Zytronic Share Discussion Threads

[rivaldo] 14/12/2022 08:53

Results presentation here FYI:

[norbert colon] 13/12/2022 20:17

Pretty much flat on this year but seemingly conservative

[velocytongo] 13/12/2022 20:05

Anyone know the broker 2023 forecast ?

[estienne] 13/12/2022 10:57

Interesting that British Bulls had this as a buy yesterday

[gdjs100] 13/12/2022 09:01

Good summary rivaldo. The pipeline was £59m in September vs £28m last year which shows the direction of travel, and I'd expect this to increase further in response to activity from recent trade shows. There is a lagged effect but I am hopeful this will lead to a large uptick in order intake in due course.Management commentary is notably more optimistic than previously and I am pleased with the increased dividend.

[rivaldo] 13/12/2022 08:30

With 42% of the m/cap in the £6.4m cash pile, today's results look steady as she goes with a £0.7m PBT and a 2.2p dividend.

The cash pile should rise given the receipt of the £0.4m year end debtor and hopefully some unwinding of the working capital spend necessary in the current economic climate.

Singer have increased their forecast for the current year to £0.7m PBT (from £0.5m). They have a 190p target price and say Buy.

With the "opportunities pipeline" improving, though this H1 looking unspectacular, it might take a little while to see material share price improvement, but ZYT have solid foundations. Hopefully continued improvement in Gaming and Vending and stabilisation in Financial will see trading pick up and profitability rising over time.

[richie32] 12/12/2022 14:49

Thanks, I forgot it was RNS'd last week

[iain123] 12/12/2022 13:49

Expectation of decent results tomorrow?

[richie32] 12/12/2022 10:51

Wot's going on here?

[varies] 11/12/2022 15:55

Best of all would be a recovery in profits

[arthur_lame_stocks] 11/12/2022 10:06

The problem with a tender offer as I see it is that ZYT no longer has any institutional shareholders who at the last one were keen to get out and didn't too much mind the price. Now for a tender offer to be successful it'll have to be at a price low enough to create real value but this price may well be too low to appeal to many PI's who expect the company to recover once China reopens.

A buyback is a much better idea imo, simply soak up any sells until they have got all the stock they want.

[gdjs100] 11/12/2022 08:00

They have stated they would be comfortable running the business with £4m of net cash - so that would be another 1.5m shares to buy. Given another 10pc buy back authority at the next AGM would allow them to buy back a further 1m shares, this is the route I would expect them to go. Tender offers are more expensive to execute than buybacks (1pc-1.5pc fees is not uncommon) given all the extra work required.

[dimknaf] 10/12/2022 23:40

@gdjs100 1m shares won't do a big difference. But a tender offer at 130p couldn't attract another 2-3 million shares? The benefits from such an action would be more than the fees. How much are the fees (% of the whole transaction)?

[trident5] 10/12/2022 21:07

Cheers mate - but I'll pass on taking advice from someone who lost 20k on crypto.

[gdjs100] 10/12/2022 11:15

Tender offer is expensive in fees and not worth it for the amount I would expect them to tender for. Instead I'd expect a continuation of the share buy back come the next AGM, where they could look to buy back another 1m shares or so.

[dimknaf] 10/12/2022 10:57

On Tuesday they are releasing their results, and on Monday some value investors have noticed the opportunity, and there is a presentation and discussion for the company at London Value Investing Club. There is also discussion on undervalued retailers.

The stock has got extremely cheap again! What we want is a new tender offer!

[rivaldo] 29/11/2022 11:29

Intriguing stuff:



Extracts:

"Zytronic showcases new ‘transparent goods’ hi-fi concept

Powered invisibly using NSG TEC electrically conductive glass, ElectroglaZ was showcased at Light + Building in Frankfurt

Published: November 28, 2022

UK touchscreen and glass processing expert Zytronic has showcased a new ‘transparent goods’ hi-fi system concept, powered invisibly using NSG TEC electrically conductive glass.

The ElectroglaZ music system comprises a single, upright sheet of laminated glass, which simultaneously powers a set of Bluetooth speakers, a media player and an LCD screen, surrounded by a multicoloured LED array. The stereo can be controlled via seven projected capacitive touch buttons which are carved into the surface of the glass to create a tactile feel for the user....

....The system is part of a range of ElectroglaZ concepts Zytronic has created for the home, including a suspended transparent LED lit halo lighting design, a glass coffee table capable of charging mobile phones and tablets via inbuilt induction charging, and a transparent ‘huddle’ meeting room panel with video camera and LCD display powered through the glass."

"Alderlan Vitalino marketing director, NSG Group added: “The home is becoming increasingly high tech, with smart devices, voice controlled lighting and automated appliances modernising every facet of household life. Zytronic’s technology offers new design possibilities across almost every appliance you can find in the home, providing new ways to create high-tech looking products.

“The unique properties of NSG TEC make it an ideal choice for a wide range of household products. It is highly durable, and the glass surface can be wiped down easily when cleaning, making products which use it, such as the hi-fi concept unit, able to withstand daily use in a busy household.”

Zytronic also works with Pilkington United Kingdom Limited, part of the NSG Group, to process other products including Pilkington Optiwhite for use in its touchscreen products.

NSG TEC has a wide range of applications in addition to wireless power delivery, including heated glass for commercial refrigeration, touch screens, vehicle displays and instrument panels, digital displays, and digital signage."

[velocytongo] 23/11/2022 13:10

It was 7th Dec last year. So no change really.

[asagi] 23/11/2022 11:05

dunno if December 13th counts as 'early next month' but Zytronic is planning to release results on December 13th.

Asagi (long ZYT)

[rivaldo] 22/11/2022 12:37

Yes, that's what I was referring to - and the additional statement that "sales and marketing activities are resuming after a near two-year hiatus. Working capital expansion is expected to continue in parallel with this resumption of activity".

Hopefully QXT's optimism will also be reflected in ZYT's outlook in the prelims early next month.

[illiswilgig] 21/11/2022 13:25

Much though I'd like to be wrong - I did not notice 'improved trading conditions' noted in the August updte?

'has resulted in a lower than anticipated level of order intake being observed over the second half to date.'

Quite downbeat. Though there was mention of improved opportunity log

'With an improving log of opportunities and the ability to commit further resources to business development and project progression activities, management remains confident in the positioning, ongoing recovery, and longer-term growth prospects for the Group.'

Which bodes well for the future. But not expecting much excitement in the short term.

cheers

[rivaldo] 21/11/2022 09:13

I notice that the gaming tech company QXT last month reported "buoyant customer demand" for their products. Hopefully this is an indication that the improved trading conditions noted in ZYT's August statement have continued or improved further:

[miti 1000] 18/11/2022 06:17

Thanks for clarifying that gdjs100.My apologies.