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Yes they are token buys. That they all happened in such close proximity suggests they were agreed during a board meeting. However a £10,000 spend into the company by the Chairman & CEO is hardly a glowing endorsement or a definitive commitment. I note Turner is sitting on 32.7 million shares but he has an ulterior motive.
Well done on your 30% JL. I am looking at this the other way around being down 30%. I enjoyed a years dividends before they took the wheels off, leaving me high and dry. I am going to hang on a little longer and see whether this can turn around with the domestic asset sales generating regular income.
I agree the key elements of the BoD are stool pigeons suggesting the full vacillations of the last 12 months are yet to fully play out:
Option 1 - Carry on as now - the two factions see the benefits of a combined effort for as long as it serves their interests.
Option 2 - Break up the elements - the two factions go to war and they pull it apart.
Option 3 - Take the whole thing private - one party wins and pulls it into their own orbit.
As a shareholder its seriously frustrating to see the sp languishing. I will look to the next trade update to see if there is any light at the end of the tunnel.
Sorry CEO
ur buy was less than my sell
That is what token buys mean SFA
Jl, pleased you came out in front, yes James Sharp saw they were brokers so clients on their books we don't know who or how many make up the total % holding , going private is a possibility I will watch for signs.
Rax
Just the 2
James sharp - broker -so clients - similarly Killick & HL.
Going private my real concern. Fusionex delisted and I thought I had lost my money a Malay wanted to buy in and I came out with a 10% profit
My profit in FCRM 30%
Sorry to hear you have sold jl, I wish you well with your investments.
I wondered whether the either party might prefer one part of the business to other and start a process to get what they want and then take it private.
House builds I agree seems downbeat to me as things stand so can see that stagnating, however electrical maintenance to existing housing wouldn't be effected, with the industrial and commercial side of things hopefully being steady.
The green side of things although I agree is it really necessary? or hype, it is government backed with incentives they want investment in this area.
We only have three major shareholders so if one sold out that would be a concern but at present there is nothing to suggest this, they have increased their stakes over recent times.
In the end it will come down to financial performance, hopefully they will get it right.
Rax
I have sold.
Loss of £2.5m @ H1 - could well be loss of £5m for the year.
No divi likely
A BOD that inspires me not. PR advisor Camarco seems to have been sacked
One or other of the main shareholders will leave - or the Dunamis side will be demerged - the bit Turner wants.
The change from getting hands dirty businesses to green stuff ---and the emphasis on that - not my cup of tea.
Qs about future housebuilding because this shutdown will create havoc - so many unable to pay mortgage. Demand for new builds?
Smart meters - why do we need them? I can read my meters and know my contract prices
Hi Guys,
I don't understand the negativity here we have two opposing forces trying to wrestle control from each other FCRM board has been decimated and replaced with proxies who will fight the corner according to their loyalty to each faction.
Okay the PR is rubbish does that matter in the business environment we have at present, what matters is what they deliver and to be fair they are delivering more than most at a difficult time.
I don't think it is in their interests to let the company stagnate, EV infrastructure is a green driven agenda along with smart meters, I don't have a problem with them pursuing these markets if they make it work, the pipeline and electrical connection business should look after itself.
Please explain your downbeat outlook, sp wise the company is holding up well.
Doesnt matter Echo.
The recent news posted by PIP only shows that they will use FCRM to fund what they want.
So my time to get out at a profit.
My apologies JL
I was poking fun at you somewhat.
I shouldn’t really post because I sold once I broke even.
I’m surprised you’re still here. I have (and still don’t) any confidence in Harwood.
In fact breaking even on FCRM was my biggest ever relief
Echo
50p - lucky if they offer.
I am not surprised Daren left.
We now have no CEO Dugdale in name only a legal aid as Chair and a CFO with limited experience.
Board dominated by harwood and Bayford.
PIP
Reading posts metaphorically may be asking a lot .
I did read the news but got no satisfaction from the jumptech article
Seems this lot want a slice of EV. That will be a cost for a while a long while
As I said b4 - no PR -
I guess Brake(Harwood) and Turner (Bayford) will spend the asset sale cash to foster their interests in EV.
Not good news IMO.
Haven’t we made it to 50p yet JL?
Ji5 - You are reading my post in a literal sense. I just used 'pipes' as an example! I am not actually aware of such a tie up and yes, you are right, pipes are part of their core business and so it was a poor example to use. Perhaps a better analogy is to say that agreeing to partner with Jumptech (a software firm) is like agreeing to only use only Apple products throughout the business.
Jumptech have benefited from getting a company to use their product and Fulcrum are benefiting from using and installing software that is becoming ubiquitous through the industry. The problem is that there will be many companies developing software for the Green Revolution and who is to know which will be the dominant system?
And PIP
The pipe link up is integral to their core business - gas water and electricity - isnt it?
Pip
FCRM had a PR firm - which seems not to fiigure on the RNSs anymore. I spoke to them several times - they told me that the Coy managed disclosure.
When phil was chair we did get output - but now I guess we will get less and less - a COO as CEO taking direction from Harwood and Bayford - a chair who is their pawn as is the CFO .
I need to look at the news more often
thought RNSs were the guide to material benefit
I have looked at this a little more closely. The overall beneficiary seems to be Jumptech. Their website is a low cost effort with no direct explanation about what they do. My conclusion, from reading other Jumptech news items, is that they have developed some sort of software. What it exactly does is a mystery as it not properly explained anywhere.
Jumptech looks like a tech startup. I suggest Fulcrum only released this news because Jumptech were going to release their own news item anyway as a means of demonstrating their credentials. I do not see a direct financial benefit to Fulcrum. I put this in the same bracket as Fulcrum declaring they are going into partnership with one plastic pipe company - good for the pipe company but irrelevant to Fulcrum.
I also invest in Biffa (the waste collection business). In the last 72 hours they have released two news items covering the winning and extension of multimillion pound contracts. As a shareholder it is the sort of news that gives me that warm fuzzy feeling they are active looking for work and keeping their clients happy. Fulcrum are a news vacuum and they have the opposite effect! I really wish someone on the BoD would get a grip of the news output and start showing a little consideration for the shareholders. I have written to the company twice - received one positive reply but without any change in behaviour.
Pip
Thanks for the info. This is exactly the kind of news FCRM need to put out. Not sure how big Jumptech is in the EV sector but getting co-partnership deals like this will hopefully attract bigger 'fish' and a heavyweight VC.
All theory but again positive news.
HC
"Fulcrum, the leading independent multi-utility infrastructure and services provider, has established a new partnership with Jumptech to support the delivery of its Electric Vehicle (EV) projects for residential customers".
The leading headline on the Fulcrum news site - posted this morning after your comment. The focus is on building/converting residential infrastructure.
Jl. Not much happening and SP drifting again. Any thoughts.
Obviously Covid is a factor but are the EV teams ramping up installs. My guess is FCRM need to announce some colaberations with major players like Shell and BP or else they become viewd as just a sub-contractor playing second fiddle. Forcourt 'power structure' is the key.
Here were seeing Fast EV Charger points being installed at pace on PTT forcourts. Odd that the ones I've seen have 'Mercedes Tech Power Unit' logo's which suggest the German company is heavily involved. All they need is the power source and the fast charge units look like a small phone kiosk.
Interesting times.
HC
Phps
But we need a CEO with direction .
LOL all of sudden nice lift , lets hope we get to mid 40`s within a week