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If you go back far enough I think wasn't it 80p ish?. Maybe on it's way back there. I feel that FTC is just at the start of the latest stage in their journey.
Share Price is now at its highest level ever .. onwards and upwards !
Totally amazing!
Bazworth - you asked for it - two contracts in two days! "Looking good" is now an understatement.
Yes. Very pleasing. Both Richard Staveley of Rockwood and FTC themselves presented at Mello at the end of November which coincides with the start of this steady uptick. Maybe coincidence.
We appear to be on a roll, hopefully it will continue.
it would be great too, to see another decent contract announced!
Nice contract, equivalent to around 10% of current market capital in gross terms.
Progress has been good and steady since covid became history and I am looking forward to more of the same.
Another contract win for FTC in the LEO satellite comms market. Well done guys!
Great RNS. Will be interesting to see where it ends up.
It’s a belter!
Just read the RNS,
Good section about FTC on Rockwood Strategic's Investor Meet Company presentation today. Well worth a listen.
Filtronic (LON:FTC) – Firm Hold For Further Recovery
Last Friday morning’s Trading Update from this high-tech products supplier showed some positivity.
The company, which is involved in designing and manufacturing for the aerospace, defence, telecoms and critical communications markets, informed shareholders that its supply chain issues have started to ease, while its opportunity pipeline is still building.
CEO Richard Gibbs stated that:
“Throughout the year our primary markets have remained robust, and we enter the new financial year with a strong order book, a significant number of promising development programmes and opportunity pipeline that has doubled during the course of the last year.
Notwithstanding the disruptions caused by shortages of electronic components, we believe that we are continuing to make the right investments in the business to capitalise on the exciting near-term opportunities in our core markets.
We have been encouraged by the closing of two new telecoms infrastructure contracts early in our new trading year and will look to build further momentum as the year progresses.”
Analysts Michael Hill and Kimberley Carstens at finnCap now have estimates for the year to end May this year, showing a slight dip in revenues to £16.3m (£17.1m) while it might only show a £0.1m adjusted pre-tax profit against £1.5m previously.
For the current year they look for a partial recovery to £0.8m profits from £20.5m sales.
The brokers have a price objective set on the group’s shares at 20p.
We should get a bigger picture of the group’s progress on Tuesday 1st August when the group reports its finals.
The group’s shares, which have been up to 17.34p in the last year, are currently 14.50p valuing the group at £31.3m.
The shares are a firm hold for further recovery.
Yes, I'm happy with that. The future looks very positive for FTC.
I wonder if Harwood/Rockwood will be looking to up their stake here from the current 4.6%.
Published this morning and very good it is too!
Hi. I rang finncap this morning. they said trading update would be this month. I then rang filtronic and was told no date had been set and finncap should not of said that
Indeed. Can have the effect of attracting investors new to Filtronic. Nice little move up this morning by the way.
Great to see the Harwood guys taking a stake this morning!
LEO contract announced today. I wonder whether this is the start of something very ‘tasty’ for Filtronic?
Same announcement warns that there will be delays because of semiconductor shortages. Fulfilment delays only.
Extremely happy to hold tight!
1/2 yearly results a week on Tuesday. Hopefully a positive note regarding the LEO tech.
I have known about this company for 20 years and it has been a classic never quite lived up to its potential. Spent the weekend catching up on its latest developments and this is a company with a very very bright future.
Will be picking up a few shares in the morning !
Love the space potential.
nm
Hell of a move yesterday, and no speeding ticket.
I think their technology and recent contract wins won't have gone unnoticed in their perspective markets.
Interesting.
The Daily Mail recommendation appears to be an article from 8 July, so I don't think that's been the source of today's rise. There does appear to have been a Tower Mount Amplifiers Market Report (2020) added to a repository in the last 24 hours which identifies FTC as one of the key players in the rapidly growing market but I'm not sure that's the source of today's rise either (it's behind a heftily priced paywall). There has also been a Base Station Antenna Market Insights 2022 report released in the last 24 hours which again identifies Filtronic as key player in the rapidly growing market but again I'm not sure that's the source of today's rise either (it's also behind a heftily priced paywall).
I haven't been able to find any other news released on the web in the last 24 hours that would have caused today's rise.
Interesting times.