Zytronic Share Discussion Threads

[apad] 03/4/2015 09:49

maynardpaton.com/2015/04/02/zytronic-the-dividends-up-5-fold-but-im-still-not-sure/#more-1493

[tudes100] 03/4/2015 00:48

Beta = 0.88, for AIM I'm assuming thats not particularly volatile.
Its dropped a little but there's nothing in any communication to say that the Co is doing anything other than well. H1 was strong LY but first update of the financial year suggested they were ahead and given margin improvement we saw over the last 12 months I'd be disappointed if this didn't continue to nudge up.
I sold my holding last year but I'm itching to get back in again. Great company, great tech with low forward PE and good divi. Whats not to like ?!

[owenski] 02/4/2015 22:42

Folks sell for all sorts of reasons that dont make sense to 'holders'.

Best to take a view on the business and what its worth and stick with it and use occasions like this as opportunities.

Investment is buying the business, trading is buying the chart. Good to use a chart for timing if buying the business to some degree. Wasn't a stretched valuation at 300, certainly aint so now.

Dont know how far down it'll go, ZYT could correct just as quickly, I'll take a few more if it goes much lower as I think this is a sound business financially with good growth drivers behind it and the balance sheet looks pretty good too.

Just my two penneth worth. :-)

[shearershearer2] 02/4/2015 22:27

You've got to wonder where the bottom is!Agree with melody,there is a sell order to be filled.Have bought on £2.90 downwards,just hope the upward is as rapid.

[melody9999] 02/4/2015 22:01

Seems like there is a sell order to be filled looking at the price action this pm - price level on buying and falls on odd sells.

[az4hr] 02/4/2015 20:56

has no support just goes straight down brutal share to hold

[az4hr] 02/4/2015 20:55

wtf who an earth is selling these shares down 70p In only a couple of months this stock needs so much patience arrrrrrrrrrrrrrrrrrrgggggggggggggggghhhhhhhhhh

[fizzypop] 02/4/2015 20:39

Further to johnv chart above the share price has smashed through the 200ma by an overshoot of 10p. Will it fall further - possibly but unlikely as there was good momentum late today that will act as support. When it rises it is likely to be rapid as johnv also notes.

[owenski] 02/4/2015 15:41

Yep. picked up a few more myself

[fizzypop] 02/4/2015 13:25

Topped up at 258.9p just under my target of 260p.
I suspect this will rebound strongly with new ISA money next week.
Still 3.5% divi on a top up aint bad.

[apad] 02/4/2015 11:45

Scott in Dec:

"I don't see any immediate big upside on the share price, so won't be buying any just yet, but it's certainly a stock that will be high on my watch list, and if I could get in around 200-250p then I'd load up with them. The time to buy might well be when the next set of interims come out, as they will be up against a strong H1 last year, which might trigger a short-term fall in price perhaps?

So, a quality company, price is probably about right at the moment at 318p, but I'll be looking to buy on any big dips!"

apad

[jashunter] 02/4/2015 11:38

fizzypop. Paul said "Let's hope there's not a profit warning on the way" !

[fizzypop] 02/4/2015 11:19

Paul Scott has just tweeted he has topped up and that there's not a profit warning coming.

I'm being quoted 266p but the spread is 8p or 3.08% which is a bit steep on LSE.

[rivaldo] 01/4/2015 11:09

Great article hastings, cheers. Here's a direct link:



It's also worth noting that:

- the almost £8m cash is around 20% of the m/cap on its own
- the 10p historic dividend is now getting on for an almost 4% yield
- ZYT has another £5m of freehold and leasehold property on the Balance Sheet

[thorpematt] 31/3/2015 23:30

I don't like technicals on these types of stock.

Reason? Because these can be moved easily with one large fund or investor whimsically buyin or selling and thus charts don't reflect the market sentiment in the same manner as say an idex or FTSE100 stock.

That said I'll use the chart for timing purposes but in particular it would be to buy low or take profit on a peak. As a summary I'd define that, as a shark versus whale feeding strategy (there's a book on that BTW).

Anyway , FWIW:-


free stock charts from uk.advfn.c


om


ZYT often moves with the 90day SMA which offer support and resistance.
One could argue that the rolling top coupled with fall through the MA is bearish. As a holder that would be good for me since I would like to buy some more. It may however be simpler to view this simply has still in uptrend. Thus:-


free stock charts from uk.advfn.com



...with a target of £3.50


Of course if the uptrend fails then you could look for the pivot point at 243ish
here:-


free stock charts from uk.advfn.com


..and if that fails you can fill your boots at £2.

[hastings] 31/3/2015 15:14

hxxp://www.cambridge-news.co.uk/Zytronic-technology-magic-touch/story-26260825-detail/story.html

[nuttynige] 31/3/2015 08:15

Thanks, but I meant from a technical point of view really.

[fizzypop] 30/3/2015 19:00

nuttynige - the support will come from buyers who know their stock and its share price history. AIM stocks tend to drift down when there is no news and weak sellers and traders may exit the stock on the perception that there are better offers elsewhere - this is what makes a market. Spot exceptional moves and you may have found an opportunity. Always have cash available for bargains because time is of the essence. But few hit the exact bottom of a turn and there is no certainty. Wait for an uptick and you may miss 10% of the rise. Good Luck

[nuttynige] 30/3/2015 17:05

Fizzy, I know nothing of charts, support levels etc. I am sat watching the price weaken slightly with a view to buy and hold long term, I'm happy with the fundamentals but would be interested to hear where the support comes from if possible.

[salpara111] 30/3/2015 17:05

Well, this is why I sold at 290.
Not because I turned bearish but when it could not break the 300 line I fully expected a pull back.
Like others here I am looking at the 250-260 level to re-enter.

[hastings] 30/3/2015 17:00

A few thoughts that may be of interest.

[fizzypop] 30/3/2015 16:32

Closed at 267p so keeping my powder dry.

[fizzypop] 30/3/2015 15:32

270p only 10p to go for 260p target. What a droll market today.

[johnv] 29/3/2015 20:19

Quite often you get a dramatic fall before a decent rise. The price slices up thro all the m.a.

[fizzypop] 29/3/2015 19:37

Thanks johnv. 260p target if share price overshoots 200 ma looks reasonable. A fall of 6% which could occur before Easter. But nothings certain. Macro economics on the world stage dominate the FTSE but I look forward to bargains late Thurs 2 April.
Ever the optimist.