Zytronic Share Discussion Threads

[my retirement fund] 11/5/2021 08:23

They are probably trying to shake out any weak holders

[bones] 11/5/2021 08:17

VT, I am not convinced there is any big seller. There was a legion of small sellers and the Woodland Investment company seems to have snapped all those up. They declared 4% recently (all bought at 170p) and appeared to carry on buying until last week with at least another 2% snapped up. I can’t imagine there’s many weak holders left after that and the tender offer. This report today should really be attracting new buyers who can see a recovery story. Being small and unnoticed doesn’t help but I think it will filter through eventually.

[bones] 11/5/2021 08:07

Pugugly, it might be worth looking back at the CEO’s commentary in the final results last year. The major killer was the reduction in Gaming and Financial sectors due to the abrupt halt to those sectors due to Covid. The Vending reduction was primarily only due to the non-repeat of a Saudi Arabian one off order from 2019. Vending was not generally impacted.

I think the “pleasing̶1; comment today from the CEO regarding Gaming and Financial carries hints of a substantial recovery in the making here.

[velocytongo] 11/5/2021 08:04

There must still be a seller out there

[bones] 11/5/2021 07:54

Logical observation, Mr_Spock. Plus over 6% of the remaining shares were snapped up by the mysterious Woodland Investments at 170p so the free float is much reduced.

[pugugly] 11/5/2021 07:54

Possible concern nothing that I could see about progress of touch screens orders in markets other than gaming/financial - I thought developments in other markets was the driving hope.

[mr_spock] 11/5/2021 07:48

Yes, and now also fewer shares in issue:

"Following the conclusion of the Tender Offer on 25 February 2021, the number of shares in issue reduced by 28.8% to 11,419,152 as 4,624,889 shares were purchased at a price of 145p and a cost of £6.7m."

[bones] 11/5/2021 07:41

Looks like the MM’s are going to open this slightly down, which strikes me as nuts. However, the US tech sector was trashed last night so maybe there will be a general markdown out of the gate.

[bones] 11/5/2021 07:37

The tenor of the interims is about what I hoped to see and summed up by this phrase:

”However, from January onwards we have seen an improving monthly average order intake, and it is particularly pleasing that the Gaming and Financial sectors have made a major contribution to the improvement.”

The brevity of the interim report is classic Zytronic, with minimal information but a handful of hints. The increase in orders since January suggests to me that the second half will see the bulk of the recovering profitability by way of sales volumes. The path of recoverability on the bottom line could be steep and I hope that will result in the resumption of a final dividend.

[bones] 06/5/2021 14:12

Singer has switched to the offer at 175. Either their buyer is finally done or they are looking to shake out some more loose stock. We must be due another holdings RNS if Woodland were the continuing buyer. Must be pushing 7% if they were.

[bones] 05/5/2021 21:21

On cue after the close, late 175p print for 25,000. More to come I am sure.

Why are people selling into this now nearly two months of solid and obvious accumulation by an investor? Either way, I hope there is a good story to tell at the interims next Tuesday.

[bones] 05/5/2021 11:40

I agree it is all about the outlook. What I do know is that recently the company were falling over themselves to pay 145p and a new investor has been sucking up all the supply to pay 170p for 4% and, on my calculations has since taken it up to 6% assuming the same buyer has been paying for the 170p trades since 20th April. N+1 Singer continues to be firm on the bid absorbing all the small selling, now at 171p which suggests the next declaration of buying trades will be nearer 175p.

[varies] 05/5/2021 10:38

Given the tone of recent announcements, I don't see how these interim results can be good but hope to read that business is now improving.

[bones] 05/5/2021 09:46

Interim results to be published next Tuesday 11th May. Should give some clues to current trading and prospects for recovery of traditional markets like casinos and exhibitions.

[bones] 30/4/2021 11:55

Dangersimpson2, lol.

Singer still bidding being the 170 bid quote. They will pay 171.5 for 10k and 170 for larger amounts. I am guessing the brokers feel they have squeezed out all the easy hanging fruit below 170 and are now encouraging more to sell at higher bids. If Woodland is still in the market perhaps the next lot will go at 175?

[dangersimpson2] 30/4/2021 11:39

The patient does have a pulse!

[bones] 29/4/2021 16:04

Sturmey, yes you are right, it’s all down to their discretionary clients as I see the previous disclosure in March had them going over 5% and now they are back under.

Should get another disclosure from Woodland soon as they have picked up a good 200k since the 20th if all the big round numbers at 170p are theirs. That should take them close to 6%.

[sturmey] 29/4/2021 14:41

BonesRe the Canaccord holding, my guess is that this is the sum of many small holdings of private investors who hold their shares in their Canaccord accounts. But I could be wrong.

[bones] 29/4/2021 14:13

Cannacord been taking advantage of the recent buyer, reduced by another 94k to just below 5%. The buyer at 170 has still been busy these last couple of days and must surely be over 5% now assuming it’s still Woodland. Singer is still on the bid at 165 despite Winterflood marking down on sales.

Seems a good time for Woodland to approach Cannacord and do a deal for the remaining 5% if they are that keen!

[bones] 27/4/2021 18:20

Thanks all.

Another 50k this morning notched at 170 after someone dumped 44k at 167.5. Certainly seem serious dudes and this must take them close to 5%.

[trident5] 26/4/2021 20:46

Bones - well done (I must admit I thought you were seeing things), looks like you forced their hand to make a disclosure too.

[gleach23] 26/4/2021 19:50

Cheers bones. Yes I should have clocked the date on which the threshold was crossed :)

[illiswilgig] 26/4/2021 17:27

Bones - ah, yes. I got that the wrong way around, thanks for pointing that out.

cheers,

[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!