Updates

Filtronic - Panmure sets 29p target

January 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ahead of reporting on 20 January, Filtronic said revenues in H1 were £21.6m, up four-fold from £4.5m. Therefore the H1 17 performance eclipses the £13.6m generated in the whole of FY16.The growth was driven by Wireless sales of its ultra-wide band integrated antennas to its tier 1 customer, which ballooned from £1.9m to £18.7m.Broadband revenues were £2.9m versus £2.6m. Filtronic has recently secured a supply agreement with a major defence/aerospace manufacturer. This is effectively a tolling contract (the raw materials will be supplied by the customer) and will generate £13m of sales over the eight year contract. Given the automated nature of manufacturing it should have high g ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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