Nice turnaround today. Could be the start of the next leg up. Although there's a lot of excitement around LEO and Elon, FTC are far from a one trick pony and with governments everywhere ramping up defence spending we've got a huge market to grow into. |
Couple of successful star link rocket launches last week. |
https://entrepreneursforum.net/news/member-news/industry-event-set-to-help-businesses-launch-into-space/ |
Don't see this as a P&D - been following FTC since 2016 and they actually produce some very solid kit and are a tightly run outfit.
Not to say I haven't been a victim of many P&D efforts over the years..... |
Point of fact, He is not a shareholder yet and 10% does not give him any rights. This is a race to get domination of space and money will not be a constraint all imo dyor |
That's a good point about Musk. |
The problem with the bid theory is that Musk is sat there as a big customer and shareholder and he is quite a greedy chappie, so any deal probably needs his approval and he might just want the technology all to himself. So he can control FTC without actually having to buy it. |
P&DLearn from your mistakes |
In for the long haul. This one's a buyout at some point. Must admit I'd have thought that QinetiQ would have snapped them up by now. |
Surf the wave until it plunges - The skill is timing and judging correctly when to exit to avoid a wipeout - Thoughts on timing? |
Thing is with any stock that has a whiff of Elon Musk about it (albeit warrants for a 10% stake at this stage) tends to interest the red blooded Musk followers stateside. Who can say where that kind of meme following might take FTC. |
This ones off to the moon... |
It is 'peaky' but I know one thing, if the stock pulls back by degrees it'll get bought with some vigour |
Must admit I sold a pile today, keeping a good lot though. Very difficult to call but looks a bit peaky. |
Profit taking, evidently and obviously to anyone who's been in the markets for any length of time |
Too much possibly too quickly??
Results mid Jun will hopefully make the valuation a little more realistic in that they should re-affirm some excellent forward looking statements.
Cheers |
Uncrossing trade at 71p gives completely false picture of the closing price. No doubt will open 5p lower tomorrow ! |
Are you sure that you are on the right board, Denholm ? |
Back down to single figures. Risk offloaded to retail mugs. Reminds me of the time BlackRock took a stake in Safestyle. It went bust shortly thereafter. P&D classic.Shame for those how got spiked. |
A very successful space x launch |
At the start of the year I thought 30p on contract news and a bid around 50/60p was likely. Now I think we can treble both of those targets and if progress continues and the company executes perfectly double them again next year |
She's off again |
Yep, offers end to end solution, has invested heavily in manufacturing setup as well as all the IP and r &d experience. Inexpensive "bolt on" acquisition for someone.... |
https://www.linkedin.com/posts/filtronic_ew-space-sme-activity-7204136068244221952-LX-1?utm_source=share&utm_medium=member_android |
 Filtronic Plc
Filtronic is the market leader in high-performance mmWave technologies for the aerospace, defence, space and telecoms infrastructure markets. It designs and manufactures Radio Frequency (RF) components and subsystems for mission-critical communication networks. Its clients depend on the Company’s ability to deliver high-performance RF solutions that solve challenging technical requirements, accelerate market entry, reduce development costs, and provide a significant competitive advantage. The Company’s sub-embedded system products are critical to a range of challenging applications including 5G telecommunications infrastructure deployment, aerospace and defence electronic warfare, Low Earth Orbit (LEO) space infrastructure, and critical communications.
Importantly, it has been able to capitalise on several positive sectoral trends and has benefitted from growing European defence budgets. The UK is now budgeting £3.2bn for defence (2.3% GDP) with commitments to increased spending on electronic warfare, jet radar systems and space communications all falling into Filtronic’s TAM. Closely linked to budgets, is a growing desire for sovereign capability in the defence supply chain driven by geopolitical instability. Filtronic’s secure UK facilities with full defence accreditation is a significant benefit for many of its customers.
The Company ended 2023 in the enviable position of serving the market leader in each of its four target markets, has invested to strengthen its sales capabilities, and continues to deliver on its technology roadmap. Importantly, the Company is well aligned with the UK Government’s investment priorities, and that of governments more generally. Since December 2023 the Company has announced a slew of contracts totalling £34.9m, including agreements with leaders in LEO and major UK defence primes.
Its most recent achievement is a Strategic Agreement with SpaceX to supply its Starlink constellation and a long-term partnership with SpaceX in the LEO space market. This includes an initial irrevocable purchase order of £15.8m and scope for SpaceX to establish a 10% stake in the Company. FY2024 revenue will now be marginally ahead of expectations and EBITDA will be significantly ahead. Both revenue and EBITDA for FY2025 are expected to be significantly ahead of previous market expectations.
The Company has been at the forefront of RF communications for over 45 years and currently operates from three global manufacturing sites, with two engineering centres of excellence covering the full RF spectrum. Filtronic’s product range and wider technology capabilities are supported by secure IP, in-house knowledge, and an extensive patent portfolio. Its vision is to innovate and push the boundaries of what Is possible with RF, Microwave and mmWave communication, delivering transformative wireless solutions through design and manufacture leadership, connecting everyone everywhere.
The momentum built through 23/24 is the product of a strategy that targets long-term sustainable financial growth and focuses on strategic re-investment in the business. Filtronic operates in a highly specialised corner of the market, and is unique in its ability to design, develop, and manufacture turn-key solutions to the highest standards and can ramp production quickly to meet demand. It remains committed to building and developing an organisation that can develop technology roadmaps, undertake customer developments and service the opportunity pipeline. |
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