News blog

Fulcrum Utility Services Ltd

• BY: Andrew Hore |
• POSTED: 24/11/2014 |

Marwyn has sold its 11.2% shareholding in Fulcrum Utility Services Ltd

This follows the sale of three million shares in October. Mark Watts of Marwyn resigned as a Fulcrum director in June.

The utility services provider lost £4.49m on revenues of £38.3m in the year to March 2014. There were exceptional charges of £3.68m. Fulcrum is expected to make a profit of £1.05m this year.

At 7p a share, Fulcrum is valued at £10.8m. There was net cash of £4.9m at the end of March 2014.

The shares are trading on ten times 2014-15 prospective earnings.

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