If only…
Leeds-based Filtronic (Aim: FTC) makes microwave electronic components for the communications and defence industries. Despite only having a small number of customers, things are going well with the rollout of a new product launched last year. The firm is not currently profitable, but losses are falling. And in its latest trading update, it reported first-half revenue of £21.6m, compared with just £4.5m for the same period in the previous year. The shares are up by more than 130% in the last year.
Be glad you didn’t…
Revolymer (Aim: REVO) makes polymers used in consumer goods. It’s been busy making deals this year – selling its nicotine gum business and expanding into the US. It counts Neil Woodford among its major shareholders – his fund owns 34% of the shares. But it seems the market isn’t satisfied with how quickly the loss-making firm is progressing. Since listing in 2012, Revolymer’s shares have fallen by more than 70%. In the last year, they’ve fallen by almost 60%.