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Pleased to say that is what I was trying to say very inarticulately on Thursday: the HPP section is 30% of the total, growing fast, and high margin. And not affected by the problems: so such a huge fall is an unwarranted. :)
To say I was astounded to read to days falls would be an understatement ! I m only in a position to top up £500. This is my second largest holding , so in in for a few years more now whether I had planned it or not. I hope its not an indicator of difficult economic conditions generally.
I was going to wait for a day or 2, I've jumped in before when these things happen and they fall further, but with someone - must be an institution - moving fast to buy £750k so quickly I think now's the time. I defer to their wisdom. They don't usually move so quickly I think? I don't think we've seen this level for over 2 years.
In the space of 3 minutes this morning 220,000 shares were bought. Gone blue since then. 36% fall seems excessive in the extreme. Topped up with my minuscule amount. From their RNS:
"We anticipate polyolefin foam sales are therefore likely to be around £6 million below current market estimates, resulting in Group sales for the second half of 2019 approximately £2m below the first half of the year. Anticipated profit for this period is impacted by our limited ability to change the operational gearing in the business in this timeframe.
Our High-Performance Products ("HPP") business unit is performing as expected with strong growth in T-FIT® insulation products and ZOTEK® technical foams mainly in aviation and footwear.
Notwithstanding the near-term headwinds in the polyolefin foams business, the Board remains confident in the growth strategy and capacity enhancement investments the Company is making and in the long-term prospects of the business."
BUT group revenue was 42.3m in H1 and HPP was rising fast at 30% of revenue: and it is doing well, apparently 4m up on H1 (since polyolefin will be 6m down but group sales only 2m down)...??
What a resilient share this is ?! During last months market correction ZTF never went much below say 515 . I expected it would so didn't top up. In the three quarter year report I was interested to read about the Polish factory. So with their manufacturing bases in China and the US, I think ZTF are well paced to deal with GBP swings. This is run by a very astute board.
Agreed it’s on the expensive side but the company is capacity constrained and investing heavily to scale up and increase output, so still worth paying up here although placing has in the ST been dilutive. Gervais Williams has stated he’d be devastated if this company was taken out at £15 a share which gives an indication of how highly he rates this! As for others you can see I hold FLO, PTSG, SCH and IOM. Most have been rangebound in share price but are exciting companies to be in. Premium member advantage is seeing Level 2 for live broker bid offer prices.
Dear Compadres...Thanks for posting these. I ve been with ZTF for 18 months now and like you have benefitted from a steady slope rise. It s one of the few shares that have made my portfolio into double digits. I last bought in January and now of course a bit weary to buy. I m tempted to at these dips say 530 but is it that p e just shortof 40 % that has stopped the gentle rise of 2017? Or are other factors affecting the whole market going to make these shares summer buys in the not too far future? I notice you are are Premium member.Is it worth ? What of your other holdings I see on your postings pie chart are you most excited about. I m looking for another Zoteform ...where it was inApril 2017 !! Cheers.... Ccc
They got the placing away with ease + for future growth and expansion, really looks a gem this one.
Zotefoams has experienced a good start in the first four months of the year. Group revenue was approximately 7 per cent. ahead of the comparative period in 2017. However, after adjusting for the adverse impact of currency this year and excluding the large non-recurring capital contract invoiced by MuCell in the first quarter of 2017, Group revenue was approximately 17 per cent. ahead of last year.
Underlying this strong performance were the following factors:
� a 7 per cent. increase in sales of polyolefin foams; additional capacity has become available for the polyolefin foams business part-way through the period as the US facility began high-pressure gassing operations in March;
� HPP foams experienced very strong growth, particularly from the PEBA product range, which accounted for approximately 50 per cent. of HPP revenue in the period; and
� MuCell, excluding the large non-recurring capital contract invoiced in the first quarter of 2017, delivered a strong percentage increase in revenue against a relatively weak comparative in 2017.
The Company's capital investment programmes are progressing on schedule: the US facility is now operating 24/7 and ramping up to full capacity; the investments to further extend high-pressure gassing in the US and to add high-temperature and low-pressure expansion in the UK remain on course for planned commissioning in 2019.
Zotefoams continues to expect 2018 to be another year of substantial progress for the Group and, with committed capacity investments to support growth, it remains confident about the long-term prospects of the business.