Flowgroup Plc Share Discussion Threads

[paleje] 29/4/2016 07:59

PBT -17m was less than Equity Development's estimated -20m, net cash higher. Customer numbers rising faster than expected, outlook improving. Stiff's remuneration might be a grumble but it doesn't affect the overall story.

[hopefulalways] 29/4/2016 07:50

opodio
I think that you need to do your maths again.
If you average the figures it is less than £1m per month burn with £18.8 m at the bank.

[staverly] 29/4/2016 07:46

Opodio ... Allow me to add the word "again" at the end of your above post.

These results are typical of Stiff's glossy disemblance, what really would bother me if I was stupid enough to be holding is: "We initially started installing boilers in mid 2015. However, on 4 June 2015 the European Court of Justice ruled that the UK's reduced 5% rate of VAT on energy-saving products was in breach of EU laws." My clear understanding from speaking to well placed sources in the company, was that no boilers were ever fitted on commercial terms during 2015.

As Orpodio has alluded to already, one must wonder what bonus the remuneration committee will decide on for Mr Tony Stiff. If it's more than a pound (assuming his basic salary is not materially different) then anyone holding should take note. DYOR

[moorsie2] 29/4/2016 07:39

The prospects look good but the remuneration is too high for such losses

The remuneration should be more biased to share options based on performance

Lets see...

[opodio] 29/4/2016 07:35

Operating loss of £17.1m



tony stiff the stiffmeister still taking a £500k salary despite rising losses


It dont look like enough cash to last a year at this burn rate,

cash prob down to £10m and burning £1.5m each month, gonna go bang by month 6 which is October imho


next acounts willhave to be qualifed by auditors imho

[richj5000] 29/4/2016 07:31

Looks pretty positive to me. This could be very big imo!

[kooba] 29/4/2016 07:31

Excellent all round.Daikon world leading partner expanding the straight to market range...and revenue with a marketing angle of 180,000 energy customers and growing fastBoiler is progressing and production ramp ready.Highly exciting times on all of fronts.Flow is going to be a major disruptive player in household energy supply...very soon!

[opodio] 29/4/2016 07:15

Operating loss of £17.1m



tony stiff the stiffmeister still taking a £500k salary despite rising losses


It dont look like enough cash to last a year at this burn rate,

cash prob down to £10m and burning £1.5m each month, gonna go bang by month 6 which is October imho


next acounts willhave to be qualifed by auditors imho

[opodio] 29/4/2016 07:10

Operating loss of £17.1m



tony stiff the stiffmeister still taking a £500k salary despite rising losses


It dont look like enough cash to last a year at this burn rate,

cash prob down to £10m and burning £1.5m each month, gonna go bang by month 6 which is October imho


next acounts willhave to be qualifed by auditors imho

[paleje] 28/4/2016 15:25

Lol, sorry Moorsie, that's even more of a mugs game, I'll wait till morning. We've recovered mostly from last week's unexplained selling anyway so that's encouraging.

[moorsie2] 28/4/2016 14:37

paleje - I was saying predict the results not share price action..

[bogotatrader] 28/4/2016 14:36

Popped up nicely ahead of results

[paleje] 27/4/2016 17:32

Mugs game trying to predict share price reaction on results day Moorsie, but I bet we'll be nearer 30 than 20 within a week, assuming no major market disruption. I'm not saying how long for:)

[moorsie2] 27/4/2016 15:34

ok time for predictions for Friday's results announcements

Who wants to start....

[bogotatrader] 27/4/2016 12:26

Looks like getting ready for next move up ahead of the results and further news. Gap to fill to 30p

[paleje] 25/4/2016 11:57

IC had a small mention in their morning summary today:-

Flowgroup (FLOW) has this morning announced its intention to roll out its electricity generating boilers in Italy. The company has signed a letter of intent with Trillary Srl, part of an Italian heating consortium, to trial the Flow boiler in the country – the third largest boiler market in Europe. The share price is up 5 per cent in early trading and we maintain our buy rating.

[kooba] 25/4/2016 07:08

Having said that they haven't exactly moved quickly over here!

[kooba] 25/4/2016 07:07

Ah bellissima ..Further market opportunity ...but won't hold my breath not sure things happen that quickly in Italy!

[paleje] 24/4/2016 15:12

We take our energy from them and they're the best so far, honest plain speak, simple to use and I'm saving money, not surprised their customer numbers are increasing ahead of plan. The boilers are the cream though, confirmation on the VAT issue will be helpful even though it's almost being assumed, and strong forward outlook with the results and last weeks unexplained drop will be history.

Recently watched Cardfactory, Pondland and Sportsdirect all savaged pre results, all to bounce back strongly within days. It's almost the norm, I added on Friday.

[meganxmas] 24/4/2016 11:54

Have a look at the number of energy customers on any sensible valuation metric and will see your answer. Flow boiler is the increase in valuationfrom here

[18bt] 21/4/2016 17:57

We're all on the other thread .....

[fangorn2] 20/4/2016 21:14

Mid 2016 is June surely?

We're April - nowhere near past Mid 2016!

[cautious7] 20/4/2016 20:59

Hi

Well, we are past mid 2016 and looks as though the die hard gave up on this thread.

A free educational tip, just read back through the thread, especially the very, very optimistic posts

LOL

Regards

C7