Zytronic Share Discussion Threads

[bones] 26/4/2021 16:48

Around 25k of sales today at increasing prices so maybe another similar delayed purchase to come?

[bones] 26/4/2021 16:31

Illiswilgig, the BNY bank is a nominee who would hold the shares on behalf of the beneficiary, in this case Woodlands. I’d be very surprised if whoever filled the form in got the company name wrong but it’s possible I suppose!

[bones] 26/4/2021 16:28

Gleach23, I don’t think they are done yet. The RNS says the threshold was passed last Tuesday 20th. There have been more chunks bought since then and today there has been more lemming like selling and the price is rigidly stuck. The MM seems to be staying put.

As for why they declared at 4%, they probably just didn’t get round to it earlier. Maybe as we are talking about it in public they were reminded? The declaration rules are often ignored for weeks at the AIM level.

[gleach23] 26/4/2021 14:44

Nice call bones!

Do you think the fact that an RNS has now been declared suggests the buying is done for the moment? I guess the clue will be in the reported trades after hours in the coming days but I'm just curious as to what prompts the RNS. If one is required after 3% is breached then presumably one could have been issued sooner, or do they wait for a pause in their accumulation?

[illiswilgig] 26/4/2021 14:29

Bones -

curious indeed!

You were spot on with the 4% and the need for an RNS. Well done!

I see that the full name of the share holder is given as The Bank of New York (nominees) Ltd. Which does appear to be a UK subsidiary of BNY Mellon?

I agree that it seems unlikely that woodland investment management ltd is purchasing on behalf of a BNY Mellon subsidiary.

Also that there is a UK registered company 'Woodlands Asset Management Ltd' which also appears to be a UK subsidiary of a US company.

curiouser and curiouser......

cheers

[bones] 26/4/2021 12:32

Bit of an odd one. That company seems to be a private company run by a guy called Angus Hanton who seems to be a director of quite a few companies in various businesses. Even Woodland Investment Management Ltd is described in Companies House records as being active in these categories:

02100 - Silviculture and other forestry activities
68100 - Buying and selling of own real estate

“Woodlands” being a better description than “Investments”! That said, their balance sheet has a few million on it described as “Investments”. It cannot be ascertained what these are, land or shares?

Their website seems to be here:

Googling the company threw up a blog written by some guy in Wales who noted that the company seems to be buying up slabs of woodland in Wales and, according to him, smells of commercialisation and building of property. Decide for yourself here:



Unless the RNS has the company name wrong, this seems to be the new owner of 4% of Zytronics!

[bones] 26/4/2021 11:52

Voila:



Woodland Investment Management Ltd with 4%. (460,000)

[bones] 23/4/2021 22:01

Looks like 25k today.

I’ve looked back over the trades since this buying programme kicked in around 16th March since when Singer N+1 has stayed fast and hard on the bid at 165p.

Since then, there have been 416,500 shares traded at 170p with all small sellers below that.

416,500 is approaching 4% of the current issued shares. Either there will be a declaration soon or there are separate buyers which seems unlikely.

The more this keeps on, the more I will believe it is the company’s broker. They were short 2.2M shares in the tender offer so, if it is them, there could be a way to go. Maybe there is a dispensation on declarations until the broker has finished? No idea if true though.

That’s why I am surprised that people are selling when there is a clear buyer.

[my retirement fund] 23/4/2021 21:17

Trades ? Really I thought the stock had been suspended!

[investoree] 23/4/2021 18:27

bones there appears to have been another 10K buy today at £1.70

23-Apr-21 16:38:23 170.00 15,000 Unknown* 165.00 175.00
23-Apr-21 16:06:32 170.00 10,000 Unknown* 165.00 175.00

This is getting fascinating IE

[illiswilgig] 23/4/2021 10:13

Thanks bones - very intriguing. Please keep it coming,

assuming it is a PI, then patience will likely be rewarded as the share is basically stuck until there is some positive newsflow, but once (if) it happens the rerating is likely to be very swift.

cheers

[bones] 22/4/2021 20:21

Another 15k today at 170p scooping up that total of sales during the day at 168. I’m finding this entertaining as a spectator sport and, in that vein, intrigued to know how the game will be played out. The more of these 170p deals that go through, the more it seems to be a dedicated buyer with a plan.

[bones] 22/4/2021 12:15

Mattleplonk, the 170p accumulations are well over 1% of the company so far, but I grant you that would be a slow way in for a predator. Nonetheless, if it is patient and there is a line of willing small sellers, I don’t rule it out. Build what you can at a cheap market price and then get busy. As you say, favourite has to be a keen investor, but no certainty in my book.

For info, the market cap is just under £20M. The ADVFN financials number of £27M is based on the pre-tender offer share buyback and is out of date.

[mattleplonk] 22/4/2021 12:07

I don't believe it is company buybacks, wouldn't they have to issue notifications of what they had bought within days of when they bought no matter the quantity? I also would doubt it is a predator, take quite a while to get an appropriate stake at 20k chunks on this frequency imho! So leaves a keen investor.

[bones] 22/4/2021 11:50

Another 20k at 170p late yesterday.

Company buybacks? Potential predator? Keen investor?

It’s clearly one of those and no shortage of small investors happily selling into that demand. I think I prefer the judgement of the big trader.

[bones] 21/4/2021 10:08

In reality, one or more of the MM’s (seems to be Singer resolute on the 165p bid quote) is absorbing all sales paying 166-168 region and occasionally a large trade goes through at 170p which seems to be the buyer. It will be interesting to see how the next update shapes up.

[bones] 21/4/2021 10:02

Any TA experts out there with a view on the one month chart? Hint: it is not suspended!

[bones] 14/4/2021 15:59

Yes, the offer on L2 of 175p has been a false price for ages. Someone (Mr 5k!) paid 174p for 5k though and the bid looks to have gone up (inside the quote) to 167.2p.

EDIT: I can sell a hatful online at 166.75 without seeking a price. They are in demand currently.

[mr5k] 14/4/2021 15:27

It's still quite easy to pick up 5k shares inside the offered side.
Mr5k

[bones] 14/4/2021 13:47

It’s been some weeks now that there is an MM (Singer?) that has been hoovering up any sales and selling them on at 170p. Another 60k @ 170p reported from yesterday. Yet, still, small investors hand their shares out a few pence below this number willingly. Until the signs appear that this buyer is out of the market, it seems daft to sell.

I asked before whether this is the broker actively on a programme to buy back for the company itself since they fell 2.2M shares short of the target at 145p. I don’t know the disclosure rules in this instance. In that absence, it can only be an accumulator of decent sized blocks building a stake. It has all the hallmarks of one buyer in my view (company or someone else).

[trident5] 13/4/2021 16:39

Wow - why complain mate - why not take advantage and fill your boots?

[my retirement fund] 13/4/2021 15:36

This is looking rather manipulated now, has the house broker been given instructions to keep the price low for another pathetic offer mid summer?

[bones] 09/4/2021 10:08

Zytronic’s Twitter feed is fairly active with its latest developments, many focussed on Covid safety. See @Zytronic



It might take time but, so long as the R&D function is actively producing ideas, all is not lost.

Apart from that, as casinos, malls and exhibition centres gradually reopen worldwide, it should herald recovery for Zytronic’s usual markets. A much leaner Zytronic, cost wise, should also help the bottom line.

[dozey3] 09/4/2021 09:43

All depends what is in the update. But on the whole suggest lack of news indicates market for touch screens remains moribund. What is certain? Death and taxes. But no inheritance tax on these dyor.