Zytronic Share Price (ZYT)

Today's update suggests that recovery may be some way off but good to hear of the interest in the company's products and technologies at the Expos in the last 6 months.

Even with the dip in sp today, I'm not inclined yet to invest further in ZYT until the "green shoots" of recovery are visible.

The recent sp recovery albeit still "in the gutter" hopefully reflects someone with "inside knowledge" feels this compny will survive and maybe thrive again !

Wow:

Over the course of the year, as the Group foresaw a reduction in productive workload, it made the decision to reduce the operational working week and to enable the retention of key skilled operatives, ran its own in-house furlough scheme, paying up to 70% of normal basic pay for non-worked time for those operatives that were affected. However, as the year ran on it became apparent that a permanent reduction in direct labour numbers was required. In September 2023, the Group entered into a redundancy process and made 14 employees redundant prior to the year end, with ten of those leaving under voluntary acceptance. The cost of this exercise to the business was over £0.1m and is classified as exceptional due to it being an infrequent occurrence.

News of a customer going "bust" was announced 12 months ago, causing the sp to crash down to 80p. Is this another customer failing ? If not why the second sp collapse ? These feeble results were expected.

The RNS is very limp-no fight, fire-almost resignation of their plight.Poor effort in my view