Flowtech Fluidpower Share Discussion Threads

[boonkoh] 07/9/2017 16:22

Included in the acquisition statement today: "In summary, the Board of Flowtech remain very encouraged about the future. The Group will be releasing its Half Year results for the period ended June 2017 on, Tuesday 12 September."

[edmundshaw] 29/7/2017 14:35

Hm, thanks bb; but that list omits my holding for some reason... :-)

[rcturner2] 28/7/2017 16:22

I have bought in today.

[davebowler] 10/7/2017 15:49

FinnCap;
The group has announced an encouraging H1 update, with trading on track to achieve existing FY expectations, showing good sales growth. The acquisition of OCL is complementary, boosting the Process division. We are raising our forecast EPS by 3.3% in FY17 and 6.8% in FY18, also raising our PT from 170p to 182p, based on a 2018 P/E of 13x, which provides significant share price upside. The group is powering on and we see today’s announcements as being positive. Management continues to convert the cash from its fund raise into accretive earnings streams.

[petewy] 10/7/2017 09:21

Quite powerful. Hope it stabilises price and sends it up.

"""" The Flowtechnology division has increased its revenues by 6.8%. As well as the acquisition of Indequip in February 2016, this improvement has been powered by strong organic growth within the core business, set against market conditions that remain generally challenging.

[edmundshaw] 10/7/2017 08:04

Nice trading statement.

[edmundshaw] 26/6/2017 19:43

So far so good. If you listen to management they are saying all the right things... but of course DYOR...

[boonkoh] 26/6/2017 09:52

If you're thinking of investing in FLO, one of the key test is whether you believe in management ability to acquire sensibly and integrate smoothly. That is their core strategy for the next few years to increase shareholder value.

[davebowler] 26/6/2017 09:36

FinnCap;
Last week the group acquired Hi-Power, a complementary bolt on acquisition, for a total consideration of up to a maximum £3.5m. Hi-Power offers additional hydraulic products, wider geographic coverage and medium-term synergies and wider collaboration opportunities. This acquisition is in line with existing strategy and we expect management to achieve further acquisitions over the coming year as it deploys cash raised through its recent placing. This potentially offers future upside to forecasts. We increase our EPS forecasts by 2.4% in 2017 and 4.7% in 2018. The shares remain attractively rated on a P/E of 10x and offer good upside.

[topvest] 25/6/2017 21:36

Good original business. Can't help thinking that the acquisition spending spree will end in the loss of shareholder value as it normally does though. Aren't the acquired businesses inferior to the original business?

[petewy] 23/6/2017 09:31

Flowtech Fluidpower plc is pleased to announce the further strengthening of its Power Motion Control ("PMC") division through the acquisition of Hi-Power Limited a distributor of hydraulic equipment components and, systems design & build predominantly to the mobile and transport sectors.

[pj 1] 25/5/2017 08:12

sharw, thanks for the link, I had missed that report

[edmundshaw] 25/5/2017 08:10

Nice update. Looks like more effective corporate activity is going to transpire imminently...

[sharw] 22/5/2017 14:48

PJ1 - as you say eps growth of around 3% is forecast for 2018. This may be because the company relies on acquisitions for growth and it may be later this year before those in the pipeline that may boost next year's earnings are announced. Until then the forecasters assume a modest organic growth.

Graham N has some comments about this strategy here:



I have a small holding as part of an income portfolio as I consider the yield to be safe and well covered. One of the (few) fund managers I have respect for is Gervais Williams and his Miton funds are the largest holder with 13.53%.

[briangeeee] 22/5/2017 12:31

This is primarily an acquisition play, but organic growth is still key. Negative growth is poor and undermines the acquisition rationale, but low single digit positive growth is good.

[pj 1] 22/5/2017 09:13

Is this BB still 'live'?

Having a good look here following their recent Presentation in Manchester. Any comments regarding the low 3% forecast growth into 2018? (via Stockopedia)

Cheers

PJ

[petewy] 18/4/2017 09:31

74% of shares held by major shareholders. A very high percentage.

[edmundshaw] 18/4/2017 09:10

www.flowtechfluidpower.com/investors/shareholder-analysis

[bb123] 18/4/2017 07:43

Please can you help with a list of the major share holders
Cheers

[edmundshaw] 10/4/2017 18:28

I am grateful to ST. I was getting overweight after recent good results and share price, so have taken the opportunity to scale back my holding - but only to a normal weighting, as I still rate this company as having great future prospects...

[sharw] 10/4/2017 17:29

or rather re-tipped. He first tipped this on 6/6/14 at 118p.

[x54v] 10/4/2017 12:28

Simon T. just tipped the shares



He reckons the all time high is likely to be broken.

[woodcutter] 06/4/2017 11:05

Petewy I tend to lean as much to the TA as to the FA when I'm analysisng stocks so it would depend how the chart reacted over the coming months as to where i thought a good entry point might be.

Edmund the other issue for me is it appears to operate to some extent as an engineering jobbing shop so recurring revenue isn't so easy to predict despite the fact they may have a very dependable client base so it could be a very cyclical business. Something to think about if we enter a general economic downturn.

woody

[petewy] 05/4/2017 22:49

Decent pullback is how much?