Zytronic Share Discussion Threads

[trident5] 14/9/2021 17:22

What I never understand is that the management actually think they know what profit the markets expect. And then don't tell us what it is - it's all BS really.

[richie32] 14/9/2021 13:11

Cerrito I guess companies need to balance to need of shareholders to be informed with the need to keep competitors guessing especially where the sector is a small niche community

[cerrito] 14/9/2021 12:47

I get frustrated when companies refer to market expectations without specifying what their understanding of these expectations are. I will contact the company asking them to specify these in future. I have checked my data bases and cannot find any info in this regard. Any of you had any luck??
On the basis that revenue this semester will be about £6.7m this is still well below the £10.6m two years earlier
Incidentally while more of a banking than an Equity metrix I note that their quick ratio in March after the tender was very impressive.

[mr5k] 14/9/2021 11:47

bones is correct. this company already had a surplus cash position. the eps will be turbocharged by the buy back. i'd hope for buy backs as i like cannibal companies (that consume their own shares).

[richie32] 14/9/2021 11:40

Think this could go up quite a bit more.

It's a "below the radar" stock so reaction to the good news could take while

[kiwihope] 14/9/2021 11:00

Hi bones,

Yes of course you are right. I forgot about that...

[bones] 14/9/2021 10:52

Kiwihope, they spent around £7m buying back nearly 30% of company a few months back but that still left them with £7M then in cash.

I wonder if there will be a special dividend at the finals as they had offered to buy £10m of shares at the tender offer but not everyone was willing to sell at 145p.

[kiwihope] 14/9/2021 10:31

Even with this rise in the share price the company is only valued at £20M and it must still have net cash of £10M or more. Any return to profitability and this will look very undervalued.

[richie32] 14/9/2021 10:04

Good management. Well done

[trident5] 14/9/2021 09:42

Good update - a reversion to prior years' performance has this on a PE of about 4/5.

[bones] 14/9/2021 08:22

Brief but to the point. Not unexpected really and possibly not quite taking the doors from their hinges but, between the few lines, I read a handsome recovery in progress. Promise of a “further update” suggests more concrete data prior to the actual final results release.

Why anyone would sell today, at the start of an upturn in fortunes, is beyond me but there they are!

[tole] 14/9/2021 07:22

We are pleased to report the continuation of an improvement in sales during the second half, currently running at more than 30% ahead of the first half, which has enabled a faster return to profitability and reversal of the first half loss.Revenues and profits for the full year to 30 September 2021 are now expected to be ahead of market expectations and we plan to provide a further update in due course.

[richie32] 10/9/2021 10:02

Good thing about a company that does not put out a "running commentary" is that the shares can leap (or dive) when a trading statement comes out.

I'm assuming "leap" so now is the right time to come in imho

[illiswilgig] 03/9/2021 14:07

It would certainly be nice if the next update does 'blow the doors off'. I think its a little too soon, given the level of chaos around the world. And anyway it's not really Zytronic's style? I'd be happy with good progress.

cheers

[bones] 03/9/2021 13:32

Thank you dimknaf and I liked your video. The TIKR software also looks user friendly.

I hope the next update from Zytronic does “blow the doors off” and lead to a rerating. They are being given no credit despite the positive signals in the last update and the anecdotal information about gaming and financial industries recovering strongly.

[illiswilgig] 03/9/2021 13:12

Like to top up when it dips. Could not get a quote for more than 300 shares online this morning. In the past I've been able to buy 1500 shares or so online.

Also one of my largest holdings, but not quite in the top 5,

cheers

[gleach23] 03/9/2021 12:56

Thanks dimknaf - interesting video. Seems I missed it the first time you posted it.

[dimknaf] 03/9/2021 10:54

@bones
That's awesome info.

I believe very much in Zytronic. They are unbelievable undervalued, and they used their cash the best way. It is one of my 5 biggest largest positions in the UK, as I have described in this video.



The other 4 in the video, have already moved towards fair value, so Zytronic is the most interesting now.

[gleach23] 03/9/2021 10:43

I have bought shares and opened a spreadbet long position, the latter usually being short term. Hoping for a retest of 170-175 area by Christmas. Happy to stick with it from this level with the shares depending on newsflow.

Year end is the end of this month. ZYT isn't historically gushing in its newsflow but I'm expecting to get a Trading Update in Oct and Finals in Dec.

[trident5] 03/9/2021 10:30

A short term position?

[gleach23] 03/9/2021 10:08

Have been building a trading position at this level in recent days. Spread isn't very attractive currently but good to see the 10k purchase go through earlier.

Virtually no stock available to buy at the moment online and Bid is beginning to stir in an upwards direction so hopeful of a move up shortly. GLA

[estienne] 01/9/2021 16:28

quite a plunge today

[charlotte2020] 22/8/2021 20:47

Giving the shares away as usual that company

[1pencil] 22/8/2021 20:04

Cheers bones, hope you don't mind me copying across to QXT thread