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We’ve been stuck in 160-180 range for a while now. Update due September. Mixed feelings about how good it’s likely to be, but this share has huge upside potential and at current price, with their cash reserves and only 11 million shares I still think risk is well worth taking at these levels. Likely to drift for a while yet though.
Heading for 145p !!!
Unusual to see a share price stuck solid at one level for 5 weeks (whilst not suspended!). Study the trades and it can be seen that over 400,000 shares (nearly 4% of co) have been acquired at 170p since mid-March as each purchase tends to be delay declared a day after a similar number of small sales in the 166-168 range. MM (looks like N+1 Singer) is holding the bid firm at 165p and hoovering up stock to pass on at 170p.
We know the company fell 2.2M shares short of buying back its target number at the recent tender offer of 145p and gave its broker free rein to buy in the market place. What I don’t know are the exact rules on disclosing such purchases. Are they allowed to keep doing it until they have finished their programme of buying before telling the market? That certainly seems unacceptable from a transparency viewpoint but we know how “flexible” these rules can be on AIM.
The other possibility is a position builder, be it a big investor or even a potential predator. However, they should be declaring soon. I think some overseas funds don’t have to declare until 5% whereas for most ordinary mortals it is 3%.
I will sit back and keep my holding in ZYT intact. Will be fascinating to see this play out but I see no point selling any of mine if there is a big buyer in the market. In any event, I am holding for recovery of its markets that were decimated in the Covid lockdowns in 2020.
Holding at a big loss, but rejected 145 offer. Seems keeping faith was correct. only way is up, now !
The post by Dad was the day before the buyback announcement!
The bid has crept above £1.45 today so now wouldn't make sense to accept the buyback offer if it remains at the current price. I wonder why they just didn't just propose a special dividend.
Why would it fall...they are doing a buy back at 145 - that is therefore the minimum value. If it falls below that buy buy buy!!
Was quite worried after the update but the share price is holding up pretty well
hopefully bodes well for the future!
3M, a major competitor of Zytronic , has announced it is quitting the touchscreen market.
https://www.sixteen-nine.net/2020/07/30/3m-end-of-lifes-its-touch-systems-business/
This must be a boost for Zytronic.
Although there may be fears about touching public touchscreens due to Covid19 , this problem can easily be eliminated with anti-viral and
anti-bacterial coatings, many of which already exist and more are actively being developed.
https://www.businesswire.com/news/home/20200507005532/en/Antimicrobial-Coatings-Rising-Demand-due-COVID-19--
https://kastus.com/touchscreenprotectors/
https://www.selenbiochemical.com/.
https://www.glassonweb.com/news/anti-covid-glass-soon-market
Due to the sensing element being protected behind thick glass, Zytronic touchscreens can be washed down with disinfectant, operated with gloves or be
set to "proximity sensing" meaning that the surface does not even need to be touched by hand. Anti-viral and anti-bacterial coatings can be added during manufacture or retro-fitted.
Touchscreen operation outdoors may also result in bacteria and viruses being killed by sunlight .
https://www.coronavirustoday.com/natural-sunlight-rapidly-inactivates-sars-cov-2-coronavirus-surfaces
Zytronic has exclusive use of a unique patented manufacturing technology which is much simpler, more flexible and diverse in its potential
applications than its competitors, enabling it to rapidly exploit new markets or, if necessary, diversify into new "non-glass" fields such as touch
sensitive work surfaces, fabrics, or robotic sensors.
https://worldwide.espacenet.com/patent/search/family/051168295/publication/WO2015185879A1?q=pn%3DWO2015185879A1
Zytronic has plenty of funds to invest in R&D, and there are already several patented improvements to this technology which, although not currently
being exploited by the company, could further improve its competitive edge . e.g.
https://worldwide.espacenet.com/patent/search/family/054064687/publication/US10534487B2?q=pn%3DUS10534487B2
When it comes to alternatives to touchscreen technology, there do not seem to be any that fulfil all the same functions. Facial recognition may be
able to identify the user but it is no use when selecting items from a complex list.
IMO there is a bright future for Anti-viral touchscreens and other spin-off touch sensing technologies, and Zytronic is in a great position to exploit it.
Yes. Seller has gone. And I suspect it was Brown Shipley & Co as you suggest. Huge chunks were being sold which brought the price down to below £1. I grabbed some more while it was on offer. My best price though was 89p a few months ago. Scooped some for 97p this time round.
Price seems to be holding now at this level. Once things start to return to some kind of normal this share will drift back up to £2 and beyond. A large cash pile as you say and plenty of opportunities for the company going forward and in a growing market. Touch screen tech is only set to quadruple in the next ten years or so, so plenty of business out there.
I've bought quite a lot, so I'm just going to sit back and enjoy the ride up to £10+. I'm in for the long term.
Bought in just under a quid a couple of days ago. Looks like Brown Shipley & Co may have sold up completely now.
Business has been hard hit but even so this looks good value with such a large cash pile. Could see 150+ short term in my opinion with any positive trading updates in future making it worth 200p+ I reckon.
Happy to see the market makers take 111p from sellers and the price staying stable. Not sure why people are panic selling at that price but it takes two to make a market I suppose.
Still holding Nomad? I am still waiting for the others i've got to shift to a reasonable level. Afterwards. Back in here assuming the Dividend is maintained.
That's okay by me. All the more for my portfolio. I'm buying shed loads of this share while it's at this bargain basement price. Undervalued by some margin.
Out for now. Bid dropped below a level I was happy to leave it at. Board have suggested a positive second half of the year so will be back for then. Onto other things.
Obviously a poor short term outlook as expected and now confirmed by the board but now reason for this not to be rising towards the second quarter of 2020. Dividend play will cause a rise in the short term. Will be adding here.
I think what we are seeing here is a small impact. Those who dont want to hold are selling. Those who are wanting safer investment are looking at gold.
A buying opportunity now? Looks like it. 10% drop in SP... tempting...
Collected the dividend and now leave it to make some more money. Happy shareholder here.
Am I right in saying the 9th is dividend day and we've quite nicely risen. Happy days to all those who bought in under 200p...onwards and upwards.
this really sums it up for me nice squadraazzura
I very much doubt this will move much over Christmas followed by a nice flurry in the new year before the dividend. Should be encouraging.
The shares can easily recover to £4 - £5 within a year while Zytronic yield is excellent. So it is really worth holding for a medium to long term while getting a good dividend income. The final dividend of 15.2p will be paid on 7th of February 2020. " Dividend - The Directors have recommended a final dividend of 15.2p, which, together with the interim dividend of 7.6p paid in July 2019, will result in a total dividend of 22.8p (2018: 22.8p)." "the dividend will be paid on Friday 7 February 2020 to shareholders on the register as at the close of business on Friday 10 January 2020."
Nice little tick up with the bid. Happy to see my buy price of 196 getting closer.
Obviously holding this until £4-5 region and maybe beyond considering the dividend.
I think the SP will improve tomorrow after the meeting with investors:
"The Company will be available to meet with private investors on Wednesday 11 December from 1.00 p.m. to 2.00 p.m. at the London offices of N+1 Singer, 1 Bartholomew Lane, London, EC2N 2AX."
To arrange a meeting, please email investor.relations@n1singer.com by 5.00 p.m. on 9 December 2019.
There is some progress and improvements flagged up too and they maintained the dividend which is a very good sign of confidence in their cash position and management:
Two good statements to take into account that business is stabilising and not deteriorating:
"There was improvement in trading in the second half of the year with profits improving by 21% on revenues 12% ahead of the first half." and
"As at 30 September 2019, there were 494 opportunities in the system with a projected value of GBP83m, 58 classified as Projects, and are expected to generate GBP13.4m of sales over their future production cycle. This compares with data as at 30 September 2018 of 414, GBP65m, 41 and GBP8.0m respectively."
Overall better than expected and going into the right direction. I will also add a bit and keep the lot for the dividend and future strong recovery because the SP is so sensitive in both directions. As it came down very quickly from £6, it can return very quickly to high levels as business improves. A good medium to long term hold as it a well run and well established company.