Zytronic’s H1 results contain no surprises, less than two weeks on from the trading update. Gaming sector weakness outweighed a stronger performance from a number of other sectors and PBT reduced to £1.4m from £2.2m in H1’18. The outlook statement strikes a cautious tone and this has already been reflected in our forecasts (as revised on 2nd May). The shares trade on a marked discount to the smaller cap goods stocks (6.6x cal’19 EV/EBITDA versus peers on 9.2x). Zytronic’s dividend yield is now s ....
14 May 2019
H1 results held back by Gaming
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H1 results held back by Gaming
Zytronic plc (ZYT:LON) | 60.0 0 0.0% | Mkt Cap: 6.10m
- Published:
14 May 2019 -
Author:
James Tetley -
Pages:
3
Zytronic’s H1 results contain no surprises, less than two weeks on from the trading update. Gaming sector weakness outweighed a stronger performance from a number of other sectors and PBT reduced to £1.4m from £2.2m in H1’18. The outlook statement strikes a cautious tone and this has already been reflected in our forecasts (as revised on 2nd May). The shares trade on a marked discount to the smaller cap goods stocks (6.6x cal’19 EV/EBITDA versus peers on 9.2x). Zytronic’s dividend yield is now s ....