Filtronic Share Discussion Threads

[bazworth] 26/10/2023 07:14

Positive trading update ahead of the AGM later today.

Looking good!

Cheers

[soilderboy] 20/10/2023 18:01

Are you serious that you have these since 1990. If so, I hope it's just 100 quid worth.

[wisecat2] 18/10/2023 17:14

No he meant Holding the Broom for several years

[slicethepie] 18/10/2023 13:15

Surely you meant to say "sweeping the car park" as opposed to "holding the shares"

[estienne] 18/10/2023 13:03

What change in the progress of the company do you mean? I've been holding shares in it since 1990 and the only change has been for the worse.

[wisecat2] 17/10/2023 22:55

Don't be hard on Estienne, I just found out the folks in the science park call him Trigger because of how many times he has changed his broom head.

[53cockers] 17/10/2023 20:54

Aim mkt down 48pct ftc a top performer I would love to hear estinenne thoughts He clearly does not understand the change in this companies progress

[53cockers] 17/10/2023 20:50

Watch these share rocket upwards massive volume today sellers I guess taken out

[estienne] 13/10/2023 14:29

its the usual jam tomorrow story. The only people who think it worth reporting are the directors and their muppets on this site

[bazworth] 12/10/2023 22:23

Very well spotted Finimps!

Onwards & upwards, hopefully the share price will follow....!!

[finimps] 12/10/2023 19:20

New article on Filtronic website suggests 2 new contract wins. Only worth £0.3m initially but follow on business expected next year.

[bazworth] 06/10/2023 11:19

Should be a short financial update later this month ahead of the AGM

[finimps] 06/10/2023 11:17

Yes, and a Director buy yesterday

[bazworth] 06/10/2023 11:12

So the Newland family have increased by about 2 million shares, now that's confidence!!

[finimps] 02/10/2023 13:10

hxxps://filtronic.com/news-events/news/filtronic-wins-the-innovative-supplier-collaboration-award-by-leonardo/

[wisecat2] 28/9/2023 14:44

DP. The website has had a major upgrade over the months and now it's in great shape. Well done who ever was in charge

[donald pond] 28/9/2023 09:06

FTC LinkedIn worth following. They seem to be everywhere. We don't know if it translates into sales or profits but it is much more active and professional than 2-3 years ago

[finimps] 22/9/2023 12:22

Davwal, you make fair points...based on the last set of results. However, my investment in this company is for the long term, and it appears to me that the outlook for Filtronic is improving rapidly. New contracts are coming in thick and fast and I believe the next set of results will show a very different picture. I continue to hold, and in fact will buy more in the near future.

[davwal] 22/9/2023 11:13

As a potential holder, I'm quite impressed, but I feel the PE is now way too high, even assuming reasonable growth. That will get ironed out eventually, because investor expectations become too great and anything less than regular updates verging on the bleeding miraculous get heavily punished. That adjustment, when it comes could prove expensive to later entrants.

[estienne] 21/9/2023 18:25

Shame the markets aren't impressed

[zipstuck] 21/9/2023 12:35

Well they seem to be hitting their near term targets
Thumbs up from

From Final results




Achievements

There have been several notable achievements over the last year which set the potential for sustainable growth and future revenues, some of which are as follows:

-- Our first development of an E-band SSPA module for the market leader in LEO space communications.

-- Secured production orders and enabled the launch of the Morpheus X2 E-band transceiver that more than doubles the transmission range of current 5G backhaul radio links.

-- Taking advantage of new semiconductor process IP we launched a series of prototype chip developments in CY2023 with promising results

-- We secured our second and third DSTL programmes in FY2023 and continued to build our relationship as a supplier of turnkey RF solutions to the UK MoD.

-- Focusing on our filter design expertise we secured orders in EW, air and shipborne radar, battlefield communications and emerging quantum computing applications.

-- Secured three separate programmes for custom high-performance E-band transceivers in private network applications associated with private data communications and high-frequency trading platforms.

Outlook

We operate in a period of economic and geopolitical uncertainty, but one in which our technology is in demand, and the expertise we offer is in short supply. Our strategic markets are well positioned for growth and our lead customers continue to invest in next generation RF solutions. The disruption to semiconductor supply chains that impacted our business in FY2023 are improving, and we feel that we now have the resources and skills necessary to look forward with optimism to the new trading period.

Filtronic's core markets represent industry verticals that have a robust outlook and align well with the needs of the post-pandemic world. Public safety, mobile communications, a sovereign defence capability and the rapid development of LEO space networks, are well funded sectors that resonate with governments, investors, and the public at large.

Business plans for FY2024 reflect our confidence in the markets we serve to deliver long term sustainable growth. We have an open and honest culture that is proactive and highly motivated to deliver excellence in all aspects of our business. We will further develop our prospects over the next 12 months with a focus on the following activities:

-- Maximise the opportunity associated with the fast-growing LEO Space backhaul communications market, including both ground station and payload applications.

-- Development of next generation MMIC designs that will enable us to continue the evolution of our mobile telecom backhaul solutions.

-- Develop our scalable Cerus power amplifier platform to maximise the range of power options at selected frequency bands required for LEO space communication links.

-- Champion the UK Government National Semiconductor Strategy and position Filtronic as a trusted sovereign supplier of advanced RF packaging solutions.

-- Develop our manufacturing capability to add plastic encapsulated devices to our portfolio of hybrids and SiP solutions.

-- Selectively target funding from agencies and UK Government initiatives that support and underpin the delivery of the Filtronic technology roadmap.

-- Continued investment in our marketing activities including enhanced web content and strategic use of social media platforms for targeted marketing.

-- Strengthen the sales organisation with the deployment of direct sales and business development resource in the UK and Western Europe and expand indirect channels in the USA and Europe through distribution and representative networks.

-- Consolidate the return on the investment in capital equipment by winning outsourced assembly and test ("OSAT") opportunities with customers who require specialist hybrid and plastic QFN packaging capability.

-- Continue to align our business processes and equip our facilities to achieve the accreditation necessary to undertake a higher level of UK defence programmes.

I am pleased with the progress that the business has made in the last financial year and remain excited by the potential that exists at Filtronic. There is an increasing demand for our high-performance products and unique RF design capabilities, and based on our investments in FY2023, I believe we are building the IP portfolio, resources, and expertise necessary to scale the business. The specific market segments that we have identified for growth continue to develop at pace and as we embark on a new financial year, I believe we are well placed to deliver long term shareholder value.

[estienne] 21/9/2023 12:06

Its still relatively small and there aren't that many base stations with E-Band

[bazworth] 21/9/2023 09:06

The new contract is expected to be delivered this current financial year too. Should be a cracker of a year given this contract, the others recently announced as well as the recovery within the other sectors.

We may see a brief trading update on the 26th October re the first few months of fy23/24

Cheers