Zytronic Share Price (ZYT)

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.

Maybe not the dream ticket but its a definitive sign of strength & growth. Just doing a speed read over the company now. One for the watchlist and tbh a large contract could land at any time.

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.