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Bonkers Bargain update: profit warning

04/05/2023 · Zytronic (ZYT) 

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Investor's Champion Bonkers Bargain

This high-tech manufacturer of patented products had been consistently profitable before the pandemic struck, which pushed it to a first reported loss for more than 17 years, although despite this it still generated plenty of cash. With a balance sheet still awash with cash, exciting developments on the horizon and a big share buy back completed, the shares looked excellent value at current levels. Unfortunately, problems in 2 of its core sectors have resulted in orders being pulled back, bringing a big profit warning. The recovery is certainly going to take longer than anticipated, as you cand discover in our updated commentary here..

This Group's products are proven in the toughest environments and extend across a broad range of applications including signage, gaming machines, ATMs, vending machines, ticketing machines and numerous industrial sector applications. It's shares have fallen preciptously over the pandemic and look interesting value at current levels.

Unfortunately, having previously encouraged, the latest trading update suggests the recovery is going to take longer than expected.

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Zytronic (LON:ZYT) is based just outside Newcastle-upon-Tyne where it operates from three modern factories manufacturing a patented…

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