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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
  0.00 0.0% 165.00 160.00 170.00 167.50 162.50 167.50 1,029 15:03:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 12.7 -0.4 -1.8 - 19

Zytronic Share Discussion Threads

Showing 2726 to 2750 of 3000 messages
Chat Pages: 120  119  118  117  116  115  114  113  112  111  110  109  Older
DateSubjectAuthorDiscuss
01/2/2021
08:57
I agree, gdjs, such as a post-acquisition dividend. I just think it narrows the field of potential bidders to have a lot of cash weighing the company down as it adds an extra layer of complication. Either way, ZYT is a bid target in my book.
bones
01/2/2021
08:55
I'm inclined to pass on this offer too.
arthur_lame_stocks
01/2/2021
08:52
I'm passing. With 9.6m shares in issues the 29p EPS in 2017 becomes 48p. With a multiple of 15 that equates to an share price of 570p. 2019's 16.8p earnings will be worth 28p with the new denominator and that gets me to 330-340p m/c (assuming a 15 multiple) And you still have a valuation that is around 50% cash backed. All this assumes that the business is not completely screwed but the fact that management are prepared to hand back so much cash indicates a reasonable level of confidence that customer activity will resume and the expected losses will be modest if/any in the short term.
velocytongo
01/2/2021
08:45
There is a small hurdle that the acquirer would need to finance a larger deal if the cash balance were included (and any offer premium would appear less generous in percentage terms), but aside from that something could easily be structured where the extra amount of financing needed is paid off by the cash balance upon completion. It's not that unusual.
gdjs100
01/2/2021
08:14
With all that cash sitting there, that makes them less attractive as a bid target as the bidder will have to pay more and there’s usually no benefit from paying extra cash to acquire a company with extra cash. Unless, the bidder is short of cash themselves and wants to use its equity to buy it (but if they are short of cash, their equity might be a suspect currency!). No, I think ZYT is more likely a target with less cash. Despite that, as bookbroker says, the management could have been more imaginative. They are so lacking skin in the game, I think they have given up on the business. Seems to me they are open to offers once the cash ballast has been removed.
bones
01/2/2021
08:14
I'd be surprised if take up is >10% here. Which leaves us in exactly the same position as before!
gdjs100
01/2/2021
08:05
But with all that cash spare they are a sitting duck
my retirement fund
01/2/2021
07:43
I agree bookbroker. With SPAC’s all the rage, a reverse takeover would be a good move. The management appear world-weary and hopelessly conservative. For the latter reason, I imagine they consider 145p a good price. If they do, then I see no point my selling mine. My guess is they probably think there is an army of old shareholders who would be happy to retire their holdings through disappointment with ZYT over the years. Question then is what next? What is the board planning after that? I would be amazed if there is not a more imaginative company out in the field who will see the slimmed down balance sheet and a sheaf of valuable patents and IP and make a bid for it. Perhaps the board have already been tapped up by some parties who would want the company without its barrowload of cash weighing down the balance sheet?
bones
01/2/2021
07:34
Frankly they could do better than that by using the cash to seek to diversify their core business away from touchscreens, management seem to lack any desire to acquire. There have got to be small unlisted businesses out there that would wish for a listing, how about a reverse takeover!
bookbroker
01/2/2021
07:31
Difficult one without clarity on future prospects for touch screens and ZYT's future in the market .
pugugly
01/2/2021
07:27
145p? I think I’ll pass on that.
bones
31/1/2021
14:20
Thanks Tole, an excellent laying out of the case for ZYT. Live link here: httpS://masterinvestor.co.uk/equities/zytronic-i-sense-this-is-a-lot-better-than-it-looks/
bones
31/1/2021
12:53
Keeping my small holding tucked away on a view to recovery fwiw.https://masterinvestor.co.uk/equities/zytronic-i-sense-this-is-a-lot-better-than-it-looks/Zytronic – I sense this is a lot better than it looks
tole
27/1/2021
09:32
I suggest they start looking to invest in hydrogen technology with that cash pile, shame they did not snap up GTC, albeit deviating away from touchscreen. Could have had it last year for £6mln.
bookbroker
27/1/2021
09:26
We should all hope the share price continues to fall into a buy back (btw they can't pay more than 5% of the av of the 5 preceeding days according the AGM resolution). The more ZYT buys the greater boost to future EPS. For example, 22p EPS in 2017 becomes 33p if the denominator (no. of shares) is reduced 30%. Applying a multiple of 15 that gets you to a share price of 450p - considerably higher than todays s/p. Character and Colefax are highly cash generative businesses that have repeatedly bought back shares of the years, which has significantly boosted the value.
velocytongo
26/1/2021
14:30
The 5k trades seem to happen in blocks of several at one time. It suggests to me a decent buyer in size, even if not the company.
bones
26/1/2021
14:14
I guess the MM part of the broker could buy at their own risk and then offer it to the company, but they almost certainly can't be acting on behalf of the company prior to the approval at the AGM. And there would need to be a Chinese wall in place. If the company had told the broker that they definitely wanted to buy after the AGM they couldn't share that with the market making team. A more logical explanation is that people see value at these levels and 5k is a round number that is the right sort of size to trade in for most people and MM's are willing to buy or sell in that amount.
dangersimpson2
26/1/2021
13:49
I've noted a lot of 5,000 share purchases ever since the dip after the "trading update". It occurs to me as a possibility that this might be the company broker beginning a programme of hoovering up loose stock since they already have headroom to do some of that without waiting for the AGM in late February. Is this feasible? I guess the company would not have to declare it until the broker reports its work to them and they agree to pay for a block of the shares?
bones
26/1/2021
10:05
Are you here just to post how shoite everything is, if that's the case can you write it down on a bit of paper instead of on this board?
jamessmith23
26/1/2021
09:36
Share buybacks are shoite
buywell3
25/1/2021
21:49
There are ways and means if the legals get into it. Maybe distribute or transfer the trading subsidiary out of the PLC to be owned by existing shareholders directly. That leaves a cash shell PLC to be used as a SPAC or wound up for distribution to shareholders. Choice is theirs! One for a brainstorm anyway. Zytronic have never been adventurous up to now.
bones
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
20:31
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
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