Garth>>>> Fulcrum is a totally different business to Maelor, so you are not comapring like for like. It does however, enjoy a similar track record in relation to long term delivery for shareholders. In fact, i recall some years back when it was profitable, which you have failed to point out, while it also paid a small dividend. But, it blotted its copy book on more than one occasion going from profit to loss, to turnaround and then turn back. Some, may agree with you and buy Ful, others on the other hand will chose to stick around here