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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 2626 to 2649 of 2975 messages
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DateSubjectAuthorDiscuss
12/1/2021
10:38
Inclined to agree with the above post, dynamic leadership does not really pay in this country whereby the market rewards risk takers. And in this case the company is too small to make a big impact with any decision apart from running it in an old-fashioned manner. The leadership here are custodians like in any business, they know their market, and they appreciate demand will return, so patience is the watchword. What is the rush to outperform, fifteen years ago this business nearly failed, but it has survived and thrived, albeit in a cyclical sense. Unfortunately coronavirus compounded a downturn, when it appeared on the route back to achieving good returns and better visibility.
bookbroker
12/1/2021
08:03
investing isn't about buying a good business at any price. I am happy with the risk reward here. It has a greater margin of safety than two years ago. The fundamentals of the business has not changed a great deal and should be back to making money once COVID blows over.
jw330
11/1/2021
16:17
Issue for this business, despite the fact that is conservatively run which has been a boon for it in this situation, it is very small and specific. No good people suggesting taking bigger risks against competition, they will find a place and likely come back, but it requires careful consideration. This time twelve months ago they were seeing a resurgence in interests in their products, and then casinos, etc were forced to close. I’d rather they weathered this storm and come out in one piece rather than handing back cash through buybacks or special dividends. That pays if you have a very strong market position, but not for this one. They have good IP., it is about waiting for normal business to resume in the event that it does. In six months they will know more!
bookbroker
11/1/2021
16:05
Questioning the reason for changes in revenues, profits, share prices, etc is what a good investor does. Blindly accepting that management are the best and shouldn't be questioned isnt going to result in very good investment results because there are a lot of poor managers/directors out there so you do need to do your due dillegence. The share price is 75% down from its peak, they may have generated decent EPS but actual returns for most shareholders hasn't been great as this is the lowest the share price has been in 10 years. These boards exist for people to learn more, discuss and ask questions, if you don't want to do any of those things then why post at all? I appreciate hearing people's views and asking questions, it's how you create a balance argument which results in your choosing whether or not to invest in a business.
jamessmith23
11/1/2021
15:19
Not sure posters here actually hold the stock, but all this discussion is doing wonders for the share price, everyone seems to know more than the management here. Therefore it is only right that’s you inform the board of your intentions to contest them for their positions at the top. Get on with it, and the price might rise!
bookbroker
11/1/2021
14:48
Fair point, 1p, why not a special divi? It’s our money after all; then each of us shareholders can decide what to do with it. Many years of investing has taught me that directors are extremely averse to giving money back. They love taking it, but you see a special divi does nothing for the eps on which many bonuses depend. Whereas, buying back shares increases eps. No particular aspersions on ZYT, the company seems very well managed to me or I wouldn’t be here.
dozey3
11/1/2021
13:51
I find the it difficult to see how a share buy back would work without affecting liquidity, of the 16m issued share cap around 40-50% are held by funds leaving 8m or so free float. AIM rules don't stipulate a minimum but that has to be getting close. Much better I would have thought to re-invest in ew emerging trends such as EV, the ATM market may struggle to get back to previous highs.
1pencil
11/1/2021
10:40
I doubt they need that much capex to ramp up production. It will require a reversal of recent working capital movements but little in the way of capex. And they have kept investing in IP during the recent falls in revenue. It is now about selling contactless touch and antiviral glass technology into customers ready for when the end-demand for vending, gaming, ATM & interactive exhibits returns. In any scenario they are significantly over-capitalised. The good news is they are finally deciding to return the cash to shareholders. They have chosen to utilise share buybacks, and although these are not everyone's cup of tea, if you think the shares are significantly undervalued this is the best use of the cash. For example, if fair value is around £3/share (which would be reasonable based on a return to normal FCF generation) the company buying 1/3rd of their shares back at £1.50/share would increase fair value by 25%. Of course, in reality, if they started buying back stock in size it would clear the weaker holders and the price would go up and they wouldn't be able to get significant volume at £1.50, but then I doubt shareholders would complain too much about the share price rising, especially if momentum traders jump on the rise and take the price above fair value!
dangersimpson2
11/1/2021
10:02
I mean I think that being a small company based primarily within one plant does inhibit the company, hence the number of sales agents in the different global regions. I imagine these might be through third party relationships with other businesses, that I do not know. Nonetheless it would be nice to see something positive stated at the AGM, but I think it will not provide any real update although posters on the thread have remarked upon relationships generating some level of work recently. Anything material to say is remote. So it is about ensuring that they preserve as much cash as possible for any uptick in capital expenditure.
bookbroker
11/1/2021
09:51
Maybe you should write to the management and suggest yourself for the job, up until now they have succeeded in generating pretty good returns on investment. As you must have read their reports in the past you will see that their addressable markets have suffered enormously from the coronavirus situation, in principal the gaming and casino markets. So it is not for want of trying that many of their leads have come from promoting their business at trade fairs globally, which again have been grounded as a result. As for the other parts of their markets in the past, areas like touch screens within the financial sector has seen its best days, nonetheless by looking at their website you may well see they are endeavouring to broaden their business scope. The management have a vested interest in their own futures with the company, so I hardly imagine they are sitting on their fingers wondering what they might conjure up as a result. Credence where it is due, if you are not happy with the stock performance then there are plenty of other places to put your money!
bookbroker
10/1/2021
14:53
#bookbroker The size of the addressable market of ZYT is an unknown (for most of us) - and as you say it is a small company. The turnover and earnings per share trend from 2017 to 2019 inclusive has been downwards. EPS 2017 - 28.8p and for 2019 - 16.8p. So financially turnover was fairly stagnant but EPS almost halved. The question asked at post #930 was "where is this company going" That is why people have been discussing the market place. We perhaps, should discuss the management and efficacy of the marketing and sales teams if anyone has direct experience. Maybe new blood is required to generate upward momentum (when market normalises).
cliffpeat
09/1/2021
17:31
Why the sudden interest in manufacturers of touchscreens, these companies have all been around for sometime, and Zytronic a listed company for nearly twenty years. It is off little relevance, ZYT. is respected in its field, and if anything consolidation may occur. Zytronic is a relatively small company, and more likely to be taken over, but I imagine their market will still exist even through the end of Covid. Most thing is they are still providing services to companies, albeit very limited, but they have a strong balance sheet, and touchscreen usage only going to increase.
bookbroker
09/1/2021
15:26
varies List came from Wikipedia in answer to Cliffpeats query as football says 3M have vacated the market Sorry don't have turnover figures for this list and doubt it's accuracy anyway
the squire at oakley hall
09/1/2021
13:42
Mr_Spock 8 Jan '21 - 16:30 - 931 of 935 5. The sales of gambling machines will come back when the casinos open. I believe most of the casinos are open now in China, so they may get a boost from here? Macau and Vegas have been open for many months. Vegas recently reduced capacity from 50% to 25%. Macau footfall is down about 85% and very slowly creeping up. They are not letting international tourists in yet.
aleman
09/1/2021
13:37
From memory last orders were in October for 3M with last delivery dates in march this year. Covid is impacting everyone, those that are frugal with strong balance sheets should be well placed for any future recovery.
1pencil
09/1/2021
10:30
Squire I am a little puzzled by your long list posted yesterday. Do these companies all make touchscreens ? If so, it seems a very crowded market. Where does ZYT rank in volume of sales ?
varies
08/1/2021
19:46
I’d rather management take a cautious view, after last year and the collapse of their markets, albeit temporary God-willing, they have done a sterling job. Cash is king and the ability to fight another day is more important than making a rash decision regarding any acquisition. This is a niche market, and good times will return, and this company will still be here.
bookbroker
08/1/2021
19:35
That’s Wikipedia for you!
the squire at oakley hall
08/1/2021
19:14
hasn't 3M stop working in this market now?
football
08/1/2021
17:44
Cliffpeat "The disconnect between projected value - end 2018 £65m and 2019 sales £20.1m - is a chasm. Perhaps I have missed the explanation." £65m = life cycle value of Opportunities, Projects life cycle value was £8m - Turnover £20m so could assume conversion of Opportunities to Projects as you would expect. Projects life cycles could be one off's or multiple years ZDL is in Projected Capacitive sector of market (PCAP) Projected capacitive (PCAP) Miracletouch Technology, INC. DMC Co.,Ltd. MNTech Displax TSItouch Inc. 3M Elo TouchSystems faytech GZ EasyTouch Technology Co. Limited Higgstec Inc. Mildex Optical, Inc. New Vision Display Planar Rocktouch Co.,Ltd SCHURTER Input Systems TouchNetix Ltd. Visual Planet Zytronic <--------------------------------- UICO LG Innotek Co., Ltd. Xenarc Technologies
the squire at oakley hall
08/1/2021
17:01
When I think of ZYT, I am reminded of Avesco. Both solid cash earners, niche areas of business with strong IP, cash falling out of their ears yet apparently not interested in acquisitions. Ultimate outcome, it was leapt upon by a larger competitor or company wanting its IP and customer lists, at a 100% premium to its languishing market price. That was nice at the time as a holder especially as it was announced mid-market hours. I am invested in ZYT for both recovery potential (any hint of profit recovery on a newly trimmed down cost base should be a geared play) and potential takeout target (maybe a bid will be made on basis of a distribution of surplus capital beforehand?). There was a trading update in February last year so I guess that will be the next hint of progress.
bones
08/1/2021
16:45
Touchscreens, I like to see a contract with Tesla announced soon!
bookbroker
08/1/2021
16:30
Followed ZYT for three years or so. My impressions: 1. Had a reputation for being conservatively run, and not particularly ambitious. Think they have upped their game in the last eighteen months and now appear to be making more effort - attending more sales shows, etc. That may account for the additional sales staff. 2. I think the 'Opportunities' refers to jobs they are bidding for, i.e. leads, so not definite orders. 3. They appear to have good IP, from what I can see (not an expert in this field), so a potential takeover target? Especially when you consider the high level of cash on the balance sheet? 4. The fall in the number of touchscreen bank ATMs has hurt them, and they need to replace this business from somewhere else. 5. The sales of gambling machines will come back when the casinos open. I believe most of the casinos are open now in China, so they may get a boost from here? 6. I hold a few. Think the downside is limited, and the upside promising, so will hang on to them for now.
mr_spock
08/1/2021
15:12
Disregarding 2020 the ZYT turnover has wavered between £23m and £20m with a steep downward trend in EPS in 2018 and 2019. hTTps://www.zytronic.co.uk/about-us/meet-the-team/ But they have 6 senior people listed as team members who are in sales, marketing and business development. Sales & Marketing Director Sales Manager, Europe, Middle East and Africa Sales Manager Europe, Russia and Eurasia Sales & Support Manager, Americas Business Development Manager, Japan Business Development Manager, China & South East Asia Seems like a lot of resource for such a small turnover. The 2019 annual report is exceptionally well presented and includes a lot of analysis but one part of the CEO's review is confusing: "As at 30 September 2019, there were 494 opportunities in the system with a projected value of £83m, 58 classified as Projects, and are expected to generate £13.4m of sales over their production cycle. This compares with data as at 30 September 2018 of 414, £65m, 41 and £8.0m respectively." The disconnect between projected value - end 2018 £65m and 2019 sales £20.1m - is a chasm. Perhaps I have missed the explanation. The research and development looks very cutting edge and geared to improved products and applications. Where is this company going? 1. Market place: Is the industry supply saturated? hTTps://en.wikipedia.org/wiki/List_of_touch-solution_manufacturers (doesn't include ZYT) 2. Takeover: Is the technical team and existing customer base attractive to a predator - at more than current market cap. of £25m? 3. Cash pile: Is the expected share buy back going to reduce the MV by more or less than the cost? 4. Senior management: Are they engaging in harsh strategy review (such as the Phoenix Encounter Method and the like)? Any views by those who know the company and players?
cliffpeat
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