Fulcrum Utility Services Ltd. (DI) (FCRM)

Sector:

Utilities

Index:

FTSE AIM All-Share

 12.63p
   
  • Change Today:
      0.000p
  • 52 Week High: 42.25p
  • 52 Week Low: 12.52p
  • Currency: UK Pounds
  • Shares Issued: 222.11m
  • Volume: 287,743
  • Market Cap: £28.04m
  • Beta: 0.24

Fulcrum Utility makes 'positive progress' during H1

By Iain Gilbert

Date: Wednesday 29 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Multi-utility services provider Fulcrum Utility Services said on Wednesday that it had made "positive progress" in executing its strategy in the first half of the year, with the group trading in line with internal expectations.
Fulcrum stated that in the first half of the trading year, it had continued to make "good progress" in expanding its multi-utility contracting and smart metering businesses and secured "a variety of new contract wins", resulting in order book growth of 45% to £81.1m.

The AIM-listed group said its "significant order book growth" in the six months ended 31 August was underpinned by it being awarded a series of high-value contracts in its core markets.

Fulcrum "significantly" grew its smart metering order book in the period by £19.0m to £29.4m, underpinned by £24.0m in contracts with E and Ecotricity, and also won "noteworthy" contracts in its housing, industrial and commercial, and maintenance and ownership divisions.

Looking forward, Fulcrum said: "The board remains excited by the Group's growth potential, encouraged by the positive progress made and order book growth achieved in the period, and will continue to evaluate organic and strategic growth opportunities to ensure that the Group meets its fullest potential.

"The extremely strong market drivers presented by the UK's energy transition, continues to provide clear and significant growth opportunities for Fulcrum, and the board is confident that the group is well positioned to capitalise on them now and in the future."

As of 1100 BST, Fulcrum shares were up 5.0% at 21.0p.

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FCRM Market Data

Currency UK Pounds
Share Price 12.63p
Change Today 0.000p
% Change 0.00 %
52 Week High 42.25p
52 Week Low 12.52p
Volume 287,743
Shares Issued 222.11m
Market Cap £28.04m
Beta 0.24

FCRM Star Ratings

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
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FCRM Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Oct-19 27-Dec-18
Paid 25-Oct-19 25-Jan-19
Amount 1.50p 0.75p

Trades for 29-Nov-2021

Time Volume / Share Price
15:07 23,657 @ 12.66p
14:27 15,766 @ 12.66p
14:14 35,502 @ 12.68p
12:53 7,818 @ 12.69p
12:46 5,000 @ 12.69p

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