Versarien: is this £1.95 million of revenue or yet another Government grant? Clarification Needed ASAP
No reason to sell Union Jack shares prior to completion of the West Newton side track drill...in fact
Filtronic (FTC), “designer and manufacturer of products for the critical communications, wireless telecoms and defence & aerospace markets”, is “pleased to provide” an update which includes “trading broadly in line against the same period to date of the prior financial year”. The shares have currently responded to 8.25p, approaching 14% lower. Hmmm...
CEO resignation news from communications markets products designer and manufacturer Filtronic (FTC), with the outgoing Rob Smith commenting including “having seen the company through a difficult past year and into clearer waters, I believe now is the time for me to seek fresh opportunities”. Hmmm…
Filtronic (FTC) “is pleased to provide the following trading update for the financial year ended 31 May 2019… Trading during the second half of the year was broadly in line with market guidance”… Hmmm; “broadly in line” tends to equate to ‘slightly behind’ – but a current sub 8p share price after an approaching 15% fall?...
Filtronic (FTC) has updated including “demand for the recently introduced Massive MIMO (‘mMIMO’) antennas is now expected to be substantially lower than we had forecast in the second half of FY2019”. This follows an October AGM statement including “overall market endorsement of the benefits of mMIMO is apparent… Our mMIMO programme is strategically significant and successful market acceptance of this product will be material in defining our near-term development”. Uh oh then…
An AGM statement from designer and manufacturer of products for the wireless telecoms and critical communications markets, Filtronic (FTC) is one the company “is pleased to provide” and includes “trading so far in the first half of FY2019 has been in line with our expectations” and “we are confident that our position overall continues to strengthen and our outlook remains positive”… so why are the shares currently circa 18% lower on the day, at around 17.5p?
Previously writing on “designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market”, Filtronic (FTC) at the start of this month, I questioned “Contract win” announcement meriting a c. 30% share price rise?, to circa 13p. The company has now announced results for its year ended 31st May 2018…
Having previously been sceptical on Filtronic (FTC) – including from March 2015 at circa 14p – I note the shares currently approaching 30% higher today - at circa 13p, capitalising the company at around £27 million - on the back of a “Contract win” announcement…
Microwave electronics products for communications markets-focused Filtronic (FTC) has updated on trading including performance “broadly in line with our expectations” and “we are pleased with order intake and new contract wins in both businesses during the period, which support our strategic development goals”. So why are the shares currently circa 8% lower towards 10p?...
Electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) is “pleased to provide” a trading update for its year ended 31st May 2017 – and the shares has responded slightly higher towards 13p...
Shares in electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) are currently the highest risers of the day. This on the back of a “Trading Update” announcement…
Electronics products for the wireless telecoms infrastructure and adjacent markets-focused Filtronic (FTC) has released a “Trading Update” announcement emphasising “a strong sequential second half (to 31st May 2016) performance” and helping the shares up currently approaching 7.5%, to 10.875p, in response. Let’s take a look…
It goes from bad to worse for Filtronic plc (FTC) – with the shares, already down from more than 80p less than two years ago, today falling a further near 20%, to a current circa 14p, on an announcement that “it is now clear to the board that the revenues from Wireless in the latter months of the second half will not build up as quickly as expected”, that “the board is investigating a number of measures to strengthen the balance sheet with permanent capital” and that CFO “Rob Smith… has replaced Alan Needle as CEO with immediate effect”. The following reviews…
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