Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

436.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 500.00p
  • 52 Week Low: 353.00p
  • Currency: UK Pounds
  • Shares Issued: 48.62m
  • Volume: 1,109
  • Market Cap: £211.99m
  • RiskGrade: 186

Zotefoams kick starts Chinese joint venture

By Josh White

Date: Thursday 11 Feb 2016

LONDON (ShareCast) - (ShareCast News) - Zotefoams kicked its Chinese joint venture into action on Thursday, with the announcement of a new product - T-FIT Clean - to be made at its facility in the country's Jiangsu province.
The listed supplier of cellular material technology said the product would be manufactured and sold through its joint venture company, ZOTEK King Lai, established with the King Lai Group in March last year.

"This news builds on Zotefoams and King Lai's long-standing relationship in China," said managing director David Stirling.

"King Lai's strong position in products for cleanroom markets continues to make them the ideal partner to accelerate the development of our unique materials," he added.

T-FIT was described as a range of high-performance closed-cell foam insulation products, with production expected to commence in the second quarter of 2016

Zotefoams said it would be the first product line to be made at the new custom-built moulding facility in China, and would replace the existing T-TUBES brand outside North America.

T-FIT Clean, specifically, was being manufactured to service the existing demands of pipe and tube cleanroom insulation requirements, the company's board said, particularly in the biotechnology, pharmaceutical and semiconductor industries.

It would be made from Zotefoams' elastomeric closed-cell foam, ZOTEK F42HTLS.

At 1245 GMT, shares in Zotefoams were down 0.33% to 300p.

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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 436.00p
Change Today -14.00p
% Change -3.11 %
52 Week High 500.00p
52 Week Low 353.00p
Volume 1,109
Shares Issued 48.62m
Market Cap £211.99m
RiskGrade 186

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.99% below the market average30.99% below the market average30.99% below the market average30.99% below the market average30.99% 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
32.18% below the market average32.18% below the market average32.18% below the market average32.18% below the market average32.18% 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
65.94% below the market average65.94% below the market average65.94% below the market average65.94% below the market average65.94% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
5.69% above the market average5.69% above the market average5.69% above the market average5.69% above the market average5.69% 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
16:35 20 @ 436.00p
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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