FTC is a world leader in the design and manufacture of customised radio frequency components and subsystems with eight principal operations: Filtronic Comtek, Components, Broadband, Solid State, Filtronic LK, Sage Laboratories Inc, Filtronic Compound Semiconductors, Sigtek…
Share Price Movements: Worse than our Cookie’s monkey
…2300 in March, 750 in July, 1400 beg. Of Sept., 860 Nov., 350 beg. Of Dec., 460 end of Dec., 390 Jan. the 10th, 490 Jan. the 19th, 377 Jan. the 26th……
SHARE OF THE YEAR Recommendation by City Confidential at 390…”We believe that the company is very well positioned to capitalise on the huge investment in third generation cellular technology which is set to be made by mobile network operators worldwide over the next two to five years. Filtronic’s solid relationships with these operators and leading handset manufacturers means that the company should become a very significant player in this market over the medium term. Whilst the semiconductor factory in County Durham is proving to be a short term drain on resources, this operation has huge potential in the future to manufacture components for Filtronic’s products as well as for third party manufacturers.
Although the shares are friendless at the moment, we think they could be standing substantially higher in two years’ time as investors’ attention focuses on the roll out of third generation mobiles. The purchase of £1m of shares in the company by chairman Professor David Rhodes at above the current price is a clear demonstration of his confidence in the future and we therefore rate the shares our 2001 Share of the Year.”
Tipped for the top in 2001 - Observer
'The fourth selection, from last year's winner John Hatherly of M&G,
is also a technology stock. He has plumped for Filtronic which, he
says, has 'a fantastic position in mobile infrastructure' and stands
on a prospective p/e of under 10 times for 2003 if all goes to plan.
There are risks - its financial position is stretched and it may not
manage to implement its strategy - but the potential rewards are
high.'
http://www.investorschronicle.co.uk...l&Issue=latest&ArticleID=14641&ID=Template1A: "..........telecoms components manufacturer Filtronic – has fallen below the loose buying targets that I set in June. My target for Filtronic was 700p. Its shares now trade at 412p, so, superficially, you might think that they are a steal. Trouble is, when I set those targets City analysts were expecting about 20p of earnings from Filtronic in the current year. Now forecasts are down to below 12p following fears that Filtronic was losing orders to supply components for mobile handsets; fears that Filtronic's management hasn't wholly put at rest. So Filtronic's shares are still rated just above the 35 times price/earnings ratio that guided my buying target in the first place."
And finally todays Sunday Telegraph says: A risky punt and strictly for the brave.
Since last week of December the share price has gone up and down twice gaining and losing around 100p each time…that’s caused by the interim results coming closer and closer (tomorrow)…making investors more and more nervous.. are they going to finally get some respite? Are they going to meet City demands for a refinancing, partnership or sale at the troubled Newton Aycliffe compound semiconductors plant in County Durham, which is losing £1m a month or are the margins on mobile handsets are more squeezed? Is the core wireless infrastructure business which growing at 30 per cent as thought?
Any positive answer to one or more of those questions together with a positive news about Newton Aycliffe can see the price flying…
Last week’s sharp decline saw the price breaking the strong 390 support on which it gained 100 recently..next support level is 350 which is year low..at 377.5 the price is not far from the year low…
Last week’s fall caused the price touch the lower BB leaving 10 and 26 Day MA sround the 20 day MA which is well over 400..previously the price has jumped up on each such occasion except for the big fall of around 500 in November…narrowed down BBs look like about to widen up…both Stochastics approaching 20 line where they bounced up on last 2 occassions…MACD histogram shows a possible rise comparing the last 3 curves…
Over all FCT is worth to watch closely tomorrow with a view of recovery BUY…we need positive or not worse than expected results tomorrow…If it’s not marked up first thing in the morning, I’d also look for a bottom to be formed…
rizgar (Riz for trade room users.. )
[Edited by rizgar on 28-01-2001 at 02:37 PM]
Share Price Movements: Worse than our Cookie’s monkey
…2300 in March, 750 in July, 1400 beg. Of Sept., 860 Nov., 350 beg. Of Dec., 460 end of Dec., 390 Jan. the 10th, 490 Jan. the 19th, 377 Jan. the 26th……SHARE OF THE YEAR Recommendation by City Confidential at 390…”We believe that the company is very well positioned to capitalise on the huge investment in third generation cellular technology which is set to be made by mobile network operators worldwide over the next two to five years. Filtronic’s solid relationships with these operators and leading handset manufacturers means that the company should become a very significant player in this market over the medium term. Whilst the semiconductor factory in County Durham is proving to be a short term drain on resources, this operation has huge potential in the future to manufacture components for Filtronic’s products as well as for third party manufacturers.
Although the shares are friendless at the moment, we think they could be standing substantially higher in two years’ time as investors’ attention focuses on the roll out of third generation mobiles. The purchase of £1m of shares in the company by chairman Professor David Rhodes at above the current price is a clear demonstration of his confidence in the future and we therefore rate the shares our 2001 Share of the Year.”
Tipped for the top in 2001 - Observer
'The fourth selection, from last year's winner John Hatherly of M&G,
is also a technology stock. He has plumped for Filtronic which, he
says, has 'a fantastic position in mobile infrastructure' and stands
on a prospective p/e of under 10 times for 2003 if all goes to plan.
There are risks - its financial position is stretched and it may not
manage to implement its strategy - but the potential rewards are
high.'
http://www.investorschronicle.co.uk...l&Issue=latest&ArticleID=14641&ID=Template1A: "..........telecoms components manufacturer Filtronic – has fallen below the loose buying targets that I set in June. My target for Filtronic was 700p. Its shares now trade at 412p, so, superficially, you might think that they are a steal. Trouble is, when I set those targets City analysts were expecting about 20p of earnings from Filtronic in the current year. Now forecasts are down to below 12p following fears that Filtronic was losing orders to supply components for mobile handsets; fears that Filtronic's management hasn't wholly put at rest. So Filtronic's shares are still rated just above the 35 times price/earnings ratio that guided my buying target in the first place."
And finally todays Sunday Telegraph says: A risky punt and strictly for the brave.
Since last week of December the share price has gone up and down twice gaining and losing around 100p each time…that’s caused by the interim results coming closer and closer (tomorrow)…making investors more and more nervous.. are they going to finally get some respite? Are they going to meet City demands for a refinancing, partnership or sale at the troubled Newton Aycliffe compound semiconductors plant in County Durham, which is losing £1m a month or are the margins on mobile handsets are more squeezed? Is the core wireless infrastructure business which growing at 30 per cent as thought?
Any positive answer to one or more of those questions together with a positive news about Newton Aycliffe can see the price flying…
Last week’s sharp decline saw the price breaking the strong 390 support on which it gained 100 recently..next support level is 350 which is year low..at 377.5 the price is not far from the year low…
Last week’s fall caused the price touch the lower BB leaving 10 and 26 Day MA sround the 20 day MA which is well over 400..previously the price has jumped up on each such occasion except for the big fall of around 500 in November…narrowed down BBs look like about to widen up…both Stochastics approaching 20 line where they bounced up on last 2 occassions…MACD histogram shows a possible rise comparing the last 3 curves…
Over all FCT is worth to watch closely tomorrow with a view of recovery BUY…we need positive or not worse than expected results tomorrow…If it’s not marked up first thing in the morning, I’d also look for a bottom to be formed…
rizgar (Riz for trade room users..
)[Edited by rizgar on 28-01-2001 at 02:37 PM]
