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Director dealings: Fulcrum Utility chairman buys after shares fade from high

Wed, 07th Sep 2016 15:09

(ShareCast News) - Fulcrum Utility Services chairman Phil Holder picked up shares in the multi-utility infrastructure group after its share price tailed off from all-time highs earlier in the summer.Utility industry veteran Holder snapped up 100,000 shares at 36.75p apiece, a few months after the stock topped 43p on the back of June's record results before slipping as much as 18% earlier this week.Fulcrum, which has since signed two large new contracts in partnership with British Gas, in June reported profits soaring to £4.3m before tax in the year to end-March from £0.6m last time on revenue up by 2.3% to £34.5m.A final dividend of 0.6p per share was recommended, with an ex-dividend date of 29 September, which the board said reflects its confidence about cash generation and future prospects.At the time Holder said: "Fulcrum has continued to make excellent progress this year, achieving our objectives and strategy. With a sustained focus on customer service excellence, we can look forward to building on recent contract wins and further expanding our multi-utility services."The group's order book and operating cash flow both remain strong and support our strategy for growth. We believe the outlook remains positive and that the group continues to be well positioned to make further progress in 2017." Top Director BuysFulcrum Utility Services Ltd. (di) (FCRM)Director name: Holder,PhilAmount purchased: 100,000 @ 36.75pValue: £36,750.00F&c Commercial Property Trust Ltd. (FCPT)Director name: Clark,TrudiAmount purchased: 19,410 @ 128.30pValue: £24,903.03Jarvis Securities (JIM)Director name: Crabb,NicholasAmount purchased: 2,500 @ 314.00pValue: £7,850.00Baillie Gifford Shin Nippon (BGS)Director name: Donaldson,Michael NeilAmount purchased: 291 @ 512.50pValue: £1,491.38Sse (SSE)Director name: Alexander,GregorAmount purchased: 10 @ 1,545.00pValue: £154.50Marshalls (MSLH)Director name: Clarke,JackAmount purchased: 48 @ 309.20pValue: £148.42Close Brothers Group (CBG)Director name: Prebensen,PrebenAmount purchased: 10 @ 1,393.00pValue: £139.30Sse (SSE)Director name: Phillips-Davies,AlistairAmount purchased: 9 @ 1,545.00pValue: £139.05Ssp Group (SSPG)Director name: Davies,JonathanAmount purchased: 38 @ 327.50pValue: £124.45Ssp Group (SSPG)Director name: Swann,KateAmount purchased: 38 @ 327.50pValue: £124.45Top Director SellsLiontrust Asset Management (LIO)Director name: Collins,Adrian John ReginaldAmount sold: 200,000 @ 348.00pValue: £696,000.00Liontrust Asset Management (LIO)Director name: Collins,Adrian John ReginaldAmount sold: 13,623 @ 348.00pValue: £47,408.04

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