[ADVERT]
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 -2.78% 175.00 170.00 180.00 180.00 175.00 180.00 50,618 08:33:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 12.7 -0.4 -1.8 - 20

Zytronic Share Discussion Threads

Showing 2701 to 2721 of 3050 messages
Chat Pages: Latest  110  109  108  107  106  105  104  103  102  101  100  99  Older
DateSubjectAuthorDiscuss
25/1/2021
20:31
Assetco is now a cash shell aka a SPAC with Martin Gilbert of Aberdeen AM fame to use it as vehicle to buy up fund managers. The driving force behind that is Chris Mills of Harwood who successfully sued Grant Thornton for negligence which resulted in a large cash pay out for shareholders. I sincerely doubt that Zyt will be a spac. The issue here is the mechanism for the cash return - special div or share buy via tender or direct open market purchase. Alternatively there could be a sale of the business which could result in a cash shell but that seems quite unlikely.
velocytongo
25/1/2021
20:20
Intriguing, dangersimpson2. Guess we wait and see.
bones
25/1/2021
19:57
bones, Interestingly, that is what Tudor Davies has effectively just done at Assetco. Yes, that Tudor Davies. He probably has his hands full with ASTO though.
dangersimpson2
25/1/2021
18:34
Better buy ahead of the AGM to ensure the shares are up and to make certain that any buy back happens at a fair price. It will be interesting to see if they do an open offer (as recently happened at AssetCo - Tudor Morgan (the Chairman) was the CEO and they tended for 50% of the shares via an open offer) or just buy back large blocks from institutions. VTongo
velocytongo
25/1/2021
18:31
thinly traded shares always going to be volatile. Definite hold due to their solid balance sheet unless management does something ridiculously stupid.
jw330
25/1/2021
18:15
It may be that the small size and restricted marketability of a company leads to more pessimism as regards recovery than for major engineers such as Meggit or even RR. My judgement fwiw is that ZYT is a solid hold on a 12-month+ view for recovery, whatever the management decide to do with excess cash, other than pocket it themselves of course.
dozey3
25/1/2021
17:47
I am here for the recovery I expect, but even if in doubt would be holding for the AGM. They can't be any less dreary on the outlook than they have been in December and January, surely? With all that cash, a reverse takeover of a much bigger private high tech business would fit the bill! They are almost a cash shell as it stands. Call themselves a SPAC and watch it fly....
bones
25/1/2021
17:21
The recent lack-lustre "Investors Relations Video" by the CEO and the appallingly ambiguous recent stock market update suggest that some additional skills/talent are required in the Boardroom. Not to take away anything from the innovative designers and product developers and prudent build up of cash for a rainy or Covid-19 day - it's just that (at a guess) they may need support in planning a more dynamic future for the business (or a sale). The latest "Corporate Video" is "tidy" but so generic that it's difficult to see what the objective was. hTTps://www.youtube.com/watch?v=5p8PGDJAlTI Why not show an excited designer and/or engineer walking us through a real "bespoke" case study. That might convincingly demonstrate how the ZYT technology can solve real life problems and create value? Anyway, what do I know? Currently weighing whether to stay in (recovery/sale) or get out now.
cliffpeat
25/1/2021
15:54
On 8th December 2020, Zytronic said: "The Board considers that a large proportion of these cash balances are surplus to current requirements, and it may be appropriate to distribute this surplus cash by a share buy back, and will seek shareholder approval for the requisite authorities at the next general meeting." What do they mean by "large proportion"? The majority of the £14M or a large minority of it? On balance, it sounds like over £7 Million. That's over 5 Million shares at current prices, for a share that barely trades 1,000 without moving one of the market makers' quote. They also just released a random "trading update" that was both vague and seemed to just repeat what was said in December. The cynic in me would argue that they wanted to damp down the share price quote ahead of the AGM on 25th February because it was starting to forge upwards. So, what will be the floor price for these buy backs? The cash currently accounts for about 75% of the market cap so it cannot be much lower. Then, who will sell to Zytronic when no credit is being given for its ongoing business, even if the current outlook is depressed (but no longer declining apparently)? Something does not square here so what gets said at the AGM will be interesting. Perhaps the management will give us some clearer guidance on intentions at that time. It does bug me a little that the management have each got less than 1% of the shares. That's a bit of flakey "skin in the game"! I remain long for the recovery prospects.
bones
25/1/2021
09:32
the trading update was shoite imo
buywell3
24/1/2021
17:23
I read that Pug. It would be better for Zyt to hold onto the cash and buy something cheap that compliments the business. Either a customer in an adjacent vertical or products that fit with the strategy. Or you can read Howard Marks's recent articles on valuation, which point to sustained and continued rally - on the basis if Facebook, Google etc are not expensive as they have of global runways then the US is not overvalued. You can make your own decision on that view. Vt
velocytongo
24/1/2021
16:42
The bubble view from a very well respected investor - Could he be right again? or is it different this time? History is on his side but timing is a moveable feast- WAITING FOR THE LAST DANCE The Hazards of Asset Allocation in a Late-stage Major Bubble Https://www.gmo.com/europe/research-library/waiting-for-the-last-dance/ Cash holding gives significant downside protection
pugugly
24/1/2021
15:07
You are so right, James. Let us all tolerate each others' views, however contrary some of these may seem. I find many of the posts here helpful and informative.
varies
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.
velocytongo
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.
charlotte2020
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!
bookbroker
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.
charlotte2020
22/1/2021
19:48
You still don't get it. Stay off the keyboard! Vtongo
velocytongo
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
Chat Pages: Latest  110  109  108  107  106  105  104  103  102  101  100  99  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:20210917 01:40:39