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.
Fluid power products business Flowtech Fluidpower (FLO) is a company we have successfully covered on this website before – banking a less than six months 39.5% offer to bid gain last year at a 117.5p bid price, though also noting then that on continuing strong trading recovery delivery there is likely some further upside. The shares went on to reach 150p and this year’s half-year numbers showed further positive trading recovery… but the shares are currently available at a 109.5p offer price. We therefore now ride again, targeting a return to 140p+ as trading delivery is further proven and market sentiment improves from here.
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