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Results: FCRM

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EPIC FCRM
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Fulcrum Utility Services – trading warning, cash flow and the balance sheet indeed not good!

Previously writing on Fulcrum Utility Services (FCRM) in May with the shares at 7.3p, despite it stating that its “core multi-utility contracting business has remained relatively unaffected by… the UK energy market has continued to experience considerable turbulence”, I concluded that I’d want some clear evidence of an overall turnaround before considering a positive stance. Today a further trading update.

EPIC FCRM
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Pipeline Firm Seems to Be Cooking on Gas with Bumper Orders in the ...erm, Pipeline

Hello Share Chasers. There aren’t many companies launching on AIM which have such a stable provenance as Fulcrum Utility Services (FCRM). Until that change eight years ago, it was part of the mighty National Grid and its business is pipes and electricity cables. Not very glamorous work, you might say. But there’s excitement building over the firm and its possible rosy future in the electric car adventure.

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