Flowtech Fluidpower Share Discussion Threads

[bungler] 04/6/2008 09:20

Sorry let me get this straight. Am I right in saying that Wolfgang was on the board because of his knowledge of Pricap - and presumably to keep the board informed of their intentions? Now we're told he knew nothing about those intentions. So

1/ Either he was incompetent and a waste of money - at least as far as this element of his responsibilites went

or

2/ Worse.

or have i got the wrong end of the stick?

[littlemadam] 03/6/2008 20:51

STAY WITH IT GUYS. INTERESTING TIMES

[mudbath] 03/6/2008 15:30

So Wolfgang's left hand did not know his right hand was doing.Damn good job he is no longer on the Flomerics board then.

[engineer66] 03/6/2008 15:17

I bet very few shares were traded at 50p. I bought for a lot higher and believe FLO have a very good product with future potential. If Mentor wanted to give FLO a fair price then they would offer their own shares as an option on an equivalent earnings basis. I think they rather just want to turn in a bargain and get FLO for a snip! The MM are probably beginning to realise that not everyone is rushing to sell.

[techmark] 03/6/2008 15:12

Response from Flomerics out. Sounds progressive with the other parties.

[mudbath] 03/6/2008 14:44

Holding my breath(as usual)bungler.Seems pretty bullish to me that the MMs are now buying in stock at £1.06+.

[bungler] 03/6/2008 11:43

Good morning mudbath - I am told (though not by the Helpline of course - they still haven't bothered to ring back) that the 28 days is up on June 9th - next Monday. So if we're to hear about any other bidders it should be this week I guess?

[mudbath] 03/6/2008 10:07

Sounds like par for the course in this world of ours today bungler.Nobody takes resposibility for anything.The downside to all this "fun" is that it will be costing Flomerics,our company,a lot of CASH and taking their eye off the main ball.Good for the S.P. though.!!
As I have said before it is my belief that Mentor's bid is now hindering ,not helping,the FLO share price.

[bungler] 03/6/2008 10:01

Yes it's all getting quite ugly now. I rang the totally useless helpline yesterday to try to find out when the 28 days are up (wasn't sure whether it was 28 calendar days or 28 working days) and the chap on the other end, while charming, didn't have a clue. He simply read out a prepared statement - the one we've all already seen - and asked me if that answered my question, which of course it didn't. He then, rather painstakingly, took down my various questions and said someone would get back to me - since when I have heard precisely nothing. I don't know how much Flomerics is paying for the helpline but imho it is a complete waste of money.

[mudbath] 03/6/2008 09:52

Looks like our Wolfgang MIGHT HAVE been a naughty boy,looking at the Panel's query.This could become quite murky and will do nothing to help Mentor secure the acceptances required.(imo).Not sure on this,but dependent on the perceived gravity of his potential transgression could we see Pricap's sale of Flomerics shares to Mentor set aside?

[mudbath] 02/6/2008 17:55

Just while we wait for the next surge in the Flomerics share price,here is an interesting article relating to asset prices which underscores how our human nature makes us reluctant to buy when prices are low.

[littlemadam] 02/6/2008 10:13

yes, getting really rough. FLO board very angry I would say, with good reasons

[battlebus] 02/6/2008 08:11

More cat and mouse games from the Flo board this morning.

[psolomons] 01/6/2008 16:56

A couple of names have been suggested as rival potential suitors for FLO. Ive just taken a look at the British firm Aveva. They are clearly doing something right ( take a look at their share graph A V V, a 4 bagger in 18 months). They would make a nice fit with flo and would keep the technology in the UK.

[varies] 01/6/2008 16:26

eagle eye
You are right in assuming that I was not at last year's AGM and I am very interested to learn what WB said. Thank you for telling me.

[eagle eye] 01/6/2008 08:57

Hi varies,
I have seen your comments re post 1611:

'Having seen the price halve from this level within 7 months it is hardly surprising that Pricap was pleased to bail out at 104p. No doubt they will have had a good use for the money'.

I can only conclude that you were not at last year's AGM. When Wolgang Biedermann spoke, he was asked how he saw Flomerics business (very relevant, it was the day of the profit warning).
He was more than happy then, and said that technology companies are highly geared, and that it was no more that a glitch between the increase in sales infrastructure costs, and the eventual delivery of sales. He was also also very supportive of the Flomerics board. In view of what was said and how he said it, I would suggest (in my opinion) that he was not involved in the decision to sell Pricap's stake to Mentor.
Best Wishes
Eagle Eye

[battlebus] 31/5/2008 18:24

Varies my point was that their twist of words would fool very few and probably only those who have already signed the document. I'm not for selling.

[mudbath] 31/5/2008 18:07

varies-we will just have to hold our breath and hope that Mentor fail,by some margin,to obtain the level of acceptances required.

[varies] 31/5/2008 17:55

Battlebus
I too have read Mentor's letter but find it unconvincing.
The closing price of FLO shares on 14 June 2006 was 92.5p and the number of shares due to Pricap for NIKA was calculated on this basis; this constituted some 80% of the consideration.
Having seen the price halve from this level within 7 months it is hardly surprising that Pricap was pleased to bail out at 104p. No doubt they will have had a good use for the money.
If I remember rightly, someone on this board suggested that the owners of Pricap had some connection with Mentor but I have forgotten the details.
Mudbath
I did say recently that I would download the shareholders register from the Companies House site and attempt an anaysis but I cannot find an up-to-date list there. The latest available to the general public seems to be that contained in the last Annual Return.
Since most shares are held by nominees nowadays (including most of mine) I doubt whether the current list would prove helpful.

[mudbath] 31/5/2008 17:41

Mentors attitude is that they are doing FLO holders a favour.They are of course deluding themselves.As Mentor state,they accquired 20% fom Pricap-a sophisticated financial institution-who would be able to to advise Mentor what a MUST HAVE investment our shares are. Looking forward to their revised offer.

[battlebus] 31/5/2008 16:20

Recieved the letter from Mentor Graphics regarding the offer update.This column is very well written for those undecided-In the letter and accompanying document sent to you by your chairman on 27th of May Flomerics portrayed a superficially attractive picture, both regarding the current trading of Flomerics and it's valuation. However, i wish to remind you that as well as aquiring a substansial number of shares from institutions at 104p, Mentor also aquired 20.1% of Flomerics share capital from Pricap, a sophisticated financial institution active in this market. Pricap also had a representative on the board of Flomerics(we all know who that is) and therefore was in a position to make an informed decision as to the fair value of a Flomerics share. I continue to believe that our cash offer is an attractive one to all shareholders and a premium of 109% to the closing price of 50.5pence per Flomerics shares on the 13th March the day before Mentors aquisition of Pricap's shares.

[mudbath] 31/5/2008 15:16

Just ask battlebus 8trader.We held similar confidence in Redhall(then Booth Int.)when the price was 37pence.Traders would have welcomed 74pence ,no doubt,on a bid.We contiue to hold-price now £2.80 and on its way to £5.00.The latter is investment;the former is punting.Each to his own.I do not presume to tell you how best to operate.(AND YES-I am suggesting that)

[8trader] 31/5/2008 13:25

The problem is mudbath is it's not bolx !

There's hundreds of good profitable penny stocks and 90% of them dont
have a fair rating and most dont look like they will get re-rated for
a long time so i'd say most would rather have a quick bid and double
up then wait for what could be a very long time for the share to trade
higher, are you telling me without Mentor buying this stake and then
bidding Flo would be over 70p, not a chance !

[mudbath] 31/5/2008 10:29

8Trader-You speak a lot of sense sometimes-but 1605 is utter dogs bo--ocks.Maybe its OK from a short termist trading perspective.However,from an investment point of view,unless FLO holders can be certain of doubling any proceeds from a takeout,then they would be better served(imo)by FLO remaining as a prospering,dividend paying,cash generative,independent company,which has the potential to generate profits in the short term,sufficient to support an S.P. of £2.00 and beyond.

[8trader] 30/5/2008 22:08

Thing is when it was 50p you all would have bit their hand off for
104p and a quick and profitable way out rather than wait what may have
been another year+ for the shares to reach that through normal trading.

Be happy with 104p, if you get more it's a bonus.