Share Name Share Symbol Market Type Share ISIN Share Description
Zytronic Plc LSE:ZYT London Ordinary Share GB0006971013 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50 -2.11% 162.50 20,357 09:17:40
Bid Price Offer Price High Price Low Price Open Price
160.00 165.00 166.00 162.50 166.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 11.68 0.45 3.00 54.2 19
Last Trade Time Trade Type Trade Size Trade Price Currency
14:47:24 O 771 160.10 GBX

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Date Time Title Posts
17/1/202222:44Zytronic - The Long Story1,451
21/5/201622:38Zytronic - 20091,164
30/4/200912:12Time for a Bull Flag from this Chart395
21/4/200915:09Zytronic plc2

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Zytronic (ZYT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-01-20 14:47:26160.107711,234.37O
2022-01-20 14:40:44163.41234382.39O
2022-01-20 14:35:47163.53611999.14O
2022-01-20 13:38:05163.68451738.20O
2022-01-20 11:59:36163.771,5262,499.13O
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Zytronic (ZYT) Top Chat Posts

Zytronic Daily Update: Zytronic Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker ZYT. The last closing price for Zytronic was 166p.
Zytronic Plc has a 4 week average price of 162.50p and a 12 week average price of 160p.
The 1 year high share price is 205p while the 1 year low share price is currently 122p.
There are currently 11,419,152 shares in issue and the average daily traded volume is 8,927 shares. The market capitalisation of Zytronic Plc is £18,556,122.
asagi: the presentation demonstrates the momentum. This is key takeaway for me, page 11: "Dynamic CRM opportunities log + 30 September 2021, 391 opportunities, projected value £28m, 17 classified at ‘Project’; status, projected value £1.5m. + 30 November 2021, encouraging improvement, 420 opportunities, projected value £31.4m, 23 classified at ‘Project’; status, projected value £3.5m" so, the scale of sales projects has increased from £1.5m to £3.5m in just two months. Asagi (long ZYT)
kiwihope: Thanks you guys for the financial analysis. I was going to do the same but you saved me the trouble. Much easier checking someone else's calculations than doing your own! There's one other thing you haven't mentioned which makes the valuation even better in my book - enterprise value. If you assume 10p eps and net cash of about £10M that gives a P/E in enterprise terms at current valuation of 10. Any increase in eps from here will lower P/E further. So the upside is the share price is probably undervaluing the company at the present time; any growth makes it look very undervalued. The downside is omicron may cause a problem in the gaming sector. Considering all this I have topped up today.
illiswilgig: I see that Singer have a new note out on ZYT based upon todays results. Available on Research Tree - for anyone with a subscription (I don't have one). Very positive with a price target of 250p.
robow: from Questor Update: Zytronic Last month saw a further positive update from the rugged screens manufacturer Zytronic. While it is a long way back to our entry price north of 400p this at least justifies our decision not to jettison our shares in the company, where technological leadership and net cash on the balance sheet are now being joined by improved business momentum as foundations for a solid investment case. The chief executive, Mark Cambridge, said sales in the second half of the year were 44pc higher than in the first half and predicted a return to profit for the full year, as well as a welcome increase in the net cash pile to £9.2m, which in turn underpins the £21.7m market value. Hold. Questor says: hold
bones: 1pencil, the one thing ZYT does not seem to have is supporting institutions. In fact both of their recent main ones sold out in the recent share buyback at 145p which was probably engineered by them for that purpose.. I have handsomely profited in the past from small institutions in microcaps selling out of stocks at the bottom for their own reasons. Often the cleared overhang heralds a very decent appreciation in share price over the next year or two.
bones: 1pencil, I have ZYT “pencilled in” for a resumption of dividend. They are notoriously reserved in their rare statements to the market so when they last piped up and stated that they were very encouraged by the recovery in gaming and finance sectors, I took that to be a vote of confidence in their recovery profile. In my view, no recovery in ZYT appears to be baked into the share price. We won’t get to hear about the final results until November/December but perhaps we might get a trading update by year end 30/9? If things have turned up meaningfully, they really should say so. Plus there are new products to be launched over the next year with a Twitter hint that the Zybrid Edge product could be ready soon.
bones: While ZYT bumbles around the 150-170 range, the market isn’t really factoring in the growth occurring now in its markets albeit from the depths of a major slump in 2020. This growth taken together with a much leaner cost base should yield a positive surprise in profits over the next year or two, IMO. Why? What we know is this from the Nov20 finals, Jan21 trading update and May21 interim statement: Turnover for the quarter to 30/9/20 was approx £2.0M (the trough of the dip) Turnover for the quarter to 31/12/20 was approx £2.0M (the levelling out stage) Turnover for the quarter to 31/3/21 was approx £2.8M (40% Q on Q increase) Accompanying the interim announcement were the following statements: "Whilst we are starting from a very low base compared with our historic sales levels, the recent improvement in orders and sales are an encouraging sign of the prospects for the second half and for a return to profitability as more normal global trading resumes post COVID-19." ”.....from January onwards we have seen an improving monthly average order intake, and it is particularly pleasing that the Gaming and Financial sectors have made a major contribution to the improvement.” I would think it 100% certain that these areas of business will continue to recover as the developed world continues to “reopen”. Whether this translates into continued 40% per quarter increases is probably doubtful but solid growth could be there to be had. This will be at the same time as Zytronic start trialling some of their new IP developments with selected customers. At a share price that has barely moved for months, I am preferring the signals sent out by the two new investors who snapped up 7% between them recently for 170p. Patience is almost certainly needed here but, providing the overall markets hold up, ZYT seems a pretty safe play for me. The bonus is that a good upside surprise in profits and prospects should re-rate the share to some degree. There will probably also be a dividend reinstatement. The backstop is that Zytronic is surely a sitting duck for an overseas predator while its IP is so dirt cheap! (Avesco from a few years back always comes to mind for me, as it languished before a 100% premium bid came in out of the blue). All IMHO.
bones: I agree on the NXT comparison (that was NXT plc, ticker NTX, rather than Next!). I recall it well as made a packet on that share when it went from £5 to £22 in about a month in 1999 (I used a stop loss in that case around £18 as the valuation was hyped and stupid which was a good thing as it bombed when the dot.com bubble popped). I get the impression ZYT have a far more level-headed idea of the possibilities of its concept as I am unsure if NXT even knew what to do with their talking bus shelters and pictures on the wall. Essentially, ElectroglaZ uses its glass surfaces as a conductor of low volt electricity in place of wiring, which is pretty neat when it comes to all over transparency. It’s really all about aesthetics and appearance for presentations, be they displays, promotions or functions seemingly sitting in the middle of thin air. When I corresponded with the CEO recently about it, he said they had only just started demo’ing the products in test situations with selected clients and targets and that it is “too early to tell” the impact. However, it does seem that they have designs on creating a product for sale themselves as well as their usual MO of supplying component parts to other manufacturers. He also said it is typical for Zytronic developments to take two years to reach commercial maturation. For me, there is enough to be pleased with and, as others on here said recently, it is good to see that they have continued to develop their IP even as their world was falling around their ears. In the meantime, I read the smoke signals from the recent update as encouraging concerning casinos and financial, traditionally strong markets for them. With Asia and the US reopening for big nights out by desperate punters, I am sure casinos will be upgrading their attractions. I expect to hear of a strong recovery in profitability over the next few months especially with Zytronic having cut costs severely last year. They also still have £3.5M (at today’s share price) of surplus cash to weigh up.
bones: Cerrito, thanks for the observations. I guess my thoughts are: - when is a Zytronics release not terse? :) They are never more than to the point but it is usually the final results where a lot more is discussed. Probably worth reading the actual financial statements from them in Companies House for info. - However, Mark Cambridge is happy to correspond if you have queries about any release they make. There’s a message facility in the investor section of their website to kick it off. - I agree that they are not especially communicative outside of this. A lot of these video presentations (investormeet etc) can be promotional in nature rather than useful. I always find the Q&A sections by far the most useful as sometimes you can pick up on the body language surrounding answers. That said, I like investments where you need to work a bit to find what you want rather than hear a message that many others are hearing. I can sometimes get ahead of the game if it’s my own research in small companies. - Zytronic is up my street almost because it seems to underwhelm a lot of investors. For me, I see a recovery story that is just not appreciated. The more that are looking the other way, the better, as far as I am concerned as that suggests the share is probably undervalued if my thesis is correct. - I expect the recovery over the next year to be decent and I don’t think anyone appreciates the potential of their new products that are only just out of development (eg, ElectroglaZ, Zybrid Hover and Zybrid Touch). These won’t affect this year’s numbers but there could be more to report about their progress at the finals in a few months. - They are busy on Twitter promoting the new stuff. Most of the potential is not in the price, IMO. The interims are history but they signalled a good recovery in some of their markets and their costs were butchered during Covid so the operational gearing could be significant. Perhaps it won’t all pan out as I hope but, the price isn’t reflecting that expectation and some dudes have bought 7% of the company recently above today’s price which I find encouraging. I ask myself if those guys relied on an ADVFN BB for their data before investing or did they do more research? I don’t know of course but I would hazard a guess they did some. As it stands, I also think Zytronic is a sitting duck for a takeover for their IP. They are defenceless with only a small shareholding in management hands and the two institutions having sold out in the tender offer. How often do bored institutions sell at the bottom? More often than you think. Their products are used in a lot of high tech display equipment worldwide and if Zytronic management cannot make it work, I’m sure a bigger organisation can. All just my opinion and how I justify my own investment!
jamessmith23: Questioning the reason for changes in revenues, profits, share prices, etc is what a good investor does. Blindly accepting that management are the best and shouldn't be questioned isnt going to result in very good investment results because there are a lot of poor managers/directors out there so you do need to do your due dillegence. The share price is 75% down from its peak, they may have generated decent EPS but actual returns for most shareholders hasn't been great as this is the lowest the share price has been in 10 years. These boards exist for people to learn more, discuss and ask questions, if you don't want to do any of those things then why post at all? I appreciate hearing people's views and asking questions, it's how you create a balance argument which results in your choosing whether or not to invest in a business.
Zytronic share price data is direct from the London Stock Exchange
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