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Hello Harry,
It makes me wonder if brokers have any real influence, and can their recommendations be trusted? these days it seems as though there is a disconnect between recommendations and what actually happens especially in small caps like FCRM, we all know if you miss your stated target regardless of the reason the market will react with a substantial fall, and what about the brokers probably recommend a sell after the event, fat lot of good that.
Here we have some regular knowledgeable posters offering differing views which is good hopefully we will be rewarded in the future.
Raxfactor
Well written, and I fully agree, but why oh why do we see the likes of Shore Capital maintaining a 'hold' stance on FCRM.
I, like others, had concerns on the delayed accounts but now that concern is gone so we must hope the SP rises. My guess is the SP will stay rangebound, 24p to 27p, and ex divi date could see a change but obvious high volume buys from Friday may suggest my theory is wrong. Hope so, be nice to see SP above 30p sooner rather than later.
All theory of course but FCRM still look a good long term investment.
Hello Harry,
I don't think so the financials are there for everyone to see, and the order book is solid going forward, we are trading on a low p/e so patience will hopefully payoff in the end.
The business is also targeting differing revenue streams which in my opinion is de risking the business from being to reliant in one area.
Dividend increased, the only downside i can see is from being debt free we now have £3m of debt, but that has been spent on buying assets, so things looking very good.
Even after positive RNS the only Broker I can find who covers FCRM, Shore, retained a 'hold' on FCRM. Are we missing something these 'experts' see that we don't see??
Answer to my question. AGM 9th Oct
Ji5006
When is the AGM??
Pxxs poor uptick on what was a relief for all on the RNS yesterday. Hard to see the negatives now going forward
Bayford are not the same as Blackrock. Bayford are there for the long term. BR care little and if not out already will likely disappear after ex divi date.
Little caveat on Brexit is now part of all UK Company updates but really FCRM are many moving parts so hard to see they're Business Model being affected.
Like to see more of a push into Elec Car Charging sector but have a feeling this is Bayford idea on FCRM so still see them playing a major part in the future, sooner rather than later.
Capex look good with FCF looking ok and debt drawdown less than expected.
All theory of course but for me FCRM now look a solid forward bet and will add on weakness which as always is likely given the fickle nature of the market. Time will tell but some good 'press' would help.
Think u need to look fwd.
see the delayed trades and wait for the AGM H1 update.
disappointing reaction to the RNS hopefully a better rise Monday
Lump
We shall see
I understand that the dregs of the seller were flushed out this morning... may have unleashed a few others to part with their lovely shares .. I think it will build from here... Cheap entry for a decent divi payment at present. Next week we will start the climb
Ya
Just guessing - as other have guessed that something was wrong.
Why 35p - why not 55p .
The anxiety has been relieved =
AGM will provide interim update
It depends on how many Blackrock have got left and if Bayford are going to stick with theirs after the divi is paid. I think after the press comments over the weekend a small inertia upwards is likely to develop.
Yala
I sincerely hope that prediction is correct as that is my break even price!!
GLA
I see a push to 35p over the next two to four weeks
GLA
Quick flick through the results and worth the wait, a good solid company with healthy order pipeline, and a nice increased dividend, and no massive debt burden.
Futures bright the futures FCRM.
Ex-div 3rd Oct.
I think the results will sink in over the weekend.
Really positive results, albeit with what is now a standard Brexit clause. Lets see a return to levels at the turn of the year before nerves surrounding the accounting set in. 6% Final divi yield suits me nicely too.
Looking at the number of early trades on the sell side you would think today's RNS was bad news. Hardly a day traders buy/ sell given the spread so hard to understand why high number sells.
All theory of course but with the NAV of 20p and an increased divi to close to 10%, then surely FCRM are now a solid buy.
I see someone quoted ex divi date late Sept. Anyone have the exact date.
Only yesterday thinking Ithe news must be bad with such a long delay. Great results and a nav of 20p! And as you say Harry 10% dic (although more like 4% for me). Presumably the Market Makers will see some reason why it’s not really good news.
yep :) almost anyway, divi is 2.25p
but there is a chance the present sp is going to be history very soon.
Very pleased the results are finally out and things are looking positive. But the delay and uncertainty has sucked a great deal of confidence out of this company. I’ve averaged down a few times so hopefully we’ll see an upward trend from here!
Only yesterday thinking Ithe news must be bad with such a long delay. Great results and a nav of 20p! And as you say Harry 10% dic (although more like 4% for me). Presumably the Market Makers will see some reason why it’s not really good news.
Looking at the new divi of 2.5 this equates to near 10% on present SP 24p.??
cracking results. I knew I should've bought more ffs
At last we have the revised accounts. My read is that the numbers all look positive as reflected in the divi increase. Forward guidance also looked good albeit the Brexit issue clouded this a bit. Hopefully the markets view the results positively and we see some uptick in the SP.
Ji5006. Whats your opinion on todays RNS.