Director dealings: Fulcrum Utility chairman buys after shares fade from high

Utility industry veteran Holder snapped up 100,000 shares at 36.75p apiece, a few months after the stock topped 43p on the back of June's record results before slipping as much as 18% earlier this week.

Fulcrum, which has since signed two large new contracts in partnership with British Gas, in June reported profits soaring to £4.3m before tax in the year to end-March from £0.6m last time on revenue up by 2.3% to £34.5m.

A final dividend of 0.6p per share was recommended, with an ex-dividend date of 29 September, which the board said reflects its confidence about cash generation and future prospects.

At the time Holder said: "Fulcrum has continued to make excellent progress this year, achieving our objectives and strategy. With a sustained focus on customer service excellence, we can look forward to building on recent contract wins and further expanding our multi-utility services.

"The group's order book and operating cash flow both remain strong and support our strategy for growth. We believe the outlook remains positive and that the group continues to be well positioned to make further progress in 2017."

Top Director Buys

Fulcrum Utility Services Ltd. (di) (FCRM)
Director name: Holder,Phil
Amount purchased: 100,000 @ 36.75p
Value: £36,750.00

F&c Commercial Property Trust Ltd. (FCPT)
Director name: Clark,Trudi
Amount purchased: 19,410 @ 128.30p
Value: £24,903.03

Jarvis Securities (JIM)
Director name: Crabb,Nicholas
Amount purchased: 2,500 @ 314.00p
Value: £7,850.00

Baillie Gifford Shin Nippon (BGS)
Director name: Donaldson,Michael Neil
Amount purchased: 291 @ 512.50p
Value: £1,491.38

Sse (SSE)
Director name: Alexander,Gregor
Amount purchased: 10 @ 1,545.00p
Value: £154.50

Marshalls (MSLH)
Director name: Clarke,Jack
Amount purchased: 48 @ 309.20p
Value: £148.42

Close Brothers Group (CBG)
Director name: Prebensen,Preben
Amount purchased: 10 @ 1,393.00p
Value: £139.30

Sse (SSE)
Director name: Phillips-Davies,Alistair
Amount purchased: 9 @ 1,545.00p
Value: £139.05

Ssp Group (SSPG)
Director name: Davies,Jonathan
Amount purchased: 38 @ 327.50p
Value: £124.45

Ssp Group (SSPG)
Director name: Swann,Kate
Amount purchased: 38 @ 327.50p
Value: £124.45

Top Director Sells

Liontrust Asset Management (LIO)
Director name: Collins,Adrian John Reginald
Amount sold: 200,000 @ 348.00p
Value: £696,000.00

Liontrust Asset Management (LIO)
Director name: Collins,Adrian John Reginald
Amount sold: 13,623 @ 348.00p
Value: £47,408.04