Since 2013, Fulcrum’s share price has risen from 5p, peaked at 66p in February 2017 before falling back to its current level. The latest trading statement highlights two new areas for potential upgrades 1) acceleration in the rate of investment in the ownership of gas assets and 2) the imminent award of an Ofgem licence to own and operate electricity assets. We calculate the EBITDA in FY20 could be increased by as much as 5% as a result of these initiatives implying a PE rating of 14x a
17 Oct 2017
Growth story continues
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Growth story continues
- Published:
17 Oct 2017 -
Author:
Andy Smith -
Pages:
9
Since 2013, Fulcrum’s share price has risen from 5p, peaked at 66p in February 2017 before falling back to its current level. The latest trading statement highlights two new areas for potential upgrades 1) acceleration in the rate of investment in the ownership of gas assets and 2) the imminent award of an Ofgem licence to own and operate electricity assets. We calculate the EBITDA in FY20 could be increased by as much as 5% as a result of these initiatives implying a PE rating of 14x a