Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Boys, has this bottomed out @ .63 Thoughts and opinions Thanks
I think I'll buy again in 50s Just need to find bottom!
Strong *
Bottom anyone? Should bounce make strong?
Close to buy back time! Most people are playing the market!
Soon
I agree, need a good day of volume! We'll be trading mid .80s in no time!
.80 been paid again today. We need to break out past .80
Touch sensor manufacturer Zytronic (ZYT) has performed exceptionally well in a depressed market. This comes after an exports-driven sales strategy that has reaped benefits in Eastern Europe, Asia and America. According to management, to increase profitability, enhance efficiency and boost operating margins, the company is shedding non-core legacy businesses such as its ballistic visor and light diffuser divisions. Zytronic is also going to benefit from a reduced tax rate due to research and development subsidies in the UK. In results for the year to March, profits jumped from £330,000 to £1.43 million on sales that grew from £39.8 million to £48.5 million while EPS stood at 16.1p. Dividends doubled from 1p to 2p in the same period, tying up with an avowed progressive dividend strategy. The largest share of the group revenue came from self-service vending machines and financial ‘consoles’ such as cash machines. Zytronic noted that its Industrial Automation division benefited from a growing demand for ruggedised and durable information ‘kiosks’ and control system displays all over the world. There was also a 27 per cent increase in ATM display sales to £2.4 million. Additionally, the company has recently entered into a partnership with Bosch Siemens for home automation. Interesting new applications for the touch sensor technology include command units for farming and earth-moving equipment. Zytronic has also made a foray into gambling with the deployment of wagering terminals in Australia. Touch sensor revenue grew by 23 per cent to £7.4 million, accounting for 70 per cent of the group sales. Within this high-performing sector more than 90 per cent of the sales were destined for outside the UK. Zytronic also benefited from a steady demand for ATM consoles in new markets in Eastern Europe and China. The management attributes this success to both touch sensor and non-touch sensor expertise in ATMs, which makes the bundling of technology easier for end clients. Analysts at N+1 Brewin forecast pre-tax profits to rise by 8 per cent to £4.1 million (EPS by 9 per cent to 21.2p). A target price of 373p was set. In terms of territorial revenue, the Europe, Middle East and Africa region saw growth of 21 per cent in sales while sales climbed by 35 per cent in the Asia Pacific region. Future targets for the company include a move into automotive applications and industrial and medical tablets. The company’s products are under patent protection until 2015. According to the management, expanding exports into China was a conscious risk as it exposed the company to potential intellectual property theft. In conclusion, Zytronic is one of those rare gems of manufacturing that keep the best of British innovation and resilience flying all over the world. With a robust order book, new touch sensor technological novelties in the offing and a management team devoted to maximisin
Hope for many more 2morrow.
.80 been paid as standard! Looking good
.80 paid 4 mms sitting on .90 bit more volume and we'll BOOOOM again! ;)
Jange, correct,,..heading to the .80s
Good 2 hours volume, looks like someone picked up in chunks!
Mms scouting for shares
I meant two mms sitting on .75 with volume we'll move up quick!
2 mms sitting on .70 I see a bright light ahead! Very nice rise, let's see what the afternoon brings
Another 3/4% rise will do us the world of good!
Hopefully carry on next week! Will watch more closely tomorrow! Good luck all
Looking good here! RNS coming, volume picking up!