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Filtronic

November 2016

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:
  • 10.6p
Filtronic’s AGM heard it has traded strongly in Q1 with sales of £11.7m, up from £2.2m last year, and returning the business to the black with a profit of £1m versus a £2m loss. Net cash was £0.9m.The improved performance is almost all driven by the Wireless side and sales of its ultra-wide band integrated antennas to a tier one customer. To address its single customer concentration, Filtronic Wireless has recently recruited additional experienced senior sales executives in Europe and North America to target opportunities.Panmure forecasts £1.4m pretax profit for the year to end May but given Q1 has recorded £1m already and there’s scope for further contracts from its tier ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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