'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

Admission to AIM:
Flowtech's Admission and trading of its Ordinary Shares commences at 08:00am today (21 May) on the AIM market of the London Stock Exchange (TIDM identifier FLO)

Flowtech has successfully raised £40 million via the Placing of 40,000,000 new ordinary shares with institutional and other investors at a Placing price of 100 pence per ordinary share, capitalizing the business on Admission at £40m

The Flowtech business:
Flowtech, founded in 1983, is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK and Benelux. It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Own Brand products to c.3,000 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 47,000 individual product lines and is distributed to more than 90,000 industrial Maintenance, Repair and Overhaul end users (MRO). Over 80% of product is stocked and ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering.

The Group's headquarters and main distribution centre is in Skelmersdale, Lancashire with further centres in the Netherlands and China; in total, the business employs 160 people.

The management team, led by Sean Fennon who has been with Flowtech since 2009, has overseen significant growth in operating profit in a challenging macro-economic climate.

Flowtech has established a cash generative financial track record over a number of years. As at 31 December 2013, Flowtech achieved an operating profit of £4.3 million and revenue of £34.3m

http://www.flowtechfluidpower.com/investors/key-documents-and-downloads/aim-admission-document

Time to start a thread for FLO. News today of its first acquisition since joining AIM. Looks to be a sensible bolt on. Share price moving up in response with good volume and a lot of chunky trades going through. Any recent price weakness since launch (at £1.00 per share) must have been down to expectation of the deal and the issue of new shares. I have an end of year target of £1.40.

hmmm looks interesting ...will have to do a bit more research . cheers LG.

Interims due Tuesday 16th September. I was alerted to these by a Simon Thompson tip in IC, Goldfinger.

That chaps pretty good. thanks.

Listen: Flowtech Fluidpower (FLO) - Acquisition of Primary Fluid Holdings Limited

Click here

Link doesn't work js106455.

Very tempted. Cheers LG.

Decent set of maiden numbers out today. I calculate EPS at approx. 6.5p, so full year we are looking at a PE of around 10. Maiden divi also declared in line with prospectus forecast. Nothing here to scare the horses. All seems to be proceeding as planned. Not overpriced, decent progressive divi and some good growth prospects as well.
Today's announcement is in line with flotation forecasts so the price hasn't reacted to the news. This is undervalued. An end of year PE of just 13 would add another 40p to the share price. Plenty to go for here.

Ouch! That's a bit of a sell-off. This is now down in bargain territory. No reason that I can see other than the small caps getting a drubbing by the market. Can I find funds for a few more?

Still moving ahead and making new highs today. Target is 165p by next results.

Simmon T of IC tip today - So having considered the investment case, and weighed up the downside risks, I feel that a share price nearer to 165p, or 12 times 2015 earnings estimates, is a fairer valuation for the equity.

Maiden preliminary results - core business remains solid and underlying operating profit is up 15.4% to £6.2M (2013 £5.3M.) Revenues were £37.8m (2013: £32.1m). More at http://tinyurl.com/mzsycvu

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!