Fulcrum Utility Services... Share Discussion Threads

[podgyted] 28/1/2019 09:05

Certainly has become very popular in the past couple of days - 9am and already surpassed average volume for the day.

Has a long way to go back up to a realistic value IMO

[tallprawn] 28/1/2019 08:09

Buys piling in this morning and L2 firming... This is only going one way in the next few days.

[tallprawn] 25/1/2019 10:16

Decent buying today... Looks primed for a push north of 50p from here in the short-term.

[the ghost who walks] 17/1/2019 21:04

Nice move up

[anley] 16/1/2019 09:47

Van Elle down by 50% from their recent high.............the markets really do not seem to like these sorts of contracting businesses.............

[anley] 11/1/2019 17:44

There seems to be a problem with the Business Model which investors need to understand.

1 Hybrid cars/trucks and the development of electric charging points and
2 Zap & Go electric storage and charging

It is not a simple as saying that Fulcrum come along and put an electric cable in to say TESCO.......what sort of cable and who will control that cable etc

AND when will all this come to pass?

AND for some time to come buying a hybrid will be a better bet than an all EV until there is national coverage.

Think about all this as it wont be the bonanza as lots think.......its my warning.

[watcher13] 11/1/2019 11:36

I'm not sure that the last poster understands the Fulcrum business model. Fulcrum will only lay a cable to a chargepoint if a customer asks for it to be done and agrees a price for doing it. That price will include a profit element for Fulcrum. We can debate how many chargepoints are going to be installed (it will be lots) and who the customers might be (Tesco, oil companies, retail parks, car parks, public bodies etc,) but as long as Fulcrum price each job properly they will make a profit.

The type and performance of the batteries fitted to EV's will make no difference to Fulcrum whatsoever but it will be a factor in how quickly and how many drivers switch to EV's

[anley] 11/1/2019 11:22

For debate and why FULCRUM will not make profits on laying electric cables for recharging car/truck batteries.

The story is:

"Test drove an IPace (all electric) Jag recently. Great car, terrible battery life. It had 185 mile capacity when I got in. Did 60 miles and it had 84 mile capacity. I couldn't make a 44 mile journey as I wasn't sure I could get back.

Electric cars will be the future. When they've got decent batteries, and a decent charging infrastructure. When I said this to the sales lady, she said graphene batteries were being developed, and that in two years both should be sorted. I didn't declare an interest!

Superb drive, and i'd buy one now, except I couldn't do more than mooch around town, and couldn't possibly go more than 50 miles.

in summary, the world is changing (as Tony Seba predicts), and whoever wins the race to develop better batteries for EV's will be a happy, and rich, bunny."

My friends at Cambridge Graphene Center tell me that another 18 months is needed to bring the next generation batteries in to production............no point in going on..........as there are too many topics and issues to deal with which make this whole project non profitable and costly to the car owner.

[anley] 09/1/2019 16:21

So far = YES and who are these people and all they do is quote from statements either made by the company in question or from a third source.

This is a tip sheet.............what we need is how the business is run and how the books are done.

[turbocharge] 08/1/2019 22:05

Did share-talk.com get it wrong?

"Mkt Cap: £114.1m

Next results: Finals, June

Multi-utility connections provider Fulcrum Utility Services (LSE: FCRM) grew organically and through the contribution of recent acquisitions Dunamis and CDS Pipe Services. In the six months to September 2018, revenues were 49% ahead at £29.2m and there was organic growth of 12%.

Underlying pre-tax profit was 13% higher at £4.2m. There was cash of £10.4m in the bank. A debt facility of up to £20m has not been used yet. The interim dividend was raised by 7% to 0.75p a share.

The order book is worth £45.8m. A profit of £11.4m is forecast for this year. The historic tax losses are running out and combined with recent share issues, this means that earnings per share growth will be slower than pre-tax profit growth. The shares are trading on less than 12 times prospective 2018-19 earnings and the forecast yield is nearly 4.1%.

Trading strategy

The share price decline is a buying opportunity.

Original recommendation: 49p/50p"

[anley] 08/1/2019 16:36

A new low (44p) and nothing from this terrible board of directors..........

[the ghost who walks] 28/12/2018 19:54

What's the bear case on this. Looks attractive to me but wonder what caused the drop

[anley] 24/12/2018 10:45

As I have been saying in most of my recent post there is a management problem within the company..........

I have been attacked by posters who don't like what I say but are only trying to protect their investment BUT do not offer up any counter attack.

FCRM is in a pickle as its becoming a utility company - and that is out of favour in these markets.

The Balance Sheet needs explaining and opening up to see if any accounting convention is being misused.......does the FD really wan to do this or have we to wait until we get the next set of figures.

I am not going to go on and on but when I see stupid posts Jeanesy that makes my mad as it is clear you have not been reding the BB posts.

[davr0s] 20/12/2018 19:28

Support break in rubbish markets - liquidity getting sucked out of the market atm

[jeanesy] 20/12/2018 16:28

big fall here today. Anyone know the reason ?

[anley] 13/12/2018 13:53

Can you please TOPVEST tell the BB the date you purchased your shares at 8p?????

[anley] 13/12/2018 13:49

You are fearful that if you filter me you will not know what I am saying....and that is exactly what you have done.

Then you tell us how cleaver you have been......well done BUT most people keep that sort of information to themselves.

Roll on 2019.

[topvest] 12/12/2018 18:49

Gave you a second chance.
I bought these at 8p mate and have sold enough higher up to more than generate a good return.
Still no apology. Back on filter.
Please Do not go around saying people are liars, just because they don’t agree with your very very slow research!

[anley] 12/12/2018 14:15

Oh dear everyone I seemed to have hit a nerve with TOPVEST.......people like him are most likely to be poor investors and its not always about the Balance Sheet.

If the UK stops for say a year developing EV Charging Points what does this do for a company which has publically stated that this is one area for development?

What happens if the building and development sector starts to slow which it is doing all over the UK?

I wont go on but 2019 is going to be tricky picking winners so my message is keep calm and look under the carpet before you invest.

[topvest] 11/12/2018 20:19

I'm an FCA, but not retired. Get a grip. Its you who missed the deferred income in the accounts, not me, so I suggest you read a bit more quickly to the notes that matter! I didn't accuse you of being a liar!
Filtered because you didn't actually apologise.

[anley] 10/12/2018 11:42

OK TOPVEST.......I will carry on my research in to the business but I do resent someone who does not know me stating that I am unable to read a balance sheet especially as I am a retired accountant.

For your Xmas go out and buy "The Signs Were Here" by Tim Steer £14.99 and it tells you a story for investors that a company is heading for a fall.

[topvest] 09/12/2018 20:26

The assets are high quality, yielding a very stable revenue stream that you can borrow against at very low rates of interest. Typically the revenues are RPI indexed. Fulcrum are one of only 8 Independent Gas Transporters and its not easy to set-one of these up. There are regulatory barriers to entry.

I wouldn't get overly hung up on 6 monthly numbers. As far as I understand it, the revenue streams are 20 year and indexed. Fairly low risk unless an industrial premises becomes vacant.
Long-term they could certainly do something with this asset business.
Basically, they way I see it is that the:

Fulcrum core business is very cash generative, but ultimately a jobbing business albeit with a good reputation.

The pipeline business is a lower return, but low risk and high quality business that is currently being funded by the jobbing business, but probably should soon be debt funded like all the major network companies. When its debt funded then the returns on equity will improve.