Zytronic Share Chat (ZYT)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Zytronic Plc	LSE:ZYT	London	Ordinary Share	GB0006971013	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	392.50p	380.00p	405.00p	392.50p	392.50p	392.50p	14,455	05:00:01

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Electronic & Electrical Equipment	22.9	5.4	29.0	13.5	62.97

Zytronic Share Discussion Threads

Showing 2076 to 2100 of 2100 messages

Chat Pages: 84 83 82 81 80 79 78 77 76 75 74 73 Older

Date	Subject	Author	Discuss
09/11/2018 15:38	Maynard Paton has analysed ZYT as one of a select group of rising-dividend payers over a long period. The link is here hxxps://knowledge.sharescope.co.uk/2018/11/09/screening-for-my-next-long-term-winner-zytronic/?utm_source=ShareScope+%26+SharePad+09.05.18&utm_campaign=2717c3e208-EMAIL_CAMPAIGN_2018_01_03_COPY_01&utm_medium=email&utm_term=0_2d8ede27b4-2717c3e208-99084569 But may not work for non-subscribers to SharePad. I’m a holder, and not inclined to sell anytime soon, but would like to see the co investing more in research.	dozey3	Read Full Thread Reply
28/10/2018 19:33	I have sold out of ZYT. I felt that the Questor tip took them up to an excessive valuation in light of the preceding profit warning. Having done the work setting up a model for these, I will keep analysing them. Currently, the share price would have to fall below 320p for me to be interested in buying.	effortless cool	Read Full Thread Reply
25/10/2018 09:31	With the reduced profit figure, earnings will come in about 21p/22p I think. This means that they are very close to paying an uncovered dividend. It is quite possible that they will have to cut the final dividend. The rise in the interim div now looks a bit premature.	rcturner2	Read Full Thread Reply
23/10/2018 07:38	Questor: the fall in Zytronic shares after its profits warning is a chance to buy on the cheap Zytronic makes rugged touch-interactive displays and screens. Questor says buy Richard Evans 23 OCTOBER 2018 • 7:29AM Questor share tip: Zytronic still has skilled managers, a strong competitive position and robust finances A profits warning from Zytronic, the maker of rugged touch-interactive displays and screens, is an unwelcome surprise. But this column’s faith in the Aim-listed company’s management acumen, long-term competitive position, financial strength and earnings potential is undimmed. So it follows that the nasty tumble in the shares that accompanied the alert has to be treated as chance to dive back in. Pre-tax profits for the year to September are now forecast to come in at £4.2m against analysts’ previous expectations of £5.2m. Some £300,000 of that shortfall relative to estimates rests with the legal costs relating to what chief executive Mark Cambridge described as a “spurious patent claim”. The other £700,000 relates to initial costs relating to new screen designs and production costs at the end of the year. These should start to work their way through in the new fiscal year. If and when volumes start to rise, profit margins could expand swiftly as overhead is recovered This all therefore feels like a short-term stumble rather than anything more serious, such as a threat to Zytronic’s technological edge. The statement from Cambridge, who has over a decade at the helm, did not smack of panic – and investors should stay calm as well. It now looks as if the company’s profits will drop year on year for a fifth time since its 2000 flotation, so at least this column’s forecast of earnings and share price volatility looks spot on. Investors can afford to be patient. Even an unchanged final dividend of 15.2p, added to the increased interim payment of 7.6p, puts the stock on a yield of 6pc. The profit disappointment may mean that earnings cover for such a distribution will be lower than ideal but the balance sheet has net cash. This company has many moving parts and there is much to be done, but the reduction in debt means that there is no need to give up on the turnaround and crystallise losses. Questor says: buy Ticker: ZYT Shares price at close: 385p	robow	Read Full Thread Reply
23/10/2018 06:55	Behind a paywall, but I think we can get the drift: https://www.telegraph.co.uk/investing/shares/questor-fall-zytronic-shares-profits-warning-chance-buy-cheap/	rcturner2	Read Full Thread Reply
22/10/2018 05:53	No, the value I assign here has lowered. I am not sure I would buy in now until I see the final results.	rcturner2	Read Full Thread Reply
19/10/2018 17:14	RCT you buy back in when it went less than 400p, as you said in July?	mattleplonk	Read Full Thread Reply
19/10/2018 08:02	How do you define "demonstrably false" though? In these types of cases quite often one side thinks the whole thing is totally unfair. Zytronic has more than enough financial muscle to defend a frivolous claim, they have millions in the bank. In this case, as I understand it, they had a license under the patent and then stopped paying the license fee but continued to use the technology, hence the court case. Hardly "demonstrably false".	rcturner2	Read Full Thread Reply
18/10/2018 13:37	RCT - I disagree. It would only result in protection against claims which were demonstrably false. Contentious cases would be arbitrated or conceded and settled, as apppeared appropriate based on expert opinion. Few patent cases get as far as a final hearing due to the astronomic costs involved and this results in dubious cases being unnecessarily conceded by the financially inferior party which is itself a major cause of vexacious claims of infringement. I would hope that, as is sometimes the case, the parties have included an amicable cross licensing of all likely relevant existing ip (but obviously not any as yet unpublished inventions) in order to obviate the possibility of further litigation. Unfortunately the use of the word "spurious" rather than the more neutral "unadmitted" leads me to fear otherwise.	boadicea	Read Full Thread Reply
18/10/2018 10:03	These things have been tried in the past but they have never succeeded. If anything a patent insurance would actually encourage people to sue since they know there is money to go after.	rcturner2	Read Full Thread Reply
18/10/2018 09:47	Boadicea Thanks for your thoughtful comments. A mutual PI insurance scheme would make good sense.	varies	Read Full Thread Reply
18/10/2018 09:22	The patent case is curious in that £240k was spent on legal fees in additional to a paltry settlement of £72k on a case which is claimed to have been spurious, i.e. wiethout merit. I suspect that varies is right about the financial logic which points to a deficiency in the legal protection for British companies targeted by aggressive (usually) foreign competition. Perhaps the CBI should consider setting up a mutual ip insurance scheme. A substantial financial protection might deter "spurious" chancers. In the greater scheme of things, this factor is essentially of little consequence for ZYT and the limited dependence of the company on the EU market makes it relatively attractive. Reading the announcement before the market opened this morning but without time to comment, it was clear that a dip below 400p was on the cards and given the current nervous background an over-reaction does not surprise. I see nothing to suggest a material deterioration in revenue and a good prospect of return to better margins as new products settle into production. Initially higher rejection rates are par for the course in my industrial experience.	boadicea	Read Full Thread Reply
18/10/2018 08:19	The claim cannot have been entirely "spurious" since ZYT has paid out c£70K in damages and £240K in costs. This seems, however, to be of little consequence as an incident unlikely, so we must hope, to be repeated. Of more consequence is the expected reduction in pre-tax profits for the year to 30 Sep 2018 to about £4.5 million from expectations (see recent posts here) of over £5 million. I bought some more shares in February this year at 499p and see now that I should have been selling ! Perhaps prospects will look a little brighter once the 2017/18 figures are out. ZYT does have a comfortable cushion of cash to cover its product development programme.	varies	Read Full Thread Reply
18/10/2018 08:19	The legal case is a bit trivial. A £72K settlement plus costs of £240K. They probably settled to avoid additional legal costs rather than having to pay more for the actual claim. I don't hold but big movements in price based on small misses in profits are just one of my gripes about the stockmarket.	salchow	Read Full Thread Reply
18/10/2018 07:12	I think it is bad that they did not RNS the original court case and left it for the TU to admit they have got stung.	rcturner2	Read Full Thread Reply
18/10/2018 06:35	Profit warning!	rcturner2	Read Full Thread Reply
22/8/2018 10:08	Binstead Designs Limited (“BDL”), is pursuing a High Court claim for patent infringement, breach of confidence and breach of contract, against North-East England headquartered Zytronic Displays Ltd (a wholly owned subsidiary of Zytronic plc). Formerly a licensee of BDL, the current dispute concerns allegations that Zytronic Displays Ltd is using BDL’s proprietary know how in the course of its manufacturing activities. In doing so, BDL asserts that Zytronic Displays Ltd is infringing UK Patent 2541336, which teaches an innovative method for forming a touch sensor. The trial of the proceedings, which were issued on 27 November2017, is listed to take place in October ;2019.	zeit1	Read Full Thread Reply
24/7/2018 23:00	Interesting that year on year share price falls have been 2002, 2007,2010 and 2013. The regularity is concerning since we're in 2018 Investigation required.	bscuit	Read Full Thread Reply
24/7/2018 10:34	Tipped in Torygraph too: https://www.telegraph.co.uk/investing/shares/questor-share-tip-buy-touchscreen-maker-zytronic/?WT.mc_id=tmg_share_tw	fredfishcake	Read Full Thread Reply
19/7/2018 13:43	For those curious about today's rise, it's because it was tipped under 'Great Ideas' in Shares mag with 6.2% div yield mentioned in the title. It concludes: Further reassurance comes from Zytronic’s bullet-proof balance sheet backed by £13.7m of net cash (that’s 19% of the firm’s market value). The company has also been paying generous and steadily growing dividends for years. Stockbroker N+1 Singer forecasts a slight dip in pre-tax profit to £5.2m in the current financial year (2017: £5.4m) before surging next year to £6m. (SF)	fredfishcake	Read Full Thread Reply
04/7/2018 12:22	Thank you for the reply, RC. I'm watching and waiting. 400p would appear a very good entry point on the chart...but will it get there?!	gymratt	Read Full Thread Reply
04/7/2018 09:04	I would definitely buy back in at the right price. Part of me wants to see what the full year eps is first. I certainly would want to pay under 400p.	rcturner2	Read Full Thread Reply
04/7/2018 07:58	Are you intending to buy back in , RCTurner? Even after the latest sharp drop the share price still looks to have started an uptrend with a possible 'bowl' forming on the chart. AIMMHO.	gymratt	Read Full Thread Reply
03/7/2018 06:10	EC, pure luck really lol.	rcturner2	Read Full Thread Reply
02/7/2018 13:49	RCT, If you time all of your trades as well as you time your ZYT trades, then you must be very rich!	effortless cool	Read Full Thread Reply

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