Buy
Sell
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
  -5.00 -3.23% 150.00 145.00 155.00 155.00 150.00 155.00 24,643 13:28:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 12.7 -0.4 -1.8 - 17

Zytronic Share Discussion Threads

Showing 2576 to 2599 of 2975 messages
Chat Pages: Latest  107  106  105  104  103  102  101  100  99  98  97  96  Older
DateSubjectAuthorDiscuss
08/12/2020
11:59
mkt cap 22m NTAV 22m. Takeover for nothing.
kemche
08/12/2020
10:24
2 more comments : ZYT has made about 1/3rd of its workforce redundant. This implies a gloomy view of future prospects. With or without a buyback of its shares, this is now a small company and its shareholders might benefit from a combination of ZYT with another business.
varies
08/12/2020
10:09
These results have taken the steam out of the shares for the moment and the American casinos (to which it sells its products with the highest margins) will presumably be very quiet in the first months of 2021 if President-elect Biden has his way. Nevertheless prospects should look brighter in 6 months time. I hope that improvements in other lines of business will compensate ZYT for the decline in sales to casinos. Like others here I have misgivings about the company buying back its own shares as the market cap is only £22 million now and, as we all know, the market in ZYT shares is already thin. I had hoped that the report on current trading would be rosier and that ZYT might even pay a modest dividend on the strength of an expected improvement but respect the cautious policy adopted. On a medium term view the shares still look attractive to me and I would be tempted to add a few more at about 120p if and when available.
varies
08/12/2020
09:40
The quality and growth of the business will be more important than the quality of the management in the long run. In this case we can see at least management is sensible however the business could be stuck in a no growth sector so long term holders still need to balance the risk and reward here. Its certainly not going to be the next growth stock but it has the cash on the balance sheet to stop price from collapsing.
jw330
08/12/2020
08:51
I think these results are really pretty good in the circumstances. I don't know what some of you were expecting. There was a lot of froth on the share price before today and I always felt some pullback was inevitable. Look at the figures - sales almost halved and yet they managed to breakeven before exceptionals. Even after exceptionals there was only a small loss. Cash generation was positive. There is nothing wrong with this being due to reduced working capital. This is expected when sales drop by so much. It shows good cash discipline. Regarding share buybacks, if some of you guys thought the shares were a buy at this price, why not the company? If they have excess cash and can't sensibly invest it in the company then share buybacks are a very good idea. Better that than waste it on some useless acquisition. ZYT management do not hype the results like some companies. They seem sensible, feet on the ground types which suits me. All in all I am actually very pleased with these results.
kiwihope
08/12/2020
08:37
Blue by close?
scepticalinvestor
08/12/2020
08:34
right numpty?
gleach23
08/12/2020
08:19
buywell was right again
buywell3
08/12/2020
08:15
Fairly lumpy and illiquid share. Let's see where they end up at the close of trade. If you entered at a quid you'd still be in a good position
jw330
08/12/2020
08:14
They could easily do a tender offer of say £6m of the cash. I think a tender offer is the best solution because they will struggle to buy a meaningful amount of shares in the market given restrictions on how much they can buy as a percentage of average trading volume.
gdjs100
08/12/2020
08:13
Initial market reaction down - but not sure if share price was over egged in anticipation of better results or a reaction to a possible impression that long term decline in their touch screen technology compared to competitors.
pugugly
08/12/2020
08:06
Because if they have a continued period where they are losing cash, it is better to have that buffer available. From the results they aren't optimistic about when that will be so why take the risk?I'm sure there are plenty of businesses that paid fat dividends and then regretted it a lot later down the line when they needed that cash for survival or expansion.
jamessmith23
08/12/2020
08:02
Pug your right they should pay something but if nothing is for sell why not buy your own shares at these low prices and make bigger returns when we return to profitability
football
08/12/2020
07:58
ZYT always have too much cash, so don't see a problem with share buy backs with the share price as this depressed level. And there is still a tailwind behind touchscreens. That should help.
mr_spock
08/12/2020
07:57
First sensible comment this morning!
bookbroker
08/12/2020
07:56
Pretty happy with these. Cash and property of around £20m, so the business is in for free. And the tone is pretty positive in that business will return. Moreover, in the short term, restructuring changes have pushed gross margins back up to historic levels and they are trading profitably even with current subdued levels of business. Interesting also, after many years, they finally acknowledge they have more cash than they reasonably need!
gdjs100
08/12/2020
07:54
Still large demand for touchscreens in a wide variety of industries, obviously the lack of trade expos has had a big impact to market their wares, but hopefully this will change for the better down the pipe.
bookbroker
08/12/2020
07:51
Depends if their magement team have decided touchscreens are not the market they used to be, I'm not saying they have or not as they'll know more than me but if that is the case then it can be more of a situation where they have to explore new ideas to stay relevant. It also depends on types of touchscreens they produce as I'm sure some are more relevant going forwards than others.
jamessmith23
08/12/2020
07:49
More likely to receive an unsolicited takeover approach.
bookbroker
08/12/2020
07:48
They are not planning to use all of that cash, just a proportion, and it is not set in stone, stop panicking. With rates this low and return on capital negligible there is little alternative, and it would certainly not be wise to branch out in to new products. This company’s forte are touchscreens, etc, best to stick to what you know.
bookbroker
08/12/2020
07:45
100% agree
scepticalinvestor
08/12/2020
07:44
Vote against the buyback proposal - Massive error by the board (imo) Either distribute as dividends and/or invest in new product developments.
pugugly
08/12/2020
07:40
The valuation reflects the net tangible asset, nothing more, nothing less, and the cash is a huge buffer. Buying back shares is just an idea, and the results were well-flagged, so nothing new to report.
bookbroker
08/12/2020
07:39
I agree that its not in a fantastic position. Its a cigar butt situation but the question is has the last puff been taken in these shares?
jw330
Chat Pages: Latest  107  106  105  104  103  102  101  100  99  98  97  96  Older
ADVFN Advertorial
Your Recent History
LSE
ZYT
Zytronic
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210518 01:23:04