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FLowGroup

June 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FLOW
  • Price:
  • 27.25p
Flowgroup has completed a placing to raise £23m before expenses. In a significant vote of confidence, Jabil, Flowgroup's manufacturing partner, has invested £7.4m. The new money will be used to accelerate development of a combi boiler using Flow’s mCHP technology, which increases the addressable market in the UK from the current 400,000 to 1.7m boilers per year and provides early entry into European markets. With this investment, the Flow mCHP combination version can be in production by H2 16, a year in advance of the current plan with the current resources.The Board is targeting to be net cash flow generative by Q4 15 and profitable by Q1 16.Reflecting new shares in issue and slight delays to getting its CE T ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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