Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

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

Zotefoams upbeat after winning PPE foam contract

By Sean Farrell

Date: Tuesday 02 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Zotefoams said second-quarter trading was in line with expectations and that performance would improve in the second half after it won a contract to provide foam for personal protective equipment (PPE).
The foam products maker said demand was weaker in April and May, caused by Covid-19 disruption in several markets. But it said trading was in line with board expectations in early April.

Zotefoams said it had been pursuing new business opportunities and would supply its Plastazote foams for a large contract awarded to its biggest UK customer. Its foams will be used to make equipment under the UK government's PPE initiative for frontline workers. The project will immediately and run for 26 weeks.

The company said conditions were too uncertain for detailed financial guidance but that it expected a stronger performance in the second half of the year, helped by demand for footwear and technical insulation products. Zotefoam shares rose 7.9% to 316p at 11:30 BST.

David Stirling, the company's chief executive, said: "We remain mindful of the continued level of uncertainty and expect market conditions to remain challenging in the short term. However, this incremental foam order, together with the continued robust HPP pipeline and strong cost management delivered to date, further supports the board's confidence in the group's balance sheet strength, its growth strategy and in the long-term prospects of the business."

Zotefoams put dividends on hold in April and embarked on cost cuts after the Covid-19 pandemic added to economic uncertainty that had affected demand for its products.



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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 500.00
52 Week Low 353.00
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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