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FLOW Flowgroup

0.0145
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Flowgroup LSE:FLOW London Ordinary Share GB00B19H7076 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0145 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Flowgroup Plc Share Discussion Threads

Showing 4201 to 4221 of 5375 messages
Chat Pages: Latest  179  178  177  176  175  174  173  172  171  170  169  168  Older
DateSubjectAuthorDiscuss
08/2/2017
17:56
kooba states............Surely enough to get some traction on the flow boiler on Europe...where extensive tests by one of the largest European utilities have already been conducted to great success.


Just one thing kooba. I have previously stated the test by one of "largest European utilities was such a great success that Flow didn't sell any of the boilers to them. Why would you consider this a great success? Personally I think this boiler has had enough money pumped into it. Stiff IMO is just trying to keep his cash flow coming in. No doubt if this company finally does collapse he can ride off into the sunset and into his next great venture. He can spin a good yarn though as I have found out to my cost!

1fox1
08/2/2017
17:32
ThxI note they were valuing energy business on basis of net £225 per connection...that would equate to £60m. While that might be toppy in current environment one could certainly see £150 per connection £40m.If that transaction could be achieved would leave company extremely well financed with cash in business of 14p a share.Surely enough to get some traction on the flow boiler on Europe...where extensive tests by one of the largest European utilities have already been conducted to great success.Be interesting on company comment on latest government pronouncement.
kooba
08/2/2017
16:55
New research just released from Equity development

www.equitydevelopment.co.uk/edreader/?d=%3D%3DgM2IjM

brummy_git
08/2/2017
16:29
That's it for me here now. Shame been a long term holder & probably kept the faith too long. Not willing to sit & watch ALL my remaining cash in this one recede any further while directors continue to take huge salaries.

Taken a hit on this one but not had one for a long time so guess I was due one. Good luck if you're still holding, I genuinely hope this turns around for you.

CM

cheaky monkey
08/2/2017
16:20
I'm with flow energy so no doubt a price rise later this year:( Pity because their service is good and user friendly.

Paul Scott's comment seems sensible but the board want to keep their salaries going as long as possible presumably and who's going to stop them.

paleje
08/2/2017
16:16
Agreed.However they still need to address $ based cost issues though....but since Jabil has put in a heavy investment in the manufacturing facility there may be some renegotiation possible.It would also be a very good wide spread test bed for their European customers to observe as part of trials and if they do licence abroad then Jabil would head list of companies for manufacturing duties?
kooba
08/2/2017
15:59
The more I look at the RNS from flow the more I think they were not aware of the governments response coming out on the same day in which case I would expect to see another RNS along the lines of "Flow notes the Governments response to the consultation and it will make no difference to us!"
grandwood
08/2/2017
15:19
Was it this response from government that drove the RNS from Flow?



Both FLow and Jabil are included in the list of 77 respondents to the consultation. This document was also apparently released today so did Flow have some sort of heads up it was on its way in order to draft their RNS before market open? Or were they unaware of it and the two coming out on the same day is just a (laughable) coincidence?

"Government has considered the evidence provided by industry during the consultation, which demonstrated significant investment in the sector and progress made in terms of bringing a commercialised product to the market [who might that be?]. Government has therefore decided that the proposed £1m spending cap for mCHP may significantly stifle future investment, reduce investor confidence and prevent the cost reductions needed in order for mCHP to deploy at scale [obviously!]. However, maintaining the original cap of 30,000 units would exceed the amount of underspend that is currently available (costing up to £18.6m) and breach the £100m limit, which would impose unacceptable additional costs to bill payers.[....]Government has therefore decided to support up to £9.8m of mCHP by setting a 20MW cap. This level of spend will support the total deployment projections we received from industry but will also ensure that total spend remains within the overall £100m budget for the scheme. Government considers that this volume of support balances the respective needs of the mCHP industry with the need to achieve value for money to bill payers. A cap based on capacity instead of units will ensure that mCHP is aligned with other technologies in the scheme and ensures better cost control."

This apparantly equates to just under 4k units a quarter for the next year with any installs accredited through MCS prior to the start of April excluded from the cap.

grandwood
08/2/2017
14:32
Big companies like British gas etc would never allowed such boiler. I made snall profit around 20 pence and gotbot luckily. Good luck guys
piotrslab
08/2/2017
14:26
Paul Scott's view on his Stockopedia site. Couldn't agree more. Thank you Paul if your'e reading this.


Flowgroup (LON:FLOW) - lots of detail in this update, all of which combines to make me even more convinced that this share is a dead loss. Its innovative boiler, which seems to be solving a non-existent problem, is now not considered economically viable in the UK, due to low feed-in tariffs. So they're going to instead try to crack the European market. This might entail disposal of its energy supply business, or a Placing. Sounds like they're flogging a dead horse. I'd be pushing to maximise shareholder value, not squander the cash on pursuing new markets.

1fox1
08/2/2017
12:56
The specifications for the boiler have been around for some time and also there are boilers fitted so actual performance data should be also be available. If the boiler is providing major cost savings then I would expected major companies to be interested and boiler installation companies to be getting involved.

As stated before producing, selling and supporting a product, even a good one, needs a good management team with a coherent plan. IMO I do not see this. While I like to see management being rewarded for success, there seems to be a trend that shareholders are paying ftsee250 salaries to small cap people.

Made some money on these a while back, still have a very small holding @ around 6p

nearlythere
08/2/2017
12:12
game over man
larva
08/2/2017
11:51
I am buying at this level; the energy business (270k customers) has to be worth at least double the current market cap. And if they're clever, one of the big six will snap this up and keep it as a separate entity...bit like HSBC and FD....
grandwood
08/2/2017
11:41
1fox1 - sure, point taken. But sales take effort and resource and follow up, together with a bunch of supply chain/support/commercial backing, they don't just happen if you have a good product. If the focus to date had been on the UK, I can quite imagine it would have been hard to gain traction in Europe. Anyway, this is largely about the energy business now, there is significant value here vs the boiler.
courant
08/2/2017
11:15
Tony the ceo has his straw in this ones bank account

Sucking 500k out of it annually. Slurpy Slurpy, that noise when you getting to the bottom of the drink

larva
08/2/2017
11:07
Is this kaput?...
diku
08/2/2017
10:56
I totally agree courant

I am happy with this course of action

moorsie2
08/2/2017
10:45
Interesting announcement, which doesn't tell me anything I think I didn't already know, other than the active intent to sell the energy business. This outcome of the strategic review makes absolute sense: my investment case here was always that the energy business justified the valuation and some, with the CHT boiler in for free. Splitting this business, now that the UK sales route has vanished, is ideal. My reckoning is that the energy business is worth somewhere between £30-50m, at a market cap of £17m and with net cash of £5.8m, albeit with a lossmaking business attached, this appears to be significantly mispriced. Risks are that a sale doesn't go through, the boiler business doesn't take off, and this significantly erodes the value of the company.
courant
08/2/2017
09:08
Think they had a $ based manufacturing agreement with Jabil....if there was a positive result from FiT negotiations then it is not impossible that things could be renegotiated as some costs are obviously £ based.Any European progress would most likely result in a licensing agreement and separate manufacturing arrangements by the licensee. I view this as positive as TS is very much a energy supply man and has built up that division....to sacrifice that to push on with the boiler shows confidence that the boiler will gain traction imho and the upside from that scenario is greater than energy supply.Question is what price Flow energy....can't imagine an industry transaction much less than £150 a connection...also takes one of the more successful competitors out too.
kooba
08/2/2017
08:22
Don't misunderstand me - I was making a general point that it is worrying and disappointing that a UK emerging technology company sees its future more suited to manufacturing and developing and selling its product in mainland Europe than the UK. Not a good example for the "new economy" that is emerging
moorsie2
08/2/2017
08:14
It's not a "Brexit impact directly": saying they are worse off as a manufacturing exporter as a result of a lower exchange rate can only mean they are having to import most items. Should have thought out their location/hedging to accommodate/mitigate exchange rate risks.
edmondj
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