Member Info for Jab1tt

According to Morningstar Miton are third largest shareholder with 16,325,506 shares ie 7.55% of the company.

No sign of major shareholders selling. In fact latest notified change was on 29 October when Killik & Co actually slightly increased their holdings. I know that being an AIM share, notification is not legally compulsory: or so someone on this site claimed. But it still gives one some confidence that the likes of Black Rock, Miton and Cannacord are still supporting the company.

When the upturn does occur, I think the SP will take off very suddenly.

There are no disclosable short positions on the company. This am shows buys well above sells and I just can't understand the downward SP on this one, even on receipt of positive news. It has just got into a downward spiral, which encourages holders to sell.

See latest announcement to install 90,000 smart meters, the first such win for the company since it became accredited.

Even this excellent win hardly moves the S/P.

One thing we do know is that expected revenues for the year end were £61.M as against the company's latest statement of £57M.

re757

Just get the Daily Mail online and click Questor, who is their top pundit.

JB

See Questor in the DM today for their take or rather brokers take on what may be the problems. They recommend a hold. Mind you it was Questor who set the whole ball rolling with a very optimistic forecast for the company. We'll just have to wait for Thursday's update now.

What the hell is going on here and who are the sellers? Large amount of trades, both buys and sells. I would think the company was forced to make a statement under market regs. Trouble is the SP got way too high following press hurbris. The company should have made this statement much earlier to save such a drastic fall, which has only served to encourage more sellers.
Let us hope for a more realistic price after the selling subsides.

There is no evidence that FCRM is being shorted. It is not. It is private investors who are selling, not the institutions.

There is no evidence that FCRM is being shorted. It is also not being sold off by instsitutional investors. It is private investors who are selling it.

The fall is just profit taking as the SP has risen 23% in the last three months. Nothing wrong with the results. Wouldn't be surprised to see them up by the end of the session..

Lots of buyers today and so far no sellers. MM's must be holding too many shares, but at some point SP is going to take off.

FCRM as well as being tipped by Naked Trader has also been tipped by Questor of the Daily Telegraph this Friday, which I would think accounted for much of the share buying that day.
It has got to get moving from here. Only thing stopping it at the mo is that the market makers are holding too many shares. Just wait!

Just waiting for this one to bottom out. It was on a very high P/E ratio. Strangely there has been no selling by institutional shareholders since the fall began, so it’s all down to us PI’s. But I agree it is very puzzling since only good news has been announced. Buying at this price must be a bargain but I would like to see a rise before I add to my existing holding.

Mike, You may well be right but your comments add little to the discussion. we can all read a trading statement. The problem is that the question will not be resolved until we see the year end report which is a long way off and by which time the share price may have fallen by another 20%. However I do think that those who read Jackson's considered comments may be encouraged to buy and I take you point about the reliability of the company statements.

I had not previously heard of this share but have just read Edmond Jackson's comments on Interactive Investor today. A very useful site by the way and Jackson is a veteran, very objective and knowledgeable analyst. He is very positive on the current low valuation but points out that forthcoming half year reresults at end of this month are going to reveal that profits are below corresponding period for last year. According to company trading statement this is normal and profits for the full year will not be affected. So, does one jump in now while the shareprice, apart from today which is probably the result of this analysis, or does one wait for final results?. All constructive comments welcome. My instinct says jump in and take a chance.

Just look at BBC business news. It will explain all. Oh, and try reading the report.

Can't tell whether you lot are suckers or rampers, but it was obviously a poor trading statement. Only 3% increase in revenue. Compare that to the figure in the last six month report. I sold my entire holding at 0800 hrs this am. It will be long wait for the £2 mark.

ETO normally put out their trading statement at end of January. There has been nothing so far since mid December when the company issued a one liner saying they wer trading in line. My hunch/hope is that they are in discussion re potential takeover . There has been high levels of turnover recently and today share price up 8%. Keep watching.

Don't know where MF gets P/E of 2.7 from. Forward PE is 4.8 according to Morningstar There has been no director buying since April this year and that was only for a small amount so they are showing no belief in the recovery of the share price. On the other hand there has been no notification of any institutions selling down their holdings. But how cackhanded was that totally unexplained upward figure for revenue of 2.3 million which apparently appeared out of thin air. Conspiracy or cock up?