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This is where the new for new products will come from:
"NunoErin’s successful implementation of the Ucreate wall panel in Canopy’s sensory room serves as a showcase of its capabilities for similar rollouts in both healthcare and education applications. As a result, the company is currently in discussions with several hospitals, schools and other facilities for larger-scale deployments in the coming months."
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hTtps://www.digitalsignageconnection.com/zytronic-and-nunoerin-bring-interactive-creative-experiences-to-new-sensory-room
Expecting a decent improvement in business for H2 which will set the shares alight.
My prediction £4 - £5 in 6 months.
Interesting solid well established business with good cash position and many worldwide customers.
They have an excellent dividend policy and are paying a divi since 2001 !
We are now at all time low. Expecting a strong reversal from the results in December onwards.
technical reversal coming soon? lots of accumulation in recent weeks
Let's be frank, it's not a trade deal but it does pave the way for the UK to trade smoothly with South Korea if (That's a big if) we leave the EU. And for Zytronic this is very important – South Korea is its major export market. The outline free trade agreement signed a few days ago should ensure that Britain's trade with South Korea will go on largely as it does today.
In the preliminary results doc, issued in December, specific reference is made to this being settled.
What I find concerning is that the SP shown on Google consistently differs greatly from the actual share price.
For those who tend to look closely at the balance sheet, Zytronic's accounts are worth a mention. It has a current ratio of 9.58, an acid test ratio of 8.22. And it carries no long-term debt. Of course, it's not without risk and is highly dependent on a small number of customers in the gaming markets in the US and South Korea. But if we are entering a recession it appears to be in a stronger position than most.
It might also be worth noting that it's sitting on a cash pile of £14.6 million as at 30th September 2018. Over the period it paid £3.66 million in dividends. Unless there is a complete collapse in trading conditions, it appears able to maintain its dividend for the foreseeable future at least.
Binstead Designs Limited (“BDL”), is pursuing a High Court claim for patent infringement, breach of confidence and breach of contract, against North-East England headquartered Zytronic Displays Ltd (a wholly owned subsidiary of Zytronic plc).
Formerly a licensee of BDL, the current dispute concerns allegations that Zytronic Displays Ltd is using BDL’s proprietary know how in the course of its manufacturing activities. In doing so, BDL asserts that Zytronic Displays Ltd is infringing UK Patent 2541336, which teaches an innovative method for forming a touch sensor.
The trial of the proceedings, which were issued on 27 November2017, is listed to take place in October 2019.
So soon after the Ex div and Divi paid its on the up again. Really think this is a great little company in a niche market. My first ever purchase was at 1.76 . So its one I got right to make up for a few blunders !! LOL
Buy tip - https://www.telegraph.co.uk/investing/shares/questor-share-tip-buy-touchscreen-maker-zytronic/
Believing in the company long term.
Thanx for the link Ronin, more interesting views and reading and all pretty positive. Decided to let it ride in my ISA as mentioned previously its done very well for me over the last 4 or 5 tears ! Cheers
lummox, It has had a decent move the last few weeks. Looks like a well run company. You can see a summary of last few years financial statements here; https://thefundmanager.co.uk/uk-listed-stocks/zytronic-plc/
Well got really lucky with my timing 1 week ago !! I was looking at medium to long term fundamentals, certainly wasn't expecting a 12 % gain in a week. Is something afoot or just the ' overselling ' being reversed. Do I take a healthy 12% gain on my top up tranche or do I let it ride ? decisions, decisions !!
Hey lummox, Just seen your posts. I didn't realise that the dividend was that big and just went to the financial statements. They've just increased the interim dividend 100% to 7.6p and last years final dividend was 15.2p so if they dont increase this at all there is an annual dividend of 22.8p versus a share price of 411p = 5.5%. And they have a stated progressive dividend policy and a decent cash balance to protect the dividend. Just added to my holding.
IC's recent article flags up the possibility of companies " running the rule " over ZYT which with its cash pile and ' niche ' market status has always been a possibility. With the drop in share price back to 400p levels the dividend stands at around 5.6% . All in all I think this has been oversold on the recent 1st half profits so I'm sitting tight on my 406p top up and will look for decent rises when the dust has settled .
Hi Ronin, Welcome to ZYT !! I got in a few years ago and have been mainly in this stock ever since. Took some profits when it leapt up and then got back in at lower levels. To be honest its a stock that has never given me too many worries for the reasons I have stated. Sure there will be fluctuations but for an ISA or similar I honestly think its a great holding on a 3 to 5 year view. Modern product , plenty of innovation, sound balance sheet, growing dividend. One to tuck away and let it do what it does best .
Hi lummox, I've started a position today. It looks like an interesting company. I'd come to much the same conclusion. Profitable, clean balance sheet with a decent lump of cash, no debt, pays a dividend, reasonably cheap, seems to have had variable revenue growth recently but I'm seeing this as growing pains of a smaller company and an opportunity to get on board. Seems like a good little company. Lets see what happens.
A little down but they upped the interim dividend... but not as good as it looks because I think they are trying to balance the dividends to about the same level. Anyway I've decided to double my holding this morning and got 4.06 in an early trade. Still a well run company in a niche market with solid cash backing, good divi, fundamentals and management. Lets see where we go from here ! GLTA
All stocks fluctuate. This is a solid company. It helps to look at the bigger picture; the market is declining right now. FTSE 100 has fallen below 7k after reaching highs of 7.7k earlier this year. A lot of stocks and also cryptos have taken a battering. This not a bad price enter or to top up or drip feed into. I reckon this is one of those companies that can survive market downturns, but even so it is like any other company out there, its susceptible to market conditions. swing traders and short term traders pulling out, even pulling out of good quality companies. i will hang on for the dividends and also because Im not so good at short term trading but i know how to spot quality companies and hold them and watch them grow several multiples.
I'm not too worried because I initially got in at under �2.00 a couple of years ago and halved my holding at �5.80 before then getting out and getting back in ......................BUT what is going on, Nothing on the Company website and no info popping out anywhere, very strange. This share also has solid Institutional holders and support, so really intriguing to know whats going on. Time will tell but I think its a well run company with good management, solid niche products and a large relative cash pile might even go for a small ' ballsy ' top up, good luck to all
Agreed, no info I've found. Could sell at 5.22 the morning they went XD for about 20mins. Was tempted, now thinking i should have taken it.
Wild swings on this at present, got to about 530 a few weeks ago and now down to 420 ? any thoughts cant yet find any negative news
Well my LIMIT has been dealt and I'm back in at £4.73. Lets see where we go from here !!
Any thoughts