RE: ZYT's "breakthrough" ElectroglaZ technology26 Jan 2023 13:15
In 2018, they generated 4.8 mil in cash, with 22.3 mil sales. In 2019 it was 20.1 mil sales. Profit margin still running at 30%.
20p dividend would cost 2 mil based on 10 mil shares in issue. So all they need is a return to 2018/19 sales to easily manage a 20p dividend with plenty to spare.
Any upside sales surprise, for instance with their electroglaz, could really push this up. They’ve still got 6 mil in cash now! It’s been a long wait, price might stagnate for a while yet, but downside risk seems small. Here’s hoping..