Member Info for Harrycash

Ji

As you say who sells 5 shares twice or even 70 shares. My guess is these are test trades by MM's basically 'rump and dump' in reverse. No real volume trades just a lot of what appears to be 'bookbuilding' by brokers. Question is who is the beneficary. Time will tell but my guess is the same gang playing the 'long game' on getting overal control of FCRM.

All theory of course but not one of my best investments.

HC

Ji

Yep u got out of jail at the right time.
Crap share to be holding but I've a low stop on this at 15p. Only upside is a new lowball offer that most would likely agree too. Cash burn is high if you can make sense of the smoke and mirrors.

FCRM won't go bust but hard to see much in the way of investing uptick so any offer would see me gone on a break even scenario.

HC

Yep. Just started and look at far flung places like Australia to see.how quickly things change.

HC

Problem is we presently have Alpha. Beta. Delta and a newish one called Lamba which they say is from Peru. Bit like saying the next one will come from Bradford. Point is the virus is changing when presented with an obstacle that is a vaccine. Two theories. The vaccines ain't that good and big pharma know it or the virus has a brain and was made as a bio.weapon. if either is true this will.go on for years and at best will.delay recovery and in turn energy demand. HBR will suffer as a consequence and the bounce we saw in the markets in the last 10 months could vanish quicker than it came.

HC

With the overal market in the toilet hard to see much upside today. Dead cat bounce only for now. All this negative news on vaccine efficy against Delta is a worry. Appears the only winners will be big pharma with booster shots likely to be the norm year on year.

Medical boffin from Hopkkns Institute was asked how many Covid Variants could hit the world in the future. Answer. How many lettersin the alphabet + 100. We're a long way from the end of this nightmare and markets hate uncertanty.

All theory of course but HBR certainly ain't the best share in the world to own and their accounting methods are a world of smoke and mirrors to most investors. Oil price is certainly a factor with hedging often quoted but the fact is HBR Capex is basically an unknown and overal debt another issue that is hard to fathom.

HC

What a difference a few days make. I had become optomistic on HBR. The daily uptick looked good and market driven on 250 inclusion. Now the price of oil is dropping like a stone with HBR getting hammered. We're now back at 15p old money and the bottom is a guessing game but my stop would be 300p.

All theory of course but from memory a couple of posters were going 'short' on HBR. Now seems a good call. Far to risky for me so see how low we can go.

HC

Hard to see much upside with FCRM other than a renewed iffer from past suiters. They could offer a 30% premium and we'd still be losing out on the old offer price. Sure Turner et al have a plan in play but for now FCRM act as a good washing machine for assets.

All theory of course but yeeze this is a boring share.

HC

Well I remain surprised but pleased the SP continues to rise albeit logic suggests with oil prices dropping heavily we should see SP weakness. Clearly inclusion in the 250 meant Mm's had more reason to buy. Lets see if we get back to 400p (old 20p) in the coming weeks.

Hope those that suggested they would short HBR held fire for now.

All theory of course but good to see this 'dog' of a share has legs.

HC

Well blimey this is a nice surprise. Long may it continue.

Mmmm I would not suggest a short position now on HBR. Bit of Russian roulette. If you got burnt on the downside why repeat the mistake on the upside. 50/50 call. No idea

HC

I'm.sure those posting here don't have a crystal ball ok. Just take the gain and don't suggest its a given cause you said so. If it drops thru the floor will you also take the credit.

All theory of course but an up day is a win. Anyway it ain't market end yet.

HC

Ji

I maybe answering my own questions here but these results are up to the 31st March 2021. Since then we see inward cash of 3.7m plus 0.1m. A forecast balance from EPS of 23.4m and enhanced numbers if targets are met in now the next 20/30 months. How is the 4.9m intangibles loss linked to the LLP offer.

Harris left because Turner et al wanted him gone. After this set of results I think a breakup is possible with Turner and LLP carving up FCRM.

HC
HC

(Sharecast News) - Fulcrum Utility Services updated the market on the sale of its domestic customer gas connection assets and associated meters to ES Pipelines on Tuesday, confirming the transfer of the third tranche of connection assets to ESP on 1 June, for a total consideration of £3.8m.
The AIM-traded firm said cash of £3.7m would be received on 1 June, with the retention balance of £0.1m expected to be received on 31 May 2022.

It said the cash received strengthened its balance sheet, and supported its strategy and growth ambitions.

In addition, the group said it had received a further £0.1m for the first and second tranche of assets transferred under the ESP asset sale.

That additional payment was a result of the group achieving the first enhanced payment milestone under the asset sale agreement.

Fulcrum said the total gross consideration receivable was expected to be around £49m.

A total of £25.8m had been received to-date, leaving about £23.2m to be received, with the majority expected to be collected over the next two-to-three years.

The arrangement with ESP also included further milestone targets which, if achieved, would trigger additional enhanced payments of up to £3.9m over the remaining term of the contract.

Well what can I say. Against my best guesstimate the SP ended the week on the up, and above the crucial 320p line which I'm pleased about. For a change HBR rode up in tandem with the oil price rise.

For the true believers is this the turning point back to 400p, which is basically where we started post con's. I suppose no new RNS helped but a long way to go.

Anyway, its a positive week for HBR so those invested have something to cheer.

HC

Ji - Can you make sense of this. The 4.9mill impairment from LLP offer. This looks like smoke and mirrors stuff. HC

Fulcrum Utility Services Ltd - energy and multi-utility services provider - For the year ended March 31, swings to pretax loss of GBP11.5 million from profit of GBP1.3 million, driven by one-off costs of GBP6.4 million, including an asset impairment of GBP4.9 million incurred in response to a proposed tender offer from Harwood Capital LLP. Revenue grows 2.2% year-on-year to GBP47.1 million from GBP46.1 million, despite effect of Covid-19.

Ji

As you say without results info this is a very confusing read. Impairments and such are a concern but I'm assuming since 31st March things have changed. Cash infow from selling assets is post 31st March.?

Are they obliged under AIM rules to provide full details of the results et al.

You maybe correct. Turner and gang may seek to break FCRM into bits but if that was the plan why wait.

Will watch SP for the coming weeks but not thinking of averaging down until the dust settles.

HC

Well at last we got the results that are basically very bad. Headline loss and cash outflow very concerning.

Its clear the vested options to the Board made little difference to performance. They take good salaries so the options just a bit of cream on the cake. CEO statement hardly reassures.

Upside is smart metering and EV fir the future. Whether FCRM survive is now a bigger question given selling the 'crown jewels' has achieved what exactly. To me it looks like its just been used to prop up the managenent et al costs. Whether Turner will see an opportunity if the SP crashes remains to be seen.

HC

Shah.

I'm not site if your post is directed at me or other posters you guys are arguing with.

Bailiff. Good response. Good investment..that's only for you to decide.

HC

I see some pretty nasty posts here. Not sure why. This platform, as with other investor websites, is meant for debate and opinion. Good and bad. What I read is bile against others simply because they will not agree with the 'ramping' by HBR investors who cannot take the pain of losing their money on what is a pretty lousy investment.

I've said before. I'm old school from the PMO days so I already banked my losses. My mistake was not leaving the sinking ship before the new HBR crooks arrived, so again my mistake so my loss.

Those banging on about the price of oil are missing the point. HBR is not viewed the same way as say BP or Shell. Oil price up their SP rides up in tandem. This logic ain't applied to HBR so you believers need to ask WHY. Simple. HBR are perceived as s high risk share in the fossil fuel/gas industry. WHY. Simple. Cleverer investors than us understand the risk factor. Most here don't so they trash others that kinda suggest HBR is a bad investment. Unfortunatly this simple fact is 100% correct.

All theory of course but please no more 'price of oil', 'huge fcf forcasts', 'SP will double'. Sadly linking all this to HBR is stupid and basically BS. The fossil fuel industry, like big tobacco, is dying. If you.can breakeven on HBR or just lose a little then now is the time to 'run for the hills' and put your money where u can profit. Banks now look.a good bet.

HC

So were staying above 300p relecting oil price bounce. Some say were going to 400p which if acheived is where we started after shares consolidated. Hardly a win but if 400p happens, very unlikely in my opinion, then onwards and upwards but analysts appear to disagree with Jeffries reducing target range.

All theory but I don't see HBR improving much and I'm expecting more negative RNS news flow. Hope I'm wrong but this share is not for the faint hearted.

HC

The point on vested options to Linda Cook are valid. Hit the set price and she makes a lot of money. Problem is vested options are free so if you win you win but if you lose no big deal you got your high end salary.

I've been investing for 30years+ and I've held shares in a number companies where the management team get offered the 'carrot' that is free vested shares that reward for hitting shareprice targets. The logic being that good management.is retained by the 'carrot'..experience tells me that good management see through this and demand higher salaries if targets are.met. do they ever hit the vested numbers. Very very seldom. If you see Linda Cook et al leaving then 'run'.

All theory of course. Lets see what the week brings.

HC

The point on vested options to Linda Cook are valid. Hit the set price and she makes a lot of money. Problem is vested options are free so if you win you win but if you lose no big deal you got your high end salary.

I've been investing for 30years+ and I've held shares in a number companies where the management team get offered the 'carrot' that is free vested shares that reward for hitting shareprice targets. The logic being that good management.is retained by the 'carrot'..experience tells me that good management see through this and demand higher salaries if targets are.met. do they ever hit the vested numbers. Very very seldom. If you see Linda Cook et al leaving then 'run'.

All theory of course. Lets see what the week brings.

HC