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Stock here is very tight & this has the potential to move up rapidly on any pressure.
Sellers are few & far between as this is a great story, specialists in their field both in design & manufacturing- thats pretty unusual to be able to complete the whole process in house.
Thumbs up from Musk on that point. “This is what I want”.
“No problem”.
In the US Companies like NVidia explode onto the scene with their expertise, and tremendous valuations.
Let’s see where we go from here.
Started: Nas-k, 12 Jun 2024 11:50
Last post: Nas-k, 12 Jun 2024 11:50
Started: poshify, 11 Jun 2024 12:32
Last post: poshify, 11 Jun 2024 12:32
Undervalued at 70 which was a sell price for some holders. Should be £1+ on strength of order book and takeover potential.
Started: Nas-k, 5 Jun 2024 09:29
Last post: Nas-k, 7 Jun 2024 10:45
Bought at 9p so I think taking gradual profits is wise strategy...buys are still outnumbering sells and ECB expected to lower rates later today. £1 would suit me fine but then every other seller thinks in round numbers too!
40% rise in short order & traders will take profits, just depends on buyer demand at this point.
I bought in yesterday and have a long tradition of topping out and holding the bag for a while.
Might help you make your mind up.
Definitely hold on if you can Norfolkian - as you have also noticed, something seems to be brewing - as 40% rise in last 6 weeks is quite impressive considering what we know :)
Personally, just enjoying the ride for the mid-long term but seeing it climb short term - I can see where you are coming from with wanting to offload some…..but each to their own of course.
GL & ATB ;)
Was going to offload a few this morning but I think I will wait and watch the price rise a bit more...all buys in blue so far today so got to thinking something is in the air...wouldn't be surprised if further orders were announced shortly...would be icing on the cake if large predator decided to pounce as filtronic is still not too expensive compared to future sales
Started: Nas-k, 8 May 2024 09:52
Last post: Norfolkian, 27 May 2024 14:44
Would be something if Filtronic could supply EU version of Starlink
https://www.politico.eu/article/crystal-clear-that-europe-needs-a-starlink-like-secure-satellite-program-says-space-boss-esa-josef-aschbacher/
North East Space Conference 2024
https://twitter.com/SpaceNEEngland/status/1791106448128102781?s=19
“Quietly chugging along”
We seem to have built a head of steam by late afternoon!! 😎
Quietly chugging along..
Started: Nas-k, 7 May 2024 07:17
Last post: Nas-k, 7 May 2024 07:17
Started: poshify, 4 May 2024 01:29
Last post: poshify, 6 May 2024 18:39
So they have, retirement conversion looks like
Brilliant to see the Dixons make a fantastic return. They’ve been accumulating from 8p approx over numerous years. Believe they held about 50million at one stage. True long-term investors!
The Dixons have reduced. On 9 April they held 36.25m shares. Thye now hold 30m shares. One would imagine that they sold some, if not all, of those 6.25m shares to Schroders.
On the back of Schroders building its stake, now the Dixons increase. Who will be next I wonder?
Last post: poshify, 3 May 2024 13:29
Its stake not it's - I'll always correct my typos
Of course it's worth pointing out that Schroders will have increased it's stake in Filtronic in response to the SpaceX deal because it sees the company as a great stock to hold in its investment trust portfolio.
According to their site it should be below 3.59% as they’re not on the significant shareholders list
Does anyone know what their initial holding was? Good to see them above the 5% threshold.
Started: liam1om, 30 Apr 2024 09:00
Last post: Steeltitan60, 30 Apr 2024 14:39
All his posts have been removed and if LSE don’t ban him I’d be surprised.
There’s no point having a framework of rules on a public forum if certain people are just going to ignore them.
I hope that’s it now, puts genuine users off using the forum having such view such unpleasantness.
ST60, It would seem that Rick123 is not the only poster you choose to offend. Given that you seem want to abuse anybody who asks you, politely, to stop, you leave me no alternative other than to report your post.
Congratulations your the first poster I've ever had cause to report sor simply being facetious and having absolutely nothing of worth to add to the discussion board )other than emojis - do grow up).
ST60, Don't know what your issue is with Rick123 (it seems to be long standing) but give it a rest. If you don't care for his posts just filter him. That goes for the rest of us too if, at times, some of his posts start sounding like a broken record.
FTC performance over the last 5 years has been incredible, and this is only the beginning of this amazing project. This is still in on the ground floor. Those that have been in for 5 years congratulations on your 575% profit. Any been in here that long?
4.1m & 1M shares are worth about £2.5 million squid!
Last post: Steeltitan60, 30 Apr 2024 11:04
No shortage of trades since the Elon Musk RNS, bodes well. Let’s hope for another blue day as the market continues to like the unbelievable news.
Well done Admin for clearing inappropriate comments on this BB. Keep up the good work.
Also note circa £20M of new contracts on 5 announcements since late December.
The initial purchase order of $19.7m from SpaceX is huge. Notice the company’s revenue last financial year was only £16.3 and initial purchase order of $19.7m from SpaceX, huge increase in rev
Started: spitfire44, 30 Apr 2024 09:10
Last post: spitfire44, 30 Apr 2024 09:10
SOLD/SELLING THE NEWS ..May drop back from here till the next Space X news/rumor comes in.....
Started: Rick123, 29 Apr 2024 10:38
Last post: Mozax, 30 Apr 2024 07:56
To the moon or earths orbit at least!
@ EGBT
You’ve read this well today.
More news this week perhaps?
There we go right on the sweet spot - 53p vaporised !
Well done to those that predicted the rise would continue....
hoping to see 70p soon
Dummy sell @ 52.05
Going up into the close.
10% rise for the next 10 days please.
Started: Rick123, 27 Apr 2024 06:20
Last post: Mozax, 29 Apr 2024 10:35
1 Million Buy just printed, that would have taken a while to fill.
BEGO just moved to 59p so free-float even tighter now.
Current buy 52p.
Profits have been taken, brief consolidation and it can start to move up.
Very interesting Company indeed, in many sectors with a formidable design team, and their own manufacturing department too, highly unusual.
Very low free-float so once our short sighted sellers have vacated, it could move up quickly.
If the US stock was trading ( a glitch over there it seems) then this could go ballistic.
Imagine a little bbc article or something like that . Would be nice
News has spread and the rise is happening
Good morning all!
Started: Amica1, 25 Apr 2024 18:26
Last post: EGTP, 26 Apr 2024 16:26
Yes it seems so folks but I don’t believe I posted anything specific / or that constituted an iota of inside information - obviously some anonymous jobsworth on this BB, either way I can’t say anything more
Have good weekend everyone ! 😊
Yes, which was why the post was removed.
Either way, the fact remains that we are at an SP that resembled the position following £20M of contracts signed since 19th December 2023 through to March 2024.
Currently the SpaceX agreement has added a few pence to the Share Price, sellers are impatient and taking their profits now.
That’s up to them, but give this a few months, and more & tje rewards could be substantial imo.
He did work for them and still has contacts there
“not post, link to or otherwise publish any content with recommendations to buy or not buy a particular share or other investment or which contain confidential information of another party or which otherwise have the purpose of affecting the price or value of any share or other investment.”
The information that he posted ‘may’ have been confidential.
We’ll have to wait & see.
The fact that he knew of the next contract being won already?
Started: missilee, 25 Apr 2024 14:19
Last post: Rick123, 25 Apr 2024 15:53
‘Now let’s see what else Filtronic will announce’
A growing workforce to keep up with the demand hopefully
Nothing to stop further announcements of contracts with other parties.
Let this settle down a bit, the sell on news brigade will probably be finished soon.
Having 5 years of sales pipeline just with one customer is pretty impressive, it’s the sort of foundation any business would dream of.
Now let’s see what else Filtronic will announce.
Would be perfect for a quick buck if he did buy us out but I don’t think it will happen anytime soon.
Elon buy us out please,
Cheers 🍻 mate
Started: Rick123, 25 Apr 2024 08:06
Last post: 01234, 25 Apr 2024 13:49
Strap in for an afternoon on the starlink express!💙
Coco- I have same problem
So many impatient sellers / profit takers. If everyone stopped selling for an hour this would be over 50p in a flash. If there are 3 consecutive buys the ask moves up instantly - that tells me we'll continue moving up once the consolidation phase is complete.
Based on updated broker notes by Edison & Cavendish, FY25 EPS is now forecast to be 2.74p, this compares to the prior forecast of 1.1p for FY25 and 1.07p for FY24 (now 1.3p) . So on Tuesday, shares were trading on a FY24 PE of 25x and FY25 PE of 30x. Today they are trading on an FY25 PE of 18x... This plainly doesn't make sense, particularly with the Starlink relationship now formalised.
The minimum I'd expect would be a re-rate to 25x the FY25 PE, so a target of 67p. Of course this doesn't include the very real potential for additional starlink orders at additional frequencies, so the reality is I think the fundamentals could support a 30x PE given the nascent size of the LEO industry & expected growth over the next few years.
So who called a blue afternoon? Very close to it now.
Anyone else having issues with recommending posts on this site at the moment? For me it’s unresponsive
Started: missilee, 24 Apr 2024 19:12
Last post: Nas-k, 25 Apr 2024 06:39
Filtronic the leader in high-performance mmWave technologies, has today signed a Strategic Partnership and commercial agreement with SpaceX, a market leader in the low Earth Orbit market.
The Strategic Partnership includes the ongoing supply of Filtronic’s cutting-edge E-band Solid State Power Amplifiers (SSPA), alongside collaborative efforts in developing and delivering comparable products across multiple frequency bands core to SpaceX’s Starlink platform.
The agreement was signed with an initial order of $19.7m (£15.8m) to supply E-band SSPA modules, scheduled for delivery in FY2025, with further order flow expected to continue thereafter to support the ongoing deployment of SpaceX’s Starlink constellation, which provides high-speed, low-latency internet to users all around the world.
As part of the partnership, SpaceX has committed to ongoing orders for the next five years to ensure Filtronic remains a key part of its supply chain.
Richard Gibbs, Chief Executive Officer, of Filtronic, commented: “We are delighted to enter into this important Strategic Agreement with SpaceX, a market leader in LEO satellite constellations. This ongoing SpaceX partnership underlines our core value proposition of high-performance mmWave and operational excellence. It also provides Filtronic with the opportunity to scale manufacturing, build capability and execute our technology roadmap. The team at Filtronic are excited to develop our existing relationship with SpaceX and secure the ongoing supply of E-band SSPAs. We also look forward to collaborating with the SpaceX engineering team to develop new products for use in the Starlink system.”
Mike Nicolls, SpaceX’s Vice President of Starlink Engineering commented: “Filtronic has been an outstanding supplier for Starlink. They have matched our rate ramp and increasing demand for high-quality parts. Their strong engineering teams have taken ownership of their production process to meet our needs, taking their designs from wafer to functional unit, and are delivering quality parts in E-band which will enable the Starlink network to continue to grow and connect millions of more people around the world with high-speed, low-latency broadband internet.”
Biggy post trades nice
SP held well today, hopefully see similar tomorrow once news filters out
There you go https://www.telegraph.co.uk/business/2024/04/24/elon-musk-spacex-invest-british-engineering-company-garage/ they'll be all reading about it tonight
I agree I think this doubles over the next week or so, I can’t imagine many ppl will sell on this news. Traders quick in and out will happen but if you look at the worm over the last year it should easily hit the high 60-80p soon. Anything with elons name attached to it will shoot upwards.
Yes todays news is significantly undervalued (the open gap didn’t help) but I believe will re-rate strongly over the next few sessions as news gets out - not only is it significant that musk is now involved it will also open up lots of other doors and more contracts plus from potential space x rivals
Hmmm I wonder if musk will want this to happen ?
Started: Flogit123, 24 Apr 2024 12:02
Last post: Flogit123, 24 Apr 2024 12:02
To see the rise here today - not really followed the company but there’s been quite a few trades today and apparently the shares are held pretty tightly. Looking to buy in and am being quoted sub 50p… I guess this could be the pre lunch fall or is the rise over?
Started: Shardster, 24 Apr 2024 09:07
Last post: JWBellamy, 24 Apr 2024 09:33
Great trading update and significant agreement with space X, should see an uplift from here
Started: Hamodeh82, 24 Apr 2024 08:14
Last post: Mozax, 24 Apr 2024 09:07
The warrants are issued to enable SpaceX to subscribe up to 10% of Filtronics existing share Capital, and they can only fully best once orders for £48M are irrevocably placed.
Having SpaceX as a major shareholder is very impressive indeed, but what the market will really warm to is the long term interests of both parties.
Nice update for gains … yesterday FXPO announced 200% production increase - 100% yield divi payer moving forward
...It's the conservative British way :)
This is £1 stock , i do accept that British stock don’t go mad with such news. If this listed on Nasdaq or NY we will see 300% increase with pre-market itself and 500%+ during market hours.
Dual listed.
FLTCF
Filtronic PLC
Started: scoredagainsteps, 24 Apr 2024 08:18
Last post: scoredagainsteps, 24 Apr 2024 08:18
33p good luck