IC - 13/2/25:
Renishaw, Filtronic & British American Tobacco: The Companies and Markets Show
9:24 Filtronic |
https://www.edisongroup.com/research/expansion-into-space-drives-profitability/BM-1127/ |
CNC announce today they are getting a US OTC listing. As Nat is on the CNC board, if it adds value I'd expect FTC to follow suit |
https://www.linkedin.com/posts/filtronic_madeinthenortheast-innovation-manufacturing-activity-7295437845089902594-1Yr-? |
 Filtronic are focused on the need to broaden their customer base. This is an excerpt from the chairman's statement dated 30/7/2024...
"I am pleased to report that the year ended 31 May 2024 has been one of significant progress. We have successfully capitalised on the momentum built in prior years in bringing to market our core technology projects and enhanced market focus. This culminated in the business securing a strategic partnership with SpaceX in addition to numerous contract wins with key target clients including BAE, QinetiQ and the European Space Agency , and our opportunity pipeline continues to grow across our core markets.
These achievements have given us an excellent platform to deliver long-term sustainable growth and is a major step forward in the execution, and de-risking, of our wider strategy. To that end, we will not lose sight of the need to focus developing business opportunities in our core and adjacent markets. Expanding and diversifying our customer base remains key to growth and resilience planning." |
Sorry, was responding to post before yours. |
Alphabig, for the sake of clarity, I did mean in addition to all existing clients.
Cheers |
Why wouldn't they deliver the spacex contract(s). After all spacex must be happy as they keep coming back for more. |
Hopefully the extended leadership team will increase the number of clients / customers: |
I agree with Foetus - Filtronic now have to do two things. First, absolutely must deliver the SpaceX contract. If they fail to deliver they’ll be toast. Second, they must secure a broader client base. Too many eggs in the SpaceX basket. Classic problem for any business - get really busy and then take foot off the gas for business development. |
https://www.sqcresearch.com/post/filtronic-yet-further-spacex-orders-continue-to-drive-this-group-broker-upgrades-2025-and-2026-ye |
One of the issues of being on AIM market, many II's are not allowed to invest in AIM companies.
In article above I draw your attention to RR backed 3D printing 'Rapid Fusion' not listed but could be in future. |
Cavendish has upgraded due to another contract from SpaceX. The 2024-25 pre-tax profit estimate has been raised from £11.5m to £11.9m, while the 2025-26 figure has been edged up from £8m to £8.3m. This £16.8m order is part of the framework agreement to supply technology for the Starlink Low Earth Orbit satellite network. There had already been upgrades in December and January. The share price is 12.1% higher at 104p. The share price has risen by more than one-third during 2025. |
Upgrade in Dec, upgrade in Jan, upgrade for next 2 years today. Each should be worth 30-40% on share price Contract of £16m announced today and broker increases forecasts by £4m for next 2 years.It is absurdHowever, there is a client concentration risk. FTC really could do with securing another LEO partner. If it does that, share price should double imo. |
Just highlights how broken the London market is at this moment in time. Stellar announcement this morning and dare I say a muted reaction. |
https://x.com/Filtronic/status/1888901429558948039?s=19 |
Not so long ago, FTC was doing half a dozen trades a week. |
Are there any broker updates |
We are a long way from a few short years ago when we'd get 2 or 3 contracts worth £200k announced each year. Now announcing deals nearly 100x bigger. share price has catching up to do! |
Great news here ✅ |
todays stand out rns
space x |
BBD - I suspect he has too many distractions at the moment to worry about pocket change :-) |
A nice rns in many fonts would be interesting if a trifle annoying. Comic sans? |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
