Fulcrum Utility Services... Share Discussion Threads

[carpingtris] 18/4/2020 19:54

What along with all the PI's?

So make the 'lowball' bid a bit higher instead of shafting everyone!

[topvest] 18/4/2020 18:16

Chris Mills is a brilliant opportunistic investor. Best to back him in NASCIT and Oryx, like I do. It’s obviously a low ball bid, but not massively at undervalue given the shambolic position Fulcrum are in. He always buys low and sells high, which is what we all try to do, but unfortunately not as successfully as him. He won’t be paying up but trying to take control on the cheap. To be fair, management at Fulcrum have gone from one disaster to another, and probably deserve what they are now getting!

[57eady eddie] 17/4/2020 16:15

4.25 million sold???

[capercaillie] 16/4/2020 18:58

Perhaps Fulcrum themselves should buy stock with the net cash?

[jl5006] 16/4/2020 18:52

1277
EU ruling relating to capacity market caused a loss of revenue.
House builders closed their sites towards the end of March. Contracts remian and will be honoured says Coy once sites are open
Why would anyone holding over the past couple of years - high c 60p - lows down to c 30p before C 19 - want to sell = who bought as a DT or who considered a small developing Coy would be a fair investment LT

[pictureframe] 16/4/2020 08:41

My guess :

1) They won't get anywhere near enough shares via their tender and if they want to increase they will have to buy from the market = share price increase

2) They will have to increase the offer to a sensible amount = share price increase

3) Other bidders will appear = share price increase

4) They withdraw the offer = short term share price falls but long term rises due to positive trading.

I am happy to just sit and wait + we have the "special dividends" to come.

[solarno lopez] 16/4/2020 08:21

Or a bid for that matter

[solarno lopez] 16/4/2020 08:01

The way to stop this is to get the share price above the tender offer

[pictureframe] 16/4/2020 07:24

They are going to have to buy from the market to increase there stake or improve offer imo, either way share price is going to go up.

[jl5006] 15/4/2020 19:05

1269
These were small - ideal for surplus cash - but not in this case.
And revenues funded by bank borrowing

[pictureframe] 15/4/2020 18:53

Not going well for them so far...lol

[nicholasblake] 15/4/2020 18:41

Is the Group under the sale not losing the benefit of 'Asset ownership revenues'?

[jl5006] 15/4/2020 17:10

1287
What do you mean?
The domestic pipeline assets were sold.
The business is as was.
You will get details when the A/cs are finalised.
The rebuttal statement was a strong statement to a scavenger - a derisory offer!

[nicholasblake] 15/4/2020 13:07

Would be useful to have some trading figures (LTM EBITA & sales) for RETAINED businesses.

[pictureframe] 15/4/2020 12:46

No wonder they want it - cash rich , no debt and trading well

Sales orders in the third quarter to December 2019 were the highest ever achieved by the Group at GBP17.4m and, until the impact of COVID-19 in March delayed the signing of two large contracts, the Board had expected the final quarter of the 19/20 financial year to be even stronger. It is expected that the sales orders that did not complete in March will do so in due course. Not including these deferrals, the Board expects the Group order book at 31 March 2020 to be approximately GBP71 million, up 17% year-on-year (31 March 2019: GBP60.5m; 30 September 2019: GBP62.6m (+13 %)). Looking further ahead, Fulcrum is a fundamentally robust business which gives the Board confidence that the Group is well positioned to prosper in the long term.

[muckshifter] 15/4/2020 08:25

A good response and update imo, but it would have been more helpful if it also gave more detail on cash costs of the current situation.

[pictureframe] 15/4/2020 08:19

Tell you what Harwood you offer 50p and you can have my shares otherwise do one.

[18bt] 15/4/2020 07:25

Strong response and update

[pictureframe] 15/4/2020 07:15

Think that's clear. Nice update on trading too. They need to offer around 50p per share if they want this.

[solarno lopez] 14/4/2020 08:18

Chris Mills can see value in FCRM bear that in mind when you sell !

[jl5006] 12/4/2020 17:05

If PIs dont sell - they will not acquire.
devious lot that Mills and his Harwood.
Never trust a stranger!

[ducatiman] 09/4/2020 19:18

carpin, that’s business!