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Yep looks good only worry is someone offloading large chunks so holding off buying looking for a cheaper entry,don't want to miss rise so watching closely. Either way you should see good gains from your entry price.
Just bought in, looks too cheap on a (f) P/E of 11.7 at this price, with a 4.4% yield and great prospects!
you are sure its going up yet only going to buy when it goes down. Good one!!
"Rugged display Forecasts look too cautious as Zytronic eyes new products drive We remain fans of rugged touchscreens manufacturer Zytronic (ZYT:AIM), its management and underlying robust financial strength. The Newcastle-based rugged displays manufacturer has built its reputation on outdoor applications, ATM screens in particular. But the £45 million cap is increasingly tapping new markets, such as vending machines, gaming terminals and even medical appliances, where touch-screen controls get bashed about, so kit needs to be robust. It supplies the displays for London’s ‘Boris Bikes’ terminals, for example. Full-year results to September 2014 were impressive, beating market expectations as revenues rose from £17.3 million to £18.9 million, while pre-tax profit jumped 38% to £3.3 million. Dig beneath these headline figures and there is scope for profit growth to continue outstripping sales. For example, touch revenue increased by 18% from £12.6 million to £14.9 million, and unit volumes rose from 125,500 to 139,100, underpinning an impressive hike in gross margins from 30.8% to 36.6%. Consistent investment in research and development continues to bolster the product range, with curved touch-screens among its leading projects, plus larger form factor displays that are increasingly popular among manufacturers. For example, 30-inch screen sales jumped from circa 2,300 in the year to September 2013 to 6,300 last year, and this a typical niche segment where Zytronic has built and is maintaining a technological edge, and offering scope to bolster gross margins still further. Zytronic’s balance sheet and cash generation remain terrific, with current assets five-times the size of current liabilities, while the business threw-off £4.2 million of net cash last year, versus £3.3 million a year earlier. Net cash stood at £7.8 million, worth 51p per share, providing a neat share price valuation cushion. PROVEN TOP TEAM Zytronic remains relatively small and relies on a limited number of customers. This makes it susceptible to gaps in the order book, as happened in May 2013. That threat remains to an extent, while end market visibility is not great. Yet management deserve credit for not panicking back then, instead buckling down to the job at hand. Investors are entitled to feel a level of security in the hands of CEO Mark Cambridge and finance director Claire Smith. The figures, plus optimism that robust latter year trading is flowing into the current financial year, prompted house broker N+1 Singer to up its 2015 forecasts. The analysts now anticipate £3.6 million of pre-tax profit on £19.7 million sales..... ....Strip out net cash from calculations and assume a 15-times price to earnings (PE) multiple by year end in September, and you’re looking at a share price of close to 420p, or 40% up from here. Given that the stock has previously hit
By Malcolm Stacey: Http://www.shareprophets.com/views/9737/malcolm-stacey-s-tip-of-the-year-number-2-buy-zytronic-at-302p I also note that 30/9/16 forecasts from Arden are now 26.07p EPS - with a 12p dividend. So still pretty cheap imho on a forward basis.
Coo..........Truegent missing that 196p for the sake of a penny must be starting to hurt a little now !! Lummox
Ahead of forecasts and the outlook remains favourable excellent results IMO.
That August sell off to around the £2 level, looks along way away now. Recent strength despite the overall market sell off looks very positive for ZYTRONIC could well be approaching a new high !
Yep, this share is looking good for both growth and income ! A heady mix in these difficult ( to find a bargain ) times !
ZYT must be on for 18p-19p EPS for the year finishing this month - and they should have at least £6m-£7m cash, which is not far off 20% of the £37m m/cap. You can certainly see 300p-350p coming soon given say 22p forecast EPS for the year about to start.
Trading update, good news on margins, and weakening sterling should also help going forward an increased dividend would be the icing on the cake.
Ouch ! unlucky !! so near yet so far
had an auto buy at 196p....lowest it got was 197 !! a bit gutted but i wanted at the very least a 5% div yield.
Strange movement today ? Initially went 1.5 % down, Then got back to level and then suddenly jumped as much as 4.5 % ahead ? Anybody know why. Has been on the drift lately but seemed to be slowly , slowly climbing and then today the BIG YOYO ?
H2 news will be positive !
ive been watching zytronic for ages now, back when they were 170p ish...should have bought in when i had the chance... still waiting for a sp of under 200p to get on board...will it happen ??
On historic valuation (using 2013 figures) this looks expensive. However if 2014 H2 is as good as H1 then this is looking cheap. Providing H1's success can be replicated across the year the forward P/E ratio would fall to just 11.5 and the EV/EBIT ratio would fall to 9.1 (33 / 3.63). Both of these ratios are cheap but not mad cheap on the face of it but, when you factor in the high earnings growth, ZYT is looking very cheap. If you believe H2 will be as good as H1 then this is well worth buying into. It all depends on that tbh and, at this moment, I can't say whether H2 will be as good prior to doing more research
Probably nothing more than funds doing end of yr window dressing and PI's selling to for tax reasons which creates opportunities for a cheap top up I shall buy again to morris. GLA
Mexican jumping Bean old ZYT. Regular dividend, modern business. Surprising really. I'm not worried.
Know idea last trading update "current trading is considerably ahead of comparable period" in view of that I have just increased my holding can't resist a bargain.
Why the continual slide in SP? Also why so many people selling, I can't find any news to support this?
Because of the market shake out, BUT Zytronic has held strongly and not subsided by as much as the market, very positive when things settle down. £ month target £2.86
Why so many sells recently? I don't see any fundamental change in the company?
US based Stockopedia are saying goods things about Zytronic, link below. The board is pleased to announce that current trading is considerably ahead of the comparable period and revenues and margins, led by an improving trend in touch sensor orders and sales, are at levels similar to the performance of the second half of last year, which is in line with management expectations. - See more at: http://www.stockopedia.com/content/small-cap-value-report-27-feb-2014-zyt-dgb-cost-81648/#sthash.xrv5DpGR.dpuf
Excellent progress should lead to improved profits going forward and an increasing dividend for this small cash rich high tech company.