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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
  0.00 0.0% 112.50 3,077 08:00:00
Bid Price Offer Price High Price Low Price Open Price
110.00 115.00 112.50 112.50 112.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 11.68 0.45 3.00 37.5 12
Last Trade Time Trade Type Trade Size Trade Price Currency
13:26:34 O 893 110.00 GBX

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Date Time Title Posts
21/9/202215:24Zytronic - The Long Story1,678
21/5/201623:38Zytronic - 20091,164
30/4/200913:12Time for a Bull Flag from this Chart395
21/4/200916:09Zytronic plc2

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Posted at 28/9/2022 09:20 by 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 112.50p.
Zytronic Plc has a 4 week average price of 112.50p and a 12 week average price of 112.50p.
The 1 year high share price is 205p while the 1 year low share price is currently 112.50p.
There are currently 10,843,652 shares in issue and the average daily traded volume is 24,349 shares. The market capitalisation of Zytronic Plc is £12,199,108.50.
Posted at 09/8/2022 10:57 by asagi
I think that might be correct. JAC Walter is the beneficial owner of the shares and has to report BUT Interactive Investor is the name on the share register and thus the true 'shareholder'. These forms are a right mess but that's not JAC Walter, Interactive Investor or Zytronic's fault. Old days were much better when investors didn't have to fill out TR1s on AIM and could just explain the situation in plain English but I think that TR1s are compulsory now. Asagi (long ZYT)
Posted at 04/8/2022 17:32 by gdjs100
I actually think JAC Walter has filled the form out incorrectly and didn't need to disclose II held their shares. According to the ZYT IR website there are over 1.8m shares held with II, not just the 400,000 or so here.
Posted at 11/7/2022 16:58 by illiswilgig
I'm not aware of anything. I expected a fall like this after the buyback completed a few weeks ago. Until now I've been surprised by how well the share price has stayed up. Normal service now resumed. It's totally illiquid with an average of 7k shares traded a day. My simplistic view is that there are no buyers in the current bear market. Market makers don't want to hold the shares overnight and get caught with a loss in the morning so will move the price downwards until they are certain that they can shift any shares that they buy at a profit rather than a loss. As I say - that's just a simplistic view. I'm a potential buyer - but like the rest I'm waiting to see if it goes much lower before adding more. MPAC profit warning was grim (I don't hold but have watched it for some time). Looks like the supply disruption and cost increases have squeezed margins and lengthened delivery timescales - and now customers are delaying orders in the face of the anticipated recession. There is a read across from this to a lot of companies. Although MPAC is likely ahead in feeling the pinch as it supplies automated production equipment - and production capex is likely the first thing to be paused in the face of an oncoming recession? Zytronic discussed the difficulties with order visibilities in their recent webcast (the Q&A ia well worth a listen in my view). The long-lead orders they booked in H1 are helpful in this context (the reverse of the MPAC situation if I understand it right) but visibility of orders in H2 is still limited - they are right to be conservative. cheers
Posted at 26/5/2022 08:33 by waldron
WITHOUT THE SHARE BUYBACK TO SUPPORT AND NO DIVI DESPITE PROMISING COULD THE share price FALL FURTHER Strong support it seems at 157p and then down to 138p
Posted at 24/5/2022 14:32 by cerrito
Yes the IMC presentation well worth a listen. The main takeaway I got was low visibility, a phrase I heard the CEO saying. This has always been an issue with ZYT and of course now there is the issue that their clients are themselves sourcing components which are subject to delays. While a bit blue sky I liked the comments on the potential of the EV charging market. I note from Research Tree that Singers have a 250p TP and I am comfortable it will get there but no idea of the time frame. I liked the slide with the Forecast lifetime value and the increase over the semester but could not find a similar figure in previous slides and kicked myself that I did not ask how that figure compared with figures over the last couple of years Other questions I am kicking myself for not asking are 1. The FD said that they had limited ability to do buy backs under the authorization till the next 2023 AGM. Yet the 2002 resolution duly passed gave them authority to purchase 1141915 shares from March 3 2002 and they have only purchased about 370k since then. Anyone understand? 2. Given the low share price, the low value of £ against the $, the lack of any major shareholders to win over, their position in the world wide markets, one would expect them to be a takeover candidate and what the observations of management were on that. 3. I would have liked a bit more colour on why they lost a design deal for ATM‘s with 2 banks.
Posted at 24/5/2022 12:39 by illiswilgig
Just listened to the presentation on the IMC website. The questions and the answers to them have also been uploaded to the site including a few that didn't get answered during the call. After a rocky first few minutes - I found it well worth my while. It was their first presentation after all. What did you expect - Elon? - for a company with a market cap well under 20m? I am always pleased when presentations reveal normal people and not super smooth execs with all the right answers.Then I tend to wonder what I am being sold. By the final summing up - I noticed that the CEO had lost his hesitancy and become quite the enthusiast, almost bouncing up out of his chair. That I liked. I don't expect an FD to do enthusiastic and I do expect them to outline the risks. I was not disappointed. Management expectations for H2 are cautious. That came across from the FD with pay rises and raw material price increases and electronic component availability all issues. Adding together previous year H2 of 5.2p and H1 of 3p gives a ttm of 8.2p (not accounting for H1 buybacks) which is higher than the brokers current figure of 7.3p for this FY. On that basis I'd expect the share price to fall once the buyback ceases in the next couple of days. I plan to buy more once it bottoms and funds allow. Presuming that nothing goes disastrously wrong - I can see room for some upgrades as progress in H2 becomes clear - but then I am an optimist. Whatever, I can't foresee what's going to happen in the next few months, but the presentation left me clear that they have developed IP and products that address some potentially huge new markets and are intent upon continuing to move up the value chain rather than compete on price with squeezed margins. In the long term I am confident, but nothing is ever guaranteed even in my glass half full view.
Posted at 23/3/2022 12:08 by rivaldo
Looks like ZYT have been tipped by Malcolm Stacey this morning (subscriber-only): Https:// "I'm with Steve and Tom, Zytronic Is Set to Touch a Glittering Future. By Malcolm Stacey | Wednesday 23 March 2022 Hello Share Shufflers. Uncle Tom and Steve write appreciably about the touch sensor king Zytronic (ZYT). And I thought I’d like to support their enthusiasm. In an age when many more of us rely on digital gizmos, there can be little doubt that touch screens are more and more essential to those folks seeking an easier life etc"
Posted at 22/3/2022 07:28 by rivaldo
Another 125,000 shares bought back at 152,5p: Https:// Hard to believe given ZYT's prospects, cash backing, microcap size and illiquidity that there are still such large sellers left. There can't be many more after the 100k on Friday too.
Posted at 17/2/2022 18:42 by sturmey
In response to she-ra In the past, I didn't see the point of share buy-backs until I twigged. This is partly because my two largest holdings (Apple and Diageo) are aggressive users of share buy-backs. Take a look at their long-term share price charts Put simply, the market cap (as velocyTongo points out) is the number of shares X share price. Assuming that the value of the company (ie the market cap) is unchanged by the buy-back (a pretty decent assumption) then fewer shares means a higher share price. The market cap is essentially the value of the company so therefore should be not related to the number of shares in issue. I am a long-term (and reasonably large) holder of ZYT. I think its a great little company and have had 2 factory tours. But it is a minnow. But that also means it can operate in a niche which would not attract big players. I would not be surprised to see it taken over. I am also a holder of Air Partner which is currently under offer (which I hope will be increased). The parallel with AIR is that both are out-of-favour undervalued UK small caps. VNET is another example (which I hold). I was poised to top-up my holding in ZYT a few days ago but was quoted 153p on a large spread so I declined. On a risk/potential reward ratio, ZYT is a steal at the current price. But not for "widows and orphans".
Posted at 06/2/2022 21:49 by illiswilgig
Good points all - thank you. I agree that the current share price is most frustrating. And quite uncomfortabe. Makes me question my thinking. The 7.4p eps forecast for the current year looks too low to me and does not help interest in buying the shares. It's not been raised since before the FY results in December so it looks out of date to me. But then ZYT is not alone in falling backwards - a lot of small caps are in the same boat right now. Management tends to be cautious almost to a fault especially in respect of shareholder communications. Though I commend the straightforward accounts and especially the accompanying presentations. A couple of points that I've noted. The full year eps is understated by a small amount because of the weighted average of shares used by the accounts. Should be more like 3.6p rather than 3p, Which makes the current year forecast look like 2x last year. Except that the eps in H2 was more like 5.2p adjusting for the loss in H1 and using the actual number of share in issue instead of the weighted number of shares. Fully year eps based upon 2x H2 would be more like 10.4p But that makes no allowance for the increase in sales so far this year. At this point I'll cut management a bit of slack - as it's been impossible to predict the impact of the pandemic and rolling lockdowns upon trade and recovery. Another variant could easily knock things back a bit. Even so - if things continue as they are I expect them to do better than 10.4p Maybe I've got something wrong here in my thinking? That would not be the first time. But in my view current share price is more like 12x - 14x likely current year earnings. And as you say with the cashpile going on over half the current market cap - looks cheap to me. Accordingly I've been rummaging around in my back pocket and down the back of the sofa for a few spare quid and bought some more. Is it too much to hope for some positive words at the AGM given that H1 will be all but done and dusted? The silver lining with the lack of liquidity is that it won't take a lot of demand for the shares to rising again, cheers all,
Zytronic share price data is direct from the London Stock Exchange
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