Fulcrum Utility Services... Share Discussion Threads

[neilyb675] 16/2/2024 11:51

cheers thiopia ✔👀
0004;👀

[thiopia] 25/1/2024 23:10

some real potential in energy infrastructure ...

Fulcrum could become a major growth company in this sort of scenario...

www.proactiveinvestors.co.uk/companies/news/1039347/kromek-lands-1-4m-eu-order-1039347.html
Octopus Energy is reportedly planning to roll out its own pylons in a move which would end National Grid PLC (LSE:NG.)’s 30-year monopoly on England and Wales’ electricity network.

Talks have been held with regulator Ofgem over the plans as the energy firm looks to take issues expanding the UK’s grid into its own hands, according to The Telegraph.

“There’s increasing support for this idea that there’s more than one way to skin a cat,” Octopus chief executive Greg Jackson told the newspaper.

“If we could find ways to build power infrastructure that are faster and cheaper, who wouldn’t want it?”

National Grid is currently working to address a lengthy queue of energy projects waiting to join the UK’s power grid.

However, local opposition against new infrastructure often stands in the way of simply building new pylons.

Jackson suggested the introduction of competition into the market could encourage innovation to overcome such issues, including through alternatives to pylons.

“In these areas where people are worried about pylons, there can be ways of building infrastructure where there might be less community resistance,” he said.

“There are so many different routes you could use, so many different construction technologies and different ways of solving it. It is ripe for innovation.”

The venture would follow Octopus's 2021 acquisition of Eclipse Power Networks, which currently builds small-scale local power distribution networks.

The proposal is set to be consulted on early this year, according to Ofgem, after the regulator was ordered to assess such competition for the onshore energy transmission market through the 2023 Energy Act.

[thiopia] 22/1/2024 00:21

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[thiopia] 22/1/2024 00:19

recruiting and expanding

[neilyb675] 28/12/2023 11:50

excellent find, thanks for sharing thiopia

[neilyb675] 03/10/2023 18:37

happy holder :-)

I wont be bullied out of my shares by delist.

Company still exists, so happy to sit on my shares bought at much reduced price compared to the 2 major shareholders.

Let them get on and return the company to profit (and dividends). Yes delisted shares can still pay a dividend. RAVP is one example.

[thiopia] 03/10/2023 12:34

So the shareholders who paid 12p+ going to shoot themselves in the foot ? They might want to look out for themselves and actually achieve a much better outcome than that. Either way no brainer at 0.1p

[EDIT : Of course nothing is a no-brainer in our corrupt financial markets nor our corrupt Premier League)

[nicholasblake] 03/10/2023 11:53

NAV will go to 0.5p or so when loan converts.

[thiopia] 03/10/2023 11:32

Crazy prices earlier.

0.10p for NAV/share of 4.34p

The major shareholders who paid 12p+ taking it private so you'd think they have a plan that includes minority shareholders

Personally happy to stick with it for a potential multi-bag return at a very cheap option price

[alibulut] 26/9/2023 16:42

Sp should rise slowly. Some decide to sell with lost, some will be long holder. What ever returns they gets unknown. But delisting purposes for the benefit of share holders and company. We should not be pessimistic for the future of our investments.

[scubadiverr] 26/9/2023 16:19

Any ideas what is to happen now?

[thiopia] 25/9/2023 20:20

fellow de-lister

mudbath 25 Sep '23 - 19:42 - 543 of 543

The bid price for PTRO shares rose by 75% through the day. (0.4 to 0.7p)

Will we see the share price rise above 1.25p before the final day of trading on Thursday ?

[neilyb675] 24/9/2023 18:43

....at 0.10p I would be adding, and comfortable in doing so.

[thiopia] 24/9/2023 16:07

Chart poised interestingly. If it drops on result of vote I might pick some more up

Could see it drop to 0.10p if de-listing vote approved

Spike to 0.50p if de-listing denied ?

[thiopia] 24/9/2023 16:05

suspect the de-listing will be approved, we'd have seen bigger spike before hand if there was concerted effort to win the vote from anti-delisting side

comfortable with de-listing because even in an asset grab you'd imagine shareholders (even minority ones) will be protected Harwood were tendering for stock at 26p they will want some payback you'd assume




8 April 2020

PROPOSED TENDER OFFER, BY HARWOOD CAPITAL LLP, TO PURCHASE UP TO 53,500,000 ORDINARY SHARES OF FULCRUM UTILITY SERVICES LIMITED,

AT A PRICE OF 26.25 PENCE PER SHARE

Highlights:

· In response to the extraordinary movement in the share price, towards the end of trading today, in the shares of Fulcrum Utility Services Limited ("Fulcrum"), Harwood Capital LLP ("Harwood") today announces a proposed tender offer (the "Tender Offer"), by a special purpose vehicle, to be established by Harwood (the "Harwood SPV"), to acquire up to 53,500,000 ordinary shares of 0.1p each in the capital of Fulcrum ("Ordinary Shares"), representing up to approximately 24.1 per cent. of Fulcrum's existing issued share capital.

· This Tender Offer has been accelerated by Harwood, as a result of today's share price movements and, as such, Harwood has not had the opportunity to discuss the Tender Offer with the board of Fulcrum ahead of this announcement.

· The Tender Offer price of 26.25 pence per share represents an attractive premium of approximately:

- 47.5 per cent. to the closing bid price of 17.8 pence per Ordinary Share on 7 April 2020 (being the latest practicable date prior to the publication of this announcement);

- 42.7 per cent. to the closing middle market price of 18.4 pence per Ordinary Share on 7 April 2020 (being the latest practicable date prior to the publication of this announcement); and

- 80.3 per cent. to the volume weighted average price of 14.56 pence per Ordinary Share over the twenty business days up to and including 7 April 2020 (being the latest practicable date prior to the publication of this announcement).

· Harwood believes that the Tender Offer represents both a significant premium to any relevant share price metric, as well as offering a significant liquidity event to all shareholders, against the background of the current, and sustained, market dislocation and global macro-economic uncertainty.

[neilyb675] 23/9/2023 08:47

1 June 2023

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or "the Group")

Domestic Asset Sale Update

Fulcrum announces an update on the sale of its domestic customer gas connection assets and associated meters to E.S. Pipelines Limited ("ESP").

The Group confirms the successful completion of tranche seven of the domestic gas assets transfer to ESP for a total consideration of £2.2 million on 31 May 2023.

£2.0 million of this was received in cash on 31 May 2023, with the retention balance of £0.2 million expected to be received on 30 November 2024.

The total gross consideration receivable by Fulcrum is expected to be c.£49 million. £36 million has been received to-date, leaving approximately £13.1 million to be received.

The arrangement with ESP also includes further milestone targets which, if achieved, would trigger additional enhanced payments of up to £3 million over the remaining term of the contract.

[neilyb675] 22/9/2023 17:26

Taken a small position here - somewhat out of intrigue, somewhat out of a hunch that this is a win/win from the current entry price.

The last results RNS suggests a turnaround is being effected and that this is certainly not a business about to fold.

So then I started to peel back a few layers and yes there is a huge ownership by 2 parties ......

Harwood Capital 114,892,352 28.8%
Bayford Group 116,212,821 29.1%

The fact this isn't a forced delisting, but a choice by the company smacks of asset grab.

Not keen on this....but I'm not a forced seller so happy to sit on my 100k shares bought that would have cost £12k (that the directors paid in the January 2022 placing at 12p per share), but only cost me £198 !!!

"To facilitate future Shareholder transactions in Ordinary Shares, JP Jenkins has been appointed to provide a Matched Bargain Facility, which is expected to be available from 4 October 2023. Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK regulated stockbroker."

[scubadiverr] 21/9/2023 16:25

You bet to align your interests with him not against him. Look into Harwood capital and also the loans owed to Harwood. IMO that is why there appears to be such a large value discrepancy

[thiopia] 21/9/2023 16:12

I don't follow?

[scubadiverr] 21/9/2023 16:00

Christopher Mills

[thiopia] 21/9/2023 14:19

Outlook
Turning the Group’s performance around has been a challenging task and is ongoing, but we are making good progress, at pace.
The Board is pleased that the Group is on a path back to profitability and that its foundations are being continually strengthened to
deliver a successful future.
Medium to long-term market fundamentals are supported by the UK’s transition to a low carbon economy and also continue to be
very strong. Considering all of this, I am confident that the Group is well positioned to take advantage of the many and significant
opportunities available to it as we move forward.

Jennifer Babington
Non-executive Chair
18 August 2023

Current Mkt Cap at 0.125p = £0.5m vs Tangible Assets in PPE of £30m ! and Net Assets of £20m !

What is going on here ?!

[alibulut] 24/8/2023 14:42

What Happens to Shareholders When a Company Goes Private? Shareholders agree to accept the offer to be bought out by investors. They give up ownership in the company in exchange for a premium price for each share that they own.

[alibulut] 24/8/2023 14:41

When a company delists voluntarily, shareholders will usually receive cash to buy them out or shares in the new, acquiring company. 6 When it is forced to go, the outcome is usually different. No special offer comes.