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: 56.4m
Market 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 months.

Selling prices increased from 1 April 2018 - should boost Q2.

Order book for project-based work is ahead of last year.

Gross margin in line with market expectations.

Net debt - has risen considerably, from £5.5m a year ago, to £18.4m at 31 Mar 2018.

Placing - note that £5.2m additional cash was received shortly after the end of Q1, so we can adjust net debt to £13.2m.

Most recent acquisition is going well.

Results for y/e 31 Dec 2017- unusually, FLO has issued its Q1 update in a separate RNS to its 2017 results.

At first sight, these figures don't look madly exciting. EPS fell, from 10.17p in 2016, to 9.69p in 2017. The company doesn't seem to disclose an underlying EPS figure though. Looking at a broker note, the adjusted EPS for 2017 is given as 14.9p. Why didn't the company mention this figure in its results statement? That seems a glaring omission.

Underlying profit rose 21.9% to £9.08m, which the company says is in line with market expectations.

Dividends totalling 5.78p…

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