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? |
This one contract announcement is to a similar value as annual turnover was a few short years ago!
Absolutely astonishing
Fantastic performance from all concerned |
£16.8m nothing to Musk, pocket money.......surely he will make a move. |
This is an excellent RNS on many fronts |
Might catch a few shorters out this… |
Superb. They were just toying with the doubters. |
FTC's become almost indispensable to SX. I don't reckon it'll last the year as an independent company |
Fantastic! |
Oh yes........
10 February 2025
Filtronic plc
Further Contract Win with SpaceX
Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, is pleased to announce a significant new contract win with SpaceX valued at $20.9m (£16.8m), to be fulfilled in both FY2025 and FY2026.
Consequently, the Board is now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026.
Nat Edington, Chief Executive Officer, commented: "We are delighted to have secured this substantial order, which underscores Filtronic's reputation for delivering high-performance RF solutions to our market leading customer. This contract, alongside our growing momentum in strategic markets, provides us with increased confidence in our ability to exceed our growth targets for FY2025 and FY2026". |
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