By Steve Moore | Tuesday 14 January 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on technical fluid power products company Flowtech Fluidpower (FLO), despite house broker finnCap looking for a full-year underlying pre-tax profit rising above £12 million, generating earnings per share of 16.5p – up from 2018’s 14.7p, I noted concern regarding the ability to deliver “another year of solid progress”. Now “Trading Update - for the year to 31 December 2019” commencing; “Market conditions in the second half of 2019, in particular the final quarter, have been challenging”. Uh oh…
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