Shares digital

Filtronic (FTC) – Interims PTP: £4.1m (£5.6m) Divi: n/a (n/a)

The latest stage of the West Yorkshire firm's restructuring should take place on 29 February, with the sale of its specialty semiconductor unit to America's RF Micro Devices (RFMD:NDQ) for £12.5 million in cash.

Filtronic has already sold off its US defence and wireless arms, as well as some property and, even after a top-up of its pension fund, analysts estimate the firm will have a net cash pile of £100 million.

Chairman John Poulter has already announced plans for the payment of a special dividend by the end of May, pending court approval.

Shares says: The special dividend should be worth waiting for and the cash pile underpins a £132 million market cap.

by: Russ Mould