'Floated' on AIM on 21st May 2014, here it is, your all new Flowtech Fluidpower plc thread. The chart features Bollinger Bands, MACD, 50 and 200 day SMAs.

Web Site: www.flowtechfluidpower.com

Simon Thomson has reviewed the results today and still rates these as a 'BUY'. Target price now 150p down from 165 reflecting oil industry exposure, but says that this is still a growth stock.

A few big trades going through today and the share price responds immediately. Nice to see on a bad day in the market. I suspect an overhang has been cleared.

Still showing good strength in this weak market. Trading now between 125 and 135. The 135 level will prove a tough nut to crack, but I reckon it will sail through on the next positive update.

Flowtech has announced the further strengthening of its product offering in the growing sector of hydraulics through the acquisition of Nelson Hydraulics Limited and its parent company Nelson Fluid Power Limited (‘NFP’). There was also news of a smaller acquisition.

The acquisitions result in revenue estimates increasing by 7.4% to £46.2m and 16.2% to £52.9m for financial years ending December 2015 and 2016 respectively, with earnings per share lifted to 12.9p for 2015 and 15p for 2016. At the current share price (135p) this puts the shares on a multiple of only 10.5x for FY15 and 9x for 2016 with the dividend yield 3.9%, covered more than 2x.

FLO has been one of the lower profile new arrivals on AIM (listing May 2014) but it seems to be progressing very nicely.

Read more at http://www.investorschampion.com/blog/

You beat me to it. Looks to be a good purchase.

Good to see that this is in demand again and making new highs. My target is 165 by end of year.

Half year result for Flowtech, watch the video here!

Results in line, looking good and more acquisitions to come!

Read more at http://tinyurl.com/pc3py69

For the record, I sold out of FLO at 147.5p a couple of weeks ago and bought into ENTU at 68.5p after the recent big fall after the profit warning. Not one of my best moves.