Small Cap Value Report (Tue 17 Apr 2018) - FLO, FLTA, PRV, CTG, FDL
Hi, it's Paul here!
I've got a lot of preparation to do for this Saturday's UK Investor Show. So please forgive me if this week's SCVRs are a little shorter than usual.
I'll get started with a couple of reader suggestions;
Flowtech Fluidpower (LON:FLO)
Filta Group (LON:FLTA)
Flowtech Fluidpower (LON:FLO)
Share price: 174.25p (up 0.6% today)No. shares: 56.4mMarket cap: £98.3m
Q1 2018 trading update
AIM listed specialist technical fluid power products supplier Flowtech Fluidpower plc (LSE: symbol FLO), is pleased to announce the following unaudited update on its performance for the three months ended 31 March 2018 and to the period up to this announcement:
Strong revenue growth, but mainly from acquisitions.
Q1 revenues £26.5m (up 51.4% on prior year, which is slightly different to the 49.7% increase mentioned below, I'm not sure what the discrepancy is)
Six deals seems an awful lot to do in one year;
Group revenue during the first three months of the current year increased by 49.7%, of which 6.3% was organic, with the balance representing acquisitive growth from the six deals completed in the past twelve...