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By Steve Moore | Tuesday 23 October 2018
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.
Technical fluid power products supplier Flowtech Fluidpower (FLO) has updated on trading including “revenue during the first nine months of the current financial year increased by 54%, of which 6.7% was organic… Since reporting our HY1 2018 results and market update in September the business has experienced a solid trading period which remains in line with market expectations”. The shares have currently responded slightly higher, but a still sub 120p share price compares to approaching 180p last month. Hmmm…
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