Flowgroup Plc Share Discussion Threads

[sooty snipes] 08/5/2017 12:31

Yes you're right there. Reading not only this one but other threads Stiff and co are not to be trusted. Far too many investors have been well and truly shafted. Various misleading RNS statements made that have never come to fruition. Some investors are questioning if this game changing boiler that Mr Stiff goes on about actually exits at all. One thing is for sure Stiff has remained silent as the share price declines lower and lower. Strange for one that likes the sound of his own voice.

[kemche] 08/5/2017 12:17

The company could conceivably be valued at 10p per share but the market is rightfully factoring in Stiff at -7p.

[chrisdgb] 08/5/2017 12:07

You would hope so, I guess given the past, people want proof..!!

[cyberbub] 08/5/2017 08:21

Am I missing something or is the market cap here now rather ridiculous at less than 10M?Seems to me that if they sell the energy business for even a few million, if they make any sort of successful entry to Europe then it should be a multi bagger?

[sooty snipes] 06/5/2017 18:23

Old news mate. Do keep up

[noirua] 06/5/2017 15:58

FLOW were at 145p a share in 2007, lest we forget, and since then have suffered a catastrophic collapse to just over 3p a share. Many may think no sale will be realised and a placing would follow. Probably over negative on announcements below in February and March.


Major Shareholders - Updated 13th January 2017:
Aviva PLC - 19.69%
Jabil Circuit Netherlands B.V. - 8.14%
Hargreave Hale - 4.99%
Octopus Investments - 3.29%

February 2017:
Therefore, Flowgroup is refocusing its microCHP business on full entry into the European market "as soon as practicable", with 1,000 boilers to be rolled out in pilot projects in France, Germany, Italy and Belgium.
Flowgroup said following a strategic review it concluded it is not an "optimum time" to consider selling its microCHP business.
However, it added that it has received indicative approaches for the Flow Energy arm which could fund the microCHP business to commercialisation of the technology in Europe.
"As a result, the board has concluded that the disposal of Flow Energy is something that it should actively pursue.
Any disposal of the Flow Energy business would be conditional on shareholder approval," said Flowgroup.
Flowgroup added that if it does not dispose of Flow Energy "in the coming months", it will consider other funding options including a share placing or selling a strategic stake in the Flow Energy or microCHP businesses.


21st March 2017:
The company announces that it has selected a preferred bidder and has entered into an exclusivity agreement with this party.
Whilst there can be no guarantee that the sale of Flow Energy Ltd will complete with this party, or that the sale of Flow Energy Ltd will complete at all. Any disposal would be conditional on shareholder approval.

[1fox1] 05/5/2017 16:29

Ha ha.... You said that last week Chris but good luck anyway :o)

[chrisdgb] 05/5/2017 14:41

Fingers crossed for news next week............

[1fox1] 03/5/2017 14:58

Down again... On second thoughts 10 million looking highly unlikely.

[kemche] 02/5/2017 18:19

Have gone in for a second attempt at this. Surely can't be Stiffed again?

Famous last words..........

[grandwood] 02/5/2017 16:56

I've dipped my toe in the water here again today....which means I am at least up to my arm-pits overall! Energy business sale should take cash up to at least 10p/share IMO but starting to think administration (like at alantic energy) might be best option to avoid TS et al. burning it all again!

[kooba] 02/5/2017 16:55

Doubt ENGIE the buyer ....but would be happy if they want to go to extensive pilot trails on the Flow Boiler ...as I hope is next step!!More likely someone like Firstenergy bulking up or maybe one of the smaller challenger European (zee Germans) energy co's getting a decent foothold.

[kooba] 02/5/2017 16:51

Don't think you read my post ...try again.270k connections times £100-£150 a connection =

[1fox1] 02/5/2017 16:41

OK we'll see who's nearer when or if the energy company is sold. So you and kooba reckon the company is presently worth at least 8 times it's value? That's assuming the m/chp business is worth zero. I wish both of you well but really you need to get real

[area44] 02/5/2017 16:40

I reckon the buyer could be ENGIE,as it's a fairly new entrant in the UK,but is a huge company with total assets of €162 billion.

This link makes interesting reading as to the possible value of Flow Energy:

hxxp://www.business-sale.com/news/article/small-energy-supplier-flow-up-for-sale-38516.html

[kooba] 02/5/2017 16:29

Be surprised if there's not a big print aggregating sellers business after hours....seems far more buys than sells gone through today imho.

[area44] 02/5/2017 15:08

1fox1

Kooba just explained it for me,and £267 for each customer is £80 mln.It would not take too long for them to get their money back.

The microchip business could be sold to a third party,as they said in the RNS on 16 November 2016.They said exiting that part of the business would be expensive.

I hope they sell it.The smart boiler part of the business seems to be alright,but they have not given any figures for sales.

They state 'financial year ending December 2016 to be in line with market expectations'

I can't see a lot of risk here,buying at this price.

I averaged down some today.

[kooba] 02/5/2017 14:03

The most common way of attracting customers by the independent challenger energy suppliers is through price comparison sites...costing at least £50 per connection.To have a big lump of customers already signed in one block with efficient administration and a brand with a strong reputation for service and a very solid business model one must surely be looking at least twice that as a minimum...I still believe a per connection value of between £100-£150 is realistic in the circumstances....though with more time and a competitive interest one could have looked for more like the £250 per connection mark. Share price performance dire though seems there is one large holder (Marlborough?)whose position is probably of no consequence in terms of size overall and are just dumping out...though there has been no holding notifications.If they clear and it looks like a big volume day day today they may bounce back a bit.But we really need some clarity on disposal and where the boiler business is going in Europe...to really have a view.

[1fox1] 02/5/2017 13:45

Go on then area please explain to me how you think the energy division alone is worth 80 million. The company as a whole is currently valued at 9.9 million. The company has no debt but the cash burn is horrendous. In my opinion shareholders were mislead before the last share offer to raise funds in which Jabil themselves invested £7.4 million. I believe the offer raised £21.3 million net of expenses. Well someone has to pay his and others wages ha ha ha. Do you ever feel like you've been mugged? I do

[kooba] 02/5/2017 12:12

The company doesn't have net debt...current position will be down on these numbers as although the energy business may have turned cash flow positive the boiler business is still burning ...and there's obviously TS salary! But hopefully only down £2-3m as we stand?08 February 2017Flowgroup plc("Flow" or the "Company" or the "Group")UpdateFlowgroup plc (AIM: FLOW), which provides a range of innovative energy technologies, energy supply and energy services, is pleased to announce that it expects to announce its results for the year ending 31 December 2016 during May 2017. The Company expects its trading results to be in line with analysts' forecasts. The Group had headline cash of GBP9.2m on 31 December 2016 of which GBP3.4m in energy trading accounts.

[area44] 02/5/2017 11:48

Results probably this week.

FLOW only has £2 mln of debt,and very undervalued now - depends when people bought.

I'm betting the customer base is over 300k now.

[rk23] 01/5/2017 19:00

Old new - old article?

[noirua] 01/5/2017 12:04

Sale of Flow Group energy supply business moves forward – The Business Desk - 20th March 2017 - Andy Robinson, Business Energy News


Having received a number of indicative offers for Flow Energy, the group has chosen a preferred bidder and entered into an exclusivity agreement, with a further announcement expected in a few weeks.

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