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
  -7.50 -4.29% 167.50 19,468 14:36:42
Bid Price Offer Price High Price Low Price Open Price
165.00 170.00 175.00 167.50 175.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 12.68 -0.42 -1.80 19
Last Trade Time Trade Type Trade Size Trade Price Currency
15:12:40 O 9,529 166.00 GBX

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Date Time Title Posts
09/6/202115:25Zytronic - The Long Story1,331
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 (ZYT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-14 14:35:22166.009,52915,818.14O
2021-06-14 14:12:41165.60501829.66O
2021-06-14 14:12:10170.00350595.00O
2021-06-14 13:37:42165.60131216.94O
2021-06-14 12:26:05177.003,8866,878.22O
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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 175p.
Zytronic Plc has a 4 week average price of 143.75p and a 12 week average price of 143.75p.
The 1 year high share price is 185p while the 1 year low share price is currently 95p.
There are currently 11,419,152 shares in issue and the average daily traded volume is 28,057 shares. The market capitalisation of Zytronic Plc is £19,127,079.60.
bones: What do we make of recent acquirers? Woodland Investments buying 4% at 170p and this person called JAC Walter picking up 3% at a similar price. Woodland Investments seem to do what it says on the tin, invest in woodlands. They have a big balance of millions under “investments” but the assumption is that would be land. Maybe they have a sideline in shares but it strikes me as out of left field. Can’t find anything on the Walter person. Time will tell if they are speculative potshots but it could just be that ZYT is recognised as an outstanding recovery prospect! With a huge slug of shares also having been bought back by the company, there must be a shortage of tired ZYT investors left. Any very positive development could have a few scrambling back into play.
bones: I agree on the NXT comparison (that was NXT plc, ticker NTX, rather than Next!). I recall it well as made a packet on that share when it went from £5 to £22 in about a month in 1999 (I used a stop loss in that case around £18 as the valuation was hyped and stupid which was a good thing as it bombed when the bubble popped). I get the impression ZYT have a far more level-headed idea of the possibilities of its concept as I am unsure if NXT even knew what to do with their talking bus shelters and pictures on the wall. Essentially, ElectroglaZ uses its glass surfaces as a conductor of low volt electricity in place of wiring, which is pretty neat when it comes to all over transparency. It’s really all about aesthetics and appearance for presentations, be they displays, promotions or functions seemingly sitting in the middle of thin air. When I corresponded with the CEO recently about it, he said they had only just started demo’ing the products in test situations with selected clients and targets and that it is “too early to tell” the impact. However, it does seem that they have designs on creating a product for sale themselves as well as their usual MO of supplying component parts to other manufacturers. He also said it is typical for Zytronic developments to take two years to reach commercial maturation. For me, there is enough to be pleased with and, as others on here said recently, it is good to see that they have continued to develop their IP even as their world was falling around their ears. In the meantime, I read the smoke signals from the recent update as encouraging concerning casinos and financial, traditionally strong markets for them. With Asia and the US reopening for big nights out by desperate punters, I am sure casinos will be upgrading their attractions. I expect to hear of a strong recovery in profitability over the next few months especially with Zytronic having cut costs severely last year. They also still have £3.5M (at today’s share price) of surplus cash to weigh up.
bones: Cerrito, thanks for the observations. I guess my thoughts are: - when is a Zytronics release not terse? :) They are never more than to the point but it is usually the final results where a lot more is discussed. Probably worth reading the actual financial statements from them in Companies House for info. - However, Mark Cambridge is happy to correspond if you have queries about any release they make. There’s a message facility in the investor section of their website to kick it off. - I agree that they are not especially communicative outside of this. A lot of these video presentations (investormeet etc) can be promotional in nature rather than useful. I always find the Q&A sections by far the most useful as sometimes you can pick up on the body language surrounding answers. That said, I like investments where you need to work a bit to find what you want rather than hear a message that many others are hearing. I can sometimes get ahead of the game if it’s my own research in small companies. - Zytronic is up my street almost because it seems to underwhelm a lot of investors. For me, I see a recovery story that is just not appreciated. The more that are looking the other way, the better, as far as I am concerned as that suggests the share is probably undervalued if my thesis is correct. - I expect the recovery over the next year to be decent and I don’t think anyone appreciates the potential of their new products that are only just out of development (eg, ElectroglaZ, Zybrid Hover and Zybrid Touch). These won’t affect this year’s numbers but there could be more to report about their progress at the finals in a few months. - They are busy on Twitter promoting the new stuff. Most of the potential is not in the price, IMO. The interims are history but they signalled a good recovery in some of their markets and their costs were butchered during Covid so the operational gearing could be significant. Perhaps it won’t all pan out as I hope but, the price isn’t reflecting that expectation and some dudes have bought 7% of the company recently above today’s price which I find encouraging. I ask myself if those guys relied on an ADVFN BB for their data before investing or did they do more research? I don’t know of course but I would hazard a guess they did some. As it stands, I also think Zytronic is a sitting duck for a takeover for their IP. They are defenceless with only a small shareholding in management hands and the two institutions having sold out in the tender offer. How often do bored institutions sell at the bottom? More often than you think. Their products are used in a lot of high tech display equipment worldwide and if Zytronic management cannot make it work, I’m sure a bigger organisation can. All just my opinion and how I justify my own investment!
dangersimpson2: What I think they should do and what I think they will do are two separate things! Management could instruct their brokers with a standing authority but they face the MAR rules on volumes, having to RNS each buy etc. Their mindset is: what generates the highest long-term returns to shareholders; which means being able to buy back reasonable volume, not supporting a short-term price. This doesn't mean I don't think ZYT is cheap at the current prices, just that investors should be wary about thinking that there is no downside below a certain level. There certainly is share price volatility risk even if the chances that the long-term value of the business is worth less than 145p seems small.
bones: So, it wasn’t Woodland Investment adding after their 4% but a private investor called JAC Walter who now has 3%.
bones: Interim results to be published next Tuesday 11th May. Should give some clues to current trading and prospects for recovery of traditional markets like casinos and exhibitions.
velocytongo: We should all hope the share price continues to fall into a buy back (btw they can't pay more than 5% of the av of the 5 preceeding days according the AGM resolution). The more ZYT buys the greater boost to future EPS. For example, 22p EPS in 2017 becomes 33p if the denominator (no. of shares) is reduced 30%. Applying a multiple of 15 that gets you to a share price of 450p - considerably higher than todays s/p. Character and Colefax are highly cash generative businesses that have repeatedly bought back shares of the years, which has significantly boosted the value.
bones: On 8th December 2020, Zytronic said: "The Board considers that a large proportion of these cash balances are surplus to current requirements, and it may be appropriate to distribute this surplus cash by a share buy back, and will seek shareholder approval for the requisite authorities at the next general meeting." What do they mean by "large proportion"? The majority of the £14M or a large minority of it? On balance, it sounds like over £7 Million. That's over 5 Million shares at current prices, for a share that barely trades 1,000 without moving one of the market makers' quote. They also just released a random "trading update" that was both vague and seemed to just repeat what was said in December. The cynic in me would argue that they wanted to damp down the share price quote ahead of the AGM on 25th February because it was starting to forge upwards. So, what will be the floor price for these buy backs? The cash currently accounts for about 75% of the market cap so it cannot be much lower. Then, who will sell to Zytronic when no credit is being given for its ongoing business, even if the current outlook is depressed (but no longer declining apparently)? Something does not square here so what gets said at the AGM will be interesting. Perhaps the management will give us some clearer guidance on intentions at that time. It does bug me a little that the management have each got less than 1% of the shares. That's a bit of flakey "skin in the game"! I remain long for the recovery prospects.
bones: Kiwihope, agree that there can be no certainty (if there was, the share price would reflect that). However, they own some tremendous IP and some of their technology is leading edge. I think there is too much focus on their old image of clunky ATM machine screen suppliers and not enough on their hover touch and sliding screen tech. An enterprise value of just £6M tells me that. They talked of returning surplus cash and the current share price suggests they should get on with it while its cheap for them to do so. That should help galvanise investors’ minds a little.
jamessmith23: Questioning the reason for changes in revenues, profits, share prices, etc is what a good investor does. Blindly accepting that management are the best and shouldn't be questioned isnt going to result in very good investment results because there are a lot of poor managers/directors out there so you do need to do your due dillegence. The share price is 75% down from its peak, they may have generated decent EPS but actual returns for most shareholders hasn't been great as this is the lowest the share price has been in 10 years. These boards exist for people to learn more, discuss and ask questions, if you don't want to do any of those things then why post at all? I appreciate hearing people's views and asking questions, it's how you create a balance argument which results in your choosing whether or not to invest in a business.
Zytronic share price data is direct from the London Stock Exchange
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