Fulcrum Utility Services... Share Discussion Threads

[iceman82] 15/6/2019 09:47

my average is 44 p what about yours?

[gopher] 14/6/2019 17:32

I also don't see the Company been sold at less than 35p which from memory was about the level of the recent director buys

[jl5006] 14/6/2019 17:15

Don't see Wetherby wanting to run this. I know Sheffield is not far but IMO this is an investment opportunity.
Look at Bayford profile on Wiki - I beleive they are into sedate management.
DYOR

[solarno lopez] 14/6/2019 15:01

30p anyone as we move steadily ahead

[68sjb7g] 14/6/2019 14:26

Given the timing of the 3 large buys at 14.17, they we're presumably all bought by the same buyer. Looks like someone is stakebuilding.

[solarno lopez] 14/6/2019 14:20

hahah one thing is pretty certain any large lines of stock will find a home in Wetherby

[solarno lopez] 14/6/2019 12:57

30p anyone

[solarno lopez] 14/6/2019 11:27

there we go

[solarno lopez] 14/6/2019 10:21

Thanks VAT

[vatacarma] 14/6/2019 09:44

In my opinion Sol his entrepreneurial flare wont allow him to stand still with this but he is smart enough to buy steadily as the opportunities arise

[solarno lopez] 14/6/2019 08:43

I cannot see 'Mr Bayford' just sitting on his 6% more likely to increase at these levels of pricing what do others think ?

[gopher] 13/6/2019 20:11

thanks for info

I assume that Blackrock have steadily shed their holding but only notified when they breached 5%. You can see why the share price has steadily declined now.

[solarno lopez] 13/6/2019 13:03

Agree probably because the chap behind Bayford is hands on and knows the industry

[mammyoko] 13/6/2019 12:05

Bayford clearly have a different view to BlackRock who shed at least 11m shares on Tuesday

[solarno lopez] 13/6/2019 10:18

wait still the tip sheets spot this

[rimau1] 13/6/2019 09:19

I assume Bayford Group had discussions with management regarding the upcoming accounting adjustments and were reassured enough, obviously no insider info would have taken place but they would have got a positive vibe. At these levels and given Bayford Groups past form i wonder if a strategic investment will turn into a full blown takeout. I also agree with others here that any bad news is more than priced in now. Continuing to add.

[solarno lopez] 13/6/2019 08:46

a steady start

[solarno lopez] 13/6/2019 08:21

An interesting buy at these levels following yesterdays RNS

[magic] 13/6/2019 01:55

Some more potential issuance of shares outlined in August 2018.

Wonder whether these growth share scheme shares, at 100p and 130p will achieved.
Looks like quite an incentive for staff for multiples of salaries. Makes you wonder about the mindset used to set this up.


The 2018 Annual Report says that 59% of employees participated in the sharesave scheme.



02/08/2018 5:57pm
UK Regulatory (RNS & others)

The GSS Shares have been awarded as follows.


Name Position Total number of GSS Shares
awarded
Director - Chief Financial
Hazel Griffiths Officer 376,923
PDMR - Chief Operating Officer
Richard Jupp - Dunamis 363,462
PDMR - Chief Operating Officer
Alan McKeating - Meters 484,615
Carly Gilchrist PDMR - Assets Director 228,846
PDMR - Director of Sales
Craig Baugh & Marketing 228,846
All other qualifying
staff 2,261,372
Total 3,944,064

Vesting conditions

There are two vesting points in the scheme and each of these have different vesting criteria:

-- Phase 1 - in order for 60% of the GSS Shares to vest, Fulcrum must achieve a share price that averages at least 100 pence over a period of 20 consecutive days and a holding period of two years following the grant must have completed.

-- Phase 2 - in order for the remaining 40% of the GSS Shares to vest, Fulcrum must achieve a share price that averages at least 130 pence over a period of 20 consecutive days and a holding period of three years following the grant must have completed.

[magic] 13/6/2019 01:42

Some of the smaller shareholders are listed here:
hxxps://www.marketscreener.com/FULCRUM-UTILITY-SERVICES-6392874/company/

These include:

Martin Donnachie 4,923,889 2.23%
The CEO from 2013 and who left in August 2017.

Wayne Jonathan Hayes 4,883,935 2.22%
The founder and former Chairman of DUNAMIS, which was taken over by FULCRUM for £22 million in February 2018; £13 million cash and £11 million equity.
This was satisfied by a placing of 17,376,000 new ordinary shares at 60p per share (the Placing), to raise gross proceeds of £10.4 million,

He joined the Fulcrum board as Non-executive director in February 2018.

Both of these it goes without saying, will have seen a considerable fall in their share values.

--------------------------------------------------------

The 2018 Fulcrum Annual Report shows Directors holding:

Philip Holden, Chairman, 954,666 shares
Stephen Gutteridge, Non executive Director, 214,166 shares
Martin Harrison, CEO, 208,054 shares
Hazel Griffiths, FD, 39,311 shares


Share options, 2018 annual report

Directors’ interests in share options, page 24
Not clear how these relate to all of the schemes listed on page 47, with various exercise prices.

Martin Harrison, CEO
EMI 3,000,000
ESS 2,172,719
GSS 957,000
TOTAL

Ian Foster, COO, left February 2019
ESS 1,073,826
GSS 750,000

[magic] 12/6/2019 23:59

The company is not subject to UK City Code on Takeover & Mergers.
It is registered in the Cayman Islands and domiciled in the UK.


The Takeover Panel (the “Panel”)

The Panel is an independent body in the UK whose main functions are to issue and administer the City Code on Takeovers and Mergers (the “Code”) and to supervise and regulate takeovers and other matters to which the Code applies. Its central objective is to ensure fair treatment for all shareholders in takeover bids.

The Code applies to all companies admitted to trading on AIM which are incorporated in the UK, the Channel Islands ad the Isle of Man.

[topvest] 12/6/2019 21:56

hxxps://www.fulcrumutilityserviceslimited.co.uk/aim-rule-26

Shareholder base is well spread.

At least someone has shown some interest. Fulcrum is certainly interesting at this valuation level.