Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Zotefoams – a continuing progress, but lower share price, Buy

By HotStockRockets

4 October 2024 15:10

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Writing earlier this year on cellular materials technology company Zotefoams (ZTF), we considered there clear further upside potential including from accelerating and de-risking its proprietary technology, ‘ReZorce’ – with this substrate being developed for fully recyclable beverage cartons then being produced and quality and compliance testing procedures being initiated. However, a then more than 42% less than four months gain saw us take profits at a 524p bid price. Since then, the company’s first half of 2024 results have emphasised “preparing for market trial of 150,000 sterile juice cartons in Western Europe. Exploring strategic investment partnership during H2 2024 to facilitate the scale-up and delivery of the ReZorce solution globally” and “continued progress, with the benefits of our diverse market profile providing both stability and opportunities to unlock growth in a mixed economic backdrop”…yet the shares have fallen well below 450p. Here’s why we consider they can exceed the 570p they did in June, again.

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