Flowtech Fluidpower Share Discussion Threads

[1milliejade] 27/3/2023 12:37

I love an optimist have you heard of the first sign of madness?

[cerrito] 27/3/2023 12:34

18BT
Fair point

[1milliejade] 27/3/2023 09:39

96p and still falling....some of you have taken the hint.To be fair, you can't say you weren't advised correctly.

[18bt] 27/3/2023 06:32

Delays to results is going to happen to more and more companies - this is the result of the FRC fining auditors all over the place and putting them under huge pressure to "raise audit quality" - they now have to tick even more boxes. 2 upshots- audit fees are going through the roof and they have gone completely risk averse. Personally, I doubt whether audit quality is being raised, but the FRC will have been seen to "do something". I don't think it is necessarily a red flag.

[cerrito] 26/3/2023 19:58

Delay not good and I note last year was March 29 and in Covid 2021 April 20th.
If they had said right from the front that it wad going to be mid April, I would not have been too surprised.

[cerrito] 26/3/2023 19:53

Stavely again minute 23

[darrin1471] 26/3/2023 18:05

Pressure Technologies (PRES) also have Rockwood Strategic as a major shareholder and Grant Thornton as the company's auditors. PRES last week also announced delayed results after Grant Thornton "advised the Company that this accounting treatment is not in compliance with IFRS 15"

[1milliejade] 24/3/2023 08:31

Now that's always a good sign isn't it ?. Auditors asking for more time is akin to a Football Club Chairman expressing full confidence in the Manager, and we all know how that ends don't we ?.

PS Have you seen the share price graph performance since Feb ?. I am going giddy just looking at it.

[1milliejade] 24/3/2023 08:29

Now that's always a good sign isn't it ?. Auditors asking for more time is akin to a Football Club Chairman expressing full confidence in the Manager, and we all know how that ends don't we ?.

[alter ego] 24/3/2023 08:15

no explanation?

"Grant Thornton, the Company's auditors, have requested additional time to complete their standard audit processes, and accordingly, the Company expects to release its full year results no later than 14 April 2023."

[1milliejade] 24/3/2023 08:01

OH OH....What is going on?.Annual Results presentation NOT going ahead as scheduled. NO explanation!!!.
Should we [you] be worried ?.

[1milliejade] 23/3/2023 10:18

As prev predicted, now BELOW £1
,THIS is below the float price of 9 yrs ago, is this a record ?.

[boadicea] 06/2/2023 19:47

Lovely chart. The cup will need a handle.

[cerrito] 06/2/2023 13:40

The Odyssean manager was on thr vox markets podcast the other day going through his holdings.
His main comment about FLO was the small free float given the shareholder base and was pleased that they had avoided havingto do an Equity raise during Covid.
Agree with you on McDowell.
I top upped a couple of weeks back and was thinking of doing more but perhaps too late.

[red ninja] 03/2/2023 13:07

Looks like steady accumulating going on here.

The company has a lot of funds in it shareholders list led by the very successful Odyssean Investment Trust PLC with 17.1%



Also worth noting Roger McDowell is on the board here, he has a successful reputation which I am sure has been one factor amongst others in attracting some funds here.

[1milliejade] 28/11/2022 21:00

Yes l suspect at least 2032 before 150p and perhaps 2050 for 185p.

[edmundshaw] 31/10/2022 22:53

Some other nice ideas from Judith, though most not to my taste (e.g. I don't like micro-microcaps under £10m and tech always worries me if it is too complicated and I cannot foresee the market future).

£1.85 is a nice price target from her, but we are going to have to wait a bit for that!

[red ninja] 28/10/2022 18:58

Judith Mackenzie (Downing) on FLO on Vox Markets : minute 39:28

[1milliejade] 17/10/2022 09:29

Now 100p how low can she go ?

[1milliejade] 17/10/2022 09:26

Are you watching ?. Now 100p......
How low can she go.......

[1milliejade] 17/10/2022 07:45

Are you watching ?. Now 100p......
How low can she go.......

[1milliejade] 12/10/2022 16:33

Double oops....now 100.5p all you pundits talking about 180-200 can fill your boots. What price do you bend to the market and bale ?. 100p ? 75p ?.
Or you can buy a few million more, as a plethora over hanging the market looking for (mad) optimists.

[1milliejade] 12/10/2022 08:21

Oops...now done to 101p chance for you bargain hunters to buy another 1m. a bit like the Bank of Eng propping up bonds, your own kind of QE. Others may wish to get out before the sub £ l told you about materialises VERY soon.