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9.5M cash is 16% of market cap. Plus a positive NAV per share which has been expanding for 5 years. Together with a good operating margins and ROCE with the majority of sales abroad. With a Div cover of 2.06, this is the sort of company you want to ride out any brexit storm in. I hold for the long term.
Rather missing the point - The market hates uncertainty, and there can be nothing more uncertain than the impact of the BREXIT vote, regardless of outcome. As I said, the normal reaction is to dump small stocks & reduce positions ahead of such events.
Thanx for the info shares123 good to hear a company CEO being so open and honest. A great little company with a growing divi. Any slight upturn in the general economy should have a marked effect on the bottom line. Interesting that he confirmed very little effect with the Brexit vote either way
Paul thoughts on Zytronics interims http://www.stockopedia.com/content/small-cap-value-report-17-may-2016-lake-zyt-new-version-old-one-corrupted-131705/ Plus a interview with CEO http://qualitysmallcaps.co.uk/ceo-or-fd-interviews/zytronic-zyt-ceo-interview-17-may-2016/
I sold quite a few on the bell at 417p etc. A very good company, but the interim figures don't really justify the rating at 420p or so. And ZYT is quite illiquid, so I could see the share price dropping a fair bit given reasonable but rather unexciting numbers.
OK Opium...............once again lets see whose right ? more abuse as usual .......................Lets see after the Brexit vote. Brexit has very little ' revenue ' downside where ZYT is concerned. If you researched your comments properly you would be aware of this. Also actually I'm for out ! but it ain't happening. Instead of wasting your money on Tesco shares, and wasting your time trying to be ' pithy ' following me round LSE. Make a few quid by backing to stay in
Some might say this is the stupidest post yet, from Dumb Ox - but I would have to disagree :)
No not at all, Brexit is another damp squib and it has no bearing on ZYT
Will everybody be selling off all their AIM /Small Cap stocks prior to the vote? It's the small boats that get pulled out of the water first when a storm comes...
Thanx Rivaldo, interesting. I did top up my holding by a quarter at 3.70 last month - really if I'm honest to sell at a little profit when they bounced back up over 4.00 - but I've done so well with these over the last 2.5 years t that I think I will just hold and perhaps buy a few more on any dips. Thanx again for the info
News re ZYT's installations in industrial applications - medical, O&G, food processing etc. Worth reading: Http://zytronic.co.uk/insights/article/zytronic-pushing-touch-technology-to-the-extreme-in-industrial-applications/ Extract: "Zytronic – Pushing Touch technology to the Extreme in Industrial applications 03 May 2016 Traditionally, industrial and medical equipment designers have relied on mechanical switches and dials for system control, and for a long time this has suited the industry well enough. However the appeal of touchscreen enabled tablet PC’s and smartphones has led designers of industrial equipment to reconsider how users interact with complex machines and systems in the workplace. However, implementing touchscreen technology in often challenging environments is not straightforward. There may be many obstacles to consider and overcome, and some touch technologies may not be capable of operating in extreme conditions. But Zytronic are acknowledged leaders in the manufacture of durable touch sensors, and our technology is proven in the most demanding applications and environments. The combination of an intuitive interface, and our rugged projected capacitive touch technology continues to change how people interact with machines and computers in the workplace. etc..."
Surely excellent advice for all investment - but how many people follow it. I still think value investment as per Buffett is the best long term solution. But as you say maybe does not work on these little fellers.
Frothy small Tech stocks can be a rocky ride - Sell on the Highs, Buy on the Dips?
Amazing no other news other than the release date of results. Does someone somewhere know something we don't
Nice late surge yesterday, with results coming soon on 17th May. The RNS's are following exactly the same path as last year, with no further comment necessary on current trading following the positive AGM statement, implying trading continues to be nicely in line pre-interims as per last year. And some news - good to see this is already installed in 50 casinos. Lots more to go for: Http://zytronic.co.uk/news/zytronic-speeds-the-pace-of-roulette-with-unique-multiplayer-table/ "Zytronic speeds the pace of roulette with unique multiplayer table 26 April 2016 Euro Games Technology (EGT), one of the fastest growing companies in the global gaming industry, used Zytronic Projected Capacitive Technology (PCT™) to create a completely new multiplayer luxury roulette game on an 84” table with up to eight independent touch areas. The EGT Luxury Touch Table won an award at G2E last year and has already been installed in 50 casinos, including WINBET in Bulgaria, Casino Advanced Technology, France and Casino VINMOE in Ireland. According to Tihomir Asenov, Research Manager at EGT, “Our concept in creating the EGT Luxury Touch Table was to increase the pace of play increasing profitability, and to reduce the operating costs and the chances of discrepancies. We have realised a completely new and elegant luxury version of roulette, a traditional casino game. It has been specifically projected to cater for big casino interiors and combines the latest digital innovations in the industry with the live table experience of having a real wheel and a live dealer to spin it.” The EGT Luxury Touch Table is a high-end product, featuring an exquisite design, modern technologies and demanding performance standards. Critically, the new Table concept required six or eight completely independent touch zones operating seamlessly over a single 84” LCD, allowing individuals to place bets within a shared game experience, without the risk of each players “virtual” gambling chips becoming mixed up. etc"
Sorry wrong link try this one: http://qualitysmallcaps.co.uk/ceo-or-fd-interviews/zytronic-zyt-ceo-interview-17-dec-2015/
Paul is quite a fan of ZYT, you can hear an interview with the CEO here: http://qualitysmallcaps.co.uk/
Paul Scott of stockopedia fame is now buying Zytronics. So he can also see good value in this share. A reasonably priced GARP stock. http://www.stockopedia.com/content/small-cap-value-report-19-jan-2016-dotd-xlm-stm-frp-118430/
But those were share options. Even so I would like to see them buying at this level. Is going up a bit now after an early fall.
Pity about the directors selling does not send a positive message. Although BOD they have low salaries by AIM standard. I am sure the share price will pick up after the indiscriminate sell off finishes.
I agree but the market is falling, many that have risen last year are getting hit now.
http://www.iii.co.uk/articles/288002/top-10-quality-aim-shares-2016? PE of 15, and once the 9M of cash is removed from Market cap (As Peter Lynch suggests) that is reduced to PE12. ROCE of 21% and operating margin of 21% suggesting the company has economic moat from know-how and patents. There is also a 3.5% div yield and dividend cover of 2. Five years of increasing and positive Net Asset Value per Share. 3 years of increasing profits. What is not to like!
The only problem with stop losses I have found is market makers can shake you out and you sell at or near the bottom only to see the share price bounce back without you, happened to me a few times so I only use them sparingly now. I don't subscribe to IC anymore but if I did I would be using stop losses on most of their tips.
Got that mate :) Calling a daytrader an Investor, is like calling a one night stand romantic, as Pop says...
Even if I sell because of a stop loss I personally can still rate a share a BUY. An automatic stop loss takes out any emotion. NOW as well as an expert On TESCO LOSSES you are a mind reader. You claim to know my STOP LOSS but you don't know my position in ZYT. If you go back to the relevant Post you will see I bought at 1.79. I have raised my stop loss along the way obviously , although its more of a Stop ' further ' profits. For your info my Stop loss is exactly 3.58 at which point I will be at a DOUBLE + divis. Anywhere from that upwards I am prepared to hold and roll the dice. Once Again you have made CHILDISH and may I say STUPID ASSUMPTIONS ! Time to go back and count your massive TESCO losses and leave us investors alone LOL