Zytronic Share Discussion Threads

[topnotch] 15/6/2020 11:04

Helleva spread 90p-105p

[1pencil] 13/6/2020 11:12

It looks like market makers have taken the rump, no bad thing as we have some idea of size.

It might stick around here for a bit until cleared unless already placed, volume wise, 2nd highest in two years.

Brown and Shipley had one remaining stock (IBT) which up until now remained over 3%, TR1 on 11th takes them under so looks like a complete exit.

Always seem to be in the news with a high turnover of staff including recent departure of London office head.

[dangersimpson2] 12/6/2020 21:09

Just annoying that the spread is so wide - if BS were willing to accept 90p for their shares as it appears from the larger trades and the stock was on offer at 92p instead of 97p then this thing would clear pretty rapidly. With no order book and MM's rejecting Fill & Kill at the mid it is no wonder this is taking an age to clear.

[gleach23] 12/6/2020 18:21

Impressive volume day @ 561k shares, including 250k @ 90p reported after the close from this morning. BS must surely be close to exit if not exited.

[topnotch] 12/6/2020 10:56

Looks like a good support level at 100p - BWDIK

[1pencil] 12/6/2020 10:39

edit; just referenced old post, along with WYN it also includes IMO and WGB.

[bookbroker] 12/6/2020 10:36

They will make a loss this year, and it will not be the first in their history, the case back at the beginning of the decade, but the company is financially far more robust, and it might be the best way to utilise excess capital. I certainly do not want them to make an acquisition with that cash, unless they are certain that it will bring value. On top of that it would likely be to take them in to new markets, and touchscreens is what they know and have proved to be good at, and I find it difficult to fathom that the market has diminished to that extent. Coronavirus, as they stated , and social distancing with regard to casinos has temporarily put a return to growth on hold, and the demand for ATM products likewise. However as someone posted the industrial sector is another area, albeit small, that may offer rewards. We’ll see, but the Govt. schemes are mitigating their costs with regard to the current decline in revenue.

[pireric] 12/6/2020 10:34

Fyi brown Shipley I think are also selling down and artificially depressing the price at #WYN

[1pencil] 12/6/2020 10:34

The free float is quite low as it is, as of May 20 (including Brown Shipley) it was around 8m shares - not sure what the requirements are for aim listed companies, but seems low for market liquidity.

Many fund managers are getting out of illiquid small caps post Woodford leaving few to take the otherside.

It's Friday, may be tail end?

[gdjs100] 12/6/2020 10:26

They could do it via a tender offer.

[bookbroker] 12/6/2020 10:14

Probably sounds ridiculous as small companies rarely have the means to do so, but perhaps they should think about buying back some of their stock, could buy back ten over cent without barely breaking a sweat, particularly when you have a fund selling in to a weak market.

[gleach23] 12/6/2020 09:43

My sentiments also 1pencil. Fingers crossed.

[1pencil] 12/6/2020 09:35

Is this a final tranche from Brown Shipley being pushed out, hope so as bought another load.

[gleach23] 11/6/2020 18:36

Perhaps the seller not quite done yet then - another 25k reported after the bell @ 100p. I notice now the 106k was from yesterday. Good to get some volume through anyway.

[pugugly] 11/6/2020 12:22

Looks like MM taking a nice 5p profit on that 100K+ block of stock taken qand feeding out in drips to PI's .

[value viper] 11/6/2020 12:08

Sorry correction, they mentioned they hope to see Asia Pacific return quicker as out of Covid quicker.

[value viper] 11/6/2020 12:05

The co though reported (just recently) an improvement in trends from Asia Pacific region as set to recover from Covid quicker than other regions ..?Maybe seller done , more printed at 100p I see

[gleach23] 11/6/2020 12:05

Well there's the sort of large(ish) random number trade of 106,853 that I was looking out for. Now there's no stock available to buy...

[pugugly] 11/6/2020 11:46

1pencil - Thanks for that - Most interesting BUT from accounts industrial only accounts for 9% of revenue (2018 f\y) whereas Gaming 32% and Financial 29% so concern is still that both main markets under structural pressure PLUS profits falling forlast 2 years and also divdends not coverered for same period.

[1pencil] 11/6/2020 11:15

It's difficult to make sense of most investments at the moment due to unexpected events. Zytronic have kept the lights on to some extent during lock down with reduced manufacturing/deliveries.

Not sure when this project actually completed but dated Jun 20.



My other hope is EMEA and APAC (Zytronics two main markets), will emerge sooner on a 'first in first out' basis, this was highlighted during May interim's.

[bookbroker] 11/6/2020 10:55

I understand that RCT., market more focused on a return to growth, or at least a cessation to falling demand. Cash does give them time, particularly under current Govt. schemes, particularly as you remark demand falling prior to Covid. I hope that despite ATMs being the weaker link down the pipe, there will be renewed interest in touchscreen technology as one would assume it reduces labour costs, etc.

[rcturner2] 11/6/2020 10:30

I have a soft spot for Zytronic as I made a good profit here in the past.

Right now I would wait for their next set of results as the business was in decline before COVID hit. I want to see their numbers before getting back in.

The cash pile is no protection against further falls in the share price

[bookbroker] 11/6/2020 10:13

We had the results just recently, now is the time!

[value viper] 11/6/2020 10:07

Agree - unless there were any price sensitive issues that would not allow for such deals.