Market's view on Zytronic
Published on April 2024
- A stock watcher has consistently bought shares since 2019, facing significant losses and plans to potentially exit by the end of the year if there’s no improvement.
- Concerns are raised about the company’s focus on cash reserves without substantial improvements in operations.
- A watcher is hopeful that upcoming results will provide much-needed clarity regarding the company’s direction.
- Speculation exists that interim results should align with previous years’ schedules, around mid-May.
- Discussion about a LinkedIn post hints at potential new business avenues involving high-end design companies and a product named ElectroglaZ.
- Another LinkedIn update indicates the company’s targeting of the food processing sector, which could lead to a significant addressable market through an own-product range.
- A recovery in the company is speculated to be delayed until the latter half of FY24 or early FY25, based on a refined projection of opportunities.
- Financial updates show a slight decrease in net cash, with a robust cash balance and ongoing investments in sales expected to aid in a business turnaround.
- The upcoming AGM might provide further trading information, sparking discussions about the company’s future directions and management effectiveness.