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Filtronic - Huge opportunity for poweramps likely to open up in 2004

August 2003

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 (160p): Shortly after results for the year to 31 May were announced, we had a very enjoyable lunch with founder and chairman, Professor David Rhodes, and finance director, John Samuel. Our feeling as we came away was that if you hold these shares for long enough  you are almost certain to make money - a lot of it.In line with the guidance given in May, sales for the  year declined 14% to £241.3m as Filtronic experienced a reduction on its two core business areas of wireless infrastructure and cellular handsets. Operating profit was £11m and with the absence of the huge impairment charges and a reduction in interest payments, pretax profit was £3.8m versus the £25.5m loss reported the year before. Net intere ...

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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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