Trading was strong towards the end of the year as indicated in the October update and PBT of £4.5m was 25% ahead of our forecast at the start of the year (£3.6m). We upgraded our FY16 PBT forecast twice during FY15 and nudge it up again today to £4.7m (from £4.5m). Momentum remains strong and we continue to feel that an FY16 P/E rating of c.16x is inexpensive for a growing technology business with a strong balance sheet and a dividend yield of over 3%.
08 Dec 2015
Strong H2 and momentum continuing
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong H2 and momentum continuing
Zytronic plc (ZYT:LON) | 55.0 0 0.0% | Mkt Cap: 5.59m
- Published:
08 Dec 2015 -
Author:
N+1 Singer Team -
Pages:
7
Trading was strong towards the end of the year as indicated in the October update and PBT of £4.5m was 25% ahead of our forecast at the start of the year (£3.6m). We upgraded our FY16 PBT forecast twice during FY15 and nudge it up again today to £4.7m (from £4.5m). Momentum remains strong and we continue to feel that an FY16 P/E rating of c.16x is inexpensive for a growing technology business with a strong balance sheet and a dividend yield of over 3%.