Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

445.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 500.00
  • 52 Week Low: 353.00
  • Currency: UK Pounds
  • Shares Issued: 48.62m
  • Volume: 1,089
  • Market Cap: £216.36m
  • RiskGrade: 186

Zotefoams shares drop despite profit boost

By Victoria Young

Date: Tuesday 04 Aug 2015

LONDON (ShareCast) - (ShareCast News) - Foam maker Zotefoams saw its shares drop as a strong set of first-half results was held back by currency movements.
Zotefoams, whose products are used in the sports, packaging, transport, toys, building and the military sectors, said profit before tax was up by 88% to £3.02m from £1.61m, thanks to growth in all business segments.

Total revenue was up by 8% to a record £26.6m for the first half of the year, led by strong MuCell Extrusion sales which were up by 38%.

Basic earnings per share were 5.5p, up from 3.2p in the first half of 2014, and the director's increased the interim dividend by 3% to 1.80p per share from 1.75p.

Zotefoam noted foreign exchange headwinds had impacted results, and said revenues would have been up by 10% in constant currency.

Investec, which held a 'hold' rating on the stock' and a price target of 325p said the company was making good progress. Analyst Thomas Rands left forecasts unchanged due a positive order book and despite currency headwinds and higher polymer prices.

N + 1 Singer said in a note the investment in manufacturing in Kentucky was on track and this was important. "FX has a major impact on Zotefoams but underlying story is on track and remains a core portfolio holding with the excitement of the MuCell growth opportunity," N + 1 Singer said.

Shares in the company fell by 3.57% to 290.25p by 1048 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Zotefoams Market Data

Currency UK Pounds
Share Price 445.00p
Change Today -5.00p
% Change -1.11 %
52 Week High 500.00
52 Week Low 353.00
Volume 1,089
Shares Issued 48.62m
Market Cap £216.36m
RiskGrade 186

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.5% below the market average32.5% below the market average32.5% below the market average32.5% below the market average32.5% below the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
20.27% below the market average20.27% below the market average20.27% below the market average20.27% below the market average20.27% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Income
65.67% below the market average65.67% below the market average65.67% below the market average65.67% below the market average65.67% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
5.56% above the market average5.56% above the market average5.56% above the market average5.56% above the market average5.56% above the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Zotefoams Dividends

  Latest Previous
  Final Interim
Ex-Div 06-May-21 10-Sep-20
Paid 01-Jun-21 09-Oct-20
Amount 4.27p 2.03p

Trades for 27-Jul-2021

Time Volume / Share Price
14:14 269 @ 445.00p
13:38 500 @ 444.00p
12:02 160 @ 437.00p
11:30 160 @ 439.00p

Zotefoams Key Personnel

CEO David Stirling
Finance Director Gary McGrath

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