Flowtech Fluidpower Share Discussion Threads

[camerongd53] 01/5/2024 19:43

I would have hoped anybody wanting to buy Flotech would have made a move by now for the downing shares
I was hopeful that there would be a bid, but that is looking more remote now

[fillipe] 24/4/2024 16:10

boadicea
24 Apr '24 - 15:48 - 864 of 864

Agreed!

f

[boadicea] 24/4/2024 15:48

One wouldn't expect the share price to increase by 40% over a month without good reason. While the reults provided some optimistic noises (when don't they!) this is virtually the only share I hold where the FLOw of optimism has not ebbed beyong recall within days under current market conditions unless backed by hard figures.

So my odds on conclusion has to be that something is afoot.

[red ninja] 24/4/2024 14:45

This board has already speculated that, but in reality hard to say for sure without a bid RNS.

[camerongd53] 24/4/2024 14:16

Very strong Sp over the last month or so
Wonder if there is a takeover or bid in the offing?

[red ninja] 13/4/2024 08:41

Debt came down £1.7 million in last annual results.

However, fair to say tough economic environment and some mistakes by previous management mean this is now a recovery Hope with new management team and updated strategy.

Some also see this being a possible takeover target.

[arthur_lame_stocks] 12/4/2024 11:11

But what is so good about FLO? Despite the large adjusted profit they declare every year, they've made absolutely no dent in that net debt for as long as I've followed them. What about the cashflow?

[fillipe] 12/4/2024 09:56

Another nice daily up-tick today and with both the bid/ask at/above the 100p marker.
Looking good at FLO.

f

[jellypbean] 11/4/2024 20:43

Beginning of the rise coincided with the wind down of Downing micro strategic being blocked.

Thoughts?

hxxps://www.morningstar.co.uk/uk/news/AN_1712161896305451400/downing-strategic-wind-down-blocked-by-new-shareholder-milkwood.aspx

[red ninja] 09/4/2024 12:39

The new CEO seems a capable guy and there are sounds of more business confidence so by the medium turn I would hope for a recovery.

DYOR

Alternatively we might see a takeover attempt

[fillipe] 09/4/2024 09:14

Some regular decent daily up-ticks on FLO recently.

f

[red ninja] 05/4/2024 11:16

So is it rumours/hopes of a takeover or hopes of the new management turning the company around that's boosting the share price ?

[pugugly] 26/3/2024 07:45

Operating loss (after separately disclosed items) £(10.4)m

Very very slowly appear to be turning business around - Hopefully the last kitchen sinking.

[red ninja] 15/2/2024 21:38

Viper,
On 18th December they announced their holding was around 0.6% lower.

I suspect they would like to find buyer for remaining stake rather than sell in market if they can.

[value viper] 15/2/2024 18:36

Have u / we seen any RNS re. Downing reducing ? I had heard this also but suspect they indeed would wish / want to place their stake with an institution as you suggest Red.Would result in dire price / prints if they drip drip sold their holding - the shares of course are illiquid and tightly held

[red ninja] 15/2/2024 17:09

Well I'd hope that FLO won't get taken over on the cheap.

Downing Strategic Micro. Cap I.T. are closing down and are already selling down their holdings so any fund or potential acquirer has an easy route there to obtain a stake.

[camerongd53] 15/2/2024 15:04

I was thinking that myself, with the share price not going anywhere recently, that FLO like most ompanies on the UK stock excchange, could becocme a cheap and tasty morcel for US or EU predator

[value viper] 15/2/2024 09:20

Diploma rumoured potentially acquirer FLO probably needs some further internal tidying up prior

[red ninja] 02/2/2024 15:41

The market seems to be pleased that FLO kept to underlying profit expectations :-

"The Board is pleased to report that the underlying profit* for the year ended 31 December 2023 is expected to be in line with market expectations."

I'm hoping Mike England and his team can make some good process over the next few years.

Topped up in the price range 77 - 82p.

I'm hoping that over the medium term with inflation/rates coming down and the FLO team working hard this can be a £1.50 -£2.0 share in line with some financial analysts expectations.

Time will tell if that realistic. I'm a holder. I'm often wrong. DYOR

[cerrito] 30/1/2024 15:28

I see that the ever optimistic Liberum maintain their buy and TP of 150p

[cerrito] 30/1/2024 08:36

Too bad they did not tell us their reading of market profit expectations for 2023.
Given the quality of the people,I have confidence in their self help but at this time do not see myself buying more.

[red ninja] 15/12/2023 17:02

The funds have hopes for this one.

Maybe they'll give us a trading update around 26th of Jan like last year.

[fillipe] 15/12/2023 15:26

A decent number of trades today .... and moving upwards.

f