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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% 175.00 170.00 180.00 175.00 175.00 175.00 57,923 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 12.7 -0.4 -1.8 - 28

Zytronic Share Discussion Threads

Showing 2751 to 2775 of 2925 messages
Chat Pages: 117  116  115  114  113  112  111  110  109  108  107  106  Older
DateSubjectAuthorDiscuss
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
01/2/2021
09:20
Yes, there will still be £4M on the balance sheet and a puny enterprise value of around £10M.
bones
01/2/2021
09:17
A quick back-of-envelope calculation suggests that the valuation (at sp=145p) after the buyback would only amount to about 1.2 times last year's depressed turnover. (But don't trust me - dyor.)
boadicea
01/2/2021
09:06
It shouldn’t take too many investors to appreciate the case being made by VelocyTango to cause the share price to exceed 145p and send a curt message to the board or a signal to its potential suitors!
bones
01/2/2021
09:03
Velocy you have hit the nail on the head there.
gdjs100
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
Chat Pages: 117  116  115  114  113  112  111  110  109  108  107  106  Older
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