boadicea you are right there is a gentle but constant upwards pressure on this share price. We must be due news any day now. Fils |
Looking distinctly perky these last few weeks and the buying looks to be good quality funds gently accumulating. So I'm glad I stuck with it and averaged down as I am now approaching profit again. Serious institutional interest in a company of this size is a reasssuring factor. |
Thanks SKYSHIP and Red Ninja - I will look that interview up. It is to be remembered that the Chief Financial Office, Russell Cash, bought four tranches of shares last year (valentines day)ranging in price from 102.5p to 105p. Total volume 19,605 I think. This was pre-Covid of course but not pre-notification of cost saving restructuring. Just think what may happen to the share price if they restore dividend - even to a lowly 3p per share for this coming financial year! I think these funds are seeing a strong investment case for investing in Flo at the current share price. Fils |
Actually last published DSM NAV discount today is 26.56%, but it does tend to fluctuate.
DSM has not yet admitted it has a holding in FLO. The interview was for Downing LLP which has holdings for more than one Downing fund. However, I believe that could well be correct that DSM now holds FLO as it seems similar to one of their so called unnamed toehold investments.
I also bought in after hearing Judith Mackenzie talk about FLO, so far so good. |
Personally bought into this after viewing an interview with the manager of Downing Strategic Micro-Cap I.T. (DSM). DSM hold FLO and also looking cheap at 60.4p on a 25% NAV discount - rather excessive for an investment trust. |
There seems to be a quiet unassuming upwards pressure on this share's price. We are due a trading update for the year just gone surely. Some big buys. Fils |
Change of co name in the offing.To be called just "Flowtech" sometime in the future.
According to their website anyway.Also have a new co Vision! |
Thnx bb123....but it is in the Header; and has been for over 3 weeks! |
 Gresham House Asset Management Limited increases holding to 8% on 14 12 20
HOLDING(S) IN COMPANY
Mon 14 Dec 2020 07:00
RNS Number : 4617I
Flowtech Fluidpower PLC
14 December 2020
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
Flowtech Fluidpower plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
Holding in
3. Details of person subject to the notification obligationiv
Name
Gresham House Asset Management Limited
City and country of registered office (if applicable)
London, UK
4. Full name of shareholder(s) (if different from 3.)v
Name
Gresham House Strategic plc
Gresham House Strategic Public Equity Fund LP
Gresham House plc
LF Gresham House UK Smaller Companies Fund
City and country of registered office (if applicable)
London, UK
5. Date on which the threshold was crossed or reachedvi:
27/11/2020
6. Date on which issuer notified (DD/MM/YYYY):
11/12/2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
8.08%
N/A
8.08%
61,492,673
Position of previous notification (if
applicable)
7.38%
7.38% |
Chart breakout:
free stock charts from uk.advfn.com |
Late surge, I wonder if one of the tip sheets has tipped FLO. |
FLO backed by Downing LLP.
Vox Markets - 18/12/20:
Judith MacKenzie of Downing LLP discusses her portfolio and predictions for 2021 |
Copy. I very rarely invest in companies with under £50m market cap. Whatever you call them! :) |
What Is a Microcap Stock? The term "microcap stock" applies to companies with low or "micro" capitalizations, meaning the total value of the company's stock. A typical definition would be companies with a market capitalization of less than $250 or $300 million. I guess you can just call it a smaller company in the UK but £50 million is OK for me I do searches for stocks above £30 million at least you get some liquidity. The spread on FLO is high though typically 3p which is a sign liquidity isn't great for buying / selling |
Microcap? I don't think of this company that way with 61,354,000 shares...
Big for a microcap, small for a smallcap at the moment. Even bigger in more normal times with a share price more like 140p... and at one point it was around 200p, which puts it firmly outside the microcap range. |
there was a volume burst definitely;
creditcrunchies - I think I saw you mentioning that you have a list of favourite gold stocks - may I know which make your favourites? I like Centamin but need more quality names to diversify? |
I've often found the best pearls are stocks that have a decent product, there isn't much interest in them, the financials are OK, the share price is flat or sideways for long periods of time. You just buy, forget about them then boom the BBs get chaotic, the share price goes vertical very quickly so it's always something I check before I buy microcap stocks |
I've noticed some strange movement in share price in the past week or so as if someone is accumulating stock, where the price dip down early on then closes slightly higher. It's been creeping up slowly from the 72p ish level I was surprised there weren't any comments om here earlier. Two fund managers that specialise in 'quality' small companies have been adding. I think this could ping up to 120p |
such a sharp spike can only really be some kind of an approach, its not like they are doing cutting edge research and have had a break through or anything is it.... |
Significant breakout from a chart perspective. |
Looks leaky |
Tipped or bid on the way?! DYOR |
volume is higher than usual
I hold these |
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