 The following is an extract from the ROCKWOOD results that were, I believe, published today:
“Filtronic Plc (IT hardware components based on Radio Frequency technology): In April their trading update significantly upgraded 2024 and 2025 market expectations. This coincided with the SpaceX strategic agreement which resulted in material new orders for the group from the Starlink satellite network and the potential issuance, subject to further orders, of up to 10% of Filtronic equity to SpaceX at 33p. Winning the King's Award for Innovation was quickly followed up by a further positive trading update in June and additional contract awards. July's final results revealed sales up 56%, Ebitda up 277%, and significant cash balances. Clearly a strong position for the new CEO to arrive to and subsequently the decision has been made to move to larger new premises to cope with the bow wave of expected future demand. We commenced buying Filtronic for the strategy in May 2023 at 12p. It closed the period at 67.5p. On current conservative market expectations, the shares were valued on an EV/Ebitda of 15.6x for their financial year 2025, with almost no growth forecast for 2026, at period end.” |
https://x.com/Filtronic/status/1858435038645231941?s=19 |
I wonder if we will get news before the Mello presentation tomorrow. News can't be produced to order but there is always wriggle room with timing and the recent expansion at Sedgefield and Cambridge indicate a business firing on all cylinders |
Great video, many thanks
New contracts, hopefully ‘soon’ is indeed soon. Exciting stuff!!
Cheers |
Not sure if link copied correctly, hopefully YouTube link below works |
New advert ahead of Mello 10th anniversary appearance on Tuesday, be nice for the new contract(s) to follow soon.
hxxps://youtu.be/rFn7tk7LqDI?si=bYgOBrXamI4MK9Nd |
Poster over on LSE board has provided a link to a trailer for a GlobalSpec webinar featuring Ftc. Well worth a look ! |
Gov.uk advanced innovation in defence article, markets opening up |
https://www.linkedin.com/posts/business-weekly-newspaper_aim-quoted-uk-company-filtronic-which-works-activity-7262059854196871168-eCQ5? |
Good spot FIYB, really like CNC too. |
Only just clocked that our new CEO is a non exec at CNC, which is doing very well today. There may be some interesting synergies between the 2 companies |
This company clearly has serious ambitions, but has the market caught onto that as yet, I think not. |
Another step in the right direction.
I wonder when the next set of contracts will be announced i.e. those referred to on the 31st October. Hopefully ‘soon’ is indeed soon!
Cheers |
Filtronic plc (AIM: FTC), the designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure and space markets, is pleased to announce that the Company is adding a new engineering design centre at the Cambridge Science Park.
This new location positions Filtronic in one of the UK's most dynamic technology clusters, reinforcing the Company's commitment to advancing its expertise in Space and Defence communications. Cambridge Science Park will provide Filtronic with access to a vibrant network of key industry players, research institutions, and highly skilled radio frequency ("RF") engineering talent to execute on its growth plans. It enables Filtronic to enhance its technical capabilities, foster collaboration, and accelerate product innovation in high-frequency communications.
It will also enhance Filtronic's ability to support new and existing clients in the region, while providing a base for collaborative projects aimed at pushing the boundaries of RF and mmWave technology in mission-critical applications. |
From 'Andershow08' on another site: |
Looks like we've got a seller to me, someone offloading in 50k chunks earlier expect we'll see more of these delayed trades appear later. |
This is beginning to look like a classic traders chart. |
They are even delaying booking trades of 25k ! |
Classic tree shake . |
SpaceX Pitches NASA on 'Marslink,' a Version of Starlink for the Red Planet
SpaceX's concept is among two other ideas for developing 'next-generation relay services' capable of beaming 4Mbps or more in data across vast stretches of space.
SpaceX is working on a concept version of Starlink for Mars, according to a NASA presentation.
The project was mentioned during Thursday’s meeting of the Mars Exploration Program Analysis Group, which is dedicated to supporting NASA missions to the Red Planet.
In one presentation, NASA staffers talked about the space agency buying commercial services from aerospace companies to help explore Mars, according to SpaceFlight Now. This includes possibly contracting SpaceX, which currently provides its Starlink satellite internet system to over 4 million users on Earth.
Slides from the presentation show that NASA asked commercial providers to submit proposals that explained how their technology could be applied to Mars. In one slide, NASA listed a concept from SpaceX to develop “Marslink,R21; which would be based on Starlink satellite designs.
SpaceX’s concept was among two other ideas about developing “next-generation relay services” capable of beaming 4Mbps or more in data, but across 1.5 astronomical units, or the current distance between Mars and the Sun. This means these satellites would be able to relay data to Earth and other spacecraft across vast stretches of space, likely through Starlink's laser communication system.
The company is proposing using “multiple space satellites placed in Mars orbit to provide full visibility and interoperability for ground and orbital assets,” the presentation says. The Marslink concept also “exceeds”; the requested capability, and can also be used for imaging and monitoring of the planet, the slide added.
The presentation offers a glimpse at how SpaceX views the long-term future of Starlink. CEO Elon Musk has previously said he envisions Starlink beaming communications to spacecraft, and he's been vocal about humanity one day colonizing Mars. (Mars-themed secrets are also hidden in the Starlink hardware, the app, and even the terms of service.)
For now, the NASA presentation merely says: “There are a significant number of companies interested, even beyond the study participants.”
The Mars Exploration Program Analysis Group plans to continue to hold discussions with industry players into next year.
In the meantime, NASA recently achieved a "sustained downlink data rate of 6.25 megabits per second" using a laser system on board a spacecraft that was about 240 million miles away—or a similar distance between Mars and Earth when the two planets are farthest apart. |
Some unusual after close trades... |
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.
The Budget is out, Mello is in! To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Brave Bison, Mortgage Advice Bureau, Aeorema and many more! Tickets are still available: |
There is talk of Trump imposing tariffs on all imports into USA. One might, at first, feel dispirited at this thought. However, with the probability of Elon Musk having a position of responsibility and influence with Trump, is there not a good chance that "Mission critical communications networks" such as those that Filtronic excel in making would be exempted? |
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