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
  -2.50 -1.28% 192.50 14,131 08:49:54
Bid Price Offer Price High Price Low Price Open Price
185.00 200.00 195.00 192.50 195.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 22.29 4.19 22.70 8.5 31
Last Trade Time Trade Type Trade Size Trade Price Currency
16:09:31 O 320 186.00 GBX

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Date Time Title Posts
11/10/201918:59Zytronic - The Long Story453
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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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 195p.
Zytronic Plc has a 4 week average price of 192.50p and a 12 week average price of 192.50p.
The 1 year high share price is 427.50p while the 1 year low share price is currently 192.50p.
There are currently 16,044,041 shares in issue and the average daily traded volume is 32,701 shares. The market capitalisation of Zytronic Plc is £30,884,778.93.
brucie5: RC, fair point, but when high dividends are cut, is there not also, perversely, a potential filip to the share price? Contract VOD and BT. Of course I could be wrong, because I'm clearly, as always, betting against the market here. But that's what we do!
effortless cool: I have sold out of ZYT. I felt that the Questor tip took them up to an excessive valuation in light of the preceding profit warning. Having done the work setting up a model for these, I will keep analysing them. Currently, the share price would have to fall below 320p for me to be interested in buying.
robow: Questor: the fall in Zytronic shares after its profits warning is a chance to buy on the cheap Zytronic makes rugged touch-interactive displays and screens. Questor says buy Richard Evans 23 OCTOBER 2018 • 7:29AM Questor share tip: Zytronic still has skilled managers, a strong competitive position and robust finances A profits warning from Zytronic, the maker of rugged touch-interactive displays and screens, is an unwelcome surprise. But this column’s faith in the Aim-listed company’s management acumen, long-term competitive position, financial strength and earnings potential is undimmed. So it follows that the nasty tumble in the shares that accompanied the alert has to be treated as chance to dive back in. Pre-tax profits for the year to September are now forecast to come in at £4.2m against analysts’ previous expectations of £5.2m. Some £300,000 of that shortfall relative to estimates rests with the legal costs relating to what chief executive Mark Cambridge described as a “spurious patent claim”. The other £700,000 relates to initial costs relating to new screen designs and production costs at the end of the year. These should start to work their way through in the new fiscal year. If and when volumes start to rise, profit margins could expand swiftly as overhead is recovered This all therefore feels like a short-term stumble rather than anything more serious, such as a threat to Zytronic’s technological edge. The statement from Cambridge, who has over a decade at the helm, did not smack of panic – and investors should stay calm as well. It now looks as if the company’s profits will drop year on year for a fifth time since its 2000 flotation, so at least this column’s forecast of earnings and share price volatility looks spot on. Investors can afford to be patient. Even an unchanged final dividend of 15.2p, added to the increased interim payment of 7.6p, puts the stock on a yield of 6pc. The profit disappointment may mean that earnings cover for such a distribution will be lower than ideal but the balance sheet has net cash. This company has many moving parts and there is much to be done, but the reduction in debt means that there is no need to give up on the turnaround and crystallise losses. Questor says: buy Ticker: ZYT Shares price at close: 385p
denbos: Big drops smash touch screen! Oooooops! flexibility of screen must have saved breakage & gentle touch must allow for reversion of share price if predator doesn't swallow remnants.
sturmey: I cannot understand the reaction to this bland one-sentence trading update. And all the "detailed "analysis" trying to work out what is the underlying meaning behind "broadly in line". Personally, I take it at face value. Definitely not a profit warning. I see the share price gradually recovering from the over-reaction. Possibly share price had run ahead in expectation of a profit upgrade. I missed this year's AGM but have confidence in the LT direction of the company and share price
rcturner2: The share price is rising as we approach the AGM. I wonder if there is an expectation that they will make an announcement in relation to the cash pile, such as a special dividend or an acquisition?
chashley1806: Hi jamieb73.I've been wondering the same, as the fundamentals of ZYT continue to look solid (IMO). Possible reasons in my view as to why this share has fallen by so much age:1) this is a thinly-traded share. Therefore, it doesn't take much for the share price to go up or down - just a couple of trades will see price movement.2) as has been said already on this thread (I think), ZYT did themselves no favours with their last trading update in October. Basically, profits "in line with market expectations" isn't good enough if market sentiment is that profits should "exceed" market expectations. I wonder, therefore, whether there has been some profit-taking going on, which has depressed the share price.3) this said, in my opinion, the forecast eps of 30.2 on a conservative p/e of 17 would put the share price at about 515p. So when, at time of writing, the share price is at 490p, then it is over-sold in my opinion. I've also noted that there is a lot of buying activity when the share price is at such lows, so the support would appear to be there.I think all eyes will be on ZYT when it releases its full year earnings due on 11 December, if I recall correctly.
shauney2: Good explaination of the nature of the business and the lumpy orders from Richard Beddard. hTtps:// Watch: Zytronic (ZYT) Touch sensor manufacturer Zytronic's (ZYT) results can be unpredictable. The company's big weakness is that it relies on three major customers for 58% of its revenues. If a big customer stocks up in one year, it orders less for the following year; and there's always the risk Zytronic will lose the business of a significant customer altogether. Having stocked up on displays for its vending units in 2015, Coca-Cola ordered far fewer in 2016, sending vending into third place behind the gaming and banking industries in terms of revenues earned by Zytronic. Although the company managed to lift profit marginally in the year to September 2016, in previous years when it has experienced de-stocking that hasn't always been the case. In mitigation, Zytronic's sensors and screens are designed into its customers' products, so it tends to remain a supplier for the product lifespan. Zytronic's patented sensors sit beneath glass up to a centimeter thick, enabling the screens to withstand vandalism and harsh environments. As well as vending machines, it supplies screens for slot machines and ATMs. One of the glitzier applications for the sensors showcased in its annual report is a digital roulette table housing an 84-inch screen. Though profitability undulates, over the last decade Zytronic's return on capital has never fallen below 8%, and strong cash flows in recent years have allowed it to pay down debt. The company's cash balance net of very modest borrowings stood at over £11 million at the year end. A share price of 390p values the enterprise at £40 million, about 15 times adjusted profit in 2016. For long-term investors, the shares could make a good investment.
investorschampion: Despite the conservative basis of our valuation, it still suggests that Zytronic is under-priced at the current (March 2nd) share price of 405p, for a £65m market cap. Should the anticipated growth be achieved through 2017, a fair value of £90m+ would be more realistic, offering potential share price upside of >40% from current levels. There will always be an element of risk given the customer profile, but this risk:reward proposition appears to be more than fair to potential new investors.
igoe104: Strange things, market are ? compare zyt to igp, who have just announced results. Igp have announced a loss of 1 million, for the year. they are capped 5 million more than ZYT. they have 4 million less in the bank than ZYT and don`t pay a divi, where ZYT pay a cracking one. so how come their share price has gone up on results, while ZYT has gone down ?
Zytronic share price data is direct from the London Stock Exchange
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