Fulcrum Utility Services... Share Discussion Threads

[zeppo] 09/7/2018 14:47

As well as BP, Shell and National Grid are into this.

With today's Government announcement there will probably be plenty of work for all.


z

[mrnumpty] 09/7/2018 11:42

A reason to be cheerful ! Fulcrum recently announced that they would work with ChargePoint in order to provide a charging infrastructure for electric vehicles . It is surely therefore good news that the Transport Secretary is to announce today £ 400 m in funding through a Charging Infrastructure Investment Fund which will provide subsidies to companies which install charge points . Another £ 40 m will be made available for research into wireless and on-street charging technology . This is according a somewhat misleadingly titled article on page 2 of today's ( Monday 9th July ) Daily Telegraph ( " New homes and offices to have chargers for electric cars " ) . According to the article " Every new home , office and lamp post must be fitted with an electric vehicle charging point to make battery-powered cars more appealing to motorists , the Transport Secretary will announce today . Chris Grayling also wants to ensure that all large fuel retailers have fast charging points in filling stations to help pave the way for what is being billed as the biggest leap forward in road transport since the invention of the motor car in 1885 [ !!! ] ..... Businesses will be able to claim back 75% of the cost of a charging point and councils will have access to a £ 4.5 m fund to help with the cost of installing on-street charging points over the next two years ... " . The £ 4.5 m for lamp posts seems to me to be woefully inadequate , but the rest of the article appears very positive for companies such as Fulcrum .

[anley] 06/7/2018 10:42

For those of you who seek to understand the position of COBALT and its uses within Fulcrum then here is your coffee or lunch break reading...............

[topvest] 04/7/2018 17:51

Yes, the IGT business is tiny. It would still be tiny with £100m of assets, so lots of potential growth. Looks like they will probably operate the business in two segments at some point; D&B and Asset Owner. I feel much more comfortable with Fulcrum now that it has a scalable electricity business as gas has less growth potential. The acquisitions should prove transformative. They will start getting some large contract intangible charges coming through their numbers in 2018/19, c£1m+ per annum, but most companies add this back to get a normalised profit number.

[topvest] 04/7/2018 17:51

Yes, the IGT business is tiny. It would still be tiny with £100m of assets, so lots of potential growth. Looks like they will probably operate the business in two segments at some point; D&B and Asset Owner. I feel much more comfortable with Fulcrum now that it has a scalable electricity business as gas has less growth potential. The acquisitions should prove transformative. They will start getting some large contract intangible charges coming through their numbers in 2018/19, c£1m+ per annum, but most companies add this back to get a normalised profit number.

[anley] 04/7/2018 17:19

A good piece of PR..........for an AIM company and lots of potential.

[topvest] 04/7/2018 17:04

Nice little 2 minute video in their results centre.
hxxp://www.fulcrumutilityserviceslimited.co.uk/results-centre/2018

Worth watching.

Order book is very strong.

[topvest] 04/7/2018 16:22

I have been through the Annual Report now. I can't see any red flags. It all looks very good. Multiple levels of growth: electricity and gas connections, smart metering, transportation asset owner, electric charging points. Net cash. I like it still. Not selling any of mine.

There is far too much negative reaction from senior management locking in a 10-bagger gain. If you were not a millionaire and this made you one, why not? Especially if you have more shares and share options at a higher price to exercise in the future. You have to remember that some people prefer cash to shares, if it is available. The Chairman is a better gauge in my view.

Anyway, I've been in since about 8p and sold 1/3rd a while back. Will be keeping the rest for now as the business is developing very nicely. The management team have done a cracking job turning this former National Grid subsidiary around and creating value to holders. There is significant scope to grow, particularly on the asset owner side of the business.

[anley] 04/7/2018 12:29

I have bought in for a 9/18 month investment based on a number of issues:

1 The diversification in to Smart Meters
2 How it develops its new Independent Distributors License
3 Battery charging in the UK

I will post what I find in due course.

[zeppo] 04/7/2018 10:12

My adviser has confidence in the company, even without the EV charging link up - but has expressed disappointment it the recent events.


z

[topvest] 03/7/2018 20:40

This reaction is a bit silly. We saw the same thing on Ramsden's last week. Martin Harrison was not particularly rich, I suspect! He has worked hard and sold 3m shares for cash.... and is now presumably quite rich. He has also reinvested and increased his holding to about 1.1m shares. Why would he not do this and lock in his good fortune for a job well done? Seems a no brainer in his position. Nothing untoward.

I need to study the Annual Report more closely, but I think this is in excellent shape for the future. Management have done a very good job.

[topvest] 03/7/2018 18:17

LOL. They have made a 10 fold gain so probably wanted the cash. Option selling is not a crime! I would expect some profit taking at this sort of level for those that have 10 bagged. The outlook for the company does look very promising on a cursory read of the Annual Report that has just landed.

[anley] 03/7/2018 17:00

And....most of us would have done the same.

If they try and buy them back cheaply they will be in serious trouble and would prompt an investigation from the LSE down to the brokers and advisors.

[topvest] 02/7/2018 20:51

I wouldn't read too much into it as they may just want the cash and treating the windfall as a bonus.

[davr0s] 02/7/2018 18:45

Not great IMO but I've sold/not taken positions in the past from similar situations only for the share price to rocket off. Directors don't know where the share price is going to go either. I had this on my watch to add if it broke so I'll keep my current holding and see where price takes us.

[zeppo] 02/7/2018 18:41

Directors selling options?

Can you put this in perspective, alney.

A lack of faith in the future?

How were these options to be triggered?


z

[anley] 02/7/2018 17:31

The government will welcome the Capital Gains Tax from some of the management who sold their Options today.......................

Well done lads but now you have to work hard for the next batch............

[zeppo] 30/6/2018 10:20

anley

Thank you for the above posts.

Added.


z

[anley] 29/6/2018 11:20

Meet the board of ChargePoint.....I think you will agree capital for expansion will not be a problem.................

hxxps://www.chargepoint.com/en-gb/about/board/

[anley] 29/6/2018 11:18

So let's start with some background information:

hxxp://www.fulcrum.co.uk/news/news/2018/fulcrum-partners-with-chargepoint-to-drive-forward-the-uk-s-electric-vehicle-ambitions/

[anley] 29/6/2018 11:11

Zeppo and posters just a small scratch.........

ChargePoint, which counts BMW, Daimler and Siemens among its shareholders, has raised $125 million to expand outside its home market and into Europe and in November last year announced a deal with petrol station service group TSG.

There is and will be so much business in the UK and the EU (Brexit or no Brexit)for everyone to make a great deal of money.

Bear in mind that the markets like the smaller and more nimble businesses rather than say BP which are burdensome and slow.............watch this space.

[zeppo] 29/6/2018 09:41

More publicity today on BP'charging point takeover.

Will they dominate both petrol stationp and household charge points?

Unable to get to FCRM AGM in September.

Anyone intending to go?


z

[zeppo] 29/6/2018 09:41

More publicity today on BP'charging point takeover.

Will they dominate both petrol stationp and household charge points?

Unable to get to FCRM AGM in September.

Anyone intending to go?


z

[zeppo] 28/6/2018 16:13

BP have Chargemaster
Fulcrum are with Chargepoint.

Are there deals between the two?

BP seem to be installing EV charging points at all their petrol stations.

Chargepoint may be for home charge points?

Can anyone clarify?

z

[anley] 28/6/2018 09:46

I have sold Smart Meters to buy Fulcrum...........better growth prospects but nothing wrong with SM as they grow but not as fast as Fulcrum can.