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We will hopefully learn more from the AGM on the CEO issue. My guess is major shareholders are 'pulling the strings' and is the main reason for his demise. Figure Bayford now have a say so we may get some new RNS tomorrow on this.
All theory of course but new CEO may lift FCRM out of the SP slump. Hooe so.

Choppers. Like you say SP came of the lows on the CEO news but 4sure something is up but by the AGM I'm sure there will be other RNS. I remain concerned by the 'immediate effect' statement as this kind of action is normally linked to serious conduct or other issues.
All theory of course but guess the 'divi hunters' are keeping the SP steady. See what happens post divi and RNS update or AGM.

Ji
Yes. Losing both CFO and CEO suggests not all is well at FCRM. It may be that major shareholders like Bayford have pressed for the CEO to leave. What worries me are the words 'with immediate effect'. This normally indicates a serious issue is involved and immediate action was needed. So close to the AGM is also concerning.

Not the RNS expected with CEO leaving with immediate effect. This will spook the market pre AGM. Question is why. Is the CEO aware of possible actions by other interested parties making his position untenable.
All theory of course but always a concern when CEO leaves so dramatically. Look for further RNS

Given all the positives on Friday's trades what's the opinion on the late sell of a million 'flagged' today from.Friday. Can't see 'day traders' doing this given the spread and divi date of the 3rd. Strange but any uptick is appreciated.

All theory but news on huge UK infrastructure spend is a positive.for outfits like FCRM I'm sure.

As Lump noted the spread on FCRM has tightened of late which is unusual on a Aim stock. Late trades 22.7 to 22.8 don't reassure for todays SP but you never know.
Uncertainty around the UK Government is certainly not helping but as others have said FCRM business model has many parts and EV should be a huge area of growth and hopefully profit. Not sure on the Smart Meter side whether or not its hugely profitable but given projections on how many are needed UK wide its certainly looking like it will be revenue positive.

All theory of course but I really hope we get some postive news before the AGM to give the SP a lift.

Well the drop continues post the last RNS. Hard to explain as to why other than an unloved share and being on Aim seems to add to the downside risk on what remains a solid company of many parts that really is not impacted by Brexit nonsense.

All theory of course but my historic 'stop' looks at risk unless we get some more positive news.

Choppers
Have to agree on ex div day will see a drop as normal but by then hopefully the SP has risen.
Have to think now the only way the SP will fly is if a bid is made for the company. Problem remains that with the SP at these levels were not going to see a huge premium to the present price.
Some heavy sell trades yesterday. Anyone any idea's or is this day traders but again hard to do this on FCRM given the spread.
All theory of course

Jakobowski
I may be wrong on this but I think the drop in headline profit represents the change in how they do the accounts in accordance IFRS rules?? Ji5006 has a better insight than me on this but I'm pretty sure overal profits increased as stated.

Hope it helps and guess Ji5006 will input his idea's on this.

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.

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.

Never a 'good ship' to sale on with Saga SP. Yesterday markets got over excited at crap results but today's headline is Saga Cruises only for Brits is yet another disaster. Any customers, be they Brits or not should be welcome but Saga and its Agents are good a sinking the 'boat'.

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.

Looking at the new divi of 2.5 this equates to near 10% on present SP 24p.??

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.

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.

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??

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??