Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Yes I saw that video from Judith Mackenzie,
If I say so myself I've managed to trade this like a demon recently, bought at 75, sold at 93 on the basis it was tipped below, then bought back at 84 and now a long term hold. Happen to agree with Downing and Judith
FLO backed by Downing LLP.
Vox Markets - 18/12/20:
Judith MacKenzie of Downing LLP discusses her portfolio and predictions for 2021
Https://www.**********.co.uk/articles/judith-mackenzie-of-downing-llp-discusses-her-portfolio-and-predictions-for-2021-daf2c6a/
I think we are well placed to handle Brexit, and maintenance programs still need to be carried out on machinery. Good management IMO, should rebound next year ( fingers crossed,+ think there is a buyer in the background collecting shares cheaply) Best of luck to us all.
...the half year results, (due tomorrow), are better than expected. The COVID effect will of course deflate them, but maybe things are picking up faster than anticipated. Good buying window I feel.
"I am delighted with the manner in which the management team, and all our colleagues within our business, have responded to the challenges presented by Covid-19, particularly in ensuring the safety of our employees and the continuity of supply to our customers. It is pleasing to see that our trading and cash performance have proven to be as resilient as we had anticipated.
Prior to the impact of Covid-19 the business had been performing marginally ahead of our expectations in 2020. The last part of March and the whole of April saw our Revenues reduce by approximately 40%. The impact was approximately 30% in May and we are confident this improving trend will continue. The cost reduction measures we had already taken, and those we took due to the outbreak, have led to an approximate adjusted EBITDA breakeven position in April and May. We now look forward to a return to profitable trading as conditions improve. Our cash position remains good; we continue to operate with significant headroom to our aggregate £25m banking facilities.
We look forward to providing our next Trading Update for Q2 in July."
An excellent report which shows what a tremendous BoD we have.
The provisions made will serve the company well when the recovery gets under way and I'll be looking to take profits elsewhere and buy more for the bottom drawer.
This will once again become a good income provider.
...Russell Cash taking almost £20k's worth.
At this price, the divi is almost 7%, buy and tuck away.
£370k buy!
Seems others agree.
...the dividend will be maintained.
Time for a top up I think.
Tried to sell 10k. Offered 111p. Tried to buy 10k. Asked for 117p. Crazy. Just too greedy.
Given the wider political uncertainty, the results look reasonable with the Board expressing a conservative outlook for the next few months. All-in-all, only a pause in the growth story.
Business continues to move forward and with near 5% dividend yield looks to have plenty of upside to share price.
200 day moving average has been broken and almost a golden cross. Could have a decent breakout from here as this is a financially solid company with decent growth potential.
Can easily see this rise above £3+
ST in Investors Chronicle write up and BUY recommendation today
Google - Flowtech’s focus on return on capital
...bizarre couple of days!
Agreed, happy to collect the dividends and sit back.
Broadly positive: Strong growth; increasing net profit; 5% divi yield (applying proposed 5% increase to last year's annual dividend); increase in debt to facilitate customer service and to deal with brexit - can expect the Brexit element to eventually unwind.
Hoped that red dot was the trading update due any day. All very quiet as market waits (hopefully) positive news. Happy with progress since buy in October, but needs a boost. Still cheap.
Oversold, spread is closing. top up.
Good results with steady progress into 2019, should be moving up soon.
Happy to wait for further reductions, but this is now getting very cheap.
I agree. Oversold.
By Non exec chairman £20K...thats 2 buys declared today!
BUY!
20500 shares