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What exactly does your comment mean, investz?
Some steady taking FTC this morning.
Expect most traders are out now
picking up the stock at 6p.
6.10p ask now.
Mid term hold
https://www.tradingview.com/x/44qdk8wU/
my understanding of things (from my tech expert-he may be wrong) is that the end customer has told Nokia that they are going to use the existing spectrum hardware of their proposed acquisition-which happens to be a different technology. There are 2 main approaches-one is having 2 frequencies-one for transmission and one for reception. That is what the majority of the market uses and what FTC bases its antennae on. The other is time based antennae-a split second of transmission and then a spilt second of reception. That is what the acquisition probably uses and because it is so expensive the purchasing company has decided to stick with that rather than spend money using Nokia and hence us. While this is a major short term setback it does not mean we are dead/finished with this approach but any orders will not be in the realms we were hoping. In light of the current situation I am sure FTC will want to maximise their investment in mMIMO and will be working out what to do next. I hope we will get an idea on that in their next results update due at the end of January. In the meantime the defence sector contracts are steady and long term so we are not dead yet. I have decided to hold and see how things unfold. Today's market response suggests the reaction to the RNS may be an over-reaction-which s often the case-or may lead to running out of cash-also possible!
Some things not reported
http://www.filtronic.com/news/
Most positive thing is the dips are being bought
29000 at 6.25p
It has dropped significantly from it's high and is certainly due a big bounce
now.
This can easily see 100% rise Jan 2019. It's only 12p/13p for that to happen.
gone near 6p so makes sense to be in now..
If this has turned I would estimate we are looking at a first price of 8p
My take on what's happened here is that they have a range of 3.4-4.2 GHz which is the ideal range for 5g (would suit most) Unfortunately crazy as it seems doesn't suit our customer!! I understand how unprofessional this sounds but FTC are one of the leading company's in this field and hopefully can sort this mess out. The role out of 5g will be huge and FTC will be the market leaders for the tech. They have money in the bank, enough who knows, may need to raise in the future. Being a UK company selling in £'s mean we will be competitive and I'm sure we have a future. This is my view but until FTC get there act together and give more information for a change I agree with goodflyingduck we will keep dropping, and becomes a cosino,who dares (possibly)wins. I will however be buying a few more if it drops much further.
Bought at 6.999 after thinking this was the bottom, obviously not! Any idea where that might be? Like you everything is down but hopefully something positive soon.
I'm now down loads on everything in my portfolio and this one has just joined my failures. In the past I sold shares at a loss only to the same shares worth much more than I bought them for. Admittedly some sank and eventually disappeared, that's where the research comes in. I hope I've got this one right as feel a complete failure at the moment, looking at my investments. But at the end of the day l did my research and took the plunge, no one to blame but myself. I could sit behind my laptop moaning about the company but what's the point. I'm sure they will be trying there best to get us back on track as soon as possible. I will be topping up tomorrow as I've hopefully called this right. Have faith in the management and yourself or move on.
Care to explain how you came by that figure ?? Any logic to it ????
3.5p
Where does everyone think the bottom is ?