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ZYT Zytronic continues its upward surge.... http://content.screencast.com/users/mickkipper/folders/Default/media/f9a8a8be-a10f-4963-b0ca-9788d904dac8/zyt%204.jpg
Thanks for the explanation about corporate rating,very helpful. Dave
Basically David , its an independant view on whether a business can meet its obligations as and when they become due. ( ie ) debt repayment, dividends, wages, infrastructure costs, stock etc, etc. A rating on how healthy the business is
Mr Kipper, you could at least credit me with the original post about broker forecasts on ADVFN since you've copied it word for word :o))
Excuse my ignorance, but can anyone tell me what corporate rating means. Thanks, Dave.
<b>Zytronic PLC Earns corporate Rating from N+1 Singer (ZYT) October 15th, 2015</b> Zytronic PLC (LON:ZYT)‘s stock had its “corporate” rating reiterated by N+1 Singer in a report released on Thursday, Market Beat reports. Shares of Zytronic PLC (LON:ZYT) opened at 339.500 on Thursday. The firm has a 50-day moving average of GBX 303.80 and a 200 day moving average of GBX 294.76. Zytronic PLC has a 12 month low of GBX 228.00 and a 12 month high of GBX 345.00. The company’s market capitalization is GBX 51.67 million. Zytronic plc, based in the United Kingdom, is a developer and manufacturer of a range of touch sensor products. Its products incorporate an embedded array of metallic micro-sensing electrodes. It offers Projected Capacitive Technologies (LON:ZYT) and Mutual Projected Capacitive (MPCT) technologies. It is also engaged in development and manufacture of customized optical filters to enhance electronic display performance, and production of specialized and transparent laminates. The Company’s products are used for application uses in information and financial kiosks, digital signage, ticketing, gaming and vending machines, as well as telematics and medical devices. Its subsidiaries include Zytronic Displays Limited, Intasolve Limited and Zytronic Glass Products Limited. Zytronic Displays Limited is engaged in the manufacturing of transparent composites, including touch sensors.
The new broker forecasts are: 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Arden Partners 15-10-15 BUY 4.02 21.68 11.00 4.80 25.89 12.00 N+1 Singer 15-10-15 CORP 4.30 23.00 11.00 4.50 24.10 12.10 At 352p ZYT are now on a current year P/E of around 14. The 3.4% divi yield is pretty decent too. If you strip out the likely £9m cash pile - against a £54m m/cap - then (without doing the calculation precisely) the ex-cash P/E probably drops to only around 11 or 12.
Http://iprnewswire.com/n1-singer-raises-zytronics-2015-profit-estimate-market-talk/ "0917 GMT N+1 Singer lifts its Zytronic fiscal 2015 pretax profit estimate to GBP4.3M from GBP3.9M after the touch sensor products maker said profit for the year ended Sept. 30 will be materially ahead of market expectations. N+1 Singer is Zytronic’s broker and doesn’t have a recommendation or target price on the stock. Shares +11% at 336.5p. (jana.simmons@wsj.com) "
ZYT Zytronic.... LOOKING FORWARD....... http://content.screencast.com/users/mickkipper/folders/Default/media/28ac4e95-ebc9-480d-8567-873a669817a6/zyt%203..jpg
News & tips: Burberry, WH Smith, Zytronic & more Today's market overview Equities have started the day with a bounce as the chances of a US rate rise this year recede on weak economic data. See what The Trader Nicole Elliot thinks of the markets. IC TIP UPDATES: Arbuthnot Banking Group (ARBB) has enjoyed another strong trading period in the three months to September, during which assets rose through the £2bn barrier for the first time. In retail banking, the group’s significant holding in Secure Trust Bank (STB) has proved its worth with demand for both consumer products and small and medium enterprise lending proving strong, pushing lending balances through the £900m mark. In private banking, Arbuthnot has added more than 50 clients a week during the period. We maintain our buy rating (on ARBB shares). Touch screen technology specialist Zytronic (ZYT) has reported a continued improvement in revenues during the second half of its financial year which means that full year results will now exceed expectations. The shares were up 12 per cent in morning trading. Buy. http://www.investorschronicle.co.uk/2015/10/15/shares/news-and-analysis/news-tips-burberry-wh-smith-zytronic-more-o03EV631RfUCFYl4HpfejP/article.html
<b>Is Now The Perfect Time To Buy BT Group plc, Zytronic PLC And Shire PLC? By Peter Stephens - Thursday, 15 October, 2015 | More on: BT-ASHPZYT</b> Shares in touch screen manufacturer Zytronic (LSE: ZYT) are up by 11% today after the company released a very positive trading update. It shows that Zytronic has made excellent progress in the second half of the year, with sales rising by 13% in the final quarter of the year versus the fourth quarter of 2014. This increase in revenue, alongside further production efficiencies and capital investments, means that the company expects its full-year profit to be materially ahead of expectations. Prior to this statement, growth in earnings of 11% had been forecast for the full-year. So Zytronic appears to be making excellent progress as a business, with further growth of 19% being forecast for next year. As such, it trades on a price to earnings growth (PEG) ratio of just 0.6, which suggests that its shares remain a strong buy, even after today’s double-digit rise. And, with the company yielding a hugely impressive 3.2% from a dividend which is covered twice by profit, it’s a sound income play, too. http://www.fool.co.uk/investing/2015/10/15/is-now-the-perfect-time-to-buy-bt-group-plc-zytronic-plc-and-shire-plc/
INVESTOR'S CHAMPION BLOG Zytronic (AIM:ZYT) - this lovely little business confirms trading is materially ahead Posted 15/10/15 ​The manufacturer of touch sensor technology products based on award winning projected capacitive technology has issued a short yet highly positive trading update. As we have commented before this a cracking little business and worthy of greater attention. Pre-tax profit for the year ending 30 September 2015 is now expected to be materially ahead of market expectations, which were previously for pre-tax profit of £3.95m and eps of 21.24p. The second half of the year has showed an improvement in revenues over that reported for the first half where revenue also increased 13.6% to £10.0m. The improvement was particularly marked over the last quarter, resulting in a 13% increase in total revenues for the year above that reported for 2014. Revenues for 2014 were £18.89m so that lifts the 2015 full year number to approx. £21.3m and pre-tax profit to approx. £4.3m and eps probably close to 24p. However, that’s all history, the future looks bright. It’s not just the top line that is showing progress with the Group also benefitting from production efficiencies. At the current share price of 345p (up 14% today) the current year multiple of 14.3x falling to approx. 13x for 2016 (based on forecast eps of approx. 26p looks great value for a high growth business that is also blessed with year-end net cash of over £8m, equivalent to approx. 52p per share. The business has experienced a few slip ups in the past and sales visibility is limited, however, its excellent products appear to be attracting a growing number of applications (larger format interactive display, ATMs, table top games and displays). It looks terrific value and there is also a 3% dividend yield to encourage!
ZYT Zytronic Weekly chart shows not much further for SP to take out 3 year resistance. Presently +12% on the day. http://content.screencast.com/users/mickkipper/folders/Default/media/94754099-5628-4fd0-aa43-6839ddda8433/zyt%202.jpg
Alliance News <b>Zytronic To Beat Market Expectations Following Strong Second Half Thu, 15th Oct 2015 07:51</b> LONDON (Alliance News) - Touch sensors manufacturer Zytronic PLC on Thursday said it delivered a strong second half and said the improvement in revenue will mean its full-year results outpace market expectations. Zytronic said its total revenue for the year to the end of September was up 13%, with a strong performance in the second half and particularly in the fourth quarter. The improvement in revenue, plus production efficiencies and benefits from capital investments, will mean the group's pretax profit will be "materially ahead" of market expectations, it said. Zytronic will publish full-year results on December 8. By Sam Unsted; samunsted@alliancenews.com; @SamUAtAllianc
From timesonline/hemscott P/E of just 12.5 to 2016 way way too low, expect a major re-rating. Zytronic PLC FORECASTS 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Arden Partners 14-10-15 BUY 4.02 21.68 11.00 4.80 25.89 12.00 N+1 Singer 14-10-15 CORP 3.88 20.80 11.00 4.19 22.50 12.10 2015 2016 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 3.95 21.24 11.00 4.50 24.20 12.05 1 Month Change -0.00 0.00 0.00 0.00 0.00 0.00 3 Month Change -0.00 -0.00 0.00 -0.00 -0.00 0.00 GROWTH 2014 (A) 2015 (E) 2016 (E) Norm. EPS 49.35% 7.12% 13.91% DPS 6.36% 19.56% 9.54% INVESTMENT RATIOS 2014 (A) 2015 (E) 2016 (E) EBITDA £4.60m £5.04m £5.64m EBIT £3.31m £m £m Dividend Yield 3.03% 3.62% 3.97% Dividend Cover 2.16x 1.93x 2.01x PER 15.31x 14.29x 12.54x PEG 0.31f 2.01f 0.90f Net Asset Value PS 109.52p 128.70p 139.20p The figures above will be updated obviously, a tech company should be on a far higher P/E than the forward P/E of 12.5. Far more to come from this SP.
REG – Zytronic PLC – Trading Update 15-10-2015 07:00 For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20151015:nRSO3029Ca RNS Number : 3029C Zytronic PLC 15 October 2015 Zytronic plc (the "Company") Trading Update The Board is pleased to provide the following pre-close statement ahead of announcement of the Group's results for the year ended 30 September 2015, which is expected to take place on 8 December 2015. Further to the outlook statement made with the interim results on 19 May 2015, the second half showed an improvement in revenues over that reported for the first half. This was particularly marked over the last quarter, resulting in a 13% increase in total revenues for the year above that reported for 2014. The improvement in revenues, together with the continuing benefits of the production efficiencies and capital investments, as reported upon at the time of the interim results, have resulted in the Board expecting pre-tax profit for the full year to be materially ahead of market expectations. Further information will be provided in the full-year results announcement. Zytronic plc 0191 414 5511 Claire Smith / Mark Cambridge N+1 Singer (Nominated Adviser & Broker) 020 7496 3000 Aubrey Powell / Tom Smale Notes to Editors Zytronic is the developer and manufacturer of a unique range of internationally award-winning touch sensor products. These products employ an embedded sensing element and are based around either projected capacitive technology ("PCT") or mutual projected capacitive technology (MPCT) sensing. Both technologies were developed and designed to offer significant durability, environmental stability and optical enhancement benefits to system designers of touch interactive, industrial, self-service and public access equipment. Operating from three modern factories near Newcastle-upon-Tyne in the United Kingdom, Zytronic designs and assembles touch sensors using special glass and plastic materials, in environmentally controlled clean rooms. This information is provided by RNS The company news service from the London Stock Exchange © Thomson Reuters Limited. Click for restrictions
ZYT Zytronic Trading well ahead of Market Expectations........ http://www.investegate.co.uk/zytronic-plc--zyt-/rns/trading-update/201510150700203029C/ http://content.screencast.com/users/mickkipper/folders/Default/media/bbf0c0e4-11f2-461e-a582-02a0d3c9b6b6/zyt%201.jpg
Very promising remains a great long term hold for me hopefully an increase in the divi as well.
I personally don't think so as this share has been very resistant throughout this summer with the china slowdown worries. A trade update is overdue as well and I believe the share price hasn't moved much recently because investors are waiting for this, from which I expect good news and am hoping for it to breakout after. If you want to get in I would do so now although there are more attractive shares out there.
10 Sept last year..
......(and good pictures!): Http://www.zytronic.co.uk/news/media/curved-touch-screens-and-rugged-touch-tables-set-the-tone-at-g2e "Curved Touch Screens and Rugged Touch Tables Set the Tone at G2E Wednesday 23rd September 2015 01:11pm Leading developer and manufacturer of advanced Projected Capacitive Technology (PCT™) touch screen solutions, Zytronic, will be demonstrating its ultra-large format multi-touch products in the form of a 55” roulette table simulators and a custom 40” curved slot machine at G2E 2015 (Booth 4111). Commenting, Ian Crosby, Sales and Marketing Director at Zytronic, said, “Casino touch screens are increasingly moving to larger sizes and more sophisticated designs with special shapes, cut-outs, printed colours and even curved forms and added functions in order to attract passing players. Reliability is critical, as revenue generation relies upon a functioning touch screen. Zytronic’s award-winning PCT projected capacitive touch sensors meet all these requirements, offering almost limitless customisation, the latest multi-touch levels of performance, and rugged, dependable design, unaffected by spills, scratches and damage.” The large concave bezel-free 40” multi-touch screen featured at G2E is user customisable and capable of detecting up to 40 simultaneous touch points. The inward curve of the concave screens allows users to (almost literally) step inside their digital experience, providing a much more immersive playing experience. Zytronic have combined it with an integrated 19” “button deck” – all on the same curved glass surface. Also on the booth will be a Zytronic touch table based on its MPCT™ Multi-touch Projected Capacitive Sensing technology capable of supporting HD and UHD displays up to 85” with up to 100 simultaneous touch points. Zytronic sensors are especially well suited for touch tables; as they combine extreme resistance to severe impact, scratches, and liquid spillages, with immunity to accidental touch by a sleeve or glass, incorporating advanced palm rejection functionality that only reacts to a finger or conductive stylus".
Just to note that last year saw an "ahead of expectations" year end trading update on 10th September, against the 9th October update the prior year. So hopefully not long to go!
Nice bounce from 300p - and two pieces of news: Http://evertiq.com/design/36995 "09 June 2015 Zytronic expands presence in South America Zytronic, the specialist developer and manufacturer of projected capacitive touch sensors for advanced touchscreen applications, has expanded its sales presence in South America. The company has extended its distribution agreement with manufacturer’s representative Phoenix Rep to cover the whole of Central and South America with a special focus on Brazil. Phoenix Rep plans to establish an office in South America soon, to enhance its direct links with Brazil, and other countries in the region.Phoenix Rep, which is headquartered in Guadalajara, Mexico, represents electronic component manufacturers and provides design and technical support to domestic OEMs. Ian Crosby, Zytronic sales and marketing director, commented: “Phoenix has been extremely supportive of developers and system integrators working on a wide variety of projects that have benefited from Zytronic’s rugged, high performance touchscreens. We wanted to extend this offering to customers in South America and are confident that together we will enable a host of exciting new designs such as cutting edge touch tables.” And secondly, a new article about why this TMF writer would buy ZYT rather than MONI....a fairly uneven contest imo! And he doesn't even mention ZYT's cash pile.... Https://www.fool.co.uk/investing/2015/06/09/why-id-buy-zytronic-plc-but-would-sell-monitise-plc/ Extract: "Touch Screen This situation contrasts markedly with Zytronic (LSE: ZYT). It manufactures touch screens for allsorts of products; from drinks machines, to ATMs. As such, it is not, strictly speaking, a technology company at all. Therefore, its bottom line is much healthier and more consistent than you would expect, with Zytronic having been profitable in every one of the last five years, with growth averaging 15% per annum during the period. And, looking ahead, Zytronic is expected to be profitable in each of the next two years, with growth of 8% forecast in the current year, followed by a rise of 14% next year. Despite this, it trades on a price to earnings (P/E) ratio of just 14.1, which translates to a price to earnings growth (PEG) ratio of only 0.9. This indicates that its shares could continue the rise that has seen them soar by 33% since the start of 2014." "Zytronic’s track record of growth, its forecasts and its valuation all hold tremendous appeal. And, while it is not really a technology stock, it is benefitting from the increased use of a relatively new technology in terms of the wider usage of touch screens in everyday life. As a result, it seems to be a better way to access a growth space, while maintaining a sound investment case via its upbeat financials.""
Looking strong - hopefully good for a run up to 350p now.
menitoned in iii today looks good