Zytronic Share Discussion Threads

[jamieb73] 04/2/2018 22:34

why is this still dropping, doesn't make sense

[crystball] 04/2/2018 21:15

For what it's worth...

[rcturner2] 19/1/2018 09:22

Showing a nice recovery back to 500p now that we have lost the stale bulls.

[rcturner2] 11/1/2018 08:07

I sold half of mine at over 600p a share, more than doubling my money. I am happy to continue to hold the rest at this level. The price may weaken, but if this falls to say £4 I will be buying back.

[topvest] 10/1/2018 20:30

Yes, too risky at the moment. I was a bit surprised by the lack of a special dividend at the final results as well. Either:
1. They have an acquisition.
2. They are a possible target. or
3. They know trading in the current year is going to be more tricky and are being cautious.
On the basis of the very weak chart and the less than buoyant trading outlook (particularly given the forex gains in the prior year which is a headwind) I felt 3. was a distinct possibility. This year's broker forecast looks difficult and at real risk of not being achieved.
Lets face it the order book is lumpy and its 5 years of upwards trajectory so they are due a bit of a backwards step.
Hope they succeed though.

[raymund] 10/1/2018 19:37

topvest, have done likewise after looking at chart, not a 3-bag like you but at least a profit is a profit even though foregoing 39% increased divi in March. Still like the company and hope to get back in again when lower

[topvest] 10/1/2018 11:00

I've reluctantly sold. 3-bagged on this + dividends. Death-cross chart indicator yesterday where the 200mda moves through the 50mda is a bearish sign and looks like there is a risk of a mild profit warning this year. Thought it was better to eliminate the risk. Shame I missed the £6 like other clever individuals. Will keep watching as this is a nice little company. Just get the feeling that competition is going to increase though and prices go down.

[gbengus50] 01/1/2018 15:06

Thanks for the update Effortless Cool,happy and prosperous new year all.

[effortless cool] 30/12/2017 21:19

Header updated to reflect full year results.

[bones] 15/12/2017 14:27

Maybe so, Bscuit. All I know is that my return from AVS was over 100% and instantaneous at the moment it occurred (no discounting and opportunity costs to pay). That money was then reinvested in eminently profitable alternatives. The practice exceeded any theoretical hypothesis at the time, from my viewpoint.

Whether markets are efficient, that is an entirely different question, especially where AIM and small-caps are concerned.

[bscuit] 15/12/2017 13:55

Not the point I was trying to make. A1005 premium to the then market price may be a poorer return to the share price ruling at the time of going ex-growth. On Efficient market hypothesisthe current share price reflects the cash and special divi possibility.

[bones] 15/12/2017 13:23

Bscuit, the predator is buying a business that is (1) very profitable (2) in a niche market so has reputation and sticky customers (3) cash-generating with ample scope for either dividends or expansion (4) a competitor so can add synergies.

What is the point of ZYT being listed at the moment? They do not appear ever to want to grow by acquisition and don't need to raise cash. Does this mean the directors want a cash cow that has personal tax advantages due to its AIM listing?

[bscuit] 15/12/2017 13:16

AVS -- How did the 100% correlate to the price when perceived to have gone ex-growth?

[shauney2] 15/12/2017 13:02

I agree bones.Seen as ex growth maybe.I was fortunate to hold AVS and have long felt ZYT a good fit for some techy Asian outfit.

[bones] 15/12/2017 12:55

Yes, shauney2, maybe reflecting the exit of growth investors.

I'm holding this for the cash or potential for takeover if the management are unable to use it efficiently (by making acquisitions or paying a special dividend).

Feels like an Avesco situation where they had a business spewing out cash and to some extent not having a reason to be listed. Eventually a bigger niche player took them out for 100% premium to market price. I think that scenario could play out with ZYT at some point.

[shauney2] 15/12/2017 12:40

Not sure what thats all about.Chart is not too clever at the moment.

[bones] 15/12/2017 08:24

Flurry of selling this morning. Unusually active for a sleepy stock.

[glaws2] 14/12/2017 06:14

Presentation of final results here
hxxps://www.zytronicplc.com/wp-content/uploads/sites/5/2017/12/Prelim-Presentation_v5.pdf

[topvest] 12/12/2017 19:25

All pretty solid. Looks like they are using the cash to have a higher payout ratio. Fairly smart really as a one-off return is just that...one off!

[chashley1806] 12/12/2017 09:41

Looks like Zytronic has gone, IMO, from high growth to high quality company. Broadly, I agree - these are great results. The future now looks solid and promising, though the spectacular share price growth of recent years is probably over. That all said, I'm in for the long term, and looking forward to the nice dividend payout.

[mammyoko] 12/12/2017 08:23

551 live opportunities vs 325 opportunities at end FY16. 60 Projects vs 48 Projects at end FY16.

[crystball] 12/12/2017 07:56

Excellent results. Very large increase to dividends.

[rcturner2] 12/12/2017 07:56

Final results pretty much as expected. Nice rise in the dividend, net cash up, eps of 29p.

[crystball] 05/12/2017 09:36

I've added to my ZYT holding while the RSI is very low. It will be interesting to read the update next week.