Announcement • Mar 28
Zytronic Confirms Trading in its Ordinary Shares to be Suspended, Effective April 1, 2025 and Proposes Re-Registration as a Private Limited Company Further to the announcement dated 28 February 2025, Zytronic plc confirmed that trading in its ordinary shares will be suspended with effect from 1 April 2025, pending publication of the Company's full year Annual Report and Accounts to 30 September 2024 (‘FY AR&A’). The Company and its advisers are actively working towards the publication of a shareholder circular, expected to be released during the week commencing 31 March 2025, which will contain further details regarding the proposed cancellation of the Company's admission to trading on AIM (the ‘Cancellation’) and the proposed re-registration of the Company as a private limited company. To facilitate ongoing shareholder transactions following the proposed Cancellation, and conditional upon the relevant resolution being passed at the forthcoming General Meeting, the Company has appointed Asset Match Limited to provide a Secondary Market Trading Facility. This facility is expected to become available from the effective date of the Cancellation. Asset Match, a firm authorised and regulated by the Financial Conduct Authority (FRN 579310), will operate an electronic, off-market dealing facility for the Company's ordinary shares. This platform will enable existing shareholders and potential new investors to trade the Company's ordinary shares through periodic auction events, by matching buyers and sellers. Announcement • Mar 20
Zytronic plc Appoints Claire Smith as Acting Chief Executive Officer The Board of Zytronic plc announced that Claire Smith has been appointed as Acting Chief Executive Officer, effective 19 March 2025. Claire previously served as Chief Financial Officer and will oversee the wind-down of the Company described in previous announcements. Announcement • Feb 27
The Board of Zytronic plc Proposes to Delist the Company's Ordinary Shares from AIM The Board has resolved to put a resolution to shareholders to de-list Zytronic plc's ordinary shares to trading on AIM and convert from a public limited company to a private limited company (the proposed "De-Listing"). A general meeting of the Company's shareholders will be convened ("General Meeting") and a circular sent out to shareholders in due course (the "Circular"). To reduce costs and maximise returns for shareholders, the Board has decided to pursue the cancellation of the Company's admission to trading on AIM. The De-Listing will be subject to approval by shareholders through the passing of a Special Resolution. Should the De-Listing complete, it is the Board's intention to explore the introduction of a secondary market trading facility to facilitate the buying and selling of shares by shareholders (and new investors) by matching buyers and sellers through periodic auditions. The Board will be writing to shareholders to convene a General Meeting, strongly recommending that they vote in favour of the De-Listing resolution to optimise the return of proceeds to shareholders. If the resolution is not approved, the Company will remain listed (and be subject to ongoing AIM Rule 41 obligations should suspension in the trading of the Company's shares occur), continuing to incur associated costs and further reducing potential returns for shareholders and stakeholders. Announcement • Feb 21
An undisclosed buyer acquired Zytronic Displays Ltd. from Zytronic plc (AIM:ZYT). An undisclosed buyer acquired Zytronic Displays Ltd. from Zytronic plc (AIM:ZYT) on February 19, 2025. FRP Advisory Trading Limited and Singer Capital Markets acted as financial advisor to Zytronic plc.
An undisclosed buyer completed the acquisition of Zytronic Displays Ltd. from Zytronic plc (AIM:ZYT) on February 19, 2025. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (UK£4.22m market cap, or US$5.30m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Feb 03
Zytronic plc Announces Stepping Down of Mark Cambridge from the Board Zytronic plc announced that further to the announcement made on 14 November 2024, the Company confirms that Mark Cambridge stepped down from the Board, effective 1 February 2025. Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-executive Chairman Chris Potts was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 18
Zytronic plc Appoints Glen Arnold as Non-Executive Director Zytronic plc announced it has agreed to the recent request of Henry Spain Investment Services Limited (Henry Spain), to admit Dr. Glen Arnold to the Board as its representative, effective on 18 December 2024. Glen will join as a non-executive director and the role will be unpaid. His appointment will be for a fixed-term period, concluding no later than one year after appointment. Glen has worked as an Investment Manager for Henry Spain since 2021. He is also an author of investment books and university textbooks on financial management. Although the Board recognizes that Glen is not independent by virtue of the shareholding interest of Henry Spain, it considers that his temporary appointment will provide it with additional insight on where value within the business lies from a shareholder perspective, whilst the Board continues its work with FRP Advisory Trading Limited on maximizing returns via a solvent liquidation, as announced on 14 November 2024. Glen is currently a director of Opus Eris Limited. New Risk • Dec 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (UK£5.23m market cap, or US$6.67m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Significant insider selling over the past 3 months (UK£66k sold). New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (UK£5.84m market cap, or US$7.40m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Significant insider selling over the past 3 months (UK£66k sold). Announcement • Oct 16
Zytronic plc Provides Unaudited Revenue Guidance for the Second Half and Year Ended 30 September 2024 Zytronic plc provided unaudited revenue guidance for the second half and year ended 30 September 2024. For the half, the company is expected to generate a 22% increase in revenues in the second half of FY24 versus the first half (H2 FY24: £3.9 million versus H1 FY24: £3.3 million), trading conditions remained challenging and based on current order intake, the Board does not anticipate a material recovery in volumes over the short to medium term.
For the year, the company expects revenues of £7.2 million (FY23: £8.6 million). Announcement • May 12
Zytronic plc to Report First Half, 2024 Results on May 14, 2024 Zytronic plc announced that they will report first half, 2024 results on May 14, 2024 Announcement • Jan 24
Zytronic plc, Annual General Meeting, Feb 29, 2024 Zytronic plc, Annual General Meeting, Feb 29, 2024, at 13:00 Coordinated Universal Time. Location: Whiteley Road, Blaydon-on-Tyne, Tyne and Wear, NE21 5NJ Blaydon-on-Tyne Tyne and Wear United Kingdom New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (UK£6.25m market cap, or US$7.93m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Jan 09
Full year 2023 earnings released: UK£0.15 loss per share (vs UK£0.056 profit in FY 2022) Full year 2023 results: UK£0.15 loss per share (down from UK£0.056 profit in FY 2022). Revenue: UK£8.61m (down 30% from FY 2022). Net loss: UK£1.56m (down 356% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • Dec 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 54% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (UK£8.13m market cap, or US$10.3m). Announcement • Aug 01
Zytronic plc Announces Directorate Change Zytronic, announced the following Board changes. Following an extensive search for a new independent Non-executive Chair, the Company has welcomed Dr. Christopher ('Chris') Potts to the Board with immediate effect. At the same time, Mark Butcher is relinquishing his temporary role as interim Non-executive Chair, but continuing to serve as an independent Non-executive Director. Chris brings over 20 years of senior executive and chair experience of international technology businesses. He is presently Chair of Guralp Systems Ltd, a world leading company in the design, manufacture, and installation of seismic event monitoring instrumentation, whose global reach and focus is similar to Zytronic. Chris's experience includes managing privately owned firms, private equity backed businesses and divisions of listed public companies, and he has led several large international corporate transactions. Reported Earnings • May 17
First half 2023 earnings released: UK£0.075 loss per share (vs UK£0.03 profit in 1H 2022) First half 2023 results: UK£0.075 loss per share (down from UK£0.03 profit in 1H 2022). Revenue: UK£4.73m (down 20% from 1H 2022). Net loss: UK£763.0k (down 322% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 05
Zytronic plc Provides Revenue Guidance for the First Half of Fiscal Year 2023 Zytronic plc provided revenue guidance for the first half of fiscal year 2023. For the period, Company expects to report revenue of approximately £4.7 million, and top line performance for the year as a whole of approximately £8.0 million to £8.8 million. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to UK£1.03, the stock trades at a trailing P/E ratio of 17x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total loss to shareholders of 2.2% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£1.25, the stock trades at a trailing P/E ratio of 20.8x. Average forward P/E is 24x in the Electronic industry in the United Kingdom. Total loss to shareholders of 29% over the past three years. Announcement • Feb 09
Zytronic plc Announces Planned Board Changes Zytronic plc announced the appointment of new Independent Non-executive Directors ("INEDs") in order to improve the balance of Board independence in recognition of QCA Corporate Governance Code (the "QCA Code") guidelines, after the departure of the previous non-Executive Chair at the start of the FY23 fiscal year due to ill health. The Board continues to review strategies for future growth and improved shareholder value and expects to appoint recruitment agents to support its INED search in support of these goals once these are further defined and the optimal skill sets to support their delivery are identified.Notwithstanding this on-going process, the Board has agreed that it is in the best interests of the Group that Mark Cambridge is able to solely concentrate on its operational requirements. To facilitate this, he will step down as Acting Executive Chair at the conclusion of the AGM and resume his prior role of CEO, with Mark Butcher (INED) being appointed to the position of Interim Non-executive Chair. The Company will update its Corporate Governance Statement on its website shortly, to reflect this change, while Mark Butcher's appointment as Chair means he would not ordinarily be expected to chair the audit and remuneration committees, this is a current practical necessity and will be resolved on the appointment of a further suitable INED or INEDs. Upcoming Dividend • Feb 02
Upcoming dividend of UK£0.022 per share at 1.6% yield Eligible shareholders must have bought the stock before 09 February 2023. Payment date: 24 February 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.5%). In line with average of industry peers (1.5%). Reported Earnings • Dec 14
Full year 2022 earnings released Full year 2022 results: Revenue: UK£12.3m (up 5.6% from FY 2021). Net income: UK£611.0k (up 51% from FY 2021). Profit margin: 5.0% (up from 3.5% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Dec 14
Zytronic plc Recommends Final Dividend for the Year Ended 30 September 2022, Payable on 24 February 2023 Zytronic plc announced that the Board has decided to recommend to shareholders a final dividend of 2.2 pence per share (2021: 1.5 pence), payable on 24 February 2023 to shareholders on the Register on 10 February 2023. Price Target Changed • Nov 16
Price target decreased to UK£1.90 Down from UK£3.45, the current price target is provided by 1 analyst. New target price is 41% above last closing price of UK£1.35. Stock is down 25% over the past year. The company posted earnings per share of UK£0.03 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Alexander Butcher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Alexander Butcher was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Aug 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be UK£1.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 18
Zytronic plc Provides Revenue Guidance for the Year 2022 Zytronic plc announced that as a result of the above and with clearer visibility at this time on revenue generation for the remainder of the fiscal year, management currently considers that reported revenues for 2022 are likely to be in the region of 5% higher than the £11.7 million reported for 2021. Reported Earnings • May 19
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£184.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • May 12
Zytronic plc to Report First Half, 2022 Results on May 17, 2022 Zytronic plc announced that they will report first half, 2022 results on May 17, 2022 Price Target Changed • Apr 27
Price target decreased to UK£2.50 Down from UK£3.45, the current price target is provided by 1 analyst. New target price is 41% above last closing price of UK£1.78. Stock is up 4.4% over the past year. The company posted earnings per share of UK£0.03 last year. Announcement • Mar 06
Zytronic Announces Board Changes Zytronic announced the following Board changes. Following the AGM, Tudor Davies has stepped down from his role as Director (including as Chair of the Company) and the Board has subsequently appointed David Buffham, currently an Independent Non-executive Director, as its Chair. The Company would also like to confirm, that after an extensive search for a new Independent Non-executive Director, the Board have appointed Alexander Mark Butcher ("Mark"), who is a qualified Chartered Accountant. Mark brings a wealth of Board experience and is presently a Non-executive Director of Redde Northgate plc, East Balkan Properties plc and National Milk Records plc, where he also Chairs their Audit Committees and is either Chair or a member of their Remuneration Committees. Mark is also a Non-executive Director of AssetCo plc. Upcoming Dividend • Feb 24
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 18 March 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.5%). Lower than average of industry peers (1.3%). Announcement • Feb 05
Zytronic plc Proposes Payment of Final Dividend Zytronic plc proposed payment of a final dividend of 1.5 pence on 18 March 2022 to members on the Register at the close of business on 4 March 2022. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.03 (up from UK£0.018 loss in FY 2020). Revenue: UK£11.7m (down 7.9% from FY 2020). Net income: UK£406.0k (up UK£700.0k from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 18%, compared to a 7.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.03 (up from UK£0.018 loss in FY 2020). Revenue: UK£11.7m (down 7.9% from FY 2020). Net income: UK£406.0k (up UK£700.0k from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 18%, compared to a 7.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Sep 15
Zytronic plc Provides Earnings Guidance for the Full Year to 30 September 2021 Zytronic plc provided earnings guidance for the full year to 30 September 2021. Revenues and profits for the full year to 30 September 2021 are now expected to be ahead of market expectations. Is New 90 Day High Low • Feb 23
New 90-day high: UK£1.58 The company is up 24% from its price of UK£1.28 on 25 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Reported Earnings • Dec 09
Full year 2020 earnings released: UK£0.018 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£12.7m (down 37% from FY 2019). Net loss: UK£294.0k (down 111% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Announcement • Dec 05
Zytronic plc to Report Fiscal Year 2020 Results on Dec 08, 2020 Zytronic plc announced that they will report fiscal year 2020 results on Dec 08, 2020 Is New 90 Day High Low • Dec 04
New 90-day high: UK£1.47 The company is up 47% from its price of UK£1.00 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 18% share price gain to UK£1.47, the stock is trading at a trailing P/E ratio of 12.4x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 33x in the Electronic industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 65%. Is New 90 Day High Low • Nov 11
New 90-day high: UK£1.28 The company is up 24% from its price of UK£1.03 on 12 August 2020. The British market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: UK£1.25 The company is up 11% from its price of UK£1.13 on 03 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 11% over the same period.