Maybe investors are concerned about tax changes by the white rabbit on 30th October, she needs to pull £20bn out her hat..day before AGM..
Looks oversold to me... |
 I’m a little surprised at the share price falling quite as far as it has done.
On the 30th July, following the publication of the results to 31 May 2024, Cavendish published a share price target of 91.9p. Following that, I understand that the target EPS was increased by a further 19% after the most recent contract win that was announced on the 30th August.
Filtronic has also confirmed that new premises will be occupied in early 2025 substantially increasing the capacity.
“This move will double the Company's operational footprint at its main UK site, facilitating a significant expansion in both capability and capacity.” (RNS 6th Sep 24)
The AGM will be held on the 31st October and I hope to see a brief trading update preceding the meeting. My hope is that the trading update will result in further upgrades to forecasts.
I obviously understand that many of the slightly longer-term holders will be selling at the current price having realised a very substantial % profit.
The point I’m clumsily trying to make is that the share price, in my view, is looking very attractive!!
All of course in my opinion and I may well be quite wrong!!
Cheers |
Just to let shareholders and prospective investors know that Filtronic will be presenting & exhibiting at Mello's 10 year anniversary show on Tuesday 19th November 2024 9am - 7pm.
We have created a two day investor conference that will include 12 top quality keynote speakers, 8 educational workshops and panel sessions, 40 exhibiting companies plus over 60 company presentations for investors to evaluate and understand their current or future investments. Tickets are still available: |
beeezzz, “a new beginning”.
Reckon you’re spot on!
Cheers |
Cheers, Glen |
Ah, sorry. You can find it on the FTC web site under Investors/Financial reports and presentations (hxxps://filtronic.com/investors/financial-reports-presentations/). The CEO's review starts on page 9. |
Looks like some profit taking, maybe Musk snub by Labour woke idiots spooked some, when you consider this has flatlined for nearly 16 years, you can understand patience running out....However, they could be missing out on a new beginning..
Link not working for AR....404 |
https://x.com/Filtronic/status/1839636323851813193?s=19 |
The Annual Report published yesterday, and particularly the CEO's review, are extremely positive for the future.
Happy to continue holding for the long term. |
74t - In fairness the article was about a profitable company that he thought was undervalued, obviously there are shortcomings from a listing on AIM, one being many funds are not allowed to invest in...
You may see this here where valuation does not reflect the success of the company..
I suppose the answer is, move to the mainmarket...# |
I'm quite excited to know that the premises that are being occupied in early 2025 are twice the size of the existing premises. This financial year we should see a turnover in excess of £40m that will mostly have been achieved in the current, far smaller, facilities.
I wonder what the financial year ending May 26 (i.e. the next financial year) will produce? I cannot imagine that Filtronic are taking on a far bigger set of buildings without reasonable confidence of making them productive.
Cheers |
It will be interesting to see if they've managed to pick up any contracts from European Microwave Week in Paris this week. |
Perhaps, after this conference snub, he'll just buy the whole thing and ship it off to Brownsville. Bazinga! No more British involvement. |
Many thanks Gandalf
I think we have a long way to go!!
Cheers |
Shares Magazine
www.sharesmagazine.co.uk/article/communications-kit-designer-filtronic-receives-boost-from-spacex |
Is there something out there we don't know about or is it just the UK diss? |
There are serious concerns about AIM as a functioning market |
Just wondering.....
Would it be possible please to have an upwards 'whooooosh' as opposed to a 'donwards-dribble'?!!
Just asking, it's all nonsense I know!
Cheers |
“Annual General Meeting
The Annual General Meeting will take place at 11am on 31 October 2024 at Plexus building, Thomas Wright Way, Netpark, Sedgefield, County Durham, TS21 3FD.”
There is likely to be a brief trading update too.
Cheers |
Should get notification of AGM soon... |
https://emsfuture.com/filtronic-opens-a-new-state-of-the-art-head-office-and-manufacturing-site/ |
BAZ - Thanks for info, see what news get in October... |
Possibly of little importance but the website has seen an overhaul.... |
Thanks for sharing that bazworth. The more I look into Filtronic, the more I like it. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
