Filtronic Share Discussion Threads

[papillon] 12/12/2018 12:32

InvestorDave 25 Oct '18 - 12:12 - 2539 of 2987
0 6 0
A lot of people seem keen to talk the share down today. I wonder why? Either they are short or they want to get in at a lower price. Otherwise why the hell do they post on this board?

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Ouch! Well those who were "short" got it right, Dave and you got it wrong. Perhaps you should have listened to them!

PS. Those who wanted "to get in at a lower price" have definitely got the opportunity to do so today, Dave! :-)

[kemche] 12/12/2018 12:32

chestnuts12 Dec '18 - 08:50 - 2954 of 2987
0 7 0
Next time any one see Teddy Boy on thread sell immediately

[babbler] 12/12/2018 12:12

Seems good support here at 8p. Was in at 11 a while back may get back in again. Over reaction.

[tini5] 12/12/2018 11:15

gr4nts, well said - will look to average down myself.

[waspfactory] 12/12/2018 10:45

"Notwithstanding the antenna business setback, we are pleased with the continuing progress made in developing our critical communications market opportunities and advise that this part of the business is trading in line with expectations. The production ramp of our long-term contracts to the defence and aerospace market is now complete with a steady rate of throughput in line with the customer's requirements. Our success in these ramps has enabled us to secure further contract wins with this lead customer and to penetrate other major players within the defence and aerospace sector. The public safety market continues to see robust market demand as government and quasi-government agencies continue to expand their secure private networks"

[owenski] 12/12/2018 10:25

"Net cash at 30 November 2018 was £2.3m (H1 FY2018: £3.1m). The Board is of the opinion that it has sufficient cash reserves to allow it to operate at this lower level of revenue whilst it explores and executes an alternative strategy for the antenna business."

They mentioned the above, note cash position has gone down. I'd interpret that as they're going to be eating into that cash to keep the business going as currently, it's unprofitable, a crunch time looms if they don't widen product and customer base, easier said than done. This is not a bargain even at these levels, this is an avoid.

[hyper ai] 12/12/2018 10:21

classic SCSW

[owenski] 12/12/2018 10:19

By deramper do you mean people who can read and accurately interpret the situation here. lol

[volsung] 12/12/2018 10:17

When there are so many derampers about it usually signals the bottom

[owenski] 12/12/2018 10:16

They're now loss making on their normal sales - which included the addition of recent mMiMo sales - without those future sales, the outlook here looks dire.

They keep banging on about diversifying the customer base, that means they haven't done it as yet.

Don't be deceived that this is now cheap, they may struggle to have a meaningful business going forward. Without mMiMo, this looks dire.

[tomboyb] 12/12/2018 10:12

Traders in this market are fickle -

Once bought and further weakness tends to be exacerbated -

[fillipe] 12/12/2018 10:09

FTC does look as though the bid/ask will both shortly slip under the 8's.
I've been in/out of FTC for very many past years, but not in there of late.

The cream really came from the relatively recent 5p offer in 2015 and it's over-subscription possibilities.

No doubt another of those will be on the cards of the future.

f

[bazworth] 12/12/2018 09:39

Well I’ve lost what I made from FTC back in about 2003! Thanks for the long term loan! Knickers........

[marmar80] 12/12/2018 09:37

Were they producing 5G wires or antennas?

[chestnuts] 12/12/2018 09:32

Volsung

Head and shoulders pattern , i would agree normaly that it as completed but you also have to look at the news they dont have a 5g product any more it as failed the market test by the sound of things , back to the drawing board

[tini5] 12/12/2018 09:31

Will average down if it drifts into the 7s, otherwise just going to hold. No point in panicking, those are the worst trades you can make.

[tomboyb] 12/12/2018 09:28

Seems to me like a seller in the background -

Wish u guys the best -

[johnv] 12/12/2018 09:24

This you typical technological company glitch, the new products sales haven't come through yet whilst the old products sales dwindle. It's still early days with the 5G.

[volsung] 12/12/2018 09:22

The only reason the derampers are posting so much now is that they want to prey on panicking sellers. There is no point in panicking now. The damage has been done.

[volsung] 12/12/2018 09:20

Well the head and shoulders has been completed. Probably consolidate around here for a while. I’d say 9p by eod