Filtronic Share Discussion Threads

[goggin] 26/4/2024 13:31

https://arstechnica.com/tech-policy/2023/09/spacex-projected-20-million-starlink-users-by-2022-it-ended-up-with-1-million/

[someuwin] 26/4/2024 11:45

Can't buy more than £1k.

[goggin] 25/4/2024 18:50

Filtronic founded in 1977 in the garage of David Rhodes, an electrical engineering professor at the University of Leeds.It was originally set up to provide components for military aircraft but later became a major supplier for Nokia mobile phones and hit a market value of more than £1.5bn during the dotcom boom.Remember and then it all went south. He retired in 06, has a very boom and bust checkered history. Mabey this time is different but the margins are seriously slim. At a 100m mk cap, it's highly priced for the moment and their not even turning a profit at present. That might change, hopefully so, we'll see what happens

[slicethepie] 25/4/2024 17:28

Do you have a clue what this company does ? Who are the entrepreneurial founders?

[goggin] 25/4/2024 16:29

Yes, agreed

[tini5] 25/4/2024 15:38

Yeah fair play, I just plucked a figure out the air, who knows where it can go but a buyout in a few years you would hope would be much higher from where it is now.

[tp6] 25/4/2024 15:15

FTC offer very niche, highly specialised 1 stop shop, from design to manufacturing.. and it's not Chinese.https://www.telegraph.co.uk/world-news/2024/04/24/china-space-weapons-speed-orbit-threat-power-military/Musk is facing similar from Chinese around his ev business.

[donald pond] 25/4/2024 14:53

They will have 10% of the shares and will pay 33p each for them. But to get them all they need to give FTC orders that will blow current projections much higher. It's very positive and gives Musk very little leverage, not worth thinking about. I doubt he has even heard of FTC

[goggin] 25/4/2024 14:29

A Billion- keep dreaming, they don't even turn a profit, musk is not stupid, although I suspect that he likes the entrepreneurial aspect of the founders. Let's see some scable Profits And then who knows what might happen. Not Dot Con

[tini5] 25/4/2024 13:32

If it got to that point they'd just buy the company most likely if they couldn't significantly influence direction the way they wanted. If you were getting £3 or £5 a share on the buyout (for arguments sake), would you care?

[eigthwonder] 25/4/2024 13:18

SpaceZ deal and injection welcome but could there be a long term price to pay if/when SpaceX starts calling the shots in terms of product development and/or who they can do business with?

[bazworth] 25/4/2024 11:35

From the RNS:

“The strike price for the warrant 33 pence, being the closing mid-market price of Filtronic's ordinary shares of 0.1p each on 23 April 2024, being the last business day before the Strategic Partnership contract was executed.”

[bazworth] 25/4/2024 11:21

Warrants circa 33p from day preceding the announcement

[empoggio] 25/4/2024 10:44

I can.t find reference to the excercise price of the warrants. Any help?

[74tom] 25/4/2024 10:19

"As part of the Strategic Partnership, the Company has is issuing a total of 21,712,109 warrants to SpaceX across two tranches, to enable SpaceX to subscribe for up to a maximum of 10% of the Company's existing share capital, with such warrants expected to vest, on a variable basis, with full vesting of the warrants once approximately $60m (£48m) of orders have been placed by SpaceX. The two warrant tranches, which are split equally, are detailed below:"

"Tranche 1: a maximum of 5% vesting on a variable basis from order flow of the E-band SSPA platform; and"

Tranche 2: a maximum of a further 5%, also vesting on a variable basis, for order flow of products developed at alternative frequency bands which would involve partnering with SpaceX on new product development"

[goggin] 25/4/2024 10:15

All old newsRamp Ramp 100m mk and no profit, all blue sky, you nay be luck but history suggests the big winner's will be the insiders. Have funSource: RNS Regulatory News?RNS Number : 0798CFiltronic PLC06 February 2024 

[mirabeau] 25/4/2024 08:43

FTC in effect has become an operating subsidiary of SpaceX. Musk may as well buy the bloody company. He probably spends more on underpants

[pilkersa] 25/4/2024 06:46

In the Times as well now. Unfortunately cant read it due to paywall but nice headline: https://www.thetimes.co.uk/article/filtronic-investors-will-be-over-the-moon-at-deal-with-spacex-fjbj35fnv

[master investor] 24/4/2024 18:18

Great article. This should attract new buyers tomorrow.

[pilkersa] 24/4/2024 17:49

And a nice write up in the telegraph https://www.telegraph.co.uk/business/2024/04/24/elon-musk-spacex-invest-british-engineering-company-garage/

[collywobbler] 24/4/2024 17:48

Some lovely after hours trades. More tomorrow me thinks!

[porous lover] 24/4/2024 16:19

As expected, started to drift.

[collywobbler] 24/4/2024 14:48

Is it listed on otc ??