Appointment of new COO
hxxps://filtronic.com/news-events/news/new_cco_filtronic/ |
So much opportunity for Filtronic to target |
Some nice opportunity areas for growth for Filtronic here specific to RF tech |
Re the previous RNS about advanced discussions, I asked the Company and was told the following last week;
‘We have numerous exciting opportunities, some of which are at an advanced stage of discussion, but the sales cycle in markets such as aerospace and defence and “old space” can be relatively long. We would hope to have converted some of them by now, but it is quite standard in these markets for discussions to drag along unfortunately.’;
Hopefully not far away… |
I like the phrase "sovereign capability".All the press coverage of china's antics is useful as well. Trusted technology is at the core of ftc.. |
Wants to have a stab at the September high by the looks of it. |
Very strong share price action for FTC in a very weak UK stock market. Looking promising. From a technical/charts perspective, it looks like a break out above 80p could see a swift move to £1.
Also, does anyone have any views on when the new contracts (referred to at the AGM) could be announced. This was from the AGM statement:
"We are in advanced discussions for some further contracts in the space and aerospace and defence market which we hope to provide updates on soon, and have enjoyed some smaller development contract wins in recent months. Of particular note are a couple of contract wins in the space market utilising our recent investment in plastic encapsulation machinery. Encouraged to purchase by our lead defence customer for sovereign capability, we are now seeing wider interest in the technology offering throughout our core markets."
Based on this, one would assume that the contracts are material, given an intention to update shareholders.
Thanks, Trendz |
Thanks taffy24
Filtronic has been working with the European Space Agency, I wonder if we will see a contract or three?!! No ramping intended but simple curiosity!
Today however has been a good one!
Cheers |
EU launches €10bn space programme to rival Musk’s Starlink |
Having some knowledge as to how these things work, analyst wise, and noting the phrase about pull forward of orders, the estimates for subsequent years won't be bumped up until the company hints that the pulled forward orders for 25/26 have been covered by further wins to cover what might now be a production gap in that year. Also, as an analyst it is better to keep an upgrade later in the financial year up your sleeve rather than putting it all in the shop window right now. Finally, those of us who have followed FTC for long enough have seen these boom-bust cycles on several occasions (although it was for different product suites). |
Agree with last 2 posts. Cavendish PBT 25E £9.6M 26E £7.9M ?????? 🤔 Clown town! |
Management probably telling cavendish not to get carried away on forecasts - but it does become a bit misleading if they intentionally hold forecasts down - if they can get kit actually onto the satellites and retrofit 2025 could be massive |
Crazy that Cavendish have lifted 25 PBT forecast from 7.7m to 9.6m, but left 26 unchanged. I'm wondering in what world does bemand for FTC products accelerate hugely for 3 years and then stop? It feels more like we are on the cusp, and I wouldn't be surprised if FTC had a key role in very sensitive defence niches. |
FTC ooks so cheap if you look forward. Most UK investors don't of course, and therein lies the opportunity. |
Fantastic! |
Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, is pleased to provide the following trading update ahead of reporting its interim results for the six months ended 30 November 2024.
The Group expects to report a strong set of results for the period with significant growth in revenue and profits. Customer demand remains robust with the second half benefitting from pull-forward of customer orders. Consequently, the Board now expects to deliver stronger results for the full year than current market expectations. |
Watched Bond film "Die another day" yesterday.
Certain Musk element there! |
Interesting! |
SpaceX falcon 9 Rocket : launches 22 Starlink satellites.. |
Related news
SpaceX valued at $350bn as company agrees to buy shares from employees
Company and investors to buy up to $1.25bn of stock at $185 a share, up from $112 a few months ago |
NYC is York |
Oh, North Yorkshire? |
I think you have got wrong end of the stick, when I said moving in NY to their new UK premises, which is why no news, concentrating on moving and setting up... |
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