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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Flowtech Fluidpower Plc | FLO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 111.50 | 08:00:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 111.50 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 12/04/2023 | Final | GBP | 0.021 | 22/06/2023 | 23/06/2023 | 21/07/2023 |
| 29/03/2022 | Final | GBP | 0.02 | 30/06/2022 | 01/07/2022 | 22/07/2022 |
| 24/09/2019 | Interim | GBP | 0.0213 | 03/10/2019 | 04/10/2019 | 29/10/2019 |
| 16/04/2019 | Final | GBP | 0.0404 | 06/06/2019 | 07/06/2019 | 12/07/2019 |
| Top Posts |
|---|
Posted at 12/4/2024 11:11 by arthur_lame_stocks 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? |
Posted at 12/4/2024 09:56 by fillipe Another nice daily up-tick today and with both the bid/ask at/above the 100p marker.Looking good at FLO. f |
Posted at 09/4/2024 09:14 by fillipe Some regular decent daily up-ticks on FLO recently.f |
Posted at 15/2/2024 17:09 by red ninja 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. |
Posted at 15/2/2024 15:04 by camerongd53 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 |
Posted at 15/2/2024 09:20 by value viper Diploma rumoured potentially acquirer FLO probably needs some further internal tidying up prior |
Posted at 02/2/2024 15:41 by red ninja 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 |
Posted at 01/12/2023 12:49 by red ninja Well thought of Odyssean Investment Trust, Interim Report (30/11/2023) comment on FLO :-Flowtech’s interims downgraded full year expectations with good momentum in its Solutions and Services offer unable to offset market weakness impacting the distribution focused (and higher margin) Flowtech business. The new CEO Mike England has rapidly strengthened the exec team, identified a performance improvement plan and refreshed the group strategy aiming to address the wider market of motion products beyond pneumatics and hydraulics. We are positive on these developments, although the market outlook remains uncertain, we see significant value to come from the new team implementing their plan and building a stronger, more scalable platform for future growth. |
Posted at 10/11/2023 11:32 by red ninja DSM interim report comment on FLO (also DSM announces that it will be winding down over time) :-Flowtech Fluidpower plc (7.5% of NAV. Detracted 2.3% from performance and saw share price fall by 22.8% in the period) had a profit warning in the period combined with a tweak to the strategic direction of the business. In some ways this was inevitable with a change of CEO and now the business is led by a through-and-through distributor with Mike England having come from Electrocomponents and prior to that Brammer and Hagemeyer/ Rexel. If anyone should know what good looks like for Flowtech, it ought to be Mike. The new strategy will build on many of the foundations already put in place but will create a simpler and more cohesive customer proposition going forward. Distribution relies on delighting customers consistently and Flowtech stumbled through a reorganisation in the first half of the year which resulted in negative growth in the highest margin segment of the group. While we had no direct evidence of a reduction in customer confidence in previous periods, we had noticed some negative commentary around some of the reorganisation undertaken by management previously. In hindsight, this was probably already being reflected in some weaker than expected performance, which we unfortunately boiled down to a weaker market overall. The simpler operating model going forward, consolidated under a single brand, should return focus to the customer and the business can build from here on its already strong market position. The other significant change introduced by Mike is to increase the size of the addressable market by moving into the power, motion, and control sector. This will triple the market size and provide the opportunity to accelerate growth from a low base. The e-commerce offering, while receiving a lot of attention, still lacks traction and is not as progressed as it should be. Once running properly, and with a refreshed sales and marketing effort, the opportunity to generate incremental cross-selling should begin to play through. Overall, whilst it’s disappointing that progress has been slow and, in some cases, negative, the strategic shift sounds sensible driven by an experienced distributor has significant merit and increases revenue and earnings potential for the future. We remain of the view that Flowtech can be a mid-teens EBITDA business if run correctly and that presents attractive upside over the coming years. Management will have to work hard to achieve the £13m expected EBITDA in 2024 but a prospective EV/ EBITDA of sub 6x and free cash flow yield well north of 10% provides sufficient reward if execution is flawless from here. |
Posted at 12/4/2023 09:47 by boadicea edmundshaw - I was about to make the same comment about the dreadful grammatical construction of the results announcement. Sentences have been mangled in an attempt to incorporate the obligatory buzz-words and the punctuation is random. It is almost unreadable. I hope their fluids flow more smoothly and that the report is not symptomatic of their strategic thinking!The actual figures are not too bad. I'll allow latitude for the write off of goodwill and intangibles and focus more on underlying cash flow which is reasonable. The dividend paid was about half covered by cash flow, i.e cash flow would have been positive without the dividend. There is also £4.5m of potentially retrievable cash cost attached to the combination of an increase in receivables and a reduction in payables, so the underlying cash position is healthy provided the receivables all perform. I recall that many years ago (about 50 yrs actually!) I heldg shares in a construction company (Brown & Jackson) that came out with a report which could only be described as illiterate. However, their figures added up well and I doubled my money. Perhaps Flowtech could ease the pain by arranging an edit before the eventual audited report. |
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