This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsFulcrum Utility Services (FCRM) 주식 개요Fulcrum Utility Services Limited provides multi-utility infrastructure services and solutions in the United Kingdom. 자세히 보기FCRM 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성3/6배당0/6위험 분석지난 5년간 매년 수익이 75.8% 감소했습니다.의미 있는 시가총액이 없습니다(£499K)지난 3개월 동안 주가 변동성이 UK 시장과 비교했을 때 매우 높았습니다.cash runway 경력이 1년 미만입니다.모든 위험 점검 보기FCRM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW470,156 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA470,156 investors already sharing narrativesYour Fair ValueUK£Current PriceUK£0.001598.5% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-25m68m2016201920222025202620282031Revenue UK£68.0mEarnings UK£5.4mAdvancedSet Fair ValueView all narrativesFulcrum Utility Services Limited 경쟁사Quantum Data EnergySymbol: LSE:QDEMarket cap: UK£3.1mKibo EnergySymbol: AIM:KIBOMarket cap: UK£882.9kChina Primary Energy HoldingsSymbol: SEHK:8117Market cap: HK$49.2mRenaissance UnitedSymbol: SGX:I11Market cap: S$6.2m가격 이력 및 성과Fulcrum Utility Services 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가UK£0.001552주 최고가UK£0.07252주 최저가UK£0.0008베타0.271개월 변동-25.00%3개월 변동-81.82%1년 변동-97.92%3년 변동-99.62%5년 변동-99.72%IPO 이후 변동-98.80%최근 뉴스 및 업데이트공고 • Sep 27Fulcrum Utility Services Limited's Shareholders Approve Cancellation of the Admission of the Ordinary Shares to Trading on AIMFulcrum Utility Services Limited announced that the shareholders approved cancellation of the admission of the Ordinary Shares to trading on AIM. Accordingly, the last day of dealings in the Company's Ordinary Shares on AIM will be 3 October 2023 and Cancellation will become effective at 7.00 a.m. on 4 October 2023.공고 • Sep 19Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Coordinated Universal Time.공고 • Aug 22Fulcrum Utility Services Announces Proposed AIM Cancellation of Ordinary SharesFulcrum Utility Services Limited announced the proposed cancellation of admission to trading on AIM of its ordinary shares of 0.1p each ("Ordinary Shares") (the "Cancellation"), and the adoption of amended and restated memorandum and articles of association (the "Amended Articles") (together, the "Proposals"). The Directors have undertaken a review to evaluate the advantages and disadvantages to the Company and its Shareholders of retaining the admission to trading on AIM of the Company's Ordinary Shares. This review has included, amongst other matters, the Company's limited prospects of raising additional equity financing on AIM given its current investor base, the limited trading in the Company's Ordinary Shares, the significant cost associated with maintaining the Company's admission to trading on AIM and the management time and the legal and regulatory burden associated with being a quoted company. As a result, the Directors have concluded that the Proposals are in the best interests of the Company and its Shareholders as a whole. The Proposals are subject to Shareholder approval and accordingly, a circular will be sent to Shareholders and will be made available on the Company's website today, setting out the background to and reasons for the Proposals (the "Circular") and which will contain a notice convening a general meeting (the "General Meeting") at which Shareholders will be invited to consider and, if thought fit, approve the resolutions to implement the Proposals. Extracts of the Circular can be found in Appendix 1 to this announcement.Reported Earnings • Aug 22Full year 2023 earnings released: UK£0.063 loss per share (vs UK£0.052 loss in FY 2022)Full year 2023 results: UK£0.063 loss per share (further deteriorated from UK£0.052 loss in FY 2022). Revenue: UK£50.6m (down 18% from FY 2022). Net loss: UK£25.1m (loss widened 87% from FY 2022).New Risk • Jun 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 79% per year over the past 5 years. Market cap is less than US$10m (UK£3.49m market cap, or US$4.48m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end).공고 • May 04Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023, at 11:00 Coordinated Universal Time. Location: offices of the Company, 2 Europa V, Sheffield,1XH S9 Sheffield United Kingdom Agenda: To consider increase of the authorized share capital; to discuss the authority of allot shares; to discuss disapplication of pre-emption rights; and to discuss other matters.더 많은 업데이트 보기Recent updates공고 • Sep 27Fulcrum Utility Services Limited's Shareholders Approve Cancellation of the Admission of the Ordinary Shares to Trading on AIMFulcrum Utility Services Limited announced that the shareholders approved cancellation of the admission of the Ordinary Shares to trading on AIM. Accordingly, the last day of dealings in the Company's Ordinary Shares on AIM will be 3 October 2023 and Cancellation will become effective at 7.00 a.m. on 4 October 2023.공고 • Sep 19Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Coordinated Universal Time.공고 • Aug 22Fulcrum Utility Services Announces Proposed AIM Cancellation of Ordinary SharesFulcrum Utility Services Limited announced the proposed cancellation of admission to trading on AIM of its ordinary shares of 0.1p each ("Ordinary Shares") (the "Cancellation"), and the adoption of amended and restated memorandum and articles of association (the "Amended Articles") (together, the "Proposals"). The Directors have undertaken a review to evaluate the advantages and disadvantages to the Company and its Shareholders of retaining the admission to trading on AIM of the Company's Ordinary Shares. This review has included, amongst other matters, the Company's limited prospects of raising additional equity financing on AIM given its current investor base, the limited trading in the Company's Ordinary Shares, the significant cost associated with maintaining the Company's admission to trading on AIM and the management time and the legal and regulatory burden associated with being a quoted company. As a result, the Directors have concluded that the Proposals are in the best interests of the Company and its Shareholders as a whole. The Proposals are subject to Shareholder approval and accordingly, a circular will be sent to Shareholders and will be made available on the Company's website today, setting out the background to and reasons for the Proposals (the "Circular") and which will contain a notice convening a general meeting (the "General Meeting") at which Shareholders will be invited to consider and, if thought fit, approve the resolutions to implement the Proposals. Extracts of the Circular can be found in Appendix 1 to this announcement.Reported Earnings • Aug 22Full year 2023 earnings released: UK£0.063 loss per share (vs UK£0.052 loss in FY 2022)Full year 2023 results: UK£0.063 loss per share (further deteriorated from UK£0.052 loss in FY 2022). Revenue: UK£50.6m (down 18% from FY 2022). Net loss: UK£25.1m (loss widened 87% from FY 2022).New Risk • Jun 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 79% per year over the past 5 years. Market cap is less than US$10m (UK£3.49m market cap, or US$4.48m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end).공고 • May 04Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023, at 11:00 Coordinated Universal Time. Location: offices of the Company, 2 Europa V, Sheffield,1XH S9 Sheffield United Kingdom Agenda: To consider increase of the authorized share capital; to discuss the authority of allot shares; to discuss disapplication of pre-emption rights; and to discuss other matters.Reported Earnings • Dec 14First half 2023 earnings released: UK£0.052 loss per share (vs UK£0.005 loss in 1H 2022)First half 2023 results: UK£0.052 loss per share (further deteriorated from UK£0.005 loss in 1H 2022). Revenue: UK£23.9m (down 16% from 1H 2022). Net loss: UK£20.7m (loss widened UK£19.6m from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance.Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Jenn Babington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Aug 03Is Fulcrum Utility Services (LON:FCRM) In A Good Position To Invest In Growth?There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...Reported Earnings • Aug 02Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: UK£0.052 loss per share (down from UK£0.046 loss in FY 2021). Revenue: UK£61.8m (up 31% from FY 2021). Net loss: UK£13.4m (loss widened 31% from FY 2021). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 300%. Over the next year, revenue is forecast to grow 7.7% compared to a 12% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 27Price target decreased to UK£0.20Down from UK£0.45, the current price target is provided by 1 analyst. New target price is 113% above last closing price of UK£0.095. Stock is down 74% over the past year. The company is forecast to post a net loss per share of UK£0.01 next year compared to a net loss per share of UK£0.046 last year.Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Jenn Babington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Apr 15Price target decreased to UK£0.20Down from UK£0.45, the current price target is provided by 1 analyst. New target price is 131% above last closing price of UK£0.087. Stock is down 76% over the past year. The company is forecast to post a net loss per share of UK£0.01 next year compared to a net loss per share of UK£0.046 last year.Board Change • Apr 15High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Jenn Babington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공고 • Dec 12Fulcrum Utility Services Limited Announces Board ChangesFulcrum Utility Services Limited announced that Phil Holder, Non-Executive Chairman, has notified the Board that he is stepping down from the Board with immediate effect, in accordance with the Company's previously announced succession plan. Jennifer Babington, who was appointed as Non-Executive Director in May 2020, will become Non-Executive Chairman with immediate effect. Furthermore, Stephen Gutteridge will now remain on the Board as an independent Non-Executive Director until a suitable replacement is found.공고 • Oct 06Fulcrum Utility Services Limited Announces Step Down of Stephen Gutteridge from the BoardFulcrum Utility Services Limited announced that Stephen Gutteridge, Non-Executive Director has given notice that he will step down from the Board at the end of this calendar year. A process to recruit a new independent Non-Executive Director is underway and a further announcement will be made in due course.공고 • Sep 24Fulcrum Utility Services Limited Announces Appointment of Jennifer Cutler as Chief Financial OfficerFulcrum Utility Services Limited announced the appointment of Jennifer (Jenny) Cutler, who will join the Group as its new Chief Financial Officer on 19 October 2020. Jenny joins Fulcrum from Harworth Group plc, a Main Market listed business and a leading regenerator of land and property for development and investment, where she was Director of Finance.공고 • Jul 31ES Pipelines Ltd. completed the acquisition of domestic customer gas connection assets of Fulcrum Utility Services Limited (AIM:FCRM).E.S. Pipelines Limited entered into a conditional sale and purchase agreement to acquire domestic customer gas connection assets of Fulcrum Utility Services Limited (AIM:FCRM) for approximately £46 million on December 23, 2019. Initial cash consideration of approximately £17 million is payable on completion, with the balance relating to part-complete networks and the internal and external order books to be received over the next four years, as assets are built out and transferred. Pursuant to the terms, it is intended that the first tranche of assets relating to Fulcrum's existing asset estate will be hived down into a newly formed subsidiary and this subsidiary will then be transferred to E.S. Pipelines. This subsidiary, containing the first tranche of assets, will be transferred at completion. As the internal and external order books are built out, subsequent tranches of assets will be hived down into newly created subsidiaries at approximately twelve month intervals (or when the value of the assets ready to be transferred exceeds £6.5 million), and these subsidiaries will then be transferred in return for the relevant portion of the consideration. The consideration for the sale is subject to certain clawback provisions over a three year period in the event of, inter alia, a change of control of Fulcrum Utility Services, of approximately 15% or 7.5% of the consideration if the change of control occurs within one year or between one and three years of completion respectively. The transaction is conditional on Ofgem (Office of Gas and Electricity Markets) approval and the Competition and Markets Authority. As of March 4, 2020, the transaction is approved by Ofgem (Office of Gas and Electricity Markets) and the Competition and Markets Authority and the completion of the transaction will occur by the end of March 2020. Fulcrum Utility Services will use the initial tranche of consideration to, inter alia, repay in full existing borrowings on completion of approximately £12 million. Sale proceeds will also be utilized to meet Fulcrum's working capital requirements, including in relation to the build out of order book assets. Jonathan Coddington and Matt Alexander of Smith Square Partners LLP acted as financial advisors and Gaby Jones, Tom Mercer, Alexander Cox, Neil Cuninghame of Ashurst LLP acted as legal advisors to Fulcrum Utility Services Limited. Max Hartley, Michael Johnson and Callum Davidson of Cenkos Securities plc (AIM:CNKS) acted as financial advisor and broker to Fulcrum Utility Services Limited. ES Pipelines Ltd. completed the acquisition of domestic customer gas connection assets of Fulcrum Utility Services Limited (AIM:FCRM) on March 31, 2020. As part of the transaction, Fulcrum Utility Services Limited used the proceeds from the sale to repay its existing debt of £11 million in full, leaving the business debt free, other than operating lease obligations.주주 수익률FCRMGB Gas UtilitiesGB 시장7D0%-4.0%0.4%1Y-97.9%16.6%18.8%전체 주주 수익률 보기수익률 대 산업: FCRM은 지난 1년 동안 16.6%의 수익을 기록한 UK Gas Utilities 산업보다 저조한 성과를 냈습니다.수익률 대 시장: FCRM은 지난 1년 동안 18.8%를 기록한 UK 시장보다 저조한 성과를 냈습니다.주가 변동성Is FCRM's price volatile compared to industry and market?FCRM volatilityFCRM Average Weekly Movement23.0%Gas Utilities Industry Average Movement2.6%Market Average Movement5.2%10% most volatile stocks in GB Market10.3%10% least volatile stocks in GB Market2.7%안정적인 주가: FCRM의 주가는 지난 3개월 동안 UK 시장보다 변동성이 컸습니다.시간에 따른 변동성: FCRM의 주간 변동성(23%)은 지난 1년 동안 안정적이었지만 UK 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트2008297Lindsay Austinwww.fulcrum.co.uk더 보기Fulcrum Utility Services Limited 기초 지표 요약Fulcrum Utility Services의 순이익과 매출은 시가총액과 어떻게 비교됩니까?FCRM 기초 통계시가총액UK£499.14k순이익 (TTM)-UK£25.14m매출 (TTM)UK£50.55m0.0x주가매출비율(P/S)0.0x주가수익비율(P/E)FCRM는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표FCRM 손익계산서 (TTM)매출UK£50.55m매출원가UK£45.39m총이익UK£5.16m기타 비용UK£30.30m순이익-UK£25.14m최근 보고된 실적Mar 31, 2023다음 실적 발표일해당 없음주당순이익(EPS)-0.063총이익률10.21%순이익률-49.73%부채/자본 비율0%FCRM의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/10/04 01:37종가2023/10/03 00:00수익2023/03/31연간 수익2023/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Fulcrum Utility Services Limited는 1명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullCavendish
공고 • Sep 27Fulcrum Utility Services Limited's Shareholders Approve Cancellation of the Admission of the Ordinary Shares to Trading on AIMFulcrum Utility Services Limited announced that the shareholders approved cancellation of the admission of the Ordinary Shares to trading on AIM. Accordingly, the last day of dealings in the Company's Ordinary Shares on AIM will be 3 October 2023 and Cancellation will become effective at 7.00 a.m. on 4 October 2023.
공고 • Sep 19Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Coordinated Universal Time.
공고 • Aug 22Fulcrum Utility Services Announces Proposed AIM Cancellation of Ordinary SharesFulcrum Utility Services Limited announced the proposed cancellation of admission to trading on AIM of its ordinary shares of 0.1p each ("Ordinary Shares") (the "Cancellation"), and the adoption of amended and restated memorandum and articles of association (the "Amended Articles") (together, the "Proposals"). The Directors have undertaken a review to evaluate the advantages and disadvantages to the Company and its Shareholders of retaining the admission to trading on AIM of the Company's Ordinary Shares. This review has included, amongst other matters, the Company's limited prospects of raising additional equity financing on AIM given its current investor base, the limited trading in the Company's Ordinary Shares, the significant cost associated with maintaining the Company's admission to trading on AIM and the management time and the legal and regulatory burden associated with being a quoted company. As a result, the Directors have concluded that the Proposals are in the best interests of the Company and its Shareholders as a whole. The Proposals are subject to Shareholder approval and accordingly, a circular will be sent to Shareholders and will be made available on the Company's website today, setting out the background to and reasons for the Proposals (the "Circular") and which will contain a notice convening a general meeting (the "General Meeting") at which Shareholders will be invited to consider and, if thought fit, approve the resolutions to implement the Proposals. Extracts of the Circular can be found in Appendix 1 to this announcement.
Reported Earnings • Aug 22Full year 2023 earnings released: UK£0.063 loss per share (vs UK£0.052 loss in FY 2022)Full year 2023 results: UK£0.063 loss per share (further deteriorated from UK£0.052 loss in FY 2022). Revenue: UK£50.6m (down 18% from FY 2022). Net loss: UK£25.1m (loss widened 87% from FY 2022).
New Risk • Jun 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 79% per year over the past 5 years. Market cap is less than US$10m (UK£3.49m market cap, or US$4.48m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end).
공고 • May 04Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023, at 11:00 Coordinated Universal Time. Location: offices of the Company, 2 Europa V, Sheffield,1XH S9 Sheffield United Kingdom Agenda: To consider increase of the authorized share capital; to discuss the authority of allot shares; to discuss disapplication of pre-emption rights; and to discuss other matters.
공고 • Sep 27Fulcrum Utility Services Limited's Shareholders Approve Cancellation of the Admission of the Ordinary Shares to Trading on AIMFulcrum Utility Services Limited announced that the shareholders approved cancellation of the admission of the Ordinary Shares to trading on AIM. Accordingly, the last day of dealings in the Company's Ordinary Shares on AIM will be 3 October 2023 and Cancellation will become effective at 7.00 a.m. on 4 October 2023.
공고 • Sep 19Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023Fulcrum Utility Services Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Coordinated Universal Time.
공고 • Aug 22Fulcrum Utility Services Announces Proposed AIM Cancellation of Ordinary SharesFulcrum Utility Services Limited announced the proposed cancellation of admission to trading on AIM of its ordinary shares of 0.1p each ("Ordinary Shares") (the "Cancellation"), and the adoption of amended and restated memorandum and articles of association (the "Amended Articles") (together, the "Proposals"). The Directors have undertaken a review to evaluate the advantages and disadvantages to the Company and its Shareholders of retaining the admission to trading on AIM of the Company's Ordinary Shares. This review has included, amongst other matters, the Company's limited prospects of raising additional equity financing on AIM given its current investor base, the limited trading in the Company's Ordinary Shares, the significant cost associated with maintaining the Company's admission to trading on AIM and the management time and the legal and regulatory burden associated with being a quoted company. As a result, the Directors have concluded that the Proposals are in the best interests of the Company and its Shareholders as a whole. The Proposals are subject to Shareholder approval and accordingly, a circular will be sent to Shareholders and will be made available on the Company's website today, setting out the background to and reasons for the Proposals (the "Circular") and which will contain a notice convening a general meeting (the "General Meeting") at which Shareholders will be invited to consider and, if thought fit, approve the resolutions to implement the Proposals. Extracts of the Circular can be found in Appendix 1 to this announcement.
Reported Earnings • Aug 22Full year 2023 earnings released: UK£0.063 loss per share (vs UK£0.052 loss in FY 2022)Full year 2023 results: UK£0.063 loss per share (further deteriorated from UK£0.052 loss in FY 2022). Revenue: UK£50.6m (down 18% from FY 2022). Net loss: UK£25.1m (loss widened 87% from FY 2022).
New Risk • Jun 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 79% per year over the past 5 years. Market cap is less than US$10m (UK£3.49m market cap, or US$4.48m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end).
공고 • May 04Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023Fulcrum Utility Services Limited, Annual General Meeting, May 23, 2023, at 11:00 Coordinated Universal Time. Location: offices of the Company, 2 Europa V, Sheffield,1XH S9 Sheffield United Kingdom Agenda: To consider increase of the authorized share capital; to discuss the authority of allot shares; to discuss disapplication of pre-emption rights; and to discuss other matters.
Reported Earnings • Dec 14First half 2023 earnings released: UK£0.052 loss per share (vs UK£0.005 loss in 1H 2022)First half 2023 results: UK£0.052 loss per share (further deteriorated from UK£0.005 loss in 1H 2022). Revenue: UK£23.9m (down 16% from 1H 2022). Net loss: UK£20.7m (loss widened UK£19.6m from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Jenn Babington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Aug 03Is Fulcrum Utility Services (LON:FCRM) In A Good Position To Invest In Growth?There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Reported Earnings • Aug 02Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: UK£0.052 loss per share (down from UK£0.046 loss in FY 2021). Revenue: UK£61.8m (up 31% from FY 2021). Net loss: UK£13.4m (loss widened 31% from FY 2021). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 300%. Over the next year, revenue is forecast to grow 7.7% compared to a 12% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 27Price target decreased to UK£0.20Down from UK£0.45, the current price target is provided by 1 analyst. New target price is 113% above last closing price of UK£0.095. Stock is down 74% over the past year. The company is forecast to post a net loss per share of UK£0.01 next year compared to a net loss per share of UK£0.046 last year.
Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Jenn Babington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Apr 15Price target decreased to UK£0.20Down from UK£0.45, the current price target is provided by 1 analyst. New target price is 131% above last closing price of UK£0.087. Stock is down 76% over the past year. The company is forecast to post a net loss per share of UK£0.01 next year compared to a net loss per share of UK£0.046 last year.
Board Change • Apr 15High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Jenn Babington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공고 • Dec 12Fulcrum Utility Services Limited Announces Board ChangesFulcrum Utility Services Limited announced that Phil Holder, Non-Executive Chairman, has notified the Board that he is stepping down from the Board with immediate effect, in accordance with the Company's previously announced succession plan. Jennifer Babington, who was appointed as Non-Executive Director in May 2020, will become Non-Executive Chairman with immediate effect. Furthermore, Stephen Gutteridge will now remain on the Board as an independent Non-Executive Director until a suitable replacement is found.
공고 • Oct 06Fulcrum Utility Services Limited Announces Step Down of Stephen Gutteridge from the BoardFulcrum Utility Services Limited announced that Stephen Gutteridge, Non-Executive Director has given notice that he will step down from the Board at the end of this calendar year. A process to recruit a new independent Non-Executive Director is underway and a further announcement will be made in due course.
공고 • Sep 24Fulcrum Utility Services Limited Announces Appointment of Jennifer Cutler as Chief Financial OfficerFulcrum Utility Services Limited announced the appointment of Jennifer (Jenny) Cutler, who will join the Group as its new Chief Financial Officer on 19 October 2020. Jenny joins Fulcrum from Harworth Group plc, a Main Market listed business and a leading regenerator of land and property for development and investment, where she was Director of Finance.
공고 • Jul 31ES Pipelines Ltd. completed the acquisition of domestic customer gas connection assets of Fulcrum Utility Services Limited (AIM:FCRM).E.S. Pipelines Limited entered into a conditional sale and purchase agreement to acquire domestic customer gas connection assets of Fulcrum Utility Services Limited (AIM:FCRM) for approximately £46 million on December 23, 2019. Initial cash consideration of approximately £17 million is payable on completion, with the balance relating to part-complete networks and the internal and external order books to be received over the next four years, as assets are built out and transferred. Pursuant to the terms, it is intended that the first tranche of assets relating to Fulcrum's existing asset estate will be hived down into a newly formed subsidiary and this subsidiary will then be transferred to E.S. Pipelines. This subsidiary, containing the first tranche of assets, will be transferred at completion. As the internal and external order books are built out, subsequent tranches of assets will be hived down into newly created subsidiaries at approximately twelve month intervals (or when the value of the assets ready to be transferred exceeds £6.5 million), and these subsidiaries will then be transferred in return for the relevant portion of the consideration. The consideration for the sale is subject to certain clawback provisions over a three year period in the event of, inter alia, a change of control of Fulcrum Utility Services, of approximately 15% or 7.5% of the consideration if the change of control occurs within one year or between one and three years of completion respectively. The transaction is conditional on Ofgem (Office of Gas and Electricity Markets) approval and the Competition and Markets Authority. As of March 4, 2020, the transaction is approved by Ofgem (Office of Gas and Electricity Markets) and the Competition and Markets Authority and the completion of the transaction will occur by the end of March 2020. Fulcrum Utility Services will use the initial tranche of consideration to, inter alia, repay in full existing borrowings on completion of approximately £12 million. Sale proceeds will also be utilized to meet Fulcrum's working capital requirements, including in relation to the build out of order book assets. Jonathan Coddington and Matt Alexander of Smith Square Partners LLP acted as financial advisors and Gaby Jones, Tom Mercer, Alexander Cox, Neil Cuninghame of Ashurst LLP acted as legal advisors to Fulcrum Utility Services Limited. Max Hartley, Michael Johnson and Callum Davidson of Cenkos Securities plc (AIM:CNKS) acted as financial advisor and broker to Fulcrum Utility Services Limited. ES Pipelines Ltd. completed the acquisition of domestic customer gas connection assets of Fulcrum Utility Services Limited (AIM:FCRM) on March 31, 2020. As part of the transaction, Fulcrum Utility Services Limited used the proceeds from the sale to repay its existing debt of £11 million in full, leaving the business debt free, other than operating lease obligations.
