Flowtech Fluidpower (FLO)

Sector:

Engineering

Index:

FTSE AIM All-Share

111.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 115.50
  • 52 Week Low: 73.60
  • Currency: UK Pounds
  • Shares Issued: 61.49m
  • Volume: 43,087
  • Market Cap: £68.26m
  • RiskGrade: 187

Flowtech Fluidpower records further organic growth, reduces net debt

By Iain Gilbert

Date: Friday 12 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Technical fluid power products supplier Flowtech Fluidpower achieved further organic growth and reduced net debt during the first half of its trading year.
Flowtech Fluidpower reported organic growth of 2.9% on Friday and also revealed it had cut net debt by 5.53% to £18.8m for the six months ended 30 June.

The AIM-listed group also expects to achieve "another year of solid progress" despite less buoyant market conditions, with trading currently in line with market expectations.

Group revenue meanwhile increased 5.7% to £59.6m.

Flowtech said its directors remained confident about the future for the group and highlighted that its "continuing focus" on working capital management "should lead to further debt reduction by the end of 2019".

As of 0900 BST, Flowtech shares had picked p 2.38% to 129p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLO Market Data

Currency UK Pounds
Share Price 111.00p
Change Today -4.00p
% Change -3.48 %
52 Week High 115.50
52 Week Low 73.60
Volume 43,087
Shares Issued 61.49m
Market Cap £68.26m
RiskGrade 187

FLO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.26% below the market average53.26% below the market average53.26% below the market average53.26% below the market average53.26% below the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average
Price Trend
48.50% above the market average48.50% above the market average48.50% above the market average48.50% above the market average48.50% above the market average
25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average
Income
99.75% below the market average99.75% below the market average99.75% below the market average99.75% below the market average99.75% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Growth
35.89% below the market average35.89% below the market average35.89% below the market average35.89% below the market average35.89% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLO Dividends

  Latest Previous
  Final Final
Ex-Div 20-Jun-24 22-Jun-23
Paid 19-Jul-24 21-Jul-23
Amount 2.10p 2.10p

Trades for 03-May-2024

Time Volume / Share Price
15:49 1 @ 113.50p
15:00 1,374 @ 113.43p
12:13 24,325 @ 111.00p
14:09 208 @ 113.08p
14:07 229 @ 110.53p

FLO Key Personnel

CFO Russell Cash

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