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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Filtronic Plc | FTC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -1.33% | 111.50 | 11:23:48 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 113.00 | 111.50 | 113.50 | 113.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 27/3/2025 09:30 by foetus in your brain If he's based up in Sedgefield and had those shares in a tax efficient wrapper that could clear his mortgage. Likely not his decision either: partner would have done input. If that's his only asset, so he had £800k in FTC shares, a job at FTC and a mortgage makes total sense to take a cautious approach. |
Posted at 27/3/2025 07:24 by foetus in your brain htTps://www.techuk.o |
Posted at 26/3/2025 13:06 by foetus in your brain Lots of waffle from Reeves about funding defence, with a focus on technology and smaller British companies. Can only be good for FTC |
Posted at 20/3/2025 21:15 by foetus in your brain I contacted FTC yesterday to ask about how the ESA contract was going and received a very positive and professional reply. I think the crux is that FTC are building a lot of experience in both the ground and payload side of LEOs, and that part of the reason that SpaceX has become such a big customer is because SpaceX is big, ambitious, fast moving and market leading. Others will follow and I get the sense that FTC are pretty confident they will be in the mix for those projects. Super exciting times, especially for those of us who have been here for a while. |
Posted at 19/3/2025 17:20 by faz JOhnxx yes they could have demanded to pay less but if they own equity in FTC it makes less sense to do so. And clearly FTC do more with the money on this specific part of the Space X proposition than Space X can do. |
Posted at 19/3/2025 10:21 by jimmywilson612 I think Space X owns 10% already of FTC. This PO for Equity deal will take them to 15% , which I believe is normally considered key in order to have someone nominated by Space X to sit on the FTC board.For Johnrxx99 - it well might be a negotiation by Space X due to prices. However, I think for the size of the contracts, money spent, its negligible for them. Instead, a bigger risk for Space X is a critical supplier being taken over by a rival, or FTC's focus is on supporting other businesses. By gaining a route to have a Space X nominated person sitting on the board of FTC I think is a defensive move from them, to ensure their supply chain risk is reduced. My opinion only - could be wide of the mark |
Posted at 07/3/2025 07:51 by foetus in your brain That's my thinking too. A podcast recently said SpaceX came to FTC because they hadn't been able to figure out the solution themselves. It seems unlikely that the ESA would contract with FTC and then decide to go it alone.I think also the defence angle is significantly underestimated here. We know we have deals with BAE and Qinetic and I imagine that there are drone applications being looked at too. The runway and tailwinds remain huge imo. I simply cannot see the tailing off in demand that brokers forecast provided of course that FTC maintains quality and continues to incrementally improve its products |
Posted at 07/3/2025 01:19 by fft As said below, FTC had a contract in 2023 with the ESA for LEO kit. Hard to see that anything made by europeans wouldn't have exactly the same requirements and functionality as starlink, so unless someone decides to reinvent the wheel ( and prolong the implementation date),.they would use as many tried and tested parts as possible. And that is where FTC come in.So, IMHO, good news. Entirely possible that Musk would try to impede ESA by buying FTC ! He has done daft things before. |
Posted at 16/2/2025 14:21 by hedgehog 100 FTC shows how older companies can reinvent themselves by shrewd investment into R&D.FTC floated on the London Stock Exchange in the 1990s; and after eight-bagging from 1997 to 2000, it subsequently declined by over 99%, before its current success. And another older company that has been doing very well recently is Newmark Security (NWT), a British technology company that has expanded very successfully into America. From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:- "Five years of consecutive revenue growth: HCM in North America: £m" 2017: £0.9M. 2018: £1.2M. 2019: £4.0M. 2020: £5.9M. 2021: £6.5M. 2022: £8.7M. Like FTC, NWT floated on the London Stock Exchange in the 1990s. And like FTC, NWT has been boosted by its exposure to security, data, and communications. And the sort of revenue and profit achieved by FTC recently looks achievable by NWT in the medium term. Newmark Security (NWT) 69.5p Market cap. £6.52M. |
Posted at 31/10/2024 08:47 by thetrotsky I agree. The market appears to be more focused on the fact that H1 is more than likely to be be stronger than H2.It would appear, based on the market's initial reaction this morning, that the market (and presumably FTC) believes that even if the "advanced discussions" lead to new contract wins they are unlikely to now materially impact H2, as we've only got seven months left of the current financial year. There is also the possibility, new production capacity aside, that H1 results in FY26 might only, at best, flatline in comparison to FY25 unless there are some material new orders to replace the SpaceX retrofit work. Nevertheless, IMHO the addition of two new production lines in the space of just five months suggests that FTC is confident that some (or all) of these "advanced discussions" will lead to some material new contracts in the near future. I think it would be good if FTC could lessen its current reliance on SpaceX orders and broaden its key customer base. FTC needs material new orders from customers other than SpaceX to protect itself against the possibility that further orders from SpaceX might be impacted by future events outside its current control. It's never good business practise to make your business overly reliant on just one customer for longer than is absolutely necessary. SpaceX has opened the door; now FTC needs to leverage the great opportunity SpaceX has given them to onboard new customer contracts of commensurate size to futureproof its business (and also drive future growth). Historically, lead times on discussions turning into contacts has sometimes taken years (or more). Hopefully horizons are narrowing and years have now become months (at worse). |
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