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Another good looking acquisition. My usual 'moan' that private investors are treated as second-class investors as they are denied the opportunity to acquire shares at a discounted price. Yet another letter to the FCA!
The company that keeps on giving.
Yet another sparkling performance.
Just bought in yesterday see that they have announced purchase of HES FOR 4.1 m
Expecting more solid growth.
another takeover...
After all these recent small takeovers, that FLOW itself has now become a takeover target itself?
As one of the long term investors I'm pleased that the results show that consolidation is a worthwhile activity and that the market has finally woken up FLO's actual performance and potential performance.
So Flowtech has bought up HTL. I used to deal with HTL when they were BYPY. As an aside HTL is about the worst name anyone could choose for a company in the 21st Century, PARTICULARLY as there was already a well established hydraulics company with those exact same initials. Oh, HTL stands for Hydraulics and Transmissions Ltd - so if you do a Google trying to find them, chances are you'll land on a Parker website. Always loved dealing with the actual company though. Really good staff from top to bottom. Hopefully they change the name now they're under the Flowtech umbrella. No idea what BYPY stood for but at least it gave a unique Google result when you wanted to get to the website. I'm pretty much 100% banks for my week by week trading these days, but anyone got a strong opinion on these guys?
...,half-year report today. Looks like a solid company going places.
"It’s not often you get the opportunity to buy shares in a lowly geared company on less than 8 times earnings and underpinned by a 5 per cent plus dividend yield when it’s expected to generate 15 per cent earnings growth, but that’s what’s on offer from Skelmersdale-based Flowtech Fluidpower (FLO:103p), the UK's leading specialist supplier of technical fluid power products. Furthermore, with net debt of £14.1m at the end of June accounting for less than a quarter of shareholders funds, then the board has ample firepower to make earnings accretive acquisitions as it has been doing."
ditto - got it under 100 too
Usual initial over-reaction to announcement about slight shortfall from market expectations. Topped-up my holding.
opportunity to top up at IPO level. financials are solid. excerpt from the AGM trading update last month. "Turning to our markets, we remain vigilant and ever aware of the more challenging conditions being experienced across the majority of industrial sectors, particularly in the UK. Also, consideration has to be given to the current BREXIT campaign and the uncertainty surrounding its outcome. Whilst this factor is causing a degree of constraint in some of our markets, the Directors believe this to be a short term influence. "In summary, therefore, we fully anticipate that Group trading for the 2016 financial year will meet market expectations and we remain optimistic about the future of the Group."
Price is back to the 100p IPO level which is a shame as it had rallied nicely since last November. Would be nice to hear a reassuring statement regarding Brexit as there wasn't much mention of the topic in the annual results other than increased uncertainty. Not actually sure who would be the sellers at this level but it's another chance for anyone to buy in for a decent yield although it will be a long wait before the full year dividend rolls around again.
another one I like similar to this is Trifast.
thanks for sharing. very good quality stock especially for AIM. I have built up a good position in this. I believe this could be a good growth stock in line with Slater's Zulu principles. good size company for growth as well.
no they were out 9th April
Results out post market close.
Happy to be a shareholder.
Looks like, based on today's share purchases, that I'm not the only one expecting the next results announcement to be very positive.
ah Mr Shan, we meet again, don't you go getting a cheaper price than me now, I bought way too soon !
mmm looking interesting and mentioned by ST in IC worth a research
Positive report today with all metrics seemingly going in the right direction. Recruitment of a 'big hitter'. Suspect some parts of the market will be nervous about potential acquisitions.
Just to expand on my previous message which was written like a man inebriated; I put this on my watchlist earlier in the year for a small cap value play but the price shot up prior to the H2 dividend so I held off. It got a mention in the FT on one of John Lee's articles perhaps as it seemed to sort of company to suit his investment style which seems to be value small caps with a healthy yield. Since the price has fallen, it got a mention in a "Bull call of the day" tweet by Zak Mir who saw a falling wedge pattern along with bullish divergence in the RSI suggesting a dead cat bounce. I bought in recently because it looked good value based on the half year results with PE less than 10 and yield over 5%. No idea how it will work out.