Flowtech Fluidpower Share Discussion Threads

[podgyted] 05/6/2019 09:22

"At today's (5 June 2019) Annual General Meeting the Chairman, Malcolm Diamond MBE, will make the following statement:



"I am pleased with the progress that the new Management team has made in 2019. The focus on cost and working capital management combined with investing in our people and systems is clearly proving to be an appropriate strategy to adopt. This will provide a platform for our future growth ambitions, both through organic means and, at an appropriate time, further suitable acquisition activity.



In our Q1 trading update released in April we reported that revenue during the first three months of the current year increased by 14%, 4% of which was through organic means. The business has continued to achieve organic growth in the subsequent two-month period.



The Directors remain confident about the future; we expect our underlying performance to deliver another year of solid progress and we look forward to providing our next Trading Update for Q2 in early July. Overall our trading is in line with market expectations."

The plan continues to work it seems - reinforces confidence.

[fillspectre] 30/5/2019 21:47

The way I look at this now is that there seems to be an effective floor price under the share at 130 to 135p with institutional buying. If you buy tomorrow at 150p a share by July you've had a 2.9% dividend payment (4.4p) with a further 2p+ interim payment to come at the end of the Summer. Only upset I can see is if continued Brexit uncertainty is slowing sales or if some of FLO's client have stocked up in Q1 and that position can only unwind at some point. Then again FLO's revenue is made up a of lots of small transactions. I'm sure there will be a statement at the AGM on the 5th. As long as it is similar in tone to the last one all will be good. Fils

[fillspectre] 30/5/2019 20:44

Some big buys coming in today. Could be interesting tomorrow. May be quite a busy Friday. Ex-dividend Thursday next week. 200K+ volume trading day - good for Flotech Fluidpower. Fils

[fillspectre] 28/5/2019 19:28

Anyone attending or thinking of attending the AGM in Wilmslow? Fils

[podgyted] 28/5/2019 19:03

(Any reason for the drop at the end?!)

Think people are looking forward to an AGM statement confirming the turnaround is still on track. This is looking pretty cheap if they can get costs under control after the acquisition spree.

[welsheagle] 28/5/2019 15:31

Any reason for gain.

[edmundshaw] 23/5/2019 19:25

More like "sell until May goes away" perhaps... :-(

[fillspectre] 22/5/2019 22:46

I'm beginning to think everyone has decided to go away in May. Share volumes down across many shares I'm watching including this one and SDI. However the FLO share price is holding up - I'm still convinced there is a floor at 135p due an institution being interested. Is anyone tempted by the AGM in Wilmslow on the 5th June. One of the votes it to accept the dividend and if that passes which I'm sure it will the share goes ex-dividend the next day for 4.04p. Fils

[fillspectre] 09/5/2019 22:05

143K share volume and 39 trades - another busier than average day.

[fillspectre] 08/5/2019 22:42

Feel I should mention I am a long term proponent of SCE although recently I've been losing my mojo with regards my unflinching support.
Regards FLO I've been a holder quite a while. I grew concerned the acquisition programme was getting out of hand but I kept holding but now I do like the current face the new management has put on. I'm rather hoping FLO will emulate SDI - in that they will only acquire new companies at a good price and quickly absorb them into their group - and also and importantly they will only fund acquisitions out of cash thrown off by their existing business. Meanwhile the underlying business grows organically by a reasonable amount. I agree with management the important priority at the moment is to settle the new agglomeration of businesses, get the cost savings available to them and improve working capital arrangements. I really like that they are incentivising the various business units with ROCE targets. I watched a video interview of one of the inherited Beaumanor managers and was very impressed - he seemed razor sharp and keen to do as much as he could to make the business profitable by sticking to the knitting - i.e. get more sales with acceptable margins. Good luck to him.
Other plus points are
A) Business has been around since 1982.
B) Lots of multiple (hopefully repeat) transactions (I'm starting to sound like Terry Smith).
C) I think we are entering an era of technological change and even if we don't an era when aging infrastructure continues to be upgraded in domestic and industrial sectors - therefore lots of hydraulic components needed to be purchased. Fils

[fillspectre] 08/5/2019 22:26

Thorpey - thank goodness for your last post otherwise I was going to be forced to write a come back along the lines of "I'll take boring I'm fed up of the excitement over on the SCE board"! (incidentally I urge fellow FLOers to put SCE on their watchlists - do your own research and beware one poster has described SCE as being a serial "Jam tomorrow" company - and he would be right - however it is very cheap right now and if the an OEM contract comes in .....but then again!)
But hang on hold the front page it is starting to get exciting here at FLO - 346K share volume traded - two massive £120K buys at 148p - total trades 36. Two months ago 50K share volume was a good day. Is yet another entrant building a stake or is it an encumbent building yet further. Fils

[thorpematt] 08/5/2019 19:06

Ed,
Yes my comment was tongue in cheek of course.

I am very interested in this stock, as per my post of April 23 I do believe there is a sound investment case here. What I do think is that it is not a glamourous sector or business type and therefore it is often overlooked by PIs.

Such over-sights are of course the folly of many - because its the flash and fancy stories that often lead to failed investments whilst "boring" sectors such as hydraulics give resilient and repeat earnings upon which strong cash returns are made.

I suspect the BB will get busier as the market catches on a little.

[dsct] 08/5/2019 11:38

@fillspectre

I'm still here, and regularly read the comments.

Although FLO has bounced up and down since my purchase last September, I'm quite pleased with what appears to be a decent uptrend over the past month.

The only downside to this is that the divi yield has dropped to about 4.2% ! lol

Only a couple of months (12th July) until the Y/E divi is paid, and hopefully an AGM statement on 5th June.

[edmundshaw] 08/5/2019 08:06

I am also happy to hold these. Perhaps Thorpey got out of bed the wrong side??

[shaker44] 08/5/2019 04:34

I am interested! Pls keep posting fills.

[thorpematt] 07/5/2019 23:43

No PIs interested - this is one of those boring stocks no-one is interested in.

[fillspectre] 07/5/2019 22:53

Another 140K traded and 42 trades - good day. And at 11:34 an announcement in at a new 3% holding Pershing Securities Limited. This is all good. I'm beginning to wonder though if there are any other PIs interested in posting on this board! I'm sure this is heading towards 160p. I can see ST trying to give it another boost upon his return. Fils

[fillspectre] 03/5/2019 17:16

160K volume traded on a Friday before bank holiday. Nice uptick to the 140p recent high. Feel even more certain that 135p is a floor. Over 40 trades not bad. Fils

[fillspectre] 01/5/2019 19:40

Nice 2p tick up. 66K of shares traded with a 20,000 share purchase at the end.
30 trades - better than an average day - content with this - if it just goes up by 5p over a week. Fils

[fillspectre] 30/4/2019 18:54

Can't help feeling the share has been underlined at 135p barring any unforeseen negative trading statements or RNS especially seeing as how it goes ex-divi for the final dividend in early June. I can see May being a month of inexorable steady share price increase. 160p still leaves a divi yield of 4% if total annual divi is 6.4p. Fils

[brucie5] 30/4/2019 14:23

Way to go. Very similar to UPGS. Mind the gap!

[podgyted] 30/4/2019 13:37

Over 2.5m shares traded today - guess II's playing pass the parcel - does mean any weak holders should be out.

[fillspectre] 29/4/2019 23:30

A lot of trades today and a lot of shares traded. This share's liquidity appears to be improving. Could be the ST effect hanging over from last week's IC - be interesting to see if these sort of volumes hold up through the rest of the week. Fils