Fulcrum Utility Services... Share Discussion Threads

[pictureframe] 07/11/2019 13:22

trade it from 23/24p and sell at 27p - seems to be the trend here

[topvest] 29/10/2019 20:12

It's an interesting one.
- Either Fulcrum have not been upfront on the scale of the current year downturn; or
- Cenkos, their NOMAD and broker, erroneously published a £4m PBT drop and a 59% profit downgrade in their research note.
Either way it doesn't reflect well on one of the parties.
I find it unbelievable that their house broker would publish a 1.5p EPS forecast erroneously personally.

[68sjb7g] 29/10/2019 11:01

The full article is on fulcrums website

[68sjb7g] 29/10/2019 10:57

When i tried to expand the article it said page deleted for some reason. 02 October 2019Fulcrum expands direct delivery model to South East England with investment programme and job creationFulcrum, the UK's market leading independent multi-utility infrastructure and services provider, is investing in a new depot, delivery teams and vehicle fleet to serve the South East and London in support of its strategy to increase its direct-delive...Find out more

[jl5006] 28/10/2019 21:01

TV
We can't expect H1 til late nov/ early Dec.
bit surprised harris has not dipped in but unless things have gone terribly wrong the future has to be ++
I think Cenkos est may not have taken account of the assets+ to BS. So I shall wait to see the H1 figs.
trust a broker/ nomad- risky/

[topvest] 28/10/2019 20:51

The bull case is that this is cheap. NAV 20p etc. Earnings about to bounce back with the capacity market logjam sorted.
The bear case is that trading is much worse than owned-up to. The H1 results could actually be near break-even, given they slashed £4m off the profit forecast at the results (i.e. they could be assuming an H2 rebound to hit the current year forecast).
Cash generation will be significantly net negative after a big investment in infrastructure assets, meaning net debt will increase significantly as well, so risk is higher.
If H1 is OK its a buy below 30p, If red flags appear, it could go well below 20p and have a dividend cut.
I remain cautious and out until we get management being open on current trading.
Time will tell.

[davr0s] 28/10/2019 20:37

Lol - you sad person looking through my historic posts. Go get a life. I trade and have no opinion on where price is going unlike all the endless mystic megs on these forums who think they can predict price

[jl5006] 28/10/2019 20:24

R & M discretionary clients - Bayford - local investors - IMO
Wrong - why?

[carpingtris] 28/10/2019 20:17

Are Bayford and Co wrong?
River and Mercantile?

We got results albeit late and now we have positive update RE: capacity market... happy with recent updates.

Divi was welcome too.

[bc4] 28/10/2019 20:09

I would not worry about what DavR0s spouting this is what he said about REDDE shares
9 Oct '19 - 17:07 - 4003 of 4083
Nope they are worth 102.8 - that is the market’s opinion atm. But if you are unsure of this tell me how many you want and I’ll set them to you at that price having paid around 102.8 at the open tomorrow.

REDDE share price is now 114p HA HA he is full of you no what
DAV get me some at 102.8p!

[davr0s] 28/10/2019 19:36

Got a lot of work to do not to interest me short term. Has tonnes of supply to deal with now

[davr0s] 28/10/2019 19:36

Shares are cheap for a reason - and typically not for a good reason. But carry on and load up if you want

[davr0s] 28/10/2019 19:06

Not it's not imo

[topvest] 28/10/2019 18:47

EPS forecast is only 1.5p this year and about double at 2.7p next year, so not really cheap. Not expensive either. Interims in early December will be interesting.

[mfhmfh] 28/10/2019 14:52

this is suddenly looking very cheap IMHO.

[topvest] 28/10/2019 07:44

It's certainly a positive development. Radio silence on H1 trading still though. I will revisit once the interims are announced.

[mfhmfh] 28/10/2019 07:42

Positive RNS this morning IMHO.

Significant enough news for the company to RNS.

[ivancampo] 28/10/2019 07:20

I think this will be the news the market will be waiting for. Should be a big move higher in coming days.

[topvest] 26/10/2019 10:38

Yes, good news for their order book later in the year. Probably more likely to be positive for 2020/21 rather than 2019/20.

[sl71] 25/10/2019 22:13

Electricity capacity market due to re open shortly after EU ruling closed it last year. Helpful to Dunamis, good article in todays telegraph

[carpingtris] 25/10/2019 19:53

Could dividend re-investment have caused the bounce?

[ducatiman] 25/10/2019 17:25

Nice bounce. It's going to breakout of this trading range one day. Hopefully upwards.

[pictureframe] 23/10/2019 15:44

Back to normal

[pictureframe] 11/10/2019 14:20

How much of this rise is due to the brexit bounce taking place?