Zytronic Share Discussion Threads

[kiwihope] 17/5/2022 08:04

I agree with boonkoh that the price is reasonably fair value at the moment. Any increase will need evidence of improved trading...

[rivaldo] 17/5/2022 07:47

A pretty good performance in the Covid-affected H1.

Against a £12.5m EV ZYT look on track to produce say £1.8m-£2m EBITDA and £1m PBT for the year assuming the positive outlook prevails and H2 improves over that pandemic affected H1.

[boonkoh] 17/5/2022 07:45

I estimate 8p EPS for the FY, and coupled with my assumption of 60p of true free cash now and what should be a a c17x valuation for a year in recovery, I come up with a fair value currently of 196p. Which is roughly what it is trading at the moment.

[elsa7878] 17/5/2022 07:39

Little bit underwhelming but still a good hold and underpinned by cash and the buyback.

[norbert colon] 15/5/2022 15:50

Going back to your post 1607 do you have any market data for 80k sqft of modern factory space in Tyne and Wear to support your comments?I've seen a unit of the same size just over the river sold for GBP 3.4m?

[rivaldo] 13/5/2022 07:42

Another 50,000 shares bought back yesterday - that's almost 1m shares bought back now, or nearly 9% of the shares in issue before the buyback programme commenced.

One can only presume that the results next Tuesday will back up the confidence shown in all of this :o))

[norbert colon] 12/5/2022 17:52

https://www.investormeetcompany.com/zytronic-plc/register-investor

[richie32] 10/5/2022 14:49

Buybacks adding up now. A great alternative to divis imho

[illiswilgig] 10/5/2022 14:40

Thank you Asagi, useful to know and I look forward to next week,

Illis

[asagi] 10/5/2022 11:04

I understand that results will be coming out on May 17th and that the 'delay' versus established schedule has been caused by a trade exhibition being put back this year, meaning that management time had to be dedicated to operational needs, rather than corporate ones.

Asagi (long ZYT)

[overmars] 04/5/2022 14:47

Any idea when the results are being announced?
As usual the website is not updated. Lol!

[velocytongo] 29/4/2022 10:15

Not sure a property revaluation is any use other than to reconfirm that these shares are remarkably cheap

[elsa7878] 29/4/2022 08:29

Thought it might be useful - was told the request would be considered at the next board meeting...

It doesn't really matter if they did or didn't. The fact is that the property assets (assuming they have increased in price - it would be extraordinary f they hadn't) and the cash on the balance sheet are almost worth the market cap and then you have a market leading business that is reliant mostly on the public sector and not the private market. So post-covid it should be resilient and increasingly profitable (very constrained by the inability to travel in the last 2 years).

FWIW.

[gdjs100] 29/4/2022 08:24

How do you know a property revaluation is to be done?

[elsa7878] 29/4/2022 08:17

I make it 426,915 left but let's not split hairs.

Results due May 11 or 12th traditionally but no firm date as yet.

So until then they can keep buying back circa 50,000 a day if they can...

In terms of results.

Projections. £1 million = £800,000 post-tax. 10 x multiple (very mean) = £8 million.
Cash despite buybacks should be > £8 million.

Freehold property and very long leasehold. Informed a revaluation of historic acquisitions costs of circa £6 million will be done. Last purchase was in 2009 so should be a material uplift. Say £9 million.

Add them all together and you get £27 million v present £19 million market cap. Still very cheap.

[gleach23] 29/4/2022 07:54

Thanks for the total figure there rivaldo.

If I'm reading the initial buyback announcement correctly they are allowed to buy back up to 1,141,915 shares (10% of total) after the 3rd Mar 22 AGM. Buy backs announced before this date amounted to 115,500 shares so assuming your 830,000 is correct then they have bought back 714,500 out of the permissible 1,141,915. This would mean up to 427,416 buy back shares remain potentially available.

Happy to be corrected.

[rivaldo] 29/4/2022 07:24

Another 20k bought back at 172p.

ZYT have now bought back and cancelled around 830,000 shares in spending roughly £1.3m - that's over 7% of the total shares in issue. Must admit I never thought they'd be able to buy back so many.

[gleach23] 21/4/2022 16:06

One can buy 25k online currently VT, albeit not @ 175p. Presumably they had to wait for the 5 day average to catch up with the share price so that they could resume the buyback.

[dozey3] 21/4/2022 16:05

It could show management is bereft of ideas for further advances in their field. Don’t share the euphoria at buybacks continuing. Still, it’s now reached over half the price I first paid in 2016, so onwards and perhaps upwards.

[velocytongo] 21/4/2022 15:03

Impressed that they could even buy any shares!

[rivaldo] 21/4/2022 07:22

Good to see the buybacks continuing at 175p, with another 25,000 purchased:

[cliffpeat] 12/4/2022 09:32

Advanced display - 3D Glass Touchscreen - Zytronic Innolux Multi-Haptic;

[boadicea] 11/4/2022 15:53

Yes, one feels we have a back-stop in place.