Fulcrum Utility Services... Share Discussion Threads

[57eady eddie] 01/10/2019 16:02

Interesting as another day of significant volume and buying. My guess is that he's been ousted due to poor performance, which is a good thing for the company going forward and the market has reacted pretty well to the news, save for a bit of panic selling this morning. Will be interesting to see who fills his boots and how soon

[carpingtris] 01/10/2019 15:38

VV - was thinking the same.. ousted as part of an agreement?

[iceman82] 01/10/2019 15:06

glad to see share price recovery from this morning , it shows that there are quite few bulls out there

[value viper] 01/10/2019 14:57

Wishful thinking but maybe the bidding shareholder has forced him out ?! NRI....Trying to put a positive on it.If that's not a possibility, then hard to see anything but this is likely bad news.........what has happened to this company ?? maybe he should have gone anyway after the previous accounting mess and massive delays until results as it all happened on his watch ........what next ??

[jl5006] 01/10/2019 12:23

TV
Of course I would get MY facts wrong about YOUR holding.
My words "wing and a prayer" were what I thought about an AIM recent float - just like SNAk, CSFG - both of which failed.

[ducatiman] 01/10/2019 11:49

Maybe he squeezed a thigh 20 years ago!

[topvest] 01/10/2019 09:49

Today was the last straw. I've just bailed out. Its pretty obvious that the wheels have fallen off in 2019/20. I do trust Phil Holder, but think this is going to get worse before it gets better. Profit warning likely I suspect.

[pireric] 01/10/2019 08:21

It's good news unless there really is a trading update coming soon. Normally don't like the sequencing of a CEO leaving before an expected update - feels like bad news normally follows

[ivancampo] 01/10/2019 08:14

Will be seen as good news, I expect early price weakness to reverse during day.

[ronin92] 01/10/2019 07:57

01 October 2019

FULCRUM UTILITY SERVICES LIMITED

Directorate Change

Fulcrum Utility Services Limited ("the Company") today announces the departure of Chief Executive Martin Harrison who is stepping down with immediate effect. Chairman Phil Holder will assume day to day responsibility for the business pending the appointment of a replacement for Martin. The Board will commence a process to identify a successor and a further announcement will be made in due course.

Phil Holder, Chairman, said,

"I would like to thank Martin for his work with the Company over the past five years. The Board remains committed to helping the Company deliver its strategy, and is confident that the senior management team will continue to develop and build the business."

ENDS

[carpingtris] 01/10/2019 07:41

Maybe this is needed!

[topvest] 30/9/2019 20:50

I think you need to get your facts straight. I did not invest at launch, but at 8p versus the float price of 15p when I thought recovery from losses was on the cards. I didn't invest "on a wing and a prayer", but knew a fair amount about the business and sector.

You should just admit, like myself, that you got it wrong and should have unloaded some once the chart came off after the flurry of acquisitions. I admit to my mistakes, but at least I have 4-bagged (and cashed up a 3-bag).

Sounds like you need to read up about confirmation bias! The EPS forecast is 1.5p at the start of the year, which is a dreadful downgrade.

Nice to see the shares recover a tad though.

[jl5006] 30/9/2019 20:17

Those that invested at launch - bought in on a wing and a prayer.
TV for example.
Others saw a possibility in the smaller utilities provider.
Stick with it and get to a divi!
A surprise - but welcome.
Gradual growth in orders and share price
Then EU bars energy capacity backup - against competition - only in UK of course - and the news knocks share price for one third -
Phps news reaches Blackrock - and whoever is invested wants out.
The BR holding was large and the share price has suffered because no broker could readily manage the sale.
The TU next week may grind us back.
Day traders don't help - small gains with the tight spread!!

[iceman82] 30/9/2019 19:04

another good day 8% up in share price but we are not even in 30 s level.... hope we will not reverse again

[carpingtris] 30/9/2019 18:05

See if we get holdings RNS next couple days?

[ducatiman] 30/9/2019 18:03

Recovering, phew!

[mfhmfh] 30/9/2019 12:10

big buys coming in today

[pictureframe] 30/9/2019 11:56

Looks like it found the floor

[jm6783] 29/9/2019 18:29

Shares are trading on a free cash flow yield of over 20%. Management should start buying back shares aggressively at these levels.

[iceman82] 29/9/2019 16:13

jl 5006 did you not regret not selling in the 70s? i suppose easy to say it now but when company is flying then you feel confident that this 70 p share price soon become 100!

[topvest] 27/9/2019 20:34

I was lucky enough to buy at 8p. Be interesting to hear what they say at the AGM. Anyway, I'm holding the final 1/3rd of my holding. Sold 1/3rd in the 30s and 1/3rd in the 20s. Feel a bit stupid to be honest at not selling any at 70p, but you live and learn!

[jl5006] 27/9/2019 20:24

As an investor from 2012 at 14p and 19p I hope that the faith is restored.
TV 3 bagger must have been in before
I have invested and invested and will hold.
Sorry I'm not a day trader - stick with it - read the COY data -not assumptions.