Flutter Entertainment Share Discussion Threads

[conan the trader] 07/9/2006 00:24

I saw a decent write-up on Filtrona in the Telegraph a few days ago, so was is the share price falling for the 6th successive month?

[whatwoman] 05/9/2006 17:10

Typical, as soon as I have bought, the share price plunges.

[volsung] 31/8/2006 14:06

Welcome aboard whatwoman

[whatwoman] 31/8/2006 13:48

Very new to this company, but am bullish and have bought 2000 shares in the last hour.

[volsung] 31/8/2006 10:01

From today's Independent


By Julia Kollewe
Published: 31 August 2006
The plastics and fibre products company Filtrona, which was spun off from Bunzl last year, announced its first licence agreement for a new track-and-trace technology yesterday. It also unveiled a jump in half-year profits, sending its shares up 10 per cent before closing 9p higher at 278p, up 3.4 per cent.

Filtrona's chief executive, Mark Harper, said the new FractureCode security printing technology would make a "meaningful" contribution to profits by 2009, estimating it at 5 per cent. It is a "packed DNA" type code that can be printed on any packaging and provides individual identification, giving companies better control of inventory levels and the ability to track their products easily. Filtrona said it had struck a three-and-a-half-year licence deal with an international consumer goods company whose name it did not reveal.

The news came as Filtrona reported a 9.9 per cent rise in first-half profits before tax to £28.9m, with sales 12 per cent better at £283m.

The group is now supplying the laminates for all UK passports and completed an acquisition earlier in the year to supply identity cards for Corgi-registered gas engineers, which will benefit its figures in the first half of next year.

While Mr Harper expects the underlying strength of the business to come through in the second half and next year, the group highlighted negative effects from the weaker US dollar and higher interest rates. It also needs to reassess its portfolio of assets after one of its main tobacco customers announced it would move some manufacturing out of North America into other parts of the world. "We're not signalling a great restructuring charge, but there will be some drag on growth next year," Mr Harper admitted.

The Plastic Technologies unit contributed £22m of operating profits, up 19 per cent, while profits at the Fibre Technologies division remained level at £14m.

The plastics and fibre products company Filtrona, which was spun off from Bunzl last year, announced its first licence agreement for a new track-and-trace technology yesterday. It also unveiled a jump in half-year profits, sending its shares up 10 per cent before closing 9p higher at 278p, up 3.4 per cent.

Filtrona's chief executive, Mark Harper, said the new FractureCode security printing technology would make a "meaningful" contribution to profits by 2009, estimating it at 5 per cent. It is a "packed DNA" type code that can be printed on any packaging and provides individual identification, giving companies better control of inventory levels and the ability to track their products easily. Filtrona said it had struck a three-and-a-half-year licence deal with an international consumer goods company whose name it did not reveal.

The news came as Filtrona reported a 9.9 per cent rise in first-half profits before tax to £28.9m, with sales 12 per cent better at £283m.
The group is now supplying the laminates for all UK passports and completed an acquisition earlier in the year to supply identity cards for Corgi-registered gas engineers, which will benefit its figures in the first half of next year.

While Mr Harper expects the underlying strength of the business to come through in the second half and next year, the group highlighted negative effects from the weaker US dollar and higher interest rates. It also needs to reassess its portfolio of assets after one of its main tobacco customers announced it would move some manufacturing out of North America into other parts of the world. "We're not signalling a great restructuring charge, but there will be some drag on growth next year," Mr Harper admitted.

The Plastic Technologies unit contributed £22m of operating profits, up 19 per cent, while profits at the Fibre Technologies division remained level at £14m.
Also in

[volsung] 30/8/2006 17:01

It would be nice if this went up to 340 again soon. I would spend the money on back issues of Fiesta and Knave. Very difficult to find these now you know. Some of the happiest times of my life were spent perusing those two publications.

[volsung] 30/8/2006 14:44

Well hello boys!!!

[zulu001] 29/9/2005 10:47

Filtrona was upgraded to 'buy' from 'hold' at UBS today.

UBS sees upside potential to its forecasts.

[zulu001] 06/6/2005 09:39

Off to a flying start - up 8%. May be a good buy when those that don't want to hold them have sold out, in a week or two perhaps.