Flowgroup Plc Share Discussion Threads

[jscowi] 29/9/2015 14:41

Paul the Octopus: What has been shelved? could you point me to what you are referring to??

[paul the octopus] 29/9/2015 13:21

Blah blah, and what did the annual report says about the CEO basic salary, £500k+ and another as bonus, for doing what exactly?shelving 3yr+ of investments because of the VAT thing, surely that wasn't the flaw in their plans.can he payback his salary and bonus till he proves it works in 2016/17/18...? Or till the company makes real net profit, not just advertised revenues while ending with net losses.

[blah blah] 29/9/2015 12:00

Why don't you look at the annual report instead - she earned less than £100k in total comp last year, broadly the same as the prior year. Not sure where the £200k figure comes from but it looks wrong. I do accept however that you had a reasonable source for your statement and that, assuming the £200k number is a mistake then it is just that and not an attempt on your part to mislead.

[paul the octopus] 29/9/2015 11:29

Blah blah, here you gohttp://markets.ft.com/data/equities/tearsheet/directors?s=FLOW:LSEClare Spottiswoode, Non-Executive Chairman of the Board, 200.00k GBPAnthony StiffGroup, Chief Executive Officer, Managing Director- Flow Energy, Executive Director 1.08m GBPhappy now? shall I do the math for you?200,000 / 12 = £16,666/month1,080,000 / 12 = £90,000/month

[jscowi] 29/9/2015 10:53

I was disappointed to read the combi has been put to the back of the shelf and launch will be “sometime̶1; 2017. “Therefore, the timing for release of the Combination boiler will be determined and announced in 2016”.

I recapped to the RNS to see what the fund raise was earmarked for:
-- Accelerating development of the combination boiler to increase the addressable market in the UK from current 400,000 to 1.7m units per year and provide early entry into European markets
-- Reducing supply chain costs and upgrading systems to reduce production costs
-- Expanding existing sales team to turn installers into resellers
-- Upgrading systems and processes to enable management of a wider range of UK boiler installers
-- Developing integrated smart home connectivity - to be included in the combination boiler from outset
-- Exploiting intellectual property through licensing

We are now are skipping past the main reason for the raise and getting on with the rest of the list, it seems the raise was simply for ongoing concerns. To use the VAT hike as an excuse for the delay in volume launch if the boiler is nothing but shameful, how stupid do they think we are? I really feel duped with the last placing and now view the management with great scepticism, I really felt FLOW was different prior to the last placing.

The Equity Development note reckons £13m cash in the bank as at Dec 2015, with this cash burn a further fund raise is going to be likely. This uncertainty is going to keep a lid on the share price for a long time I feel. A small buy by a non exec is not going to do anything for the share price

I do hope they get their act together as the story is still compelling but lets keep the news real and no more lies.

[blah blah] 29/9/2015 09:51

Look again - non executive director buy and not her first and so much more relevant next to her salary. Was that a mistake or deliberate misinformation on your part?

[paul the octopus] 29/9/2015 09:35

wow, a director buy of £15k, not even a month salary. they got no case here and every attempt to prop up the share price will do more harm, better focus on delivering net profit

[grandwood] 28/9/2015 20:06

Had a trailing buy running since begin sept....executed first thing today just short of 11p as share price spiked up. Will have to wait and see if good move but I think long term this is good bet at current share price and looking for some more positive news short term.

[blah blah] 28/9/2015 13:40

Look at the Equity Development note on the link above. Expectation of a major deal here soon.

[paul the octopus] 28/9/2015 09:18

Here is why 5p is coming"The delay in volume launch obviously affects our sales projections for this year, as previously announced.  Temporarily suspending the supply chain, although beneficial in terms of reducing risk, will also affect the ongoing availability of stock.  We therefore anticipate that sales will recommence in Q1 2016.   While our CE certification for the production line still stands, due to the changes we have made to the product design the Flow boiler itself will need to be reassessed for CE certification.  We would expect to be re-certified before the end of 2015.  Since we have made more improvements to both the product and the manufacturing process, we will also need to reapply for MCS accreditation and expect this to be granted in Q1 2016 so the feed in tariff element can be obtained." Revenue up 27% to £20.275m (H1 2014: £15.991m)Operating loss of £6.944m (H1 2014: £4.712m loss)Cash in hand at 24 September 2015 of £22.269mSuccessful equity fundraise raised £21.3m (net) to accelerate development of combination boilerTo sum this up, Everything they achieved over last couple of years has no value, the got to redo everything, design, cost, certification, supply chain....Rev up, loss more more up = bust, which would have been the case by now if they didn't do the fund raise, which is were extremely lucky with the timing.5p is destiny here.

[brummy_git] 28/9/2015 09:01

New research from Equity Development

hxxp://www.equitydevelopment.co.uk/doc/1404.pdf

[johnwise] 28/9/2015 08:42

What price will the Flow Boiler be ? Would need to see the publics reaction with the sales figures in 2016


Progressing, with Jabil and supply chain, on unit cost reductions and on improving boiler efficiency

o Flow Brand Ambassador - installer network, systems and processes further developed for boiler roll out

o Relaunch of the Flow boiler expected in Q1 2016

[smith99] 28/9/2015 08:31

The more they sell the more money they lose. Hmmm are they paying too much for their ceo and board

[paul the octopus] 21/9/2015 15:57

so at 5p how much his salary be in multiples of mcap?

[david77] 18/9/2015 17:17

"Totally unjustified" - the salary or the market cap?

[greenday] 18/9/2015 16:51

The cost in board salaries related to the performance of these shares cannot be justified. The CEO salary alone will soon be worth more than the entire shares, can't be right!

[greenday] 18/9/2015 16:49

The CEO and board yearly salary will soon be worth more than the value of the shares !!! Totally unjustified

[paul the octopus] 18/9/2015 12:52

now at single digit, let's see a year low of 5p after seeing a year hi of 50p

[paul the octopus] 18/9/2015 12:51

here it comes, arms and legs open for 5ppppp

[paul the octopus] 11/9/2015 12:11

from 50p year high to 5p year low, just the zero gets dropped for -95% impact

[paul the octopus] 09/9/2015 10:38

clearly the CEO will get punished for the way he announced the VAT rns, it was written to spread the fear and knock the share price after they got away with the placing, and no matter how much he will buy trying to prop the ailing sp, it won't help8p please mm

[uppompeii] 03/9/2015 13:46

Can't disagree greenday. I did very well on this but now its way too risky for me.

[greenday] 03/9/2015 13:25

The proposed change to walk away from the ongoing feed tariff for new solar panel installations, highlights how risky investments can be that are indirectly linked to feeble weak short term (vote winning)government government polices.

You can't help believe that once a decision is made regarding solar,other feed in tariff's will follow suit quite quickly.

I accept that this is outside the control of the FLOW board, but deep down I also feel they are getting what they deserve. just that this time they are the one's being stitched up like a kipper.

Ether way i indicated many months ago, sadly the game was up for the small investor with respect to FLOW, the future risk surrounding the feed in tariff is just another huge warning, that should not be ignored.

DYOR

[uppompeii] 03/9/2015 11:10

Bit unfortunate for an Octopus...