Flowtech Fluidpower Share Discussion Threads

[lord gnome] 13/10/2014 16:10

I can't see anything other than just the state of the market in this share price farmsted. The last news from the company was good. The forward PE is in single figures and the forward yield is expected to be 6%+. What's not to like?
The market has turned against small caps and AIM stocks and this is getting a kicking on both counts. I reckon this is just another buying opportunity. I have seen a lot of those over the last couple of weeks with so many of the stocks that I hold. I could do without this one - no cash left!

[farmsted] 13/10/2014 13:52

Proceeding as Planned !! this share seems to e going down and down below the intro price. Is now the time t buy or just watch

[lord gnome] 16/9/2014 08:20

Decent enough set of maiden figures. All seems to be proceeding as planned. First divi to be paid in October. Nothing here to frighten the horses.

One pedantic point. Surely opportunities should be evaluated rather than perused? Odd choice of word in the RNS.

[lord gnome] 26/8/2014 15:39

Moving up again. Never did get to buy more. A missed opportunity I think.

[lord gnome] 22/8/2014 17:15

Looking stronger today. Hopefully we will see this move up ahead of next month's interim results.

[alter ego] 06/8/2014 12:53

tipped today by Simon Thompson in the IC

[lord gnome] 05/8/2014 09:13

Zeus latest float, Epwin, looks good. I've bought some as well.

Nice 'bolt-on' acquisition today. Primary Fluid Holdings looks to be a good fit and profitable. Reads as though they have made an old mate rich by bringing him into the fold. More to come I think.

Lots of volume on FLO this morning. Some chunky trades going through at 123.5. lots of other buys going through at 123.88, but the best I can get is 125.38. I wouldn't mind some more

[opodio] 16/7/2014 23:27

like Boo and other zeus floats, zeus never provide support

everything they float sinks

see mysale also

[lord gnome] 16/7/2014 23:18

Any chance of having that again, please opodio? Preferably in English this time.

[opodio] 16/7/2014 23:02

zeus have floated more pap, time to exit

[nickg2] 12/6/2014 13:25

Bit more volume today...

[nickg2] 09/6/2014 10:39

Yes, I watched that over the weekend, very informative on a number of levels.

Glad to see things are on the up!

[fillipe] 06/6/2014 11:35

FLO being appreciated. I thought they would appeal to the IC, as well as me!

Excellent short video



f

[2gekko] 06/6/2014 08:39

Just reading IC article from Simon Thompson, I see the board intend paying a 5p dividend

[nickg2] 05/6/2014 20:53

Write up in IC...

[lord gnome] 05/6/2014 10:32

Greetings all. I've joined you with first purchase this morning at 122p.

[protean] 03/6/2014 10:34

More buying today.

[simon gordon] 21/5/2014 19:34

Edison - 21/5/14:

Flowtech Fluidpower FLO:LN 100p Mkt cap £40m Analyst: Nigel Harrison

Flowtech Fluidpower is a distributor with a strong and unique position in a clearly defined growth sector within the engineering industry. Its outlook was transformed by management changes in 2009 and 2010, and it has a clear strategy for medium-term profits growth. At the placing price, the shares have strong attractions.

Flowtech has established a niche position in the fluid power market in the UK and Benelux. Acting as a super distributor, it is acknowledged across the industry as the only supplier of a comprehensive range of spare parts/components/accessories that is able to respond to urgent customer needs within 24 hours. Of necessity it has high inventory levels, but can secure above-average margins to finance the investment in working capital. Its product range includes branded equipment, generic support items and a growing range of high-quality own-brand goods; Flowtech's customer base largely comprises a wide range of distributors, including small independent operators and the very large distribution chains.

There is a clear strategy for growth, involving extending the product range in hydraulics, raising the share of business with its customers and strengthening its own-brand product portfolio. In addition there are medium-term ambitions to extend the geographical footprint and also to move into the on-site fluid power repair and maintenance business. There is a strong and motivated management team looking to build the group rapidly over the medium term.

The elimination of private equity finance leaves the group with modest 14% pro forma gearing on the basis of December 2013 numbers. However, the balance sheet includes a high goodwill value. We anticipate a reduction in net borrowings on the basis of our estimates for 2014 and 2015.

On the basis of estimated pro forma 2013 figures and the issue price of 100p, the historic diluted P/E ratio of 12.2x represents a 29% discount to the 17.3x average of a selection of generally larger quoted industrial distributors. With EPS estimated to rise at a faster rate over the next two years, the flotation looks attractively price.

[stegrego] 21/5/2014 07:30

Admission to AIM:
· Flowtech's Admission and trading of its Ordinary Shares commences at 08:00am today (21 May) on the AIM market of the London Stock Exchange (TIDM identifier FLO)

· Flowtech has successfully raised £40 million via the Placing of 40,000,000 new ordinary shares with institutional and other investors at a Placing price of 100 pence per ordinary share, capitalizing the business on Admission at £40m

The Flowtech business:
· Flowtech, founded in 1983, is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK and Benelux. It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Own Brand products to c.3,000 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 47,000 individual product lines and is distributed to more than 90,000 industrial Maintenance, Repair and Overhaul end users (MRO). Over 80% of product is stocked and ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering.

· The Group's headquarters and main distribution centre is in Skelmersdale, Lancashire with further centres in the Netherlands and China; in total, the business employs 160 people.

· The management team, led by Sean Fennon who has been with Flowtech since 2009, has overseen significant growth in operating profit in a challenging macro-economic climate.

· Flowtech has established a cash generative financial track record over a number of years. As at 31 December 2013, Flowtech achieved an operating profit of £4.3 million and revenue of £34.3m

[wantage] 25/10/2008 12:57

jimtid,
your racing selections are doing rather better than my share portfolio.Long may you keep it going.I'm thinking of following your selections in a more serious way, and wondered over time whether your track record is as good as it has been recently?
Do you have any selections when you advise increasing stakes?
Keep up the good work.
Wantage

[mudbath] 29/7/2008 18:56

jhigylen,
Thanks for the suggestion.VIY certainly seems a vibrant thread,yet I do feel that I have missed the "recources"bandwaggon.

[jhigylen] 24/7/2008 15:26

CWA1
Yes. Arrived by post today

mudbath

Have a look at Vialogy (VIY).

[cwa1] 24/7/2008 15:23

Anyone had their cash yet?

[mudbath] 24/7/2008 12:23

Agreed eagle eye.Just before you turn off the light; do you have a really excellent recommendation re a potentially remunerative share??(ANYONE??)