Fenner Share Discussion Threads

[packman8] 01/8/2015 09:57

Ideal takeover for Melrose, who have proved they can take over companies, and sell them on once profitable. Fenner after all world leader in conveyor belts etc.

[alphahunter] 31/7/2015 11:07

Me thinks that a bid is unlikely given the quasi conglomerate structure of the group. A spin-off may be, but the sum of the part valuation does not add-up to the current market cap IMHO. Even less so if you factor in a 10% conglomerate discount.

[meijiman] 30/7/2015 09:00

Would be great if there was a bid for this.hopeless management seemingly powerless to do anything about the share price.

[alphahunter] 30/7/2015 08:59

Ex-div day indeed.

New to me, I've read that mining cos are insourcing back maintenance operations - at odds with Fenner's push into service/solutions. To be perfectly honest, I am not sure I got the full jist of what Fenner meant in laymans's term - "solutions" can sometimes be a catch-all word-.
A few US coal cos have reported in the last few days.

[lauders] 30/7/2015 08:34

Stopped out on the ex-divi date fozzie? Let's see if this doesn't turnaround with some patience. I agree that sometimes it is better to cut and run but I haven't been in that long here and invested on a longterm basis with money I decided I could lose if necessary. Hope you recover your money where you put the remainder. Good luck.

[fozzie] 30/7/2015 08:17

Stopped out this morning to lose another 3363 on this shower, when will I learn.

[nigelmoat] 24/7/2015 15:47

Think Neptune are buying for their 'Opportunities' Fund?

[hvs] 24/7/2015 15:43

lol !!!!!!!!

Is the books cooked then ?

Especially with the FD leaving a sinking ship ?

Does you know better ??????

[hvs] 24/7/2015 14:53

FD did right to get out.

lol !!!!

lol !!!!!!!!

Did he do right ?

LOAD it with DEBT and then JUMP SHIP. Did he get a FAT BONUS and GOLDEN GOODBYE ????

lol !!!!!!

[meijiman] 24/7/2015 14:50

This has been steered onto the rocks. Perhaps the Chairman needs to return to get the ship back on the right course. This is proving to be the same old Fenner as 10/20 years ago. Gets completely hammered on the mining cycle -no matter what they say or do. FD did right to get out.

[ali47fish] 24/7/2015 14:37

but now neptune investment are adding! do they know something we dont'

[shaggies_view] 23/7/2015 17:27

Not sure why CR gets blamed - chart clearly showed what was happening.

Shaggy

[alphahunter] 23/7/2015 15:21

Yes, there is one: Motley Fool.

[nigelmoat] 23/7/2015 15:16

With shares at a 5 year low this has to be an attractive buy out target? American interest?

[anony mous] 23/7/2015 13:26

Another big cr flopRamp and dump.Lol

[alphahunter] 23/7/2015 08:16

Kept the position as it is as the story hasn't materially changed since 3rd July I feel. I use the non-adjusted earnings given that "rightsizing" is here to stay for the next couple years.

[lauders] 23/7/2015 08:01

Fenner

Industrial belt and hose specialist Fenner counts many of the world’s biggest oil and mining firms among its customer base. Unfortunately they aren’t buying as much as they used to. In a trading update this morning, Fenner said that demand for hoses used in hydraulic fracturing (fracking) “has remained at very low levels”.

Fenner said that full year Group earnings are now likely to be “slightly below previous management expectations”. Interestingly, Fenner shares didn’t fall when markets opened. In fact, they rose slightly.

I can see two reasons for this. Firstly, the firm’s industrial and medical businesses are performing well, thanks to strong demand and new contracts.

Secondly, I believe today’s bad news is already reflected in Fenner’s share price. With a prospective yield of 6.5%, which current forecasts suggest will be maintained this year, the shares also offer a generous income and remain a medium-term buy, for me.



Not always agree with TMF but above sounds about right to me!

[dlku] 22/7/2015 14:41

another downgrade today

[lauders] 22/7/2015 13:38

Just needs a few tipsters to note them for recovery potential and dividend yield and these may be the lows here SteMiS. Certainly hope so. ONly have a relatively small holding here at the moment though.

[stemis] 22/7/2015 11:30

It didn't seem a bad update to me. Slightly down is what, 5%? Current forecasts for 2015 are EPS of ~16p, putting it on a P/E of 11.5. Dividend held at 12p giving a yield of 6.5% covered 1.3 times. I'd interpret the comments on debt to be largely positive.

[No position]

[lauders] 22/7/2015 09:58

Worst priced in? Not a bad reaction to the update.

[lauders] 18/7/2015 03:06

Next week is trading update time according to the website:

Third Quarter Trading Update 22/07/2015

That is followed by the ex-dividend date:

Interim Ex-div 30/07/2015

Let's hope that the news is good enough to want people to re-invest the eventual dividend received in FENR!

Fingers crossed.

[meijiman] 13/7/2015 21:19

He sits in his office staring sadly out of the window at the dark clouds wondering why on earth he got into this mess.The previous FD is lying on the beach drinking a cold beer chuckling to himself.