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
  -5.00 -3.85% 125.00 5,797 08:00:06
Bid Price Offer Price High Price Low Price Open Price
120.00 130.00 130.00 125.00 125.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 20.10 3.06 16.80 7.4 20
Last Trade Time Trade Type Trade Size Trade Price Currency
12:39:50 O 1,775 121.20 GBX

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Date Time Title Posts
01/12/202021:26Zytronic - The Long Story857
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
2020-12-01 16:35:07130.0079.10UT
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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 130p.
Zytronic Plc has a 4 week average price of 115p and a 12 week average price of 99p.
The 1 year high share price is 255p while the 1 year low share price is currently 77.50p.
There are currently 16,044,041 shares in issue and the average daily traded volume is 24,618 shares. The market capitalisation of Zytronic Plc is £20,055,051.25.
bookbroker: What has got to do with ZYT?
varies: The share price is marking time until the results for the year to 30 September are released and we were told in the latest trading statement that this would be in early December. If these are no worse than we expect, then I believe that ZYT shares will at least outperform the market for several months. I am hoping for a modest pre-tax profit, not just a positive EBITDA, and a dividend. We are unlikely to see such large dividends as before but about 5p for a full year (as mooted above) would be very welcome.
dangersimpson2: It does seem daft that highly indebted airlines are close to all-time highs in EV terms (once you account for their equity raises, extra debt and sale & leaseback transactions) during a period when almost their entire fleet is grounded. Yet something cash-rich such as ZYT, where Covid could be a long-term positive for their products as well as a short-term risk, is still significantly below pre-covid highs.
varies: 1pencil Thanks so much for passing on the news from Pilkington. This is very re-assuring. I bought a few ZYT shares on Friday and some more this morning, paying 124/125p. Modest as is the amount of my investment, it may be that I have moved the price as the market is very thin. My last purchase was in Feb 2018 when I paid 499p ! So I do not hold myself out as a good judge of this share. football Thank you also for your link to business-live. I have not yet succeeded in reaching this but will try again.
varies: bookbroker As you suggest, I have looked at their web-site. Their presentation dated May 2020 lists some of the effects on them of COVID-19 and one of these is described as "Raw material supply issues, particularly closure of main glass supplier". Who is or was their main glass supplier ? It is so long since Pilkington's was taken over that I forget who bought it. Since ZYT do all their manufacturing in or about Newcastle, I assume that they obtain their supply of glass in the UK and I cannot readily think of any other British glassmaker than Pilkington's. Perhaps Corning Inc make glass in this country too. I will check on this. I would be very surprised to learn that ZYT cannot obtain supplies of glass but it is hard to see how their business could survive without it.
dangersimpson2: I agree. It is the change of perception that matters, rather than objective value. For example, look at the recent returns of some companies that traded at a discount to cash plus working capital like ZYT: EVE: 360% return 1.3p to 6p XAR: 600% return 20p to 140p ARDN: 480% return 2.5p to 14.5p PPIX: 620% return 0.9p to 6.5p In each of these cases, there was no return of excess cash or similar action, all reported recent losses, and all are guiding future losses. The only thing that has really changed is the perception that things are getting better, that losses are reducing and that they started off on a rating that was very very cheap. So, while it would be nice to see a plan for the excess cash, some broker forecasts or management presentations, all it would really take for ZYT to become a multi-bagger is a small change of perception: that things are getting slightly better rather than worse. And that is the beauty of buying something this cheap. The mistake in these cases is usually scaring yourself out of taking a position due to losses, a weak outlook, not liking management or not seeing a catalyst for a re-rating. I missed out on both EVE & PPIX because I didn't like the level of their ongoing cash burn and the quality of the products or business strategy.
aleman: Share price 75%+ backed by cash. Seems to be running not far off breakeven at the moment. Should be no working cap issues when work picks up. I wonder how the competition are doing. Some of them might have financial problems which will work to ZYT's advantage.
dangersimpson2: Nice find...this is Sahara: hTTps:// They don't say if the deal was on a cash free/debt free basis but these usually are so that would be a quick comparison: Sahara ZYT Year to TTM to 31st Dec 2019 31st March 2020 Sales (£m) 78.7 18.0Gross Margin 24% 32%PAT (£m) 6.6 1.9EBITDA 8.3 3.3NTA (£m) 26.2 22.5Mktt cap (£m) 74.0 18.1Cash (£m) 0.0 12.4EV (£m) 61.6 5.7 EV/S 0.94 0.32P/TBV 2.82 0.80EV/EBITDA 8.94 1.73 Similar EV/EBITDA would put a £42m or £2.62 per share read-through valuation on ZYT. This would be a higher EV/S but ZYT is a higher quality business due to the higher gross margins it achieves so this wouldn't be unexpected.
cliffpeat: Is marketing skill in short supply at ZYT? 4 directors - comprising 2 NEDs with financial/investment backgrounds, FD and CEO who appears to have been involved in development, production as well as sales and marketing during his 20 years with the group. Is it time for an effective marketing/sales director to bring new commercial focus, creativity and energy to the top table? Perhaps someone being held back in a competitor business? ZYT is a serious company with proven competence in a highly technical market. But it feels as if communication with the market place might be a weak spot. The following is just my (accountant's) opinion and comments from a cursory look at the YouTube channels of the company and its website. Don't bother to read if you disagree with the above. Website (conclusion that more and better videos required): Case studies IMO are better with introductory short videos supporting the "words") Then for example take "Insights" - which includes this interesting proposition: htTps:// BUT It is pages long and doesn't arrive at a point of relevance to ZYT for 7 dense paragraphs "setting the context". Why not make a short video with a technician or sales person introducing the Insight and getting the "point" in a few seconds then suggesting those wanting a deep dive read the article below? And that particular article - however interesting it might be - could really do with a copywriter's edit. Product videos: I've been looking at some of the YouTube videos and many of them have the same irritating "plinkety-plonk" backing music. Wearing if you watch more than one. The ones I have watched don't have a "call to action" attached other than the web link nor any footage of installed real-life applications with "real" users. Just a couple of long-winded comments to illustrate how the company might do a lot better. @CliffPeat
nchanning: We're in the middle of the greatest economic shock in our lifetimes . Zytronic share price down about 2/3 in a couple of months . Should the company bother communicating anything to its shareholders ? Zytronic Board : 'Nah'
Zytronic share price data is direct from the London Stock Exchange
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