Updates

Filtronic - Trading ahead of market expectations

July 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.

Filtronic said Q4 was strong and it expects sales for the year ended May to be up 135% to £35m with profits ahead of market expectations. Within the mix, outperformance is driven by the Filtronic Wireless bit, which supplies antenna products. Broker Panmure expects that the proportion of the sales uplift dropping through to earnings is going to be 39%-40%. The broker forecasts eps of 0.4p for the year ended, trebling to 1.2p this year to drop the PE to 10. I am a buyer ahead of results on 1 August. ...

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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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