The continual drip, drip of companies being taken over or delisted from the London Stock Exchange, and the lack of a pipeline to replace them, is making it increasingly challenging to find exciting, undervalued opportunities there. That means it’s even more critical for investors to act quickly and with conviction when opportunities arise.
Filtronic (Aim: FTC) is one such opportunity. It is a UK-based designer and manufacturer of high-performance radio-frequency microwave and millimetre-wave components and subsystems for the aerospace industry. Over the past decade, it has carved out a world-leading niche in this corner of the market, and today it’s reaping the benefits.
Filtronic’s change in fortune
Historically, Filtronic’s three main areas of activity have been mobile telecommunications infrastructure, defence and aerospace, and public safety. Orders from these sectors provided a steady stream of revenue, but the firm…
