||EPS - Basic
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Flowtech Share Discussion Threads
Showing 2176 to 2200 of 2200 messages
|74% of shares held by major shareholders. A very high percentage.|
|Please can you help with a list of the major share holders
|I am grateful to ST. I was getting overweight after recent good results and share price, so have taken the opportunity to scale back my holding - but only to a normal weighting, as I still rate this company as having great future prospects...|
|or rather re-tipped. He first tipped this on 6/6/14 at 118p.|
|Simon T. just tipped the shares
He reckons the all time high is likely to be broken.|
|Petewy I tend to lean as much to the TA as to the FA when I'm analysisng stocks so it would depend how the chart reacted over the coming months as to where i thought a good entry point might be.
Edmund the other issue for me is it appears to operate to some extent as an engineering jobbing shop so recurring revenue isn't so easy to predict despite the fact they may have a very dependable client base so it could be a very cyclical business. Something to think about if we enter a general economic downturn.
|Decent pullback is how much?|
|Woodcutter I think the basic analysis is spot on. You have obviously also got some experience of consolidation businesses, and four of the risks are that the organic growth gets sidelined, the balance sheet gets forgotten, that the management does not give itself time to bed in acquisitions, or management overpays.
I see some organic growth continuing, of course whether that is the new management or the old, or the general economy, is as yet unclear: early days. The balance sheet was looked after OK in the recent oversubscribed placing. I don't get the feeling that we have overpaid up to now. So yes, the bedding in is important.
I can think of a couple of consolidation businesses of comparable size that failed, and a couple that have done very well (off the top of my head). At the moment the jury is still not unanimous on this one, but the potential for stripping out duplicated costs is obviously high, and the service to customers seems to be a core value which is also good to see. So far so good, and on a decent pullback I would add to my solid holding here.|
|whilst it looks good value it appears to me there's still quite a lot of cost to take out of the business. Revenue growth looks impressive at 20% but the issue with acquisitional growth is you also take on the overhead costs which grew at almost 47% i guess that's why the percentage revenue growth isn't reflected in profit growth.
The danger here is too many acquisitions too quickly. They need to bed in what they've acquired and strip out more over head costs over the coming year. Price looks up with events after the recent rise. notwithstanding it looks a good management team and solid business.
The Q1 update refers to revenue growth and gross margin, would have been nice to hear something on operating margins i.e overhead reduction.
A decent pull back would get me interested
|Just taken a few here(yesterday).It ticks alot of boxes. Sold some Trifast to part fund but have had a good run there from below 100p.As edmund says it is a nice mix of organic and acquisition growth. They seem to acquire and slot in the new companies without too much disruption.|
|Yes results look good. Dividend up. Never lost faith.|
|A lot to read through this morning!
Overall solid progress and a positive outlook. And a useful war chest for further acquisitions.
Forex fluctuations being well managed, obvious synergy potentials being realised, and some organic growth is great as acquisition by growth, however appealing, can only ever be a part of the story.|
|One of the features of FLO is that it has a particularly high institutional holding - those with over 3% combined account for just short of 75% of the shares. This makes the remaining 25% somewhat illiquid and if one of the institutions starts dribbling shares onto the market.....|
|Yes. The news is I just added thanks to the drift downwards...
Last update was 23 January and all was OK then. Results 4th April. Yield (prospective) around 5%.|
|This is more than a drift downwards? Any news.|
|Changed my mind on this one, will be trading sideways for the forseaable. Getting bored waiting for the upside here so I have cashed out completely. It should drift lower at some point with bored investors so will buy back in when it does, great divi is the only thing holding it up currently.|
|agreed Ed can't understand the drop in price.|
|Seems a sensible little acquisition. Price seems reasonable, so with expected synergies it should work out OK.
Glad I didn't stay on the sidelines, because even with bottom of the range forecasts (hardly a shock given the pound's weakness) this still represents a nice growth and dividend earner for me, with good prospects. This business "sector" is ripe for consolidation, and FLO is the one doing it at the moment!|
|I think you'll find it's a profit warning. Been on my watchlist, but glad I stayed on the sidelines.
PBT is now expected to be between £7m-£7.2m, compared to forecasts of £7.6m.|
|Good TU this morning|
|Sold out today. Nothing wrong with the company, but the market is just so jittery ahead of next week's US elections. FLO has held up very well against the market and many other stocks are now looking really cheap by comparison. Some free cash could come in very useful to bag a bargain or three once things settle down.|
|I try and fail to see any demons in the Zeus connection, Adam. Compared to some of the rubbish that finds buyers on flotation, they seem to make decent offerings. FLO and EPWN have been reasonable performers, making steady progress and I am happy to hold both and collect the dividends. I have also traded both very successfully. ENTU is the one problem that Zeus have had (unless you know different) and that was due to something out of left field with a major tax change and a government policy change on feed in tariffs. Management seems to be taking the necessary action but the share price has suffered accordingly. I keep them on watch for signs of life. One day they could be a good recovery buy.|
|Interesting to hear the bear side of the story, thanks for that.
The company seems happy it can pass on price increases as it says customers understand pricing is geared to exchange rates. As for margins, many products are needed urgently, so a small uplift in price is not a deterrant for parts whic are probably not a major component of the price of a job anyway.
I think in a fragmented market, Flowtech needs to be a useful consolidator and have good customer service to earn those margins. So far they seem to be delivering. Fairly early days, though.|