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FTC Filtronic Plc

70.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Filtronic Plc LSE:FTC London Ordinary Share GB0003362992 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 70.00 28,632 08:00:00
Bid Price Offer Price High Price Low Price Open Price
69.00 71.00 70.00 70.00 70.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 25.76M 3.14M 0.0144 48.61 153.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:26:52 O 1,000 69.15 GBX

Filtronic (FTC) Latest News

Filtronic (FTC) Discussions and Chat

Filtronic Forums and Chat

Date Time Title Posts
10/12/202413:48Filtronic plc6,503
10/6/202111:15F to the I to the L to the T to the R to the O to the N to the I to the C6
25/2/201916:53 *** Filtronic ***40
22/6/200908:00Filtronic to float subsidiary - flying44
20/10/200807:12FILTRONIC - CURRENT OUTLOOK1,439

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Filtronic (FTC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:26:5369.151,000691.50O
10:16:5269.821,432999.84O
10:02:2469.17700484.16O
09:03:3369.2625,00017,315.00O
08:00:2069.00500345.00O

Filtronic (FTC) Top Chat Posts

Top Posts
Posted at 11/12/2024 08:20 by Filtronic Daily Update
Filtronic Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker FTC. The last closing price for Filtronic was 70p.
Filtronic currently has 218,599,377 shares in issue. The market capitalisation of Filtronic is £153,019,564.
Filtronic has a price to earnings ratio (PE ratio) of 48.61.
This morning FTC shares opened at 70p
Posted at 10/12/2024 13:48 by bazworth
Link to the most recent award.

I cannot see this on the FTC website, wonder why?
Posted at 07/11/2024 10:03 by tp6
Starlink is already a bit stretched in places, capacity/speed etc.https://uk.pcmag.com/networking/154779/should-starlink-publicly-disclose-its-total-network-capacity-spacex-says-noMy take is that upgrading ground station hardware was a quick fix to address this short term while figuring out how to beef up the satellite side of things. Ftc are already market leaders in high speed, high frequency, high power, low latency stuff. Bright outlook for ftc..
Posted at 01/11/2024 10:35 by miti 1000
eyeofthetiger ,

An explanation if you please as you seem to have got the technology. Please explain the opportunity in satellites with SpaceEx. I understand FTC's components are being used in all the base stations but I heard the real opportunity is the 10fold of satellites linked to those base stations. If that is the case, are FTC in trials with SpaceEx for this and when are you expecting news on whether they have been successful.

TIA.
Posted at 31/10/2024 08:47 by thetrotsky
I agree. The market appears to be more focused on the fact that H1 is more than likely to be be stronger than H2.

It would appear, based on the market's initial reaction this morning, that the market (and presumably FTC) believes that even if the "advanced discussions" lead to new contract wins they are unlikely to now materially impact H2, as we've only got seven months left of the current financial year. There is also the possibility, new production capacity aside, that H1 results in FY26 might only, at best, flatline in comparison to FY25 unless there are some material new orders to replace the SpaceX retrofit work.

Nevertheless, IMHO the addition of two new production lines in the space of just five months suggests that FTC is confident that some (or all) of these "advanced discussions" will lead to some material new contracts in the near future.

I think it would be good if FTC could lessen its current reliance on SpaceX orders and broaden its key customer base. FTC needs material new orders from customers other than SpaceX to protect itself against the possibility that further orders from SpaceX might be impacted by future events outside its current control.

It's never good business practise to make your business overly reliant on just one customer for longer than is absolutely necessary. SpaceX has opened the door; now FTC needs to leverage the great opportunity SpaceX has given them to onboard new customer contracts of commensurate size to futureproof its business (and also drive future growth). Historically, lead times on discussions turning into contacts has sometimes taken years (or more). Hopefully horizons are narrowing and years have now become months (at worse).
Posted at 31/10/2024 07:48 by eyeofthetiger
This company is going to seriously start moving. Found this in a telegram channel this morning.I think £1 is going to come faster than most think and then who knows where:

- Yesterday RR announces a £1B investment into Aerospace

- A few weeks back, FTC was forced to expand their facility to meet SpaceX demand

- Strong order flow from SpaceX in H1 FY2025 for Starlink per RNS today

- Anyone unfamiliar with 'Starlink'. This is the future of the internet. It is basically high speed internet access from Space. Bezos and Branson are trying to get a piece of that piece via their Kuiper and Virgin Gallatic programs. Musk has a MASSIVE advantage with Starlink as his parent company (SpaceX) has already positioned the most low earth orbit (LEO) sattelites in Space. The other big companies are nowhere near this progress and I believe Starlink services are already being offered to residents in US or Canada. No need to dig and lay underground or overground infrastructure for Internet Service Providers (ISP). A simple antenna on your house or car and you have full speed uninterrupted internet access. No more drop outs on the motorway as you won't be relying on Mobile towers for data. Internet access in third world countries becomes easier. Heck soon you could be on top of Mount Everest and get internet access. This is the future of the internet.

- "To enable this, we added another production line in July 2024, and we expect to add another line in November 2024 to provide further capacity to ensure we can capitalise on other market opportunities as they are presented" (today's RNS) Historically this company was like ARM, look at their MCAP back in the day.

- From todays RNS - "This has enabled us to run multiple projects in parallel including the developments for the European Space Agency, QinetiQ and BAE"

- GaN (Gallium Nitride) V-band chipsets have delivered a very encouraging set of results. Research GaN or just watch this interview with FTC CTO from 2 days ago about GaN. Absolute gamechanger - Be quick because the video keeps getting taken down and going private. This was a podcast a couple of days ago and the CTO will explain the GaN chipset.

- "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"

- UK Investor Magazine sees the huge upside here - hxxps://x.com/UKInvestorMAG/status/1851559512538271886

- If Trump takes office there is no doubt in my mind Elon gets a position in his cabinet to propel green projects and promote his EV and Space projects. He will have a monopoly on this. And guess which little old company on the LSE goes into beast mode?.....yup you got it.

FTC is the best Space play on the LSE and could be one of those rags to riches stories. This is like the Amazon story of the 1990s.
Posted at 09/10/2024 07:37 by scrutable
Eighth
That a transparent Plonk....What twaddle.

How can any attempt at graphic representation of a company's share price performance have nothing to do with fundamentals.......??

There are two unconnected fundamentals contained in every chart. The most important is the reflection of company's usually slow changing strengths and weaknesses (unless there is a fire, CEO death or other insurable risk affected), This curve is smooth because the effect of product improvement and marketing depends all the time on what has gone before ie is incrementally being added to the total past.

The other has little to do with the company and varies sharply with sentiment and is lumpy and relatively unpredictable like hurricanes, election results, bank rate announcements riots and shareholder's buying and selling etc the share price chart "adds" ie entwines these two invisibly to most non mathematician.

The smooth chart is relatively predictable as with Filtronic, strongly long term upwards, strengthened by the company's investments and new product streams. The second is an out and out element of gambling.and needs to be tempered as with insurance by spreading risk.
Posted at 08/10/2024 15:25 by scrutable
I am a chartist and believe that share prices , which look wildly random to normal people, follow a path determined by the sum of two curves. One is the smooth curve reflecting the changing value of the company's total product and competitive position. This is usually an exponential trend, either positive or negative,,because in a company the position ahead depends on current performance, and a second curve which is wildly Zig Zag and depends on events, accidents and political surprises.

On the 30th August the share price hit a 20 year high and broke out upwards from its trading range. It is not surprising that profit taking began and was able to continue for six weeks until recently exhausted until the fall had reached 20p. That was just the 38% amount of the previous rise that Fibonacci predicts.

The news has been too good for that minimum price to have continued downwards. I bought on Friday, convinced of a coming bounce supported by news of the near term expansion and from Space-X and other trading successes.

In my opinion we have been in fairly stable oscillation inside the upward trend channel which began almost exactly a year ago. The probability is that there is no company or trading destruction ahead - only the political risks (US election /Tel Aviv/ Tehran) The Filtronic exponential curve component in the chart looks set to drive the rise to 100p by Jan.
Posted at 03/10/2024 20:15 by bazworth
I’m a little surprised at the share price falling quite as far as it has done.

On the 30th July, following the publication of the results to 31 May 2024, Cavendish published a share price target of 91.9p. Following that, I understand that the target EPS was increased by a further 19% after the most recent contract win that was announced on the 30th August.

Filtronic has also confirmed that new premises will be occupied in early 2025 substantially increasing the capacity.

“This move will double the Company's operational footprint at its main UK site, facilitating a significant expansion in both capability and capacity.” (RNS 6th Sep 24)

The AGM will be held on the 31st October and I hope to see a brief trading update preceding the meeting. My hope is that the trading update will result in further upgrades to forecasts.

I obviously understand that many of the slightly longer-term holders will be selling at the current price having realised a very substantial % profit.

The point I’m clumsily trying to make is that the share price, in my view, is looking very attractive!!

All of course in my opinion and I may well be quite wrong!!

Cheers
Posted at 16/8/2024 17:54 by bazworth
"FTC are also very dependent on Musk. Now, if I were Musk and hell bent on world domination somewhere in my contract or share option with FTC I might have a clause that says “….and you only do work of this nature with me and no other competitor.”

I think that SpaceX need FTC too and struggle to imagine FTC bending quite that far over.....!

I also believe that if exclusivity was / is the case then the RNS would have mentioned it - clearly it would be extremely price sensitive!

Time will tell...!!

Cheers
Posted at 02/8/2024 05:42 by mirabeau
Filtronic (FTC)

I had a 1-on-1 meeting with the CEO and CFO of Filtronic this week following the company’s results (thank you to Walbrook for arranging).

It’s a stock I’ve highlighted here before and is a current holding, and despite the share price rally I feel there is more to come.

Remember, this is a business that was hugely successful in the Dotcom bubble.

cont..............
Filtronic share price data is direct from the London Stock Exchange

Filtronic Frequently Asked Questions (FAQ)

What is the current Filtronic share price?
The current share price of Filtronic is 70p.
How many Filtronic shares are in issue?
Filtronic has 218,599,377 shares in issue.
What is the market cap of Filtronic?
The market capitalisation of Filtronic is GBP 153.02 M.
What is the 1 year trading range for Filtronic share price?
Filtronic has traded in the range of 19.50p to 82.50p during the past year.
What is the PE ratio of Filtronic?
The price to earnings ratio of Filtronic is 48.61.
What is the cash to sales ratio of Filtronic?
The cash to sales ratio of Filtronic is 5.94.
What is the reporting currency for Filtronic?
Filtronic reports financial results in GBP.
What is the latest annual turnover for Filtronic?
The latest annual turnover of Filtronic is GBP 25.76M.
What is the latest annual profit for Filtronic?
The latest annual profit of Filtronic is GBP 3.14M.
What is the registered address of Filtronic?
The registered address for Filtronic is PLEXUS 1 NETPARK, THOMAS WRIGHT WAY, SEDGEFIELD, COUNTY DURHAM, TS21 3FD.
Which industry sector does Filtronic operate in?
Filtronic operates in the ELECTR, OTH ELEC EQ, EX CMP sector.

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