Zytronic Share Discussion Threads

[gdjs100] 26/5/2021 16:39

ElectroglaZ looks great. The litmus test is how well they can sell it, and whether they have the will and the resources to do so.

[trident5] 26/5/2021 16:23

What need do they fulfil?

[boystown] 26/5/2021 16:15

Looks superb to me - possibly a bit of a game changer even, or is that going too far?

[bones] 26/5/2021 15:26

Would any long term silent investors care to comment on the potential of these designs? I think I like them a lot 😎

[bones] 26/5/2021 15:08

Yes, I’ve pondered a lot of those in recent weeks on here. Plus the potential of ElectroglaZ, etc. One or two have joined that debate but noticeably not those now complaining about micro talk. It would be nice to hear their theories on these more important matters to round out the debate a little.

Share is up 2.5p by the way ;)

[sturmey] 26/5/2021 14:09

I'm with Dozey on this. I bought my first tranche of ZYT in 2013. Topped up several times since. Even been to 2 AGMs.

I can't see the point of analysing and commenting on micro market activity.

More important issues to ponder on. Take-out by private equity? Recovery of casino market? More share-backs? Why are Woodland buying? Who (or what) is Woodland?

[mr5k] 26/5/2021 13:34

Some people like noise. Just saying😊

[trident5] 26/5/2021 11:24

GL - aren't you kidding yourself though? Does this analysis give you anything actionable?
More buyers - price rises.
More sellers - price falls.
That's about it.

[gleach23] 26/5/2021 11:07

Lighten up dozey...just because you might not find it useful. I do. It takes all sorts to make a market ;)

[dozey3] 26/5/2021 10:55

Come on you two. What next? Minute by minute prices and deals. Just chill unless you have something useful to say.

[gleach23] 26/5/2021 10:46

Thanks bones, yes I notice now the date/time of the 2 15k trades is the same. Nice to see the most recent trade go through @ 163....about time the headline quotes shifted.

[bones] 26/5/2021 10:39

Promising signs for sure, gleach23. I think today’s 15k is a repeat of yesterday’s but still some 40k is a sure sign of demand.

[illiswilgig] 22/5/2021 11:32

Still looking at the chart on slide 12 (page 13) in the interim presentation. Thank you cerrito for pointing me towards them. I don't normally find these presentations very informative just the results plus more PR waffle - but in this case they are informative and unambiguous in the main.

The number of current projects has fallen from 36 to 22 - which at first seems worse.

However the value of current projects has risen 2.5x from 2.5m to 6.1m.

Meaning each project being followed to turn into an order is probably a lot larger than previously. Though it might mean that one project is 5m and the other 21 are worth 1.1m? Can't tell.

But either way it helps to focus the sales team - and presuming that these most likely prospects are converted to orders - being larger - they should be more efficient in production?

My back of the envelope forecast is for H2 sales of 6m - which might seem aggressive. But it's less than the current value of projects whereas H1 sales at 4.8m was twice the value of projects at the time! Which might underline the cautious optimism of management as it shows both projects and orders tracking upwards and in larger values?

None of this means anything if the progress does not continue to track upwards - and on this my crystal ball is currently silent but the tea-leaves are looking better?

cheers

[illiswilgig] 22/5/2021 11:08

cerrito ref: page 13 (slide 12) of the presentation.

I take it your query refers to the statement 'values of unsensitised lifetime value of projects'.

I don't know if I can add anything. My sense of this is that the value of the projects is the raw value from their system not the weighted value. ie the contract value not a discounted cashflow value, weighted to likelihood or repeat buys - which might make the weighted value either higher or lower than the contract.

I'm not sure it matters much either way? Perhaps you think differently?

cheers

[gleach23] 21/5/2021 21:55

Thanks bones, a top post!

[bones] 21/5/2021 20:17

Cerrito, thanks for the observations. I guess my thoughts are:

- when is a Zytronics release not terse? :) They are never more than to the point but it is usually the final results where a lot more is discussed. Probably worth reading the actual financial statements from them in Companies House for info.

- However, Mark Cambridge is happy to correspond if you have queries about any release they make. There’s a message facility in the investor section of their website to kick it off.

- I agree that they are not especially communicative outside of this. A lot of these video presentations (investormeet etc) can be promotional in nature rather than useful. I always find the Q&A sections by far the most useful as sometimes you can pick up on the body language surrounding answers. That said, I like investments where you need to work a bit to find what you want rather than hear a message that many others are hearing. I can sometimes get ahead of the game if it’s my own research in small companies.

- Zytronic is up my street almost because it seems to underwhelm a lot of investors. For me, I see a recovery story that is just not appreciated. The more that are looking the other way, the better, as far as I am concerned as that suggests the share is probably undervalued if my thesis is correct.

- I expect the recovery over the next year to be decent and I don’t think anyone appreciates the potential of their new products that are only just out of development (eg, ElectroglaZ, Zybrid Hover and Zybrid Touch). These won’t affect this year’s numbers but there could be more to report about their progress at the finals in a few months.

- They are busy on Twitter promoting the new stuff.

Most of the potential is not in the price, IMO. The interims are history but they signalled a good recovery in some of their markets and their costs were butchered during Covid so the operational gearing could be significant.

Perhaps it won’t all pan out as I hope but, the price isn’t reflecting that expectation and some dudes have bought 7% of the company recently above today’s price which I find encouraging. I ask myself if those guys relied on an ADVFN BB for their data before investing or did they do more research? I don’t know of course but I would hazard a guess they did some.

As it stands, I also think Zytronic is a sitting duck for a takeover for their IP. They are defenceless with only a small shareholding in management hands and the two institutions having sold out in the tender offer. How often do bored institutions sell at the bottom? More often than you think.

Their products are used in a lot of high tech display equipment worldwide and if Zytronic management cannot make it work, I’m sure a bigger organisation can.

All just my opinion and how I justify my own investment!

[cerrito] 21/5/2021 19:45

I have just organized myself to look at the interims here given my holding.
One of the more terse statements that I have read, although the written presentation was useful.
I did get the impression from reading the presentation that the return to normality will be slow…I wonder if they are caught up in the chip shortage.
Even though the price has fallen in the last couple of weeks, I will not be adding.
I am not comfortable that they do not appear to have any significant institutional shareholding to place any control on the Board, who I see own 2.14% of the shares. I see that only 2.7m shares were voted at the AGM earlier this year when the total amount of shares outstanding were 16million.
There seems to be no outreach to private shareholders..ie no Investor Meets Company type events and I see the RNS announcing the release of the interims had no mention of briefings.
As has been mentioned on this board, I guess other industry players and/or private equity/Spacs are looking at this.
I see that the Telegraph’s Questor had some not very incisive comments on I think Monday but I have thrown away the hardcopy and cannot find it on the rather pathetic Telegraph website.
PS
page 13 of the presentation is good. Does anyone understand the item on the right hand bar chart of projects reclassified over H1?

[illiswilgig] 21/5/2021 17:18

Same here, could not buy anything over 100shares online via either Halifax or Charles Stanley Direct today despite my persistance, though a couple of days ago I had no trouble buying, and on wednesday I paid 148.44p for 1339 shares. I suspect I should have filled my boots!

Keep up the good work bones - maybe sellers are getting scarce now?

cheers

[gleach23] 21/5/2021 14:34

Thanks for the info bones. My holding is all on spread bets so I can't check the sell limits unless I call them so that's very useful to know.

[bones] 21/5/2021 13:08

Still not much available Gleach23. Singer will however buy 16,500 off me for 153.5p (150.5 for larger amounts). This is an online quote without asking broker to check the RSP. The buyer is still in the market.

[gleach23] 21/5/2021 07:49

Thanks bones. Additionally there has only been 100 (Equiniti) or 150 (AJ Bell) shares available to buy for the last 2 days. I have been expecting it to tick up at any moment.

[bones] 20/5/2021 23:04

Someone is at it again. I noted that the market was unmoved despite a sale of 36k+ shares at lunchtime today. That suggested a buyer and later a delayed print of 35,000 at 155p appeared. The round sum amounts tend to be the work of a bigger player accumulating. If it is, a similar pattern should ensue.

[bones] 18/5/2021 12:53

Two MM’s moved after a 5k trade so back positive.

These moves up and down are just MM’s seeking business. The bigger message is clear to me from 7% being bought by two investors at 170p and the company saying their markets are turning up. Patience is the key as always.

[gleach23] 18/5/2021 12:36

Just the 1 share available to buy online after the 24,598 trade @ 147.3

Hopefully an indication that the recent supply has now been exhausted.