Flowgroup - Re: FLOW Stream Log - Well, that RNS should remove...

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09:52 30/04/2015

Well, that RNS should remove a lot if the doubts voiced over the last 2-3 months! 1. Is the boiler really capable of producing electricity at a commercially attractive efficiency? Well, if anyone knows Jabil do .. and they're stumping up £8.4 million. 2. Are the boilers actually selling? The sign ups are in line with the internal forecasts, ie indicating that 18,000 for the year is on track. Reservations are not the same as installs but they should align in the near future. 3. Is the company all 'jam tomorrow'? Well, there was no need to forecast in this RNS being positively cash generative by end 2015 and profitable by H1 2016.... but they did! 4. Is the energy business proving a good route to market? On today's news it either is proving so or it isn't but is proving profitable anyway in it's own right. There wouldn't be any logic in aiming for 800,000 accounts otherwise. All in all, plenty detail and very optimistic. No need for a newsletter now.

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