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FLO Flowtech Fluidpower Plc

2.25 (2.09%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Flowtech Fluidpower Plc LSE:FLO London Ordinary Share GB00BM4NR742 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  2.25 2.09% 110.00 1,224 16:35:12
Bid Price Offer Price High Price Low Price Open Price
107.00 108.50 110.00 110.00 110.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fluid Powr Cylindrs,actuatrs 112.1M -12.13M -0.1973 -5.58 67.64M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:12 UT 8 110.00 GBX

Flowtech Fluidpower (FLO) Latest News

Flowtech Fluidpower (FLO) Discussions and Chat

Flowtech Fluidpower Forums and Chat

Date Time Title Posts
23/5/202409:30Flowtech Fluidpower870
29/7/200818:56Go with the FLOMERICS - Lowly rated growth and short term arb play1,783
28/3/200815:31Where is Flomerics Heading?54

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Flowtech Fluidpower (FLO) Most Recent Trades

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Flowtech Fluidpower (FLO) Top Chat Posts

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Posted at 21/5/2024 12:27 by picnic
There was around 1m traded at the end of last week at £1.10.sounds as it could be the end of the Downing holding.
I note today that Odyssean IT has announced a tender offer.They hold 17.08% of FLO.
potential overhang ?
Posted at 24/4/2024 15:48 by boadicea
One wouldn't expect the share price to increase by 40% over a month without good reason. While the reults provided some optimistic noises (when don't they!) this is virtually the only share I hold where the FLOw of optimism has not ebbed beyong recall within days under current market conditions unless backed by hard figures.

So my odds on conclusion has to be that something is afoot.
Posted at 12/4/2024 11:11 by arthur_lame_stocks
But what is so good about FLO? Despite the large adjusted profit they declare every year, they've made absolutely no dent in that net debt for as long as I've followed them. What about the cashflow?
Posted at 12/4/2024 09:56 by fillipe
Another nice daily up-tick today and with both the bid/ask at/above the 100p marker.
Looking good at FLO.

Posted at 09/4/2024 09:14 by fillipe
Some regular decent daily up-ticks on FLO recently.

Posted at 05/4/2024 11:16 by red ninja
So is it rumours/hopes of a takeover or hopes of the new management turning the company around that's boosting the share price ?
Posted at 15/2/2024 15:04 by camerongd53
I was thinking that myself, with the share price not going anywhere recently, that FLO like most ompanies on the UK stock excchange, could becocme a cheap and tasty morcel for US or EU predator
Posted at 02/2/2024 15:41 by red ninja
The market seems to be pleased that FLO kept to underlying profit expectations :-

"The Board is pleased to report that the underlying profit* for the year ended 31 December 2023 is expected to be in line with market expectations."

I'm hoping Mike England and his team can make some good process over the next few years.

Topped up in the price range 77 - 82p.

I'm hoping that over the medium term with inflation/rates coming down and the FLO team working hard this can be a £1.50 -£2.0 share in line with some financial analysts expectations.

Time will tell if that realistic. I'm a holder. I'm often wrong. DYOR
Posted at 01/12/2023 12:49 by red ninja
Well thought of Odyssean Investment Trust, Interim Report (30/11/2023) comment on FLO :-

Flowtech’s interims downgraded full year expectations with good
momentum in its Solutions and Services offer unable to offset
market weakness impacting the distribution focused (and higher
margin) Flowtech business. The new CEO Mike England has
rapidly strengthened the exec team, identified a performance
improvement plan and refreshed the group strategy aiming to
address the wider market of motion products beyond pneumatics
and hydraulics. We are positive on these developments, although
the market outlook remains uncertain, we see significant value to
come from the new team implementing their plan and building a
stronger, more scalable platform for future growth.
Posted at 10/11/2023 11:32 by red ninja
DSM interim report comment on FLO (also DSM announces that it will be winding down over time) :-

Flowtech Fluidpower plc (7.5% of NAV. Detracted 2.3% from performance and saw share price fall by 22.8% in the period) had a profit warning in the period combined with a tweak to the strategic direction of the business. In some ways this was inevitable with a change of CEO and now the business is led by a through-and-through distributor with Mike England having come from Electrocomponents and prior to that Brammer and Hagemeyer/ Rexel. If anyone should know what good looks like for Flowtech, it ought to be Mike.

The new strategy will build on many of the foundations already put in place but will create a simpler and more cohesive customer proposition going forward. Distribution relies on delighting customers consistently and Flowtech stumbled through a reorganisation in the first half of the year which resulted in negative growth in the highest margin segment of the group. While we had no direct evidence of a reduction in customer confidence in previous periods, we had noticed some negative commentary around some of the reorganisation undertaken by management previously. In hindsight, this was probably already being reflected in some weaker than expected performance, which we unfortunately boiled down to a weaker market overall. The simpler operating model going forward, consolidated under a single brand, should return focus to the customer and the business can build from here on its already strong market position.

The other significant change introduced by Mike is to increase the size of the addressable market by moving into the power, motion, and control sector. This will triple the market size and provide the opportunity to accelerate growth from a low base. The e-commerce offering, while receiving a lot of attention, still lacks traction and is not as progressed as it should be. Once running properly, and with a refreshed sales and marketing effort, the opportunity to generate incremental cross-selling should begin to play through.

Overall, whilst it’s disappointing that progress has been slow and, in some cases, negative, the strategic shift sounds sensible driven by an experienced distributor has significant merit and increases revenue and earnings potential for the future. We remain of the view that Flowtech can be a mid-teens EBITDA business if run correctly and that presents attractive upside over the coming years. Management will have to work hard to achieve the £13m expected EBITDA in 2024 but a prospective EV/ EBITDA of sub 6x and free cash flow yield well north of 10% provides sufficient reward if execution is flawless from here.
Flowtech Fluidpower share price data is direct from the London Stock Exchange

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