Fenner Share Discussion Threads

[nicedude1976] 08/5/2015 11:07

very bumpy.
higher lows but not higher highs yet...

[cockneyrebel] 06/5/2015 16:58

Strong rally at the close on good volume today. Huge vol since mid April.

CR

[meijiman] 05/5/2015 15:42

big ones for Fenner are coal and iron ore. Iron ore has certainly picked up from lows.

[cockneyrebel] 05/5/2015 15:05

Commodity prices flying, Zinc, Copper, Aluminum all on a clip and breaking out of resistance levels.

Can't be long till FENR follows imo.

CR

[cockneyrebel] 05/5/2015 08:42

Jeffries up their target price with a Buy:

05 May 2015 Fenner PLC FENR Jefferies International Buy 209.38 210.00 225.00 235.00 Reiterates

[meijiman] 22/4/2015 10:27

Looks well supported around 205p. silly talk prior to results of a dividend cut now look foolish. On the other hand coal is not offering much of a catalyst for ECS to grow at present.

[stemis] 22/4/2015 10:00

The loss is after restructuring costs and non cash impairments/amortisation. Underlying profit is £21.8m (down from £29.6m). Forecasts seem to be for broadly more of the same in H2, maybe slight improvement.

[pugugly] 22/4/2015 08:56

Early markup starting to look like a dead cat bounce Query - Shorters closing ?

Brokers targets lower

Date Broker Recommendation Price Old target price New target price Notes
22 Apr N+1 Singer Hold 205.00 - 194.00 Retains
22 Apr finnCap Hold 205.00 185.00 185.00 Reiterates

[dlku] 22/4/2015 07:47

NASTY RESULTS

Loss of £5.1m


Outlook looks grim

ECS expects to see a continuation of the difficult trading conditions across all of its regions which is being taken into account in managing the division's cost base. In the USA, the outlook for coal prices and consumption appears to have weakened whilst in Australia, lower demand for belting products and services is expected to exacerbate the impact of continuing pricing pressure. In EMEA, any recovery in Europe is expected to be slow, and newer mining markets are expected to remain under pressure.

[mazarin] 21/4/2015 11:42

More gloomy news for Fenner:

[johnv] 21/4/2015 11:41

Vidacos NomineesHSBC has been reducing

[matt123d] 21/4/2015 10:20

Fenner Warning, Dividend Cut Expected Tomorrow, Panmure SaysTuesday, April 21, 2015 08:30 amby Cormac Mullen(Bloomberg) -- Fenner shares are little changed ahead of 1H results tomorrow, volume is 11% of 3-month daily average, stock had fallen for previous 4 sessions.Panmure Gordon (sell) says downside risks may now be well known though trading likely to get a lot worse, expects co. to warn tomorrow that earnings will be significantly below expectations, sees 15.6p EPS in 2015 vs 19p consensusSays China's ability to protect its mining industry can easily outlast Australian miners' ability to stay solvent; sees Fenner's net debt becoming a problem if miners forced to cut production sharplyExpects 40% cut to dividend which sees covering worst case scenario, helping share price find bottomNOTE: Fenner will maintain interim div. at 4p/share, according to BDVD forecastNOTE: March 12, Fenner sees FY underlying EPS moderately below expectationsStock has risen 3% month-to-date vs a 3.1% rise in the Stoxx 600 Industrial Goods and Services index; is down 3.9% YTD vs a 21% advance in the SXNP indexOf 15 analyst ratings, 3 are buy, 9 hold, 3 sell, with an average PT of 208p, in line with the current share price

[hvs] 19/4/2015 16:47

Next stop £ 1.80p and lower.

[cockneyrebel] 19/4/2015 12:53

Chart looking like a bottom is forming or in now imo:


free stock charts from uk.advfn.com

[prince7652] 14/4/2015 16:13

Bought some chart looking good dividend looks safe

[meijiman] 14/4/2015 10:49

iron ore prices are heading up -finally. Guess some production cutbacks may be helping tighten the market a bit.

[cockneyrebel] 10/4/2015 13:36

Chart turning rather positive here ahead of next week's interim results imo.

CR

[meijiman] 08/4/2015 15:46

About time this was bid for -and/or the AEP division sold on or floated-says he after 10 seconds of careful thought.

[mazarin] 13/3/2015 09:53

For further comment on expected downturn see:

[opodio] 13/3/2015 08:51

Forecast Downgrade

ECS Australia is now expected to see volumes down 'low double
digit'. We have assumed 13% fall on estimated £150m of annual revenue suggests c.
£20m decline which, with 40% drop through equates to £8m decline in profit. Factor in
further reduction in AEP oil & Gas business of £1.5m for £9.5m reduction in overall PBT.

[alphahunter] 12/3/2015 14:06

FENR duly warned today.
Reassuring conference call, cash cushion and dividend maintained.
Covered the position belatedly past midday.

Malaise has moved further downstream from oil equipment to widgets/components.


After 2 weeks of flat-lining at $10, TWI seems to have some tailwind.
I bet 95% of the trades there are algos. Is money going back into mining equipment stock?
TWI has a huge pile of debt with no covenant and a favorable maturity profile, looks like it is poorly managed by redneck Taylor (hilarious conference call), counts a couple of value investors and one activist (he's recently increased his stake) as shareholders, the large short position (12%) is being covered gradually and the Management bought some shares in December.

Stock trades at tangible book value.

What have FENR and TWI have in common? Not much, really, just that they both sell rubber to the miners. :-)

[rimmy2000] 12/3/2015 10:40

bought some FENR