Fenner Share Discussion Threads

[valhamos] 01/3/2016 15:58

"FENR has written down large amount of goodwill since, e.g the expected returns generated by their acquisitions have been lowered permanently."

Goodwill will have been impaired because expected returns are lower than previously assumed. There is nothing inherently permanent about such lowered expectations.

[alphahunter] 01/3/2016 10:11

How could it ever ever back to 400p?
FENR has written down large amount of goodwill since, e.g the expected returns generated by their acquisitions have been lowered permanently.

a) Anyway, Fenner flies on the stock market, as miners fly.

b) Miners fly as their cut capex and opex - among other things - to preserve cash (also possibility they insource back some maintenance & outsourced services)

c) Fenner sells into miners' capex and opex, and aims to resposition itself as a [one-stop(?)] service co.

Discuss the causal interactions between a), b) and c)

[lauders] 01/3/2016 01:30

400p will indeed take a while meijiman! Will be happy just to pass through 200-250p and collect the dividends as we wait. Hopefully that will remain safe and the yield will attract some new investors too? Good end to the day. With GLEN reporting in a few hours the trend may continue if anything positive comes out of GLEN (disclosure: I have a holding in GLEN too from around 126p).

[meijiman] 29/2/2016 13:37

Let's hope so. Be nice to see these back over 400p. might take a while though.

[lauders] 29/2/2016 12:40

They may learn something though and things may change? In the meantime there may be an opportunity to make money from the rising trend here. Too many "mays" but there you are!

[meijiman] 29/2/2016 11:35

Can't see it though with all that exposure to coal. Belts need replacing but if profits are so low then companies might hold off from buying new belts.This company never changes. Shares go up with the commodity cycle-the company then puffs away about the higher quality earnings. Sure enough the commodity cycle turns down and the profits collapse and the share price tanks.

[meijiman] 29/2/2016 11:33

Can't see it though with all that exposure to coal. Belts need replacing but if profits are so low then companies might hold off from buying new belts.This company never changes. Shares go up with the commodity cycle-the company then puffs away about the higher quality earnings. Sure enough the commodity cycle turns down and the profits collapse and the share price tanks.

[lauders] 29/2/2016 11:22

The popularity of commodities at present is have a positive effect here. Let it continue. Now if FENR can come up with a positive RNS anytime soon they can capitalize on this bullishness too!

[lauders] 17/2/2016 01:04

The Anglo American influence? Looks like we may have found the bottom here. I sincerely hope so anyway!

[lauders] 13/2/2016 08:27

Interesting day! Hope it continues!

[bouleversee] 10/2/2016 23:53

OK, Roddiemac, thank you. (Thinks: when does one ever NEED a stock?)

[roddiemac2] 10/2/2016 22:12

bouleversee,

I am biding my time with a number of stocks, on the basis that I don`t need any of them .I will let you know what I think once I have had a good look at FENR.

[bouleversee] 05/2/2016 13:59

roddiemac -

Thanks for your comment, which I am afraid I have only just seen. Life gets more difficult as my husband's condition declines and I have little time for following all this. Also my own memory gets worse.

So is this the start of a recovery? (There's a heck of a long way to go.) Or just a temporary spike? My worry about Fenner is that coal is in decline and whether they have sufficient new initiatives to compensate. I seem to remember that they did have a new string to their bow but need to remind myself what it was and see how it is going.

Is your finger itching to press the buy button yet or still biding your time?

[meijiman] 05/2/2016 08:18

Poorly managed company. Every time the mining cycle tanks this goes down more. When the upturn comes they spend the next four years saying this time its going to be different, because belting is mainly replacement and therefore a consumable, plus growing earnings from the other business. Trouble is it never comes through in the numbers which basically collapse.

[lauders] 05/2/2016 01:29

Let the recovery begin! If this isn't just a short-term resources spike FENR may do quite well from here onwards. Here's hoping!

[roddiemac2] 21/1/2016 16:32

bouleversee,

I hope you are well. I am putting FENR on my watch list. Historically , I have been a long term investor, but my age is beginning to count against that.

I started buying the shares around the current price in Nov 2001, and sold them all by March 2007. they briefly hit about 28p.in March 2009, and I picked up some at 43p. I sold these several months later for a good profit , but ,with hindsight , it would have paid me to hold . They subsequently made around 400p , (from memory). If past experience is anything to go by, the shares could lose more in adverse stock market conditions .I will bide my time.

[alphahunter] 21/1/2016 09:58

The med tec arm gets rerated down now.
Balance sheet and all that.

One of my best short all the way from....
Remember a spat with a poster called Bluebell at around 380p-400p, suggesting that shorters didn't read annual reports & that 85% of coal biz was retrofit/maintenance, hence safe.

Openened a short position on Sandvik a few weeks back, to diversify away from mining to more general basic material / heavy industrial capex.

Titan International (tyres and wheels for miners, ag, construction) heading for Chapter 11? Sadly no short position here.

[pugugly] 20/1/2016 15:21

I am now calling sub 100 at 111p on falls in IO and Coal plus all other mining that uses belt. (imo but dyor etc)

Just a marker for my own personal use -!!!

[rubberbullets] 14/1/2016 12:31

50p tatfet

[pugugly] 13/1/2016 07:45

I though a very honest and open trading update

BUT no relief (imo) for those holding and no incentive to invest at the moment.

Management appear to have taken (and are taking) appropriate measures to keep the company solvent - reading between the lines dividend suspension should be considered.

[ayl30] 13/1/2016 07:05

Profit warning, only to be expected I suppose given customer profile

[gswredland] 11/12/2015 21:34

Yep waiting on the sidelines