Cantor Fitzgerald indicate a potential 163.7% upside for Flowgroup (LON:FLOW), with Reuters targets ranging from GBp 41 to GBp 60. The 50day MA is 40.7% and 200day MA is 60.7%.
This worldwide patented boiler has now got 170,000 boilers installed from 100,000 at the end of 2015. The statement "We think it could transform the global boiler market",may well become a reality.
Now the first commercial boilers are being installed and a deal has been set up by shell to supply their gas. The company has just received MSC accreditation (micro-generation certificate scheme), which means it qualifies for the government subsidy known as feed in tariffs.
Also on 8th April 2016 the 5% VAT rate for this type of business has been approved by the EU. This means that they can claim a saving of £500 pa on their boilers, taking the feed in tariffs into account. They also make a claim that electric is 2/3 cheaper than traditional power stations and that the carbon footprint is also 20% lower.
Flow Finance can have a boiler installed for just £75.50 per month. They are still in a negative earnings situation though so may take a while to come into profit. The potential again is for producing 1000's of new jobs.
The StockRank is 28 with a 75 for momentum.
Share price 24.95p 4:20pm 15/4/16
