||ORD 0.1P (DI)
||EPS - Basic
||Market Cap (m)
Fulcrum Utility Share Discussion Threads
Showing 176 to 198 of 200 messages
|From IC last week:
Investors who sent Fulcrum Utility 's (FCRM) share price down 3 per cent following the half-year results announcement were, perhaps, overly focused on the top line. Ignore the relatively flat revenue performance and this is another impressive set of numbers. The gross margin widened by 8 percentage points, helping to double pre-tax profit and providing £3.8m of net cash from operations (£0.1m in FY2016). Given the strong cash generation, management has taken the decision to adopt a formal dividend policy that aims to pay out approximately half of net profits to shareholders.
Having enhanced the operational capacity of the business, management is focused on growing the top line. The period-end order book stood at £24.4m - up 12 per cent on that booked by the end of March.
The increase reflected a string of contracts, including a £4m deal to install a new gas pipeline to a large food manufacturing plant in the south-west. "We have the capacity to deliver 12 of these large contracts at one time," says chief executive Martin Donnachie. But the company is not relying on this headroom for growth: rather, it is expanding its offering by applying for a licence to own and operate electrical assets in a similar way to its gas network. Annualised gas transportation income also grew to £1.5m.
Broker Cenkos expects pre-tax profits of £6.4m for the year to March 2017, giving EPS of 3.4p (from £4.6m and 2.6p in FY2016).
The ownership of gas pipelines and meters gives Fulcrum a very secure revenue stream. Shares trading on 15 times forward earnings look good value for the growth on offer. Buy.
Last IC view: Buy, 41p, 7 Jun 2016|
|I also bought at 8p but sold out earlier this year at 26p thinking they wouldn't increase further this year. Another wrong decision !!|
|Great results today. Amazing to think that I bought these for 8p less than 3 years ago. What a transformation given the expected dividend alone this year is 1.8p. Just shows what can be done when you pick the right turnaround.|
|Thanks for that jambo192. Sounds reassuring in the post-brexit environment.|
|I'm holding the rest of mine. Think the company has been turned around really well and prospects look pretty good. construction activity may slow in the short term but still a good long term play.|
|Quite a savage drop on the news a director has sold some shares... overdone?|
|Just some healthy profit taking by the looks of things. The management team have really done very well to turn this around. "Turnarounds seldom turn" has been proven incorrect in this situation which has led to the excellent share price performance. Probably more upside if they can grow the revenue on a sustainable basis and the various new business lines should definitely help.|
|well I also thought the results were pretty decent; very surprised at the subsequent decline in share price.|
|Very strong results indeed. Excellent rise in the dividend. No posts on results day. All bodes very well.|
|Yes all very good. Surprised revenues are in line if the £4m contract finished one month early. That's the only negative from this very positive RNS.|
|Totally missed the boat with this one. Was going to buy when it dipped back down to 25p. Doh!! Good luck to all those that are invested !|
|V. positive update.|
|Well I've sold a third of mine today. Happy to hold the rest which are effectively nil cost shares now. All looks very encouraging.|
|Pre-close update could be due soon as they issued one last year on 27/3 - might be what's behind rise.|
|I sold out for 27p in December having tripled my original investment. I thought the share price had probably got infront of itself but obviously got that wrong. Anyway my decision and made a good profit so shouldn't complain.|
|Very quiet board here - anyone else still holding? Encouraging breakout recently.|
Nice lot of early buying got almost all but one MMs on the move up, so carry on with yesterday change of direction.
Now another move up after 15K buy, but this time bid goes much higher +0.50p to 24.50p|
|From the "UPS" thread earlier ..........
FCRM 24p ( 23.50 / 24.50p
after a few day on the pause, finally MMs decided to move up the prices despite only small trades, has now gone further up. Well undervalued on PE and high growth PEG|
|I see that there has been plenty of director sells recently . They obviously think that this share has got ahead of itself.. or they are banking good profits! Martin harrison seems to have timed it better than Stephen Gutteridge !|
|Just a healthy pull back. Uptrend still very much intact. The shares probably got a little ahead of themselves.|
|spread now 24 v 24.50p from a low on the day of 23 v 24p|
|From the "UPS" thread not long ago ......
FCRM 23.75p ( 23.50 / 24p )
Large drop this morning without much volume, at 23.50p had a 61.8% retracement ( time to bounce back ). Recent results where supper, and share price move from 20 to 30p, a fast growing company and paying dividend|