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ZYT Zytronic Plc

57.50
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
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 0.00% 57.50 4,952 08:00:13
Bid Price Offer Price High Price Low Price Open Price
55.00 60.00 58.00 57.50 57.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Magnetc,optic Recordng Media 8.61M -1.56M -0.1539 -3.74 5.84M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:45:44 O 2,000 54.50 GBX

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Date Time Title Posts
25/5/202416:08Zytronic plc 2024 - deep value upside potential ?59
22/1/202422:27Zytronic - The Long Story1,889
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 25/5/2024 09:20 by Zytronic Daily Update
Zytronic Plc is listed in the Magnetc,optic Recordng Media sector of the London Stock Exchange with ticker ZYT. The last closing price for Zytronic was 57.50p.
Zytronic currently has 10,162,000 shares in issue. The market capitalisation of Zytronic is £5,843,150.
Zytronic has a price to earnings ratio (PE ratio) of -3.74.
This morning ZYT shares opened at 57.50p
Posted at 25/5/2024 16:08 by cerrito
I thought a very good presentation, although it made me realise how little I understand the business.
They seem to be spending alot of time on development but it seems we may have to wait some time to see the results..
As a for example they mentioned the floating buttons(no idea what they are and what they do) in gaming and he explained the steps they are making to commercialise it ie trade fair shows but he said he did not expect orders to be placed till 2026 and no doubt there will be slippage He made the comment thar I think has been made before that the gaming industry is conservative in taking up new products, although of course the flip side is that when you are in, you are in.
He recognised that ElectroglaZ taking longer than anticipated.The need for there to be a final product, rather than a component.He mentioned that he is working with two lighting companies which have exhibited this at London trade shows in the last month.
Asic being scoped and thus will go on for 2 years subject to this making financial sense.
Commented on aggressive pricing and positioning by Chinese manufacturers but he cited the example of the pizza oven where they had lost out an order to a cheaper competitor but the product had quality issues so the pizza oven chain has gone back to ZYT.
All in all given these uncertainties and long lead times-he cited that they had just got orders on a medical product that had been in the works since 2018-the strategy review with an external facilitator makes eminent sense as of course great that to have a management team who have been working together for many years but they do need being challenged, although you could say that is the role of the chairman.
Ps
We have all got comfort from the freehold property but it was confirmed that as it is on an industrial estate with zero potential for residential.
Pps
They have got a business development manager starting v soon.
Ppps
I have to confess I have no idea if I should buy or sell.
Posted at 15/5/2024 08:20 by cliffpeat
@Arthur
If ZYT had their own niche product(s) their business model might change for the better.

They are, at the moment, just part of the supply chains of their customers.

Testing the market to identify possible "own brand" products makes sense and given the considerable skills and knowledge of the workforce might discover some viable options.

Given the onset of voice activation I would think that large multi-user screens might be a niche - where the interface of a team by touch is a better option than by voice.
Posted at 14/5/2024 08:21 by crystball1
I thought the share price would fall after today's announcement.
Posted at 18/3/2024 16:44 by cliffpeat
Judging by the latest LinkedIn post from the directors of ZYT

hxxps://www.linkedin.com/pulse/zytronic-continues-innovate-zytronic-zndwe/

it appears that one of the market segments being targeted is the food processing sector.

I see this as a positive - particularly if it leads to an "own-product range" with a substantial potential addressable market.

"Zytronic manufactures these hybrid PCAP touch sensors in nearly any size and specification at its facility. The company can accommodate additional customisations such as special edge profiling, glass curvature, and incorporation of cut-outs and holes for devices like card reader slots and mechanical buttons."
Posted at 30/1/2024 10:42 by cerrito
No surprise for me that the share price unmoved by the IMC presentation.
I need to listen to the replay as I had other things going on at the time but overall the CEO -as in other presentations- for me came over well ,as did the FD, so nothing at all to be gained by replacing them and the question is more what control do they have on their own destiny.
Interesting that they have not applied at the AGM for authorization to buy back their shares in case the share price has a complete wobble.
I thought it good that after the presentation he was getting on the plane to the Barcelona trade show.
Posted at 24/1/2024 19:10 by value hound
I bought some of these nine days ago at 58.75p. The trouble is, I also bought at 86p in August. Anyway - we'll see what transpires, but FWIW, here's a snippet from Mark Watson Mitchell on Master Investor tonight... (though my own longer-term target is more like 160p)

-----------------------------------

Zytronic (LON:ZYT) – Setting A ‘Gamblers̵7; Target Price

A reversal of corporate fortunes often brings out the stock watchers and spurs them into action.

On Tuesday 9th January, the Blaydon-upon-Tyne-based touch sensor manufacturer announced its final results for the year to end September 2023.

They showed a 30% drop in sales to £8.6m and a £2.0m pre-tax loss (£0.7m profit).

The shares fell back from 80p overnight, crashing to 55p in subsequent reaction.

The company is a world-renowned developer and manufacturer of a unique range of internationally award-winning optically transparent interactive touch sensor overlay products, which are used with electronic displays in industrial, self-service and public access equipment.

Chairman Dr Chris Potts stated that:

“The Group benefits from a strong balance sheet and has good visibility over its cost base over the next twelve-month period.

"With reinvigoration of the Group’s business development function and differentiated technology and products, there are grounds for cautious optimism over the medium term.”

I have followed this group for years, in 2017 its shares peaked at over 605p.

Way back in January 2021, when they were 122.5p, I set a Target of 155p on the shares, ten months later they hit 190p.

But nothing goes in the same direction for ever!

Admittedly to see its shares now at just 59p does give them a certain appeal.

Analyst Caroline de la Soujeole, at Singer Capital Markets, has concluded that:

“We think it is reasonable to envisage broadly stable YoY sales trends in FY24e overall (2H weighted) and good progress being made in returning the business to an EBITDA break-even position.

"We await the presentation of the strategy review before reinstating formal forecasts and recommendation.̶1;

The broker notes that, given evolving industry dynamics, the group’s management have committed to set out a clear strategy for recovery and perspectives on its future direction in due course.

The company ended its 2023 year with £4.7m cash in its balance sheet, which compares to the current £6.12m market valuation.

As I stated above, poor corporate results often bring out buyers.

And so too with Zytronic – as shown by the addition of some 131,000 more shares to the joint holding of Gavin and Sian Smith – taking their position up to 444,493 shares, representing 4.37% of the ZYT equity.

I know that it is only a ‘tiddler’; but I actually fancy that little holding as being a potential winner, especially if the group’s Management gets its act together and wins a great deal more orders from its pipeline of opportunities.

I now set a gambler’s Target Price of 70p on the group’s shares, which could so easily be achieved with the announcement of some good corporate news within the next few months.
Posted at 22/1/2024 21:42 by value viper
Hi Cerrito - I have started a new 2024 thread for ZYT - let's post there - hoping it will assist the share price - gulp
Posted at 22/1/2024 21:29 by cerrito
Value Viper
Thanks for pointing me in the direction of Nexteq and as a ZYT shareholder of a few years it is remiss of me that I have never heard of them.
Be interested on the read across you folk see between them and ZYT both in the Quixant division for gaming and Densitron.I have never heard of broadcast technology in this context and do not know if this is on the radar screen of ZYT.
A quick reading suggests to me that because of their size they have far more control of their destiny than poor old ZYT.
Posted at 27/7/2023 11:12 by cliffpeat
LinkedIn post by ZYT about the HongKong project where they provide some hardware and technology.

The article at


is in the most boring typeface and is long-winded. I asked GPT to "Revise the following to make a serious but powerful point of the important part played by Zytronic the supplier of some of the technology:"

Below is the instant response - which I haven't checked but a glance suggests it is more readable and focussed. If it was my job to improve the website use-cases I would definitely run all the ZYT text through one or more of the AI tools knowing that in an hour or so (on each) there would be a significant improvement in the copy and more people would read it IMO.

Which is the point. Get read by prospective customers.

START:
Hong Kong, widely recognized as one of the most dynamically evolving economies, is the product of meticulous planning - particularly when it comes to its densely populated land space. As a testament to this, the City Gallery, an entity managed by the Planning Department of the Hong Kong Special Administrative Region (HKSAR) Government, exhibits the city's historical and ongoing planning projects while also promoting its sustainable future vision to the public.

A key attraction of the gallery is the 110-inch interactive rolling map that chronicles the evolution of the city's coastline and skyline since the 1840s. This tool enables visitors to delve into the history behind the naming of certain streets and explore how land reclamation has transformed the cityscape over the years.

The creation of this interactive exhibit is the result of a fruitful collaboration between the HKSAR planning department, local audio-visual specialists Wide Smart Technology, and ASPIS Innovation Solutions. Wide Smart Technology's role was the development of the design concept, which includes a 110-inch piece of tempered glass housing two 55-inch displays. This company has a strong reputation in Hong Kong, providing top-tier AV solutions in partnership with solution consultants and AV network designers for over a decade.

ASPIS, another prominent name in the field and a longtime distributor for UK-based Zytronic, was entrusted with supplying the large multitouch sensor for the project. Zytronic's patented projected capacitive technology (PCT™ and MPCT™) sits at the core of this offering, rendering it an ideal touch solution for public use. For this significant project, ASPIS recommended the use of two pieces of 55-inch ZyFilm® multitouch flexible foils, manufactured at Zytronic’s UK facility and efficiently shipped to Hong Kong.

Once in Hong Kong, ASPIS adhered the ZyFilm® to the back of the locally procured glass. Using Zytronic's ZXY500™ multitouch controller, ASPIS was able to finely calibrate the 8mm gap between the two adjacent touch sensors onsite. The controller supports up to 100 simultaneous touch points and delivers rapid and accurate touch and gesture responses, making it perfect for a multiuser installation of this magnitude.

Following the installation, a representative from the HKSAR Planning Department Government expressed that the interactive multitouch exhibit serves as a platform to engage and inform visitors about their exciting and sustainable urban future plans. It also sheds light on the intricate planning and construction efforts that have shaped Hong Kong over time.
END

Waddyathink?
Posted at 14/2/2023 11:04 by rivaldo
Paul Scott on Stockopedia did a write-up on ZYT the other day - a fair summary at this stage, reflecting the defensive quality via the asset backing, the potential upside and the current state of play:

"Zytronic (LON:ZYT)
132p
Market cap £13m

AGM Trading Update & Board Changes

The current financial year is FY 9/2023, so this update covers the 4 months to Jan 2023.

It’s a bit lacklustre, hence the share price dropping c.12% yesterday.

What surprised me was the comments that supply chain issues are still having a significant impact, with shortages of components causing it to pay more for unofficial supplies, and cannibalising finished goods for the components, which sounds a bit extreme, and would presumably involve extra labour costs (and maybe having to write off other inventories?). It’s not good anyway.

Monthly order intake similar to H2 last year. That’s not good, as H2 LY was only £4.9m order intake, suggesting that the current revenue run rate could be as little as £10m annualised.

Pipeline – sounds more encouraging, with £61m in lifetime value of contracts, although that’s multi-year, and not all of it will actually turn into contracts. I prefer firm orders, to numbers on pipeline of potential opportunities.

Although this all sounds rather negative, the good thing about Zytronic is it has a proven ability to operate around breakeven, even in very slow years. In good years, it has been highly profitable. Plus of course there’s pots of cash in the bank, relative to the size of the company.

Net cash is now £6.8m, just over half the market cap. It’s genuinely surplus cash too, if you look at the last balance sheet, net current assets was £9.8m, with no significant long-term liabilities.

So this share tends to attract value investors, who like the strong asset backing, and you’re getting the business thrown in for very little extra – a nice combination I think, for patient investors.

Outlook – a stronger H2 expected, although it cautions that pay rises for staff are likely to be more than budgeted.

My opinion – this is an interesting little value share. You have the comfort of strong asset backing, supporting most of the share price. Then you get upside from a possible recovery of the business, on top of that.

So a thumbs up from me, as a value share. Note also the consistently high StockRank.

It’s interesting to note a permanent de-rating of this share from the 5-year chart below. That came about because, as it turned out, the company had a number of key products that reached end of life, with repeat orders drying up. That’s the sort of thing that only insiders really know about. We always think we understand companies we invest in, but the reality is that outside shareholders usually haven’t got a clue about the inner workings of any companies we invest in.

The number of shares in issue has fallen from 16m to only 10m, following large buybacks. So theoretically, if orders recovered to previous levels of profitability, this share could not just recover to 500p, but go considerably higher. So there’s an opportunity here, we just don’t know whether that positive scenario will play out, or not."
Zytronic share price data is direct from the London Stock Exchange

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