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Filtronic

March 2018

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.

  • Epic Code:
  • FTC
  • Price:
  • 10.25p
Latest H1 results at Filtronic were impacted by two things. First, the impending move of mobile technology to 5G standards has had a pincer effect on Filtronic’s sales of its antennas, as its main tier 1 OEM in the US stopped ordering. Then its broadband business, which had received two large multi year defence orders for transmit receive modules last September, was also impacted through no fault of its own due to third party component issues. As it was, latest H1 results to end November showed sales down from £21.6m to £12.8m. In a business where there is a high drop through, Filtronic did well to maintain any profitability at all, with an adjusted operating profit of £0.9m down from £1.8m.  Duri ...

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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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