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Interesting article about ElectroglaZ - the conclusion reads rather nicely:
Https://www.techradar.com/news/this-amazing-speaker-design-uses-glass-instead-of-wires
Conclusion:
"Analysis: Concept sound system has us peering through the looking glass of what may be possible
While the ElectroglaZ may not look like the prettiest of hi-fi systems that we’ve seen, its ground-breaking tech and the future it points to definitely has us excited.
Zytronic says it's already incorporated the transparent power conduction system into a series of other concept devices including a glass coffee table capable of juicing up mobile phones and tablets via inbuilt induction charging, and a transparent ‘huddle’ meeting room panel with video camera and LCD display powered through the glass.
There’s clearly plenty of aesthetic benefits to be had from the tech that were previously unachievable – we’re throwing out the idea of an all-glass soundbar as a living room centerpiece – but there’s also important practical benefits that could stem from this breakthrough.
With the system seemingly able to work through very thin glass, Zytronic and Pilkington’s tech could make a world of difference to smart eyewear and VR glasses, potentially allowing for HUD-style displays to be powered more easily and discreetly."
And another article about the raliway station contract roll-out:
Https://www.avinteractive.com/markets/transport/zytronic-touchscreens-fitted-to-uk-train-ticket-machines-20-12-2022/
It is so cheap @rpmcc that even returning to pre-COVID levels, without much growth, is enough for great outperformance.
I prefer to focus on return to normal, and stabilization, and then any growth is welcome. I don't overpay to stress much about growth.
https://www.youtube.com/watch?v=Pb6lafdbpT8&t=1019s
Alex, did a great job presenting!
Welcome Qd22 :o))
Intriguing news flow from ZYT at present - yesterday saw another two news stories which show the potential and imagination in ZYT's products.
This one's about ElectroglaZ, developed with Pilkington::
Https://www.whathifi.com/news/check-out-this-crazy-glass-powered-wireless-speaker-system
And here's ZYT exhibiting ElectroglaZ plus multi touch round tables:
Https://technewsinsight.com/ise-2023-zytronic-shows-whats-possible-with-touch/
Just bought in small. It was this or top up KAPE - and there seem to be some questions re clear reporting at the latter.
Ask was 145p. Limited my order - which the broker questioned - to 143.5p, and it went through 1p lower at 142.5p. Not sure what to make of that.
Https://www.kioskmarketplace.com/news/uk-railway-introduces-ticket-vending-machines-featuring-interactive-touchscreens/
"UK railway introduces ticket vending machines featuring interactive touchscreens
Dec. 13, 2022
The Govia Thameslink Railway in the U.K. is rolling out ticket vending machines with interactive touchscreens to network stations following a trial at Gatwick Airport, according to a press release.
The machines support The Williams-Schapps Plan for Rail strategy to improve the ticket purchasing experience for rail users. The machine's surface is made from a single piece of elongated glass measuring 80 inches diagonally, which protects the two screen displays. The top screen is for travel information and other targeted content, while the bottom is touch active for selecting and buying tickets.
The railway chose Zytronic and its U.K. partner, Display Technology, because of Zytronic PLC's ability to customize the projected capacitive touch sensors to meet the client's requirements and specification.
The machine surface is made from 6mm-thick, thermally-toughened glass, which is custom-machined and printed at Zytronic's manufacturing facility in the U.K. The lower screen, which is touch interactive, utilizes Zytronic's ZyBrid touch technology and patented ZXY500 multi-touch controller."
Solid NAV underpinning recovery cycle here. Share buybacks have reduced shares in issue and business is getting back on track. Short horizon here means EPS can jump dramatically on contracts secured due to nature of business. Freehold was last valued ages ago and must be well overdue for asset revaluation. Solid with scope to surprise given decent finals and a 2.2p final dividend. Worth a lot more than current price on fundamentals and services to gaming and EV industries.
Lack of growth is the issue I think. They’ve done a great job in managing through covid, but investors will remain on the sidelines until sales grow.
I’m invested but honestly, not overly confident for tuesday. Hopefully will be an upside surprise. Suspect sales will be a bit flat but with more confidence for 2023. This time next year Rodney!
This Tuesday, the company releases half-year results, and on Monday some value investor discuss Zytronic.
https://www.meetup.com/london-investing/events/290178705/
The company is cash rich, with a history of high margins, I can't believe how low the valuation is, and also how few people are interested in the stock.
Today at 7pm some value investors we are meeting in London.
Alex, part of the group, will extensively present Zytronic, and has prepared a report that you can find on the page of the meetup: https://www.meetup.com/quality-value-investing/events/288934590/
We will also discuss Quiz and I will share the experience of attending its AGM. You are all welcome to come. Please RVSP.
P.S. Zytronic is my largest position
With the massive spread it’s not worth selling to buy back later, but agree, this should eventually pick up…the wait continues!!
Dwongrades due to the supply chain difficulties etc we all know about.
With that £6m cash pile against the now £13m m/cap, plus a likely reported £0.5m or so PBT, plus the property in the books at 2006 land values, I can't see too much downside from here given the 145p per share NTAV (net tangible asset value), but can see drift for some time to come. I'm therefore unlikely to be adding to my small holding here for a while, but consider that once supply challenges ease there's still a good company here waiting to get out....
i.i.i (or at least as nominees for their customers?) have been buying and are now above 4% with 415,000 shares:
Https://uk.advfn.com/stock-market/london/zytronic-ZYT/share-news/Zytronic-PLC-Holdings-in-Company/88759726
I assume Jac Walter is simply the name of the guy submitting the notification, though it's not entirely clear!
Having learned a salutatory lesson of management incompetence with Unbound UBG, I realise that ZYT will be the far better recipient of funds. Thankfully, I was very reserved in my exposure there and can now plump my 'on hold balance and proceeds from the sale (sold at a loss) here. With NAV greater than MCap, cash and having bought back it's own shares I'm much happier here. We all make a sh*t decision on occasions but hopefully gains cover the duds.
With the cash pile still quite high and the price drifting lower, why not buy back another 10% of the shares? I suspect they’re considering it..
Looking good and no negatives i can see in the background. Would increase my holding if i was not "broke" just now !
Singer has issued a new a note- they reiterate their target price of 250p.
They also note that H2 sales are usually higher than H1.
I thought this was a pretty good performance in the Covid-affected H1.
Against a £12.5m EV ZYT look on track to produce say £1.8m-£2m EBITDA and £1m PBT for the year assuming the positive outlook prevails and H2 improves over that pandemic affected H1. Very good value at these levels imo if so.
Singer go for £2.1m EBITDA and £1m PBT this year per their note. With a £7.3m cash pile at the year end assuming the share buybacks continue.
Was hoping for better. The wait continues.. share buy back might help hold price up.
A poster elsewhere has posted that "results will be coming out on May 17th and that the 'delay' versus established schedule has been caused by a trade exhibition being put back this year, meaning that management time had to be dedicated to operational needs, rather than corporate ones."
Another 50,000 shares were bought back yesterday - that's almost 1m shares bought back now, or nearly 9% of the shares in issue before the buyback programme commenced.
One can only presume that the results next Tuesday will back up the confidence shown in all of this :o))
I have held this for 2 months and am up 8%, I feel that has been quite rewarding already. Looking forward to the results, it wont take much to lift the share price further hopefully.
Hoping this will finally reward the patience!
30000 @ 173p - 06/05/2022
Another 20k bought back at 172p.
ZYT have now bought back and cancelled around 830,000 shares in spending roughly £1.3m - that's over 7% of the total shares in issue. Must admit I never thought they'd be able to buy back so many.
Maybe the buyback is a small step in that direction, but what would be the point in sinking 20M to take the company private? They don't have 20M spare cash, so would still require some leverage. Better to keep in the market, have various holders, and a route to raise cash if ever needed. Perhaps a better scenario would be for a company with 20M to make a 'bolt on' acquisition of Zytronic.
I like this company either way, and would be sorry to lose the chance to invest in it.
What is the reason for ZYT to be a public company. Small turnover, small market cap. Directors should take it private IMHO.
Don’t see no movement in share price until some good results