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Ji5006
Understand Dumaris part of FCRM for a awhile. Question was is Dumaris the part of the company that installs the Smart Meters or is this a seperate division.
CH
This is really old news=
harry Dumaris is FCRM - not an associated coy
The government announced yesterday that they are delaying the deadline for the nationwide roll out to 2024 from 2020. Apparently the older smart meters don't cope well if a customer changes supplier and the new and improved units are in short supply. Google or BBC news will provide you with the detail. The roll out will continue so the work isn't disappearing it seems just a recognition of the scale of the task I think. Can't comment on the impact on Fulcrum.
Choppers. Is this a countrywide slowdown on smart meters or are you relating only to FCRM. I know they geared up for installs but their just the sub-contractors on this aspect of the business but if over invested the'yre lies a possble problem. Is this the Dumaris side of the business??
Fall today possibly a result of the smart meter delay announcement.
Harry
We shall soon have the details
seems some have bailed out Their choice.
Ji5006.
Aim rule 26 is just as I read it on FCRM Investor Link.
All theory of course but with holdings by brokers for Clients that wish to remain hidden then Bayford could be over 30% possibly.
That aside todays near 10% drop is both painful and costly. Any ideas why??
Harry
Apparently not subject? Pls clarify
Aim 26 is a disclosure rule
Apparently FCRM is not subject to UK City Code on Takeover and Merger. Aim Rule 26.
I also see that James Sharp holds 15.10% with Bayford at 10.05% and Barclays Wealth at 6.19% as at Aug 9th. Figure things have now changed but James Sharp will be another broker for Discretionary Client I'm assuming.
All theory but funny stuff going on 4sure and the trades JI5006 notes are a puzzle.
Harry
Norm for AIM is 3% - but FCRM is registered utside UK - so 5%.
Interesting number of buys both on LSE and Nex.
PIs last to know - of course
A bookbuild is what it says it is but whoever gets over the notifable has to advise the markets. Ji5006 knows more on this than me but I'm guessing its 5% for an Aim stock but I remember 3% being mentioned. However you look at it the shares in Fulcrum are being 'hoovered' up. My guess remains that the Discretionary Client is Bayford. Time will tell and maybe the SP will improve once the revised accounts are published.
All theory if course but difficult to kmow whether to load up or not at the present SP
While there doesn't appear to have been any trades today so far a quick glance at the Nex secondary market shows 8 trades, a couple of which appear to be identical and quite chunky..
I know people can do anything if they have a will,
but would this be legally allowed by Bayford to deliberately do this, or even as a concert party if not declared?
Maybe they just want a position thinking a bid may come along.
Whatever, I still find it incredible that they haven't managed to get the accounts out yet - but then again it seems to take about 3 years to put in a couple of miles of 'smart' motorways these days!
Just read RNS . This appears to be a 'bookbuild' for a Discretionary Client by the named 'broker'. This suggests the Client is wanting to 'hide his hand' as in a poker game. Anybody think this could be Bayford. My guess would be that its likely and possibly a 'low ball' offer for FCRM will appear sooner rather than later.
All theory of course but if FCRM do get an offer what premium will we see
Just read RNS . This appears to be a 'bookbuild' for a Discretionary Client by the named 'broker'. This suggests the Client is wanting to 'hide his hand' as in a poker game. Anybody think this could be Bayford. My guess would be that its likely and possibly a 'low ball' offer for FCRM will appear sooner rather than later.
All theory of course but if FCRM do get an offer what premium will we see
And CH
Their holding before was not zero!
I cant get to historical AIM rule 26 disclosures - but their clients had a fair stake.
IMO this is not a huge inv by M & C
Errr yes and they have bought 5.21% (unless I’ve misread which is possible as looking on phone), 5.21% is £2.9+ change, so rounded is about £3m....
Oh CH
market cat todays SP - £56m = 10% - £5.6
??????????????????????????
5% of the co. Is about £3m, so every one of those large trades was a buy. Tomorrow might be fun... top up on the bell.
Well it does help explain why the price held up,
and also means it isn't just Bayford who still have some faith in the stock.
Also reiterate that in their last RNS update (July) they did say the dividend was going to be increased - this means circa 9% = depite the wobbles it still looks more positive than negative to me as well!
Someone made the point earlier that 'buys' maybe appearing as 'sells'
I think its interesting because there's because based on the RNS there's clearly a lot of 'buying' going on.
ECHo
Why is that?
Their clients have bought more shares taking them over the 5%.
What were u thinking?
well that RNS makes things rather interesting . . . .
Jab1tt
Hope your correct on Bayford and time will tell
Ji5006
I'm sure your likely correct on some sells being in fact buys but for such a lightly traded stock high volume trades are always concerning. BR may or may not be out completely by now but if so would be nice to know who is hoovering up their shares because as Raxfactor says the SP has not moved much in recent days to reflect a possible 'dump' of shares.
All theory of course and having a few up days overal so I'm hoping FCRM don't spoil the party
Let's not be too pessimistic here. What about the 10%+ recently acquired by Bayford & Co.?
This almost equates to the amount sold by BR. For all we know they may be discussing a full bid.