Previously writing on Fulcrum Utility Services (FCRM), in October with the shares down to around 4p I suggested it’s in a weak position for funding discussions in a weak overall funding market…avoid / sell. The shares most recently closed at 0.82p and today from the company, results and…“Proposed AIM Cancellation”.
If you’re a small company in need of cash to keep the lights on, then the current market isn’t a good one in which to be trying to raise capital, and is leading to some truly horrendous deals for existing investors.
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.
Fulcrum Utility Services (FCRM) states in a trading update that its “core multi-utility contracting business has remained relatively unaffected by… the UK energy market has continued to experience considerable turbulence”. So what of a current 7.3p share price, down nearly 20%?...
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.
At least so far the charting position of Fulcrum Utility appears to be very much on a bullish tack, with the giveaway in terms of the long argument’s merit being the way that the stock has remained above its 200 day moving average now at 14.58p so consistently.
