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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% 172.50 170.00 190.00 - 0.00 07:32:43
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 2751 to 2775 of 3050 messages
Chat Pages: 122  121  120  119  118  117  116  115  114  113  112  111  Older
DateSubjectAuthorDiscuss
02/2/2021
09:09
That’s too general to say end-of-life products since the forced closure of casinos worldwide, for one, could not be considered a matter of obsolescence. The loss of gaming markets was one of the bigger drivers of the revenue drop. They have plenty of new products and IP but I fear a lack of entrepreneurial energy from the board of directors who are long in the tooth but not so long in the shares! Paul Scott is right about it being a liquidity event. As I said already, a godsend for the large holders who want an exit (ie, stale).
bones
02/2/2021
08:55
Given the general consensus here, interesting that Paul Scott has a different view in his Stockopedia write up yesterday, ending with - "The real reason this company has done badly, is not covid. It's end of life products. It needs to win new business. Since I can't possibly predict if/when new orders would be won, then I've got to say I'm neutral on this share, and personally would be inclined to tender at least the 43% basic entitlement, if I held any (which I don't). For larger holders, the tender offer is a liquidity event which may never repeat, hence I imagine institutions would be likely to tender all their holdings, thus leading to over-tendering, and scale backs on the excess."
gleach23
02/2/2021
08:25
Very useful discussion here. Like many I’m not even tempted at 145p to slice my holding. It is clear that the strike price is out of line with value. Every share they hoover up renders remaining shares more valuable, so sit back and enjoy - like the directors.
dozey3
02/2/2021
07:21
Trident5, no, “long term” is not necessarily stale, but “stale” will necessarily feature longer termers who are fed up with the performance and no longer see the benefits of holding! There is a difference. I think you would know if you were “stale” and I reckon there could be a few. Holding a stock that goes nowhere or down while everyone else seems to be having a ball is a sure fire recipe for staleness!
bones
01/2/2021
22:39
"Hopefully the tender offer will have the benefit of jettisoning the stale and uninspired holders". Bones - does "stale" mean long term holders?
trident5
01/2/2021
22:24
I'm pretty sure there's nothing malign here. Returning such a large amount cash and directors not selling (demonstrate confidence in the business), boosting EPS when profitability returns. It's all pretty straightforward. Colefax have been doing this for years. As others have said, it will be interesting how many shareholders sell. The shareholder base is v retail/private client heavy. HL, ii, Private Stakeholders and Cannacord are fiduciaries, leaving Close and AXA as the only institutions. I suspect that the directors want to clear out as many as possible from HL and ii. Hargreaves Lansdown PLC 1,799,103 11.21 Interactive Investor Trading 1,395,856 8.70 Close Brothers Group 1,277,349 7.96 AXA SA 1,215,000 7.57 Private Stakeholders (UK) 722,538 4.50 Canaccord Genuity Group Inc 712,716 4.44
velocytongo
01/2/2021
22:17
They won’t get an MBO on the cheap. I hope the shareholders fight any cheapskate manoeuvres! As it is, the directors not selling in the tender offer will not make a lot of difference given their puny skin in the game. Still, I respect their judgement in not selling at 145p. Hopefully the tender offer will have the benefit of jettisoning the stale and uninspired holders.
bones
01/2/2021
22:08
Use the companies own money to make MBO easier. Crafty!
my retirement fund
01/2/2021
19:47
Imagine management would like to buy the company on the cheap post the offer, hence not taking up their entitlement, get it for a song!
bookbroker
01/2/2021
17:11
Board voting in favour, BUT not taking part!! If they are keeping them, I think I should to "Accordingly, the Board recommends that Shareholders vote in favour of the Resolution, as they intend to do in respect of their own holdings of Ordinary Shares representing, in aggregate, approximately 1.5 per cent. of the issued share capital of the Company. The Directors shall not however be participating in the Tender Offer."
the squire at oakley hall
01/2/2021
16:18
Velocy - an open offer is when shareholders are given the chance to buy shares. Here we are being given the chance to sell them.
gdjs100
01/2/2021
15:58
Further to my 1080 - Assuming the tender gets taken up in full (which is doubtful) then take out the remaining cash and it leaves the enterprise value at about £10.6m which is only 83% of the 2020 revenue. (These figures are only a rough estimate.) It seems that some here misunderstand what the company is doing. It would like to reduce its cah pile and is OFFERING to buy back £10m value of shares for cancellation (i.e. they will not remain available to be resold or offered as paper in a takeover.) This is not quite the same thing as TRYING and it will not take long to settle - there will be a closing date for the offer. It will only get the shares if enough are tendered. What happens if there is a shortfall in the tender may be decided afterwards. Perhaps nothing , or an on-market purchase authorisation, or a write down of capital and a capital return, or a special dividend. There's more than one way of skinning a cat.
boadicea
01/2/2021
15:45
jw, that's why it's being done as a tender and not an open offer. that way brokers will notify all the registered owners. this is by far the fairest way and everyone gets a opportunity to participate (or not) crys, that's exactly what happens
velocytongo
01/2/2021
14:11
Look at TRMR doing the same thing? share price 85p to £5plus now
football
01/2/2021
13:46
The company is trying to buy back 6m shares in a stock that averages way less than 100k in volume daily. This is going to take ages lol
jw330
01/2/2021
13:46
I think I understand how the process works now. Investors decide if they want to sell a portion of their shares for £1.45. The shares are bought by the broker and then sold to the company who then cancel the shares they have bought. Is that right? This explains VelocyTongo's comment about EPS growth I think.
crystball
01/2/2021
13:29
When/if the business recovers, the EPS growth will be dramatically amplified by the lack of shares.
velocytongo
01/2/2021
12:07
I’m still befuddled by all the sales below 145p. Shows how much impatient, gambling money there is sloshing about in the markets.
bones
01/2/2021
11:48
If the acceptances are very short, their broker is being tasked with hoovering up shares in the market. That won’t be easy but should form a strong floor as any weakness in price should be met by demand from the broker. Should the business begin a recovery, the company could instead start contemplating a special dividend to get shot of the rest of the tender if they do actually have no desire to bolt acquisitions on.
bones
01/2/2021
11:46
Investor's Champion comment: The short term outlook may be challenging, but with some exciting developments on the horizon and a balance sheet stuffed with cash, Zytronic is most definitely a Bonkers Bargain.
energeticbacker
01/2/2021
11:16
I'm still considering whether to tender a few in the offer, but probably won't. I'm happy that the company is doing something with some of the cashpile. I suspect they won't get 43% of the shares tendered, but who knows? It's an opportunity for some largish holdings to get taken out which could hold the price back in the future. It could be interpreted as management having more faith in the future growth of the existing business than an acquisition. I would be concerned that an acquisition would prove to be distracting and I would rather they apply all of their effort to turning around the touchscreen business....fast.....at the moment, cheers
illiswilgig
01/2/2021
10:31
If there are any potential bidders lurking in the wings, this development will surely bring them onto the stage. It may be that there are not.
varies
01/2/2021
10:14
I'll probably take the offer up and then buy them back cheaper at a later date on a bad market day.
my retirement fund
01/2/2021
09:30
I don't understand what today's announcement means. I've not come across this type of thing before. Who is buying the shares and what happens to the shares that are sold by shareholders? Can someone explain in simple terms what it all means and how the offer works?
crystball
01/2/2021
09:24
Why are people selling any at 140??
bones
Chat Pages: 122  121  120  119  118  117  116  115  114  113  112  111  Older
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