I'm convinced Musk is going to turn out like a James Bond baddie :o) |
SX need authorisation to roll out the entire 30k satellites, That's my understanding though I'm an amateur so I could be wrong but 30k satellites is a massive increase from current numbers... |
Broker needs to tweak this year's forecasts ! |
'SpaceX has plans for 30,000 Gen2 satellites, on top of the 4,400 Gen1 satellites already authorized by the FCC. '
'SpaceX plans on using E-band spectrum to bolster communications between Starlink satellites and the company's ground stations on Earth.' |
For the uninitiated, are their products in the satellites or the receivers or both?
Have not been able to pin it down from their website. |
 Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, telecoms infrastructure and critical communications markets, is pleased to announce the receipt of a follow-on production order from SpaceX.
The order is irrevocable, valued at $9m (£7.1m), and represents a continuation of demand for the E-band solid state power amplifier ("SSPA") modules to support the ongoing deployment of SpaceX's Starlink constellation which provides high-speed, low-latency high-speed internet to users all around the world. It is anticipated the order will be fulfilled in the current financial year.
The order has been placed under the framework of the Strategic Partnership, signed in April 2024, with the vesting of a further 2,171,211 share warrants. Under the terms of the agreement, as disclosed in the announcement on 24 April 2024, the Company issued two separate tranches of warrants with this vesting of warrants being part of tranche 1. Tranche 1 relates to the supply of E-band SSPAs with a total of 8,684,844 share warrants now vested to date, representing 4%, of the maximum 5%, of Company's share capital at the time of the signed agreement. |
Just to let shareholders and prospective investors know that Filtronic will be one of the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel on the MelloMonday webinar on Monday 22nd July 2024, starting at 5pm.
Full Programme:
5:00pm Paul Hill presents ‘Investing in turnarounds’
5:30pm Company presentation from True Royalty
6:10pm Company presentation from Cohort plc
6:40pm Company presentation from AdvancedAdvT plc
7.00pm Company presentation from Time To ACT plc
7:30pm BASH Panel featuring Alan Charlton (SPSY) and Richard Crow (FTC)
Get 50% off your ticket with code MMTADVFN50
More info: |
just to let shareholders and prospective investors know that FILTRONIC will be one of the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel on the MelloMonday webinar tonight from 5pm.
Full Programme:
5:00pm Paul Hill presents ‘Investing in turnarounds’
5:30pm Company presentation from True Royalty
6:10pm Company presentation from Cohort plc
6:40pm Vin Murria presents AdvancedAdvT results
7:00pm Company presentation from Time To ACT plc
7:30pm BASH Panel
Get 50% off your ticket with code MMTADVFN50
More info: |
Hi Mirabeau,I just posted something similar on LSE chat... agreed this is a v positive sign. Gives me a lot of confidence that not only was Robbie already onboard, but that he is willing to increase his holdings at these levels. Looking forward to July 30th! |
It is 'One Bag In A Year'..thanks
Elon Musk’s SpaceX wants to launch rockets 25 times a year from its launch site in Boca Chica, Texas. (Today's Times)
SpaceX Seeks More Experimental Rocket Launches, Aiming for Mars
Company seeks federal approval to conduct up to 25 Starship flights annually, five times higher than what is currently permitted (WSJ) |
OBIAY
I read someone guess 'One Bag In A Year'
I have no idea!!
Cheers |
empoggio, from yesterday -
'Winner of share of the day at the seminar was Filtronic which got the most votes.
I have topped up with a few more adding to the ones I bought a lot lower.
It is high risk as its rating is now very high, it is a question of its SpaceX relationship pays off.
But with contracts with BAE and Qinetic among others you could argue the current high
rating is justified.
Results are on July 30th, be interesting to see market reaction.
Is it underrated or overrated? Place your bets, please.'
--
Robbie Burns knows his stuff so worth following |
I am not subscribed to Naked Trader, and so I do not know if it has mentioned this, but surely this activity is recognition of the potential of Hercules II, which is a plus to future trading aside from those contracts already announced, which have been the boost to share price in recent weeks. |
Bit of a boost from Naked Trader's referencing of FTC yesterday |
Recurring revenue not a big part of the balance sheet right now. They have been doing alot of r and d funded by the customer and successful in receiving grants for upgrades to production capability. The sort of things they manufacture have become more fit and forget, the focus being that its built to be reliable rather than trying to fix it. As sales increase there will prob be a bit more revenue from support type activity.They are also well on the way to being uk Mod "trusted supplier" , if you remember the fuss over Chinese tech Huwai et al. Alot of effort has gone into knowing where components come from etc. filtronic well placed for this. |
empoggio,
I'd suggest that you read the information directly from the Filtronic website. This will give you the knowledge you need straight from the horses mouth! I'd also recommend that you read through the RNS announcements over the last three-four years.
You will no doubt find that Filtronic is a company that has gone through significant and extremely positive change over the last few years.
Cheers |
Does Filtronic have any recurring revenue, such as royalties or maintenance etc., or is their revenue solely based on outright product (current or update) sales? |
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