Flowtech Fluidpower Share Discussion Threads

[techmark] 27/5/2008 20:25

Oddly enough somebody bought at 107p and somebody sold at 107p. ;-) Let's not forget that every trade has a buyer and a seller, or there would be no trade to speak of.

Regards.

[mudbath] 27/5/2008 19:12

Bungler-trades @ £1.07 I believe are SALES.As such that is MEGA-BULLISH.Hope YOU are a dissenting shareholder.Regards Mud.£1.30 here we come!!

[bungler] 27/5/2008 16:58

I do like those trades (buys not sells I'd have thought) at 107. Somebody would appear to know something.

[psolomons] 27/5/2008 15:03

May not be too long. up again.

[techmark] 27/5/2008 15:01

I think the market is starting to sniff out a higher bid. Hope so anyway.

[psolomons] 27/5/2008 14:31

I think there are 2 likely outcomes here. Either a bidding war or without a rival suitor Mentor will up their offer when they dont get enough acceptances at 104p.
I simply cant see mentor walking away at this stage. Just look at todays numbers and FLO's prospects. £6m in the bank for starters !!

[littlemadam] 27/5/2008 14:12

offer now 110p

[cockneyrebel] 27/5/2008 12:15

Well they are trying their hardest to attract another bidder, that's for sure.

CR

[littlemadam] 27/5/2008 12:09

so glad i am holding on here. thanks to you guys.

[psolomons] 27/5/2008 08:53

I think the trading update strongly suggests genuine interest from other parties. I also like their advice about not selling our 'valuable' flo shares.
This could be about to get v interesting.

[mudbath] 27/5/2008 08:47

Said it all along.Cross your fingers.Stay loyal-be a dissenting shareholder. I want to remain a Flomerics shareholder and reap the rewards of their current and impending success.

[battlebus] 27/5/2008 08:22

All the more gutting if Mentor succeed.

[techmark] 27/5/2008 07:41

Excellent new trading statement out. Mentor's offer materially undervalues the company. Cash up to £5.9 million. Can you believe that people were selling their stock to me when the market cap was £9 million a few short months ago?

My guess is that Mentor will have raise their bid by at least 20%

[cockneyrebel] 26/5/2008 11:51

Got to wait for a white knight to turn up but if one doesn't then it will be pretty clear the 104p offer was a good one. The market will decise - if FLO is that cheap there will be someone out there smarter than the private investo who whats them for a bit more imo.

CR

[eagle eye] 24/5/2008 22:08

I would suggest that the Mentor offer of 104p isn't too generous an offer, though I'm sure the curent share price would still be around the 60p mark had the offer not been made. Here is my take for what its worth.
Forecasts for 2008/09 form Oriel are 7p and 11p.
On this basis the prospective PER's are x14 for 08 and x9 for 2009.
Strip out approx 20p cash/share then the PER for 2009 ex cash x7.3.
I would suggest the current management would bust a gut to deliver these forecasts in the current situation. Over the past year the increased costs of ramping up their sales force has not yet delivered sales on the bottom line. Not an unusual problem with software companies,but the benefits of operational gearing should start to deliver going forward.
Mentor will need to up their offer if they are going to secure control, as I'm sure they know the price will be considerably higher in a couple of years time if they don't act now. I will not be selling my shares to Mentor for 104p.
See you at the AGM.
Eagle Eye

[psolomons] 23/5/2008 20:35

OK Mudbath, i'll accept your credibility was 'slighly dented' by insisting there would be no bid. No hard feelings, lets just enjoy the end game !

[battlebus] 23/5/2008 14:50

Mudbath! No you have never blown it have you???? Lets hope a management buyout materialises.

[mudbath] 23/5/2008 14:09

battlebus-as a man who has ostensibly "blown it",I fear to have any opinion on the future of FLO.(Despite this,my view is that £1.04 will not cut the mustard.

[mudbath] 23/5/2008 14:06

varies-it is a small world!!Most of the original investors in STL seem to have given up and sold.Even 8trader-gravy-has recently badmouthed them I believe.Timing is however EVERYTHING.Despite 100,000,000shares issued,it is dificult to buy beyond 50,000.Whilst I am still researching,there do seem to be several bullish factors merging and my adrenalin is pumping!!

[battlebus] 23/5/2008 13:53

Yes Littlemadam i have been holding for a greater price but the fact Mentor went ahead sending out the forms of acceptance with a cash takeout of 1.04 plus divi means there is little chance of a higher offer.They will have been advised that they will have enough shares to do this.Just look at the bid price today it makes 1.04 sound financial sense for larger shareholders. Acceptances must be received by June 9th so unless another party comes along before then i will be accepting thier offer even though it certainly undervalues the co. A profit is a profit.

[littlemadam] 23/5/2008 13:21

battlebus,

what makes you say Mentor will succeed at 1.04p, I thought many here have been arguing a good case for a lot higher price and holding out for that.

[battlebus] 23/5/2008 13:15

Mudbath it now looks like Mentor will succeed at 1.04 just delaying signing the form a day or two yet.Will take a look at STL as we will soon need a new home for our money.

[varies] 23/5/2008 13:04

mudbath
I am very interested to see that you fancy Stilo as I have held shares for many years.They were tipped by Techinvest when they first went public
I think that I managed to pay over £1 (which seems quite an achievement now)and I sell a few from time to time to realise a loss for CGT.
In the light of your remarks I will look at the Report and Accounts again. Unfortunately the market maker's turn is about 30%.

Many congratulations yet again on FLO. It is just possible that they may have something to say about alternative bidders at the AGM. If not, I am sure there will be an impressive presentation. I intend to go.

eagle eye
I am glad to see that you too intend to be the AGM. I missed last year's and did not know that it had been "lively". Should we each hire a bodyguard ?

[mudbath] 23/5/2008 12:18

battlebus.Whilst FLO has been a bumpy ride,I think we are about to achieve a fair,if unexciting result.With cash probably about to come our way I have taken a small stake in STL.Its another software company,but just apparently emerging from the embryo stage.Excellent Board of Directors(with30%+++stake )blue chip client list,and a potentially exciting new product enhancement.Its a Micro Cap ,currently at £2million.Cheers,Mud.

[littlemadam] 23/5/2008 08:47

cannot sell even 5k online, seems starnge to me