Flowtech Fluidpower Share Discussion Threads

[boonkoh] 23/2/2018 16:26

Bug trade yesterday. Volume on advfn reported as near 2.5m.

[its the oxman] 23/2/2018 14:57

Steady buying suggests this is moving higher. Break of 200p just a matter of time.

[werewolfie] 25/1/2018 11:05

Cant understand the share price drop in light of the good news

[martinthebrave] 23/1/2018 08:32

"PBT in line with expectations(+43%) with +8% Organic growth. "Opportunities for further significant expansion have continued to be presented". "Order books for early 2018 are well ahead of the same point last year." PBT in line (+56%). That will do. Happy!

[edmundshaw] 23/1/2018 08:31

So a PE of about 13 for this year, and excellent growth in earnings. Seems very reasonable! :-)

[slopsjon2] 23/1/2018 08:06

Trading Update

Group revenue for the year ended 31 December 2017 increased by 45% over 2016, and c.43% in constant currency. After removing the effects of acquisitions, organic sales growth in the year is c.8.0%, which is consistent with the organic growth seen in Q4. For those Profit Centres with a greater bias towards project based work, and, Primary Fluid Power (PMC) and Orange County (Process), order books for the first part of 2018 are well ahead of the same point last year. The short-term outlook therefore remains encouraging.



Divisional Gross margins remain broadly in line with the prior year. As a result of a weightier mix towards the generally lower margin PMC operations, a slight reduction in overall margin % is projected, therefore, the Board expects underlying* Profit before tax for the year ended 31 December 2017 will be in the range £8.6m to £8.8m, which is in line with market expectations.



Net debt at c.£14.7m is marginally above market expectations. The key drivers behind this variance are an increase in stock balances, driven by the desire to maintain service levels to our customers, in the context of a substantial lengthening in industry wide lead times during the second half of 2017, and a continued investment in operational and IT resources to support our developments plans for 2018 and beyond. This includes the refurbishment of the Shared Logistics Centre (referred to below).

[alter ego] 17/1/2018 23:00

There was an update on the full year on 23 Jan last year.

[boonkoh] 17/1/2018 17:11

Massive lack of news flow here. Last rns almost 3 months ago. It would be nice if the company gave a Q4 and FY update. Maybe it's coming?

[fillspectre] 10/1/2018 00:00

The second trading week of 2018 doesn't seem to have quite the interest for FLO as the first week. Still wondering if FLO will figure in any January 2018 commentary from Simon Thomson in the IC. FS

[edmundshaw] 05/1/2018 09:44

I am pretty sure they are eyeing up several acquisitions. It is part of their raison d'être in a fragmented industry.

What is more important to me is that they seem to have a good handle on getting some of those acquisitions into good shape - rather like a well run supermarket instead of a bunch of variably well-run corner shops. That makes for real synergies rather than just a centralizing of admin and executive plus a bit of cross-sales.

[fillspectre] 05/1/2018 08:00

Yes alter ego - the diverse customer base is an attraction to this share. Terry Smith of Fundsmith in particular likes Companies that are involved in lots of small individual transactions across a diverse range of customers. A while back there were significant director purchases at about £1.40 and a fund raising at a similar level which I think currently underpins the price. Simon Thompson has been tipping this share for a while - and then of course we have the progressive dividend. It will be interesting to see the levels of growth for the Power Motion Control and Process divisions compares with the Q3 update. They might even be eyeing up another aquisition. The sterling exchange rate movement isn't causing any harm. I'm tending to think no news between trading updates means business as usual. This business has been around since 1983 so it is no fly by night outfit compared with many AIM Companies. Fils

[alter ego] 04/1/2018 23:04

Sorry Fils, I do not have a crystal ball. I think the customer/industry base is sufficiently diverse to avoid too many eggs in the same basket so barring a recession, it’s down to good management to deliver good results. So far, so good but I await an update to see if my investment is going well. Good luck.

[fillspectre] 04/1/2018 20:44

martinthebrave and alter ego - I don't like the noisy rumbustious boards either - the quality tends to diminish with increasing quantity. No we don't want a load of rampers storming in - but there is no point in having a bulletin board if nothing ever gets posted. At least I know there are two other PIs watching this share - I sometimes do wonder. Any predictions for the January 2018 statement? Fils

[alter ego] 04/1/2018 12:23

agree, quiet is good. Let the business do the talking, the share price will respond.

[martinthebrave] 04/1/2018 12:14

fillspectre It's the busy boards that you need to worry about! #FLO is looking good for a re-rating. The recent rise is very encouraging. High quality Growth Company on a PE of 10-11, a PEG <1 & a Stockrank of 95.Looks good to me. Happy Holder.

[fillspectre] 04/1/2018 11:38

I posted onto this board yesterday - but for some reason when I look at the bulletin board on my mobile - my latest post does not come up - I'm still seeing WereWolfie's 14th November post as the latest post.


This is a very quiet board!! Looks like a little bit of interest stirring into the Flotech Fluidpower share price at the beginning of 2018. We must be only about three weeks from a January trading statement if 2018 emulates 2017. I wonder if Simon Thompson will reiterate a buy tip this year? Fils

[werewolfie] 14/11/2017 10:26

I'm not reading any adverse news about the company so looks like it is an institution selling shares

[boonkoh] 13/11/2017 16:55

I keep hoping for an MBO or a private equity buyout. The valuation is still low and they have a clear sector consolidation strategy, just needing funds along the way to do so. The concentration of holdings must surely make it more attractive to pull off a buyout.

[sharw] 13/11/2017 15:51

Yes - 71% of shares are held by 10 institutional investors

[boonkoh] 13/11/2017 13:54

This share is super illiquid. Such big swings based on such small trading volumes.

[werewolfie] 13/11/2017 12:58

The fekk? 12p drop

[werewolfie] 03/11/2017 08:58

Thanks Rhomboid. The fundamentals look good so I'm hanging in there

[rhomboid] 02/11/2017 17:17

Simon Thompson at the Investors Chronicle, many of his followers appear somewhat impatient 🙄

[werewolfie] 02/11/2017 17:00

What's the ST effect?

[sharw] 02/11/2017 16:01

I've noticed that elsewhere with the ST effect. A large number of buys the minute his article appears online (23/10) and then as soon as it starts going down what I presume are a whole load of very tight stop losses kick in.