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ZYT Zytronic Plc

58.00
0.00 (0.00%)
26 Jul 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% 58.00 0.00 07:31:26
Bid Price Offer Price High Price Low Price Open Price
56.00 60.00 58.00 58.00 58.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Magnetc,optic Recordng Media 8.61M -1.56M -0.1539 -3.77 5.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 58.00 GBX

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Date Time Title Posts
22/7/202418:01Zytronic plc 2024 - deep value upside potential ?68
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 26/7/2024 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 58p.
Zytronic currently has 10,161,737 shares in issue. The market capitalisation of Zytronic is £5,893,807.
Zytronic has a price to earnings ratio (PE ratio) of -3.77.
This morning ZYT shares opened at 58p
Posted at 22/7/2024 18:01 by arthur_lame_stocks
On the possibility of a takeover here by Neqtex, I actually think it could be a realistic theory. Neqtex generates about 50 percent of its sales in North America and ZYT about 40 percent in APAC.

Nexteq could possibly get some useful new customer relationships basically for nothing just by offering us NAV for our shares.
Posted at 22/7/2024 12:46 by arthur_lame_stocks
I would have thought ZYT might be a better fit for Nexteq? They could afford them without breaking a sweat and their Densitron subsidiary appears to do much the same thing.
Posted at 22/7/2024 11:42 by cliffpeat
When the casino gaming industry ran into the buffers it highlighted the dependency upon ZYT being just part of that supply chain. As discussed on this board, it would seem that ZYT has the intellectual and practical knowledge that would be required to produce their own product/range. A profit centre less dependent upon the vagaries of being just a components supplier.

Of course, that only works if they can find, market test, develop and sell that elusive product/range.

Which is where Anders Electronics might come in. It's a product development company "... Supporting you throughout the product design, our engineering team build an initial concept and see this through the development cycle from evaluation, pre-production, mass production and beyond, addressing any technical challenges and supporting your project on the way ..."

It also appears to have worked with ZYT in the past.

I was impressed with the short video of Mike Logan from 4 years ago.

Just thinking aloud - but could envisage that the market might be energised if a close affiliation emerged and ZYT acquired "go to market" specialists to complement its technology expertise.

Chances of it happening or even being considered? Probably none :(
Posted at 22/7/2024 10:02 by cliffpeat
A post from Anders Electronics plc - a company that specialises in the development of displays and interfaces -"liked" by Andrew Morrison (CTO)on LinkedIn. Anders appear to be a long term collaborator/customer of ZYT.



Mike Logan is Anders Display Technology "guru" of 25 years.



Anders Tech in 2023 had turnover of £16m and net profit post tax of £244 - down from previous year of £22.6m and £703k. It appears to be owned by 3 "Anders" all of whom are in their 70s. I wonder if ZYT might buy them?
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 21:29 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 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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