Zytronic Share Discussion Threads

[johnv] 29/3/2015 12:30

Wondering whether it will drop back to the 200day m.a (as last Oct)before shooting back up.


free stock charts from uk.advfn.com

[fizzypop] 29/3/2015 12:04

This is beginning to look like topup time again - down 10% in a month.
I will be upping my stake as soon as the fall reverses. Still pays reasonable divi at 275p.

[topvest] 27/3/2015 20:52

Just a bit of a pullback in my view. Will be back above £3 in due course.

[az4hr] 27/3/2015 20:12

wot the hells happening to the share price down nearly 30p

[rivaldo] 16/3/2015 12:16

Got my ZYT divi today - always nice to get dividends from AIM-listed companies :o))

[igoe104] 15/3/2015 10:34

RnRMarketResearch.com adds "Market Opportunities for Metal Meshes as Transparent Conductors, 2015-2022" report to its store. The market for metal mesh transparent conductors will surge from $55 million in 2015 to $280 million in 2018.

The market for metal mesh transparent conductors will surge from $55 million in 2015 to $280 million in 2018, continuing to $1 billion by 2022, thanks the continued proliferation of touch screen technologies.

Companies and products supplying the major market segments that are discussed in this report include: 3M, Atmel, Dai Nippon Printing, Epigem, Fujifilm, Hitachi Chemical, JTouch, Konica Minolta, O-Film/Suzhou NanoGrid, PolyIC, Rolith, Toppan Touch, UniPixel, Visual Planet, Young Fast, and Zytronic

[igoe104] 13/3/2015 12:05

I Agree, a exciting company, large cash pile, low p/e, nice big divi,products you can see more demand for, so I`ve started buying.

11.5k in my ISA, 4k in my sip. I`ll add another 5k next month, don`t like to buy under 20k worth in a company, I,m a bit OCD about it.

[rivaldo] 13/3/2015 09:06

ZYT should at the least continue to get tax rebates for R&D investment, so I doubt whether the tax charge will revert to prior levels, and no doubt the analysts will have factored in to their forecasts any assumptions going forward as guided by the company.

If revenues revert to 2012 levels of £20m+ then EPS should return to 22p+ given that the shares in issue are only just above where they were at that time.

This is an excellent summary from late Jan'15 in case anyone missed it:

[adamb1978] 12/3/2015 18:12

Been looking at these on and off for a while and looking at again post the recent small pullback.

What i struggle slightly with is that 2014 was flattered by an abnormally low tax charge due to a rebate without which eps would have been 17.5p, but this seems to have been ignored by analysts, ppl on here etc. and therefore to make 21p this year from 17.5p last year is a lot more effort than to make it from a basis of 19.6p.

What are posters expecting for turnover this year?

[thorpematt] 03/3/2015 14:23

hxxp://www.whatech.com/market-research-reports/press-release/consumer/45226-capacitive-sensors-market-to-benefit-from-growing-demand-for-consumer-electronics-market-report-just-published

[rivaldo] 03/3/2015 10:30

Hopefully the IC will give ZYT some extensive coverage soon given last week's brief snippet here:



"Touch screen technology specialist Zytronic (ZYT) says it is still trading ahead of last year and in line with expectations. Buy."

[salpara111] 02/3/2015 14:53

Well that is me out.
Good ride up from 220p plus the divis so a great trade.
I hav'nt turned bearish but do feel that the share price will struggle for traction in the near term, I may well return in the future.
Good luck to all those still on board.

[leona306a] 27/2/2015 18:18

Hang on tight , buy on weakness and reinvest the dividend , that's my moto.

[cfro] 27/2/2015 14:20

Thats exactly what im thinking rufio.

[rufio90210] 27/2/2015 12:04

The demand for this product can only increase as the world progresses . Touch screens popping up everywhere

[rivaldo] 27/2/2015 10:45

Unfortunately N+1 Singer don't issue price targets or Buy recommendations for their clients, just "Corporate" ratings. A cop-out imo, but there you go.

Arden Partners have forecasts of 21.84p EPS this year rising to 26.07p EPS next year.

With dividends of 11p and 12p respectively, plus a cash pile likely rising over £10m this year against a mere £45m m/cap, there's plenty of attractions.

Allowing a reasonable forward P/E of say 13, plus further credit for the cash pile and some premium for the high divi yield, I'd say a share price between say 375p and 400p would be appropriate at this stage.

Over time, if ZYT trade consistently and smooth out the cyclicality I'd expect a significantly higher rating given the apparent prospects.

[rufio90210] 26/2/2015 19:58

Oh yes I knew about that, sorry I wasn't very clear I meant are there any Broker share price targets.

[gengulphus] 26/2/2015 17:29

rufio90210,

Indeed. But don't click on the "BROKER VIEWS" tab - instead, go about halfway down the page. On the left, you will find a "Forecast" table just below the "Key Financials" and "Key Fundamentals" tables. On the right, you will find a "What The Brokers Say" graphic / table, and below it, two links to "Latest recommendations" and "Broker consensus analysis". The first of those links just goes to the same no-data page as the "BROKER VIEWS" tab, but the second goes to something somewhat more interesting.

Alternatively, click on the "FINANCIALS" tab and then on "CONSENSUS FORECAST" below it to get to the same page.

Gengulphus

[rufio90210] 26/2/2015 16:53

No data found in broker views ?

[interceptor2] 26/2/2015 15:00

Trading update was as expected and very similar to last years, last year as the year progressed the company statements became more bullish as visibility increased, could see the same again this year imo.

Modest PER of 13.2, high net margins at 15.6%, net cash £7.8m and 3.4% yield, there is much to like about ZYT.

Also impressed by the bullet proof touch screens CR posted the link here last week.

[rufio90210] 26/2/2015 13:51

Are there any broker forecasts I can't seem to find any ?

[metier9] 26/2/2015 12:37

Not so worried, just the usual people with 5 minutes attention span.

Ill just take this from the Prelims:

During the year, a total of 342 enquiries have been validated and logged, bringing the total of validated enquiries to 718 since the initiation of the revised opportunities pipeline logging system that was introduced in February 2013. 120 of these enquiries have been converted into customer production and orders throughout the current financial year.

As at 30 September 2014 we have 69 active projects. Digital signage remains the strongest application area in terms of project volume. Strengthening is also observed in the financial, gaming and industrial sectors, where the number of active projects at the period end is almost double in each instance compared with the period start.

[glaws2] 26/2/2015 12:12

Looking back through the RNS they don't seem to announce contract wins - just trading updates - as per this morning.