some reason. I would think the company would have to acknowledge the shareholders who decided to stay put. If they still feel strongly that the £3M surplus that they did not use is still “surplus”;, they might pay it as a special dividend. On the other hand, business is changing daily and other opportunities could arise. The main thing is they jettisoned two unsupportive institutional shareholders and that could be the ballast sent overboard that allows the company to take bolder steps in business. I have an open mind and hope that the directors do too.

[jw330] 09/3/2021 19:57

sorry wasn't very clear with my comment. I meant the price of the buybacks. If the company uses excess cash to buyback around 3 quid is it still good value?

[bones] 09/3/2021 15:48

I don’t look at price here, but await signs of recovery in the company’s business. All a price target does is put a cap on your potential profits!

[jw330] 09/3/2021 15:32

This looks like the effect of share buyback on the open market for illiquid shares. At what point is this too expensive and not a good deal for the shareholders? 2 pounds? 3 pounds?

[my retirement fund] 09/3/2021 14:25

Looking for £2 level personally

[mr5k] 09/3/2021 09:04

Thanks for that post, Spock

[mr_spock] 09/3/2021 08:12

Interesting new ZYT patent-pending technology. hTTps://www.newelectronics.co.uk/electronics-news/zytronics-electroglaz-delivers-transparent-power-delivery-capability-to-its-portfolio/235237/

[bones] 08/3/2021 13:44

You have to suspect it was they who strong-armed the management into buying back their holdings. It’s good as far as I am concerned. A fresh start for all concerned with unsupportive institutions out of the way. Let’s build from the bottom once more and try to leverage the benefits of the company’s IP which, judging from their recent Twitter promotions, appears to contain some decent innovations. Taken together with the expected resumption of “normal” life and reopening casinos and exhibitions that are the mainstay of ZYT’s customers (which supply those end users) and technology (which the customers incorporate into their products), there is potential for new growth or at least re-growth. Alternatively, ZYT must now be a possible bid target.

[mr5k] 08/3/2021 12:36

So the two main institutions are out! The main shareholders are PIs.

[bones] 03/3/2021 10:37

Good riddance to them. The last thing a small company needs is unsupportive “institutional” investors, so-called long term backers. I refer always to my biggest holding since 2017, RUA Life Sciences, which had Miton as its main investor until 2019 when they bailed out for cash at bottom prices. The share price took off after that deadweight was removed and I hope that happens here at ZYT too!

[cliffpeat] 03/3/2021 10:12

TR-1 notice this morning Close Brothers Asset Management held almost 8% pre-buy back and now just .023%. It seems clear that they value the cash more than the up-turn prospects of the company (or a near-term takeover at a premium). I guess there will be a few more regulatory holding notices in the next few days.

[kiwihope] 26/2/2021 11:49

I was going to take part in the buyback but changed my mind when the price reached 145p a few days before the cut-off date. It was always a 50:50 call for me. I have decided to hold on to all my shares and see what happens over the next year or so. I applaud the company using surplus cash to buyback shares at an historically low price. Much, much rather that than use the cash for an acquisition, which is higher risk and often a bad decision in hindsight. The only better way to use cash IMO is to grow the existing business faster. But I have to trust management that they couldn't do this at the present time. They probably still have enough cash for any future plans they may have. Most of the time slow and steady and sticking to your knitting wins the race (double metaphor!). We just need patience...