Results out next Thursday 19th June



Flintstone is a technology incubator which specialises in commercialising Russian academic research, particularly in the field of surface coatings.

http://www.flintstoneplc.com
http://www.seymourpierce.com/pdf/prospectuses/recent/Flintstone_Technologies_Plc.pdf

Some fairly recent background on two of the portfolio companies
http://www.oxfordtechnology.com/files/Biocote.html
http://www.oxfordtechnology.com/files/Hardide.html

From the interims: Flintstones' investments include:

BioCote A range of anti-bacterial powder coatings for metal, wood and plastic
surfaces. This was sourced UK as it fitted Flintstone's portfolio.

Firestop A range of non-brominated and halogen free flame-retardants for use
with plastics, textiles, wood and metal.

Hardide Ltd is a company that has developed a chemical process for creating
super-hard tungsten carbide surfaces on steels and other surfaces. The process
can enhance the life of steel components by a factor of 10.

Intellikraft Next-generation rechargeable batteries based on nano treatment of
advanced ceramic material.

Keronite Process for creating hardened surfaces on aluminium, magnesium and
titanium.

Flintstone has sourced four further technologies. Like the existing portfolio,
these companies operate in the surface engineering and speciality chemicals
markets.
----------------------------
Biocote is based on the bacteria-killing properties of silver. There was a flotation indicated for the first half of 2003 but this does not seem to have transpired. However a private investor recently took a placing at 125p versus the 100p it is carried at in Flintstone's accounts.

There is something called the Ultra Motor which apparently is a regenerative DC motor of remarkable efficiency and lightness. Flintstone owns 80%.

It's been a long road for Flintstone and its investors. However in my belief it is quietly developing its portfolio companies, several of which are operational and doing business, and its efforts may be about to bear fruit.

EDIT: I do not have a breakdown of Flintstone shareholders. AXA has various holdings apparently as nominees, also something called Throgmorton Trust. The Oxford VCTs have holdings in several of the companies. It's intriguing that Flintstone has offices in UK, Moscow... and Cyprus. Those familiar with the Russian investment scene may care to ponder this last.

Nothing much to go for in the results out today. Re Biocote, Firestop Chemicals, Hardide and Keronite

"The next twelve to eighteen months will be an important stage in the development of these companies and if they adhere to their budgets and forecasts, all should move into a trading profit on a monthly basis within that period."

No floats or sales mooted but FLT itself is funded for a year or two

If this goes down the pan, I assume the Chief Executive will be roasted......:)

Hardide expanding! See news

http://moneyam.uk-wire.com/cgi-bin/articles/200307040700041546N.html

I'm pretty sure the lack of info, and soggy price, is simply because they are able to get the funds in privately

Its annoying when a share falls on good news. Best stand back for a while, averaging down is not a good policy in these circs. Can't see anything really wrong with it though.

Meanwhile here is a detailed article about the Ultra Motor including a rather wobbly sounding electric bike ride! It's a DC direct drive (i.e. non-geared) brushless regenerative motor, suitable for electric vehicles... I think I understand enough to believe the basis of the efficiency claims. The company is 80% owned by FLT.



http://www.shelleys.demon.co.uk/apr03mot.htm

Ultra Motor website
http://www.solus-strategic.com/dev/ultramotor/

Reversal on volume, the classic formula

Moving nicely today, up 16%! (to 12.75, touch 12-13.25)

I bought this for value and am happy to hold. It started its AIM life at 34.5 barely a year ago. Seller out of the way if BB rumour is to be believed.

recent results appear positive.
read the announcement on uk-wire.com and there was some interesting remarks regarding signing up a Russian aluminium group to one of the subs companies products and also potential tie up on their elecric motor vehicle with a large indian company. good potential in india if its a good company
dyor
might be a useful one to keep an eye on if nothing else