Share Name Share Symbol Market Type Share ISIN Share Description
Fulcrum Utility LSE:FCRM London Ordinary Share KYG368851047 ORD 0.1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -2.35% 41.50p 41.00p 42.00p 42.50p 41.50p 42.50p 88,209 11:34:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 34.5 4.3 3.1 13.4 66.69

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Date Time Title Posts
12/7/201616:01Fulcrum Utility Srvc (superb bet)186

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Fulcrum Utility Daily Update: Fulcrum Utility is listed in the General Financial sector of the London Stock Exchange with ticker FCRM. The last closing price for Fulcrum Utility was 42.50p.
Fulcrum Utility has a 4 week average price of 42.86p and a 12 week average price of 38.96p.
The 1 year high share price is 49p while the 1 year low share price is currently 17.13p.
There are currently 160,690,027 shares in issue and the average daily traded volume is 128,283 shares. The market capitalisation of Fulcrum Utility is £66,686,361.21.
topvest: 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.
janeann: well I also thought the results were pretty decent; very surprised at the subsequent decline in share price.
edale: 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.
master rsi: From the "UPS" thread not long ago ...... UPS 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
serratia: zeppo, A look through the reports - Management were given 1.145m shares at the start plus those in FCRM Investments.JS got 625k of these.They made a mistake in the investments shares set up so have been given an extra 5m shares as compensation!JS gets 2m of these extra shares. As far as I can see the start point is a share price of 15.75p,they pay nothing for these options.They can cash in the options if the share price rises 12.5%/yr over the 3 years to July 2013,if it doesn't make the target it can be extended for a further 2 yrs. This means they can cash in in 2013 if the share price is 22.4p or 28.4p in 2015.The relevant section below states the terms.If I read this correctly if the share price rises to 22.4p they can cash in their shares for 10% of the increase ie 6.65p/share.In JS's case this is 2.625m at 6.65p = £174.6k,add this to his salary of £811k over 3 years (191+310+310)this is £985.6k or he will have earned 4.6% of the M.Cap today. Marwyn capital also have options and fees which I haven't quantified here. Subject to the growth and vesting conditions detailed above, the management participation shares can be sold for a value equal to 10% of the increase in "Shareholder value" in the company. Shareholder value is broadly defined as the increase in market capitalisation of all ordinary shares of the Company issued up to the date of sale, allowing for any dividends and other capital movements.
zeppo: sarratia I am not good at analysing/understanding current shares/options for directors of this company. Have Fulcrum directors got any significant incentive to get the share price up before they exercise any options? At what level can they exercise options and sell their shares? I remember years ago , Archie Norman, taking over at Asda when the share price was less than 50p. His options only kicked in when he got the share price back to £1 (if my memory serves me correctly). Walmart too out Asda at £1.85 (if my memory serves me correctly). Will we see such rises at Fulcrum driven by directors' incentives? z
serratia: Thought I'd check out S.Gutteridge as he's the main player in giving out shares/renumeration here. He became chairman of Nighthawk Energy Sept 11 2011.He's also chairman of their renumeration committee.During the year the committee awarded 6m options to Gutteridge,1 other director had his options increased from 1m to 6m,2 others 2m to 6m and 1 other 0.5 to 1m.The options kick in at 5p when oil production reaches a set target.Present share price 5.8p. Seems he is a generous person in awarding himself and the directors shares in the company!
serratia: Found it,it's in the admission doc.A company was set up - Fulcrum investments registered in the Cayman Islands I presume to allow the directors tax advantages.If the share price rises by 12.5% / year they can sell their shares in the investment company to Fulcrum energy for 10% of the increase in the Market Cap after 3 years min.So start price 10p,if after 3 years the share price is 14.2p they can cash in.That's £650k.After 5 years if the price is 18p they get £1.2m.If the price rises by more than 12.5% they make more. They made some error in setting it up so they've been given shares + bonus now.Doesn't appear to be anything to do with investments.
serratia: It looks as if FCRM owned a subsidiary company in which directors held the shares.I assume that at some time in the future FCRM would have bought out the subsidiary transferring FCRM profits to the Fulcrum investments directors. The reason this seems likely is that the FCRM directors have been 'compensated' with another load of free shares so the investment company must have been worth something to the FCRM directors.They even have the cheek to give themselves a bonus based on the investment company holding. How do they get away with it ? A pity as they could make something of Fulcrum,the model looks good to me but they're just taking too much out for their own gains. I'll have a look into the non exec's background,he's the one sitting on the compensation committee. The drop in share price is due to the dilution of existing holders by the issue of new shares.
edale: I've also bought in a couple of times in recent weeks only to see the share price dive without any negative news and on very low turnover. Hopefully we may get a pre AGM statement tomorrow but there wasn't one last year. A 2 million share sale right at the end of the day so maybe any news won't be good.
Fulcrum Utility share price data is direct from the London Stock Exchange
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