Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

438.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 500.00
  • 52 Week Low: 353.00
  • Currency: UK Pounds
  • Shares Issued: 48.62m
  • Volume: 12,778
  • Market Cap: £212.96m
  • RiskGrade: 186

Zotefoams acquires joint venture with King Lai

By Bianca Boorer

Date: Friday 06 Jan 2017

LONDON (ShareCast) - (ShareCast News) - Zotefoams, a provider of cellular materials technology, has acquired full ownership of its joint venture Kunshan ZOTEK King Lai (KZKL) from King Lai Group.
Zotefoams originally entered into the agreement with China-based King Lai in March 2015 to manufacture and sell the company's T-FIT insulation products through the joint venture.

The company owned 51% of KZKL under the terms of the original agreement and manufacturing was located in King Lai's factory in Kunshan china.

Manufacturing has now been relocated to a state-of-the-art plant, also in Kunshan China, following the grant of a business licence to KZKL in December 2016.

KZKL will supply the company's T-FIT insulation products to service the exacting demands of the biotechnology, pharmaceutical and semiconductor industries globally, except for North America as the company has another relationship with a local partner in place there.

Chief executive David Stirling said: "With Kunshan ZOTEK King Lai now a wholly owned subsidiary Zotefoams is well placed to fully capitalise on the potential of T-FIT® clean-room products, while also giving us a platform to extend the range of products under the T-FIT® brand during 2017."

The share price rose 4.17% to 250p at 1044 GMT on Friday.

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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 438.00p
Change Today -12.00p
% Change -2.67 %
52 Week High 500.00
52 Week Low 353.00
Volume 12,778
Shares Issued 48.62m
Market Cap £212.96m
RiskGrade 186

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.28% below the market average31.28% below the market average31.28% below the market average31.28% below the market average31.28% 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
35.47% below the market average35.47% below the market average35.47% below the market average35.47% below the market average35.47% below 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
Income
66.06% below the market average66.06% below the market average66.06% below the market average66.06% below the market average66.06% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
5.37% above the market average5.37% above the market average5.37% above the market average5.37% above the market average5.37% 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 29-Jul-2021

Time Volume / Share Price
16:35 44 @ 445.00p
16:35 265 @ 438.00p
16:29 37 @ 445.00p
16:29 7 @ 445.00p
16:29 159 @ 441.00p

Zotefoams Key Personnel

CEO David Stirling
Finance Director Gary McGrath

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