Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Shufflers. There is a Geordie company which wages war on switches and buttons. It makes touch sensors. You’ll see this kind of technology everywhere these days, beginning with your mobile phone.
But of course touch technology gets around much more than that. The company I’m thinking of has the sci-fi sounding name of Zytronic (ZYT). I’ve commended it to you before since when the share price has risen by about 75%. As I write the take is another 6% higher than that as the figures are just out. And they are rather tasty.
For the six months ending March 31st, profit before tax increased to £2.5 million. In the half year before that it was £1.8m. Earnings per share improved by 44% on last time, with revenues up by 14% to £11.3 million. The interim dividend is up by 10%.
But, of course, the question is will this progress continue? The directors certainly think so and for once I think we can go along with that.
Zytronic operates from three modern factories in Newcastle. Touch screens may seem like a new development, but this plucky little company has been making and flogging them for 15 years. Its gear turns up everywhere from ticket vending thingies to slot machines. It really is a growing trend of the future. Is it a worldwide thing? Certainlyski. Zytronic has just won an order to equip 3000 metro and bus ticket machines in Moscow.
The poorly pound will no doubt help the foreign sales for this dynamic company and to show you how on the ball its technology is, it can handle 40 touches at the same time through very thick glass. It does it in milliseconds. Very handy if you’re a centipede.
And now I’m going to touch a glass in the Punter’s Return.
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