Judging from this board it looks as though there is limited interest in Fulcrum from private investors, perhaps because it may appear to be a boring infrastructure contractor. However, with increasing recurring revenues from owning infrastructure assets such as gas pipelines and exposure to the future roll out of charging points for electric vehicles I think this company is more interesting than most contractors. The acquisition of Dunamis should help the company expand its interest in the electricity sector and the size and earnings accretive nature of the acquisition suggest that earning upgrades may be forthcoming. The profit margins and ROCE are much better than most contracting businesses and I think the p/e of 15.5 at the time of writing looks very reasonable bearing in mind the potential for earnings upgrades and growth.
"LSE:FCRM:Fulcrum did better than expected last year. The gas and electricity infrastructure services provider had a "transformational" 12 months in which profit swelled sevenfold and the cash pile grew by two-thirds. We've been fans of the ..."
At the rate this share is increasing and With these new options it looks like they will be getting them sooner rather than later.
8 March 2016
FULCRUM UTILITY SERVICES LIMITED
Management Incentive Schemes
Fulcrum Utility Services Limited ("Fulcrum" or the "Company"), the UK's market leading independent energy and multi-utility infrastructure and services provider, announces the formation of new management incentive schemes and the associated issuance of share options.
As communicated in the Company's interim results, announced on 1 December 2015, the Company has a solid and profitable foundation for further growth. The Company's share price has increased significantly over the past year and as a result, all options granted under the Company's existing management incentivisation schemes, are now exercisable. The Board believes that the ongoing appropriate incentivisation of the management team through share ownership is an important factor for the future success of the Company.
Accordingly, Fulcrum has implemented two new incentive arrangements to align with the Company's long term growth ambitions. These schemes are detailed below:
Growth Share Scheme ("GSS") Arrangement
This scheme applies to a limited number of key managers, who were awarded growth share scheme shares in Fulcrum Group Holdings Limited (C shares) on 7 March 2016.
Total number of C shares awarded
Chief Executive Officer
Chief Financial Officer
All other qualifying staff
The C shares have a nominal value of £0.00001 pence per share and carry a put option which allows the participants to sell their C shares to Fulcrum Utility Services Limited on achieving the share price performance hurdle of an average of 40 pence per share for a period of 20 consecutive working days within a 36 month performance period.
On 7 March 2016, 3,243,149 approved options were granted to qualifying staff under the Company's new EMI Share Option Plan. The exercise price for those options granted is 28.125 pence, which is equal to the Company's mid-market closing price as at the 4 March 2016, being the latest practicable date prior to the grant of these options. The share options will vest in the event that the Company's share price averages at least 40 pence over any period of 20 consecutive working days within a 36 month period beginning on 7 March 2016. Once vested, the share options can be exercised at any time up to and including 6 March 2019. If the Fulcrum Utility Services Limited share price does not average at least 40 pence over any period of 20 consecutive working days within the 36 month period, the share options will lapse.
The Company's Chairman, Phil Holder, commented: "Fulcrum's performance has improved significantly over the past year and the recent introduction of the employee share scheme, together with the new incentivisation schemes announced today, recognises the team's positive contribution to date and their future involvement in and influence on our sustainable business success".
Monday brought a lot of indiscriminate selling across the board. Stocks which have had a good run on a firm up trend were sold off.
For example Vertu Motors, Fulcrum Utility. Empresaria. IMHO this is the throws of a bear market.
If you sell these types of stocks now you have to think about whether you had the right weighting of your assets in the stock market. That said it doesn't hurt to take a profit where one is a available.
"LSE:FCRM:Fulcrum's share price has tripled this year, and its "best ever" first half has triggered another round of excited buying. The utility company, which provided the gas that lit the Olympic flame, has a loyal customer in LSE:BG.:British ..."
Yes Two Headed God, I am also pleased I remained patient over the past few years. I originally bought because management had a decent track record and it was clear that gas was the fuel of the future. Gas remains more efficient and much cheaper than electricity for heating houses and I wonder when the government will see the sense of extending gas mains to the many rural areas of the UK which do not currently have them. If the politicians could understand that this is the best way for reducing fuel costs to many consumers over the long term I think this could become a big issue in rural areas and it is much better than whining about the high costs charged by utility companies. I hope to see Fulcrum lobbying in this area although it appears the company is now diversifying its expertise into the provision of electricity supply. Well done to Fulcrum's mamanegement.
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is done with and we expect the stock to now rise, now that 'he' is out of the way? You'd be wrong in many instances, for 'he' the shorter, is often followed by others that 'help' keep the stock down !
Some stocks fall after GOOD NEWS! ....IS it just normal levels of profit taking? Yes, imo....
...BUT the underlying reason for many pi's taking early profits, is simply they are afraid they'll be left in paper losses!
Thus, if the stock, after 'good news' is then shorted, then kiss good bye to this stock reaching new highs in the very near term!
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
Why is this? They both can't win...the money has to come from somewhere?
Thanks for all your support. We are now at 4,378 votes!
AND SOARING !
(that's A LOT of irate investors!)
Investors are saying something? They are voting in their thousands !
Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
BE A PART OF IT
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
So, there is the 'catch 22' scenario. No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more). .They're all in cahoots with each other!
The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated deramping in order to tank the sp to abnormally low levels.
When the campaign is complete, the results will be reviewed by Govt legislators re- further action! The branch of the FSA ie FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either:- an outright ban on short selling, or at the very least to be better and more vigorously regulated !
The HMGovt epetition is a regulated and monitored site with legal authority that will NOT under any circumstances allow any auspicious individuals to prevent 'others' from casting their free votes. Discussions of which are freely entered into with individual viewpoints.
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