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I’ve been saying for at least 3 years this is going south-their market is evaporating
Saxman303, calling anyone who does not share your opinion a fool,says a great deal about you. Interesting woke values you have, only say good thinks never speak the truth unless it is good.. I hope your positive predictions for Z. prove correct but your rude woke opinions hardly suggest your are wise.
I hope this stock stays at these levels for some time it is on I will be loading up on for the long term chairman is optimistic about the future of the company more than the fools who post rubbish.They is a rule if you got nothing good to say say nothing
No need to wonder ,much longer. This company will soon crash and no longer be on the market. Nothing positive or even hopeful in this interim report.
You have to wonder why companies like this are still on the market.Cash is running out, sales going south on a product range/tech in rapid decline.
It’s a slow moving crash but the trajectory remains the same
Today's update suggests that recovery may be some way off but good to hear of the interest in the company's products and technologies at the Expos in the last 6 months.
Even with the dip in sp today, I'm not inclined yet to invest further in ZYT until the "green shoots" of recovery are visible.
The recent sp recovery albeit still "in the gutter" hopefully reflects someone with "inside knowledge" feels this compny will survive and maybe thrive again !
Wow:
Over the course of the year, as the Group foresaw a reduction in productive workload, it made the decision to reduce the operational working week and to enable the retention of key skilled operatives, ran its own in-house furlough scheme, paying up to 70% of normal basic pay for non-worked time for those operatives that were affected. However, as the year ran on it became apparent that a permanent reduction in direct labour numbers was required. In September 2023, the Group entered into a redundancy process and made 14 employees redundant prior to the year end, with ten of those leaving under voluntary acceptance. The cost of this exercise to the business was over £0.1m and is classified as exceptional due to it being an infrequent occurrence.
News of a customer going "bust" was announced 12 months ago, causing the sp to crash down to 80p. Is this another customer failing ? If not why the second sp collapse ? These feeble results were expected.
The RNS is very limp-no fight, fire-almost resignation of their plight.Poor effort in my view
The price will crash today
Terrible
Oof
Henry Spain continue to buy up ZYT's shares - they now own 6.15% with 625,092 shares.
They've more than doubled their stake in the last 6 weeks from 304,992 shares:
Https://uk.advfn.com/stock-market/london/zytronic-ZYT/share-news/Zytronic-PLC-Holdings-in-Company/91414895
Good to see Henry Spain taking a 3% stake here. They seem to be well-established long-term investors who hopefully see good value here:
https://uk.advfn.com/stock-market/london/zytronic-ZYT/share-news/Zytronic-PLC-Holdings-in-Company/91001575
Https://www.henryspain.co.uk/about-us/
Not sure i would describe the cash pile as "strong". Hope it is. For now the cash pile is the only reason Zytronic remain in business. Agree they are very accident prone.
Indeed. It's just as well that against the now £9.4m/cap there's a £5.4m cash pile and a further £3.85m of property which hasn't been revalued since 2012.
ZYT do seem prone to "accidents", and this time it's the Chapter 11 of Azure Gaming. It'll be interesting to see just how prudent ZYT has been in writing off the £0.5m and how much will be recoverable if any. Meanwhile it looks like this year to September will be one of battening down the hatches again in readiness for a better year to Sept'24.
Good job I've only got a starter position here. ZYT's hints of recovery were never quite strong enough to warrant adding further until the proof was in the pudding.
Oops....
Not long to wait. Not expecting fireworks but will be disappointed if they churn out the chip shortage excuse again.
Certainly looking stronger here recently - haven't seen any tips or mentions so presumably just underlying demand for the shares.
ZYT have won a trade show award:
Https://www.zytronic.co.uk/news/we-are-proud-to-announce-the-zytronic-multitouch-monitor-has-won-a-best-of-ise-2023-award/
"We are proud to announce the Zytronic Multitouch Monitor has won a Best of ISE 2023 Award.
We are proud to announce Zytronic has won the award for Most Creative Touch-Screen Control System Interface: Zytronic Multitouch Monitor as a part of the Best of ISE 2023 Awards.
Congratulations to our Research & Development team on coming up with yet another winning design to showcase our capabilities in touch technology.
If you’d like to see our winning concept in action, check out this video:"
Rising nicely after another rise yesterday - already up 10p today. Tipped somewhere, or maybe stakebuilding at the lows?
MarkAtkinson's podcast about ZYT and their recent AGM is well worth a listen. As well as the £6.8m cash pile, he's reminded me that there's a further £3.85m of property which hasn't been revalued since 2012!
Https://m.youtube.com/watch?v=YQy65sN4U_w
Questor in today's Telegraph says Hold - again, nicely summarised. When to top up is the quandary, especially given ZYT's illiquidity. By the time improved trading is announced (which I believe will happen at some point) it'll probably be too late, the question is how long/short the timeframe:
"Update: Zytronic
Smaller companies are often more exposed to cost and supply chain pressures, as they do not have the clout to stand up to larger suppliers, distributors and customers, and last week’s trading update from Zytronic makes it clear that the rugged screen maker is still having a tough time of it.
However, the company’s competitive position remains strong, since orders continue to come in, and a net cash pile of £6.8m provides ample support to the £13m market cap. We shall simply have to hunker down and wait.
It is so difficult for Zytronic to procure required parts that the Newcastle upon Tyne company is either paying premium prices or cannibalising finished, manufactured product so it can fulfil orders. Rising costs here and wage increases could impact earnings, especially in the second half of the current fiscal year from April to September.
It is therefore asking too much to expect earnings to rebound rapidly to past peaks of £4.6m from last year’s £611,000, but they do not have to do so for the shares to be cheap.
Average annual net income since 2000’s flotation is £1.6m so Zytronic trades on barely four times that, if you strip out the cash, while the stock also trades at a discount to net asset, or book, value. The cash and lowly price tag mean we can afford to await a positive catalyst.
Questor says: hold
Ticker: ZYT"
Does this need to be on AIM? Maybe they should take it private, I cant see why they need access to capital.
Agree, except the short term problems seem to be rather long term. prevents me seeing a 120p sp as a buying opportunity.
The order intake and supply chain problems are unchanged from the results outlook, whereas I'd hoped for signs of an upturn for this H1. At least the "opportunities pipeline" continues to improve, auguring well once these short-term difficulties are out of the way.
There's no point in selling at 120p imo, particularly taking a longer-term view of the prospects here. The £13.8m m/cap is backed by £6.8m net cash (which has risen nicely since the year end), a further £5.1m of PPE and an innovative business which with steadily improving markets (see Quixant) could see much improved trading with time - hopefully in this upcoming H2.