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Fenner Share Discussion Threads
Showing 5201 to 5221 of 5225 messages
|That was a good day :-) Onward and upwards now hopefully!|
|I dont quite understand this - I have been a holder for six months - been waiting for today's results which,in my opinion showed little prospect of much hope, the numbers were poor, I sold 09:30, the price rockets.
Doesn't make sense to me - the only glimmer of hope was wishful thinking statement by a the MD - price rises 10%|
|I haven't read the update as I'm busy today but clearly the market likes it.
I'm inclined to stay in this trade a while longer|
|Decent update news -worth a read through. Could be finally heading back towards 300p?|
|The Trump effect:
|There is alot of positive background news at the moment -not least rising coal prices which is I think there biggest market for belting.As profits for coal increase then these belts should get renewed more often.|
|Very nicely breached so far!|
|Good to see 200p hit. Now to see whether it can breach the barrier and continue northwards.|
|Come on FENR! You can make that 200p. As Alphahunter posted coal seems to be in the limelight a bit more recently, although I admit I haven't followed it in detail. Just a feeling from bits here and there noted in passing.|
|Coal price rises should help kick off a higher capital spending cycle boosting demand for belting.|
|Not long to go until 200p is breached. Could be tough to stay above that for a while!|
|I did toy with topping up when they were really low as I believe them to be a good company but as similar recent cases have continued down after I did top up, didn't have the courage to make the leap of faith.|
|Quite a bit for me too bouleversee. Luckily I did not invest a great deal here but it still isn't nice being under. Will hopefully get back to the low 200s soon so getting better. The last couple of days have certainly helped!|
|Still a helluva long way to go before the share price gets back to what I paid.|
|Fenner dividend paid today as well, so a good movement in the share price and a dividend. Double joy LOL!|
|you are not alone! JP Morgan? Upgrade?|
|Nice one JPM.|
|Selling a $10m-worth business to cut into their fairly high debt pile, what does this say for the dividend and free cash flow going forward?|
|A disposal that reduces debt. Has to be positive surely and I also like the bold part in the conclusion that I highlight:
Disposal of Xeridiem Medical Devices, Inc
Fenner PLC announces the disposal yesterday of Xeridiem Medical Devices, Inc ("Xeridiem") to PPC Industries, Inc for a consideration of $10.5 million, payable in cash.
Xeridiem is a manufacturer of minimally-invasive catheters and other single-use medical devices; it is located in Tucson, Arizona, USA.
During the year ended 31 August 2015, Xeridiem achieved an operating profit of $0.2 million before certain non-recurring items and had gross assets of approximately $3.2 million.
The proceeds of the sale will initially be used to reduce Fenner's net indebtedness.
Mark Abrahams, Chief Executive of Fenner PLC, commented as follows:
"Fenner has recently invested significantly in its medical businesses, most particularly through the acquisition of Charter Medical in January 2015 and the construction of state of the art, purpose-built facilities for Secant Medical, which have now entered the testing and certification phases. Together, these businesses provide a platform for exploiting our knowhow in new and growing fields to support our customers' ambitious growth plans.
We believe Xeridiem will bring more synergies to the acquirer whilst the mutually beneficial deal will allow us to focus on the significant growth opportunities in Secant and Charter."|
|Small dividend here on the 7th September at least! Seems to be holding well so far and may gain strength in the last quarter.|
|Quietly rising on demand from rejuvenated mining demand. 160 looks like support. W in feb. If yank market crashes or Yellen does her bit to mash miners may suffer some here.
M&A may affect market while still low prices in mining.|