Fenner Share Discussion Threads

[alphahunter] 13/7/2015 19:42

Consensus eps being cut now to break-even for the current year.
Fair amount of debt and high dividend yield into a cyclical downturn.
What will John Pratt do now that he has been into the job for six month?

[dlku] 11/7/2015 11:28

Super-typhoon hitting China right now.

[onjohn] 10/7/2015 10:45

Greggs getting tonked

[anony mous] 07/7/2015 21:06

One of many....they not tips. They called scams.

[alphahunter] 07/7/2015 17:18

There hasn't been any TA analyst / chartist invoking an awe-inspiring "Bowl", which would have been broken within a day as the fundamentals have reinstated themselves pretty quickly. All the fundamental points as listed above remain valid.

[brando69] 07/7/2015 15:59

divis that look wonderful because share price is tanking generally don't get maintained...

anyone buying here because they think they will get a good divi is a mug imho

[anony mous] 07/7/2015 15:57

Suckers got ramped in here by cr.Lol

[hiriam007] 07/7/2015 15:04

Wonderful divi if it can be maintained.

[alphahunter] 06/7/2015 11:48

Or a profit warning !

Who knows...

[alphahunter] 06/7/2015 11:46

Added a tiny bit today at 200p, to reach a full short position.

[sportbilly1976] 06/7/2015 10:34

All set for another rise to 220p?

[alphahunter] 06/7/2015 10:25

Some see value at a time when Iron Prices dropped the most in two weeks...
Vale is making a come back to the expenses of the Ozies

[dlku] 04/7/2015 13:39

Broken an important chart support


china slowdown hurting i giess

160p next level

[scapital] 03/7/2015 10:01

I've closed here but more out of boredom than anything else. Money can be better spent elsewhere.

[alphahunter] 03/7/2015 09:08

The price of coal collapsed this past month
The larger Chineese coal producer has just slashed capex
Yesterday, Germany pushed ahead with switch out coal towards renew. & gas power stations
Iron ore price's bounce stopped and term curve in backwardation
More capex slashing in oil & gas (Petrobas - yesterday)
Competitors have warned since FENR's last update

The sum of the part valuation does not add-up.
The dividend seems at risk.
Standard Life, the main shareholder has been selling down gradually for months

From a chart point of view, the flat line may suggest the beggining of a turnaround, with the inescapable mention that a "bowl" is being formed. I believe that fondamentals will reinstate themselves.


Just reopened a short position @ 210p and 205p between yesterday and today.

[lauders] 27/6/2015 01:52

You mean 199p hvs LOL!

The investment case from the Fenner website (agreed it is rather one-sided but here it is anyway):

INVESTMENT CASE

Both ECS and AEP have leading competitive positions in their chosen markets
ECS is one of the leading global suppliers of heavyweight conveyor solutions. AEP’s businesses have strong positions in growing niche markets.

Business resilience derived from a high level of performance-critical and aftermarket products and services
Fenner is continuing to develop a balanced portfolio of products, serving a variety of markets, meaning that the Group has become progressively more resilient.

Global footprint with growth opportunities in developed and emerging economies
Fenner operates on every continent in the world with particular strengths in North America. As the world economy evolves and grows, our strategy is to increase investment in emerging economies.

Established track record of performance in differing market conditions
Fenner significantly increased revenues and profit in 2011 and 2012, and produced resilient performances in 2013 and 2014 when market conditions in parts of the mining industry were difficult.

A strong balance sheet and strong cash flow
These have funded continuing organic and acquisitive investment as well as increased dividend payments to shareholders. The balance sheet is further strengthened by long-term debt maturity.



We will find out what has been happening in the stated update due on 22nd July according to their website:

[hvs] 26/6/2015 12:57

The debt is going to kill this.

Sub 200p soon.

[lauders] 26/6/2015 12:44

Just delayed? ;-) Guess there are still a few selling and then a rise will come one day. Never know what will happen of course, but don't see anything that has changed since my buy. Was looking so good for a re-rating at 230p as well!

[stemis] 26/6/2015 10:16

What happened to the breakout? Now over 2 weeks since last post.

[tjbird] 15/6/2015 10:27

hvs 7 Dec'14 - 17:50 - 12 of 13 0 0

It dont look good.

Rights issue coming.






What price?

[nicedude1976] 10/6/2015 16:17

It's becoming ridiculously similar to WEIR.
CR - explain yourself ;)

[lauders] 09/6/2015 02:29

Now would be a better buy point scottishfield. Was hoping that we would have a clear breakout the other day but alas back to where we started. Let's see if we can hold this 220p level. Might take some time to recover if we cannot :-(

[scottishfield] 04/6/2015 17:30

good buy (not bye) point around here imo.