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FENR Fenner

609.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fenner LSE:FENR London Ordinary Share GB0003345054 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 609.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
609.00 609.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 609.00 GBX

Fenner (FENR) Latest News

Real-Time news about Fenner (London Stock Exchange): 0 recent articles

Fenner (FENR) Discussions and Chat

Fenner (FENR) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Fenner (FENR) Top Chat Posts

Top Posts
Posted at 16/6/2018 11:19 by lauders
Mine now paid into the account too. Will miss FENR as well.
Posted at 15/6/2018 08:26 by lauders
You are correct, it is 14th! My memory is awful:

A Scheme Shareholder on the register of members of Fenner at the Scheme Record Time, being 6.00 p.m. on 29 May 2018, is entitled to receive 610 pence for each Scheme Share held. Settlement of the consideration to which any Scheme Shareholder is entitled will be effected by way of the despatch of cheques or the crediting of CREST accounts (for Shareholders holding Scheme Shares in certificated form and in uncertificated form respectively) as soon as practicable and in any event by no later than 14 June 2018.
Posted at 25/4/2018 08:59 by lauders
So those who hang on to the very end will receive this dividend on 18th May as well as the final cash sum per their holding when everything is finalized with th deal on 31st May:

The Board has declared an increased interim dividend of 2.1p per share (1H17: 1.4p). The interim dividend will be paid on 18 May 2018 to shareholders on the register on 4 May 2018.
Posted at 20/3/2018 11:44 by meijiman
If the approach had been from one of the other main players in belting then I would see the share price rising higher than 610p. As it is I can't see anyone wanting to take on Michelin..but who knows.Someone obviously feels its worth a punt north of 610p but not me.
Posted at 20/3/2018 09:59 by woodcutter
One of my largest holdings so very pleased. I was tempted to offload a few this morning when it hit 120pish but I haven't ruled out a competitive bid process. FENR has been improving it business efficiency over the last few reports and it may attract others, we'll see.

woody
Posted at 20/3/2018 00:23 by lauders
Also rather sad to see FENR move to foreign hands but as I was too considering to sell my position recently I am glad I stuck it out for a bit longer as I couldn't quite pull the trigger. The decision has been made for me now. I assume we will be looking at around end of May for funds to reach our accounts now?

-- It is expected that the Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and General Meeting, together with the Forms of Proxy, will be posted to Fenner Shareholders and (for information only) participants in the Fenner Share Schemes within 28 days of the publication of this announcement and that the Scheme will be effective before the end of the second quarter of 2018, subject to the satisfaction of all relevant conditions, including the Conditions set out in Appendix 1 to this announcement.
Posted at 19/3/2018 20:37 by thorpematt
A very good fit for Michelin.

A nice profit for shareholders (like others I topsliced some profits recently so around 2/3 my normal allocation for me).

A sign of the times and a worrying trend for UK plc as it were. The weak pound vs euro is really helping french companies to snap up some bargains.

I doubt a rival bid is in the offing. Without one, this deal is prety much done I suspect. Recommended by larger holders and BoD alike.

Founded in 1861 FENR has been a great invesment for me (in and out several times in the last decade) and I am somewhat sad to see it swallowed up.

I make it my business NOT to get emotional about stocks but in this case I may make an exception. Fenner was founded 2 years after the death of IK Brunel and its passing into foreign hands is rather a shame I feel. I will count my profits with a slightly heavy heart.
Posted at 20/12/2017 15:18 by lauders
I note that Low & Bonar haven't exactly taken the news well share price-wise! Thought with the track record being highlighted here today they would have gone the opposite way. Still I am sure FENR must have done "just a bit" of due diligence and have their reasons for offering him the position.
Posted at 23/11/2017 01:05 by lauders
Courtesy of Apad on the VLG BB:

As you can see, analysts are already predicting a fairly rosy outlook for profits. The shares are also quite highly valued on a one year forecast rolling PE of just over 18 times at 389p.

However, the operational gearing is so big with this company that it won't take much in the way of a trading improvement to feed through into more forecast upgrades. This could possibly lead to further share price upside in the short run.

The problem with operational gearing is that it works in both upwards and downwards direction. Given Fenner's still large exposure to commodity prices in both conveyor belting and AEP this would make me nervous owning the shares as a long-term investment at the current share price.

For me, the non-cyclical parts of AEP such as medical are not yet big enough to offset the big risk of getting badly burned when commodity cycles turn downwards. This leads me to view the shares as of more interest to traders than investors at the moment. This is a shame, as I think there is a lot to like about this company.

So more of a traders share than one for the long term investor is Phil's take. Just posting for interest as quite a lot of detail. You will have to make your own mind up about the future. It has already risen above the price at the time of writing the article.
Posted at 15/11/2017 08:56 by woodcutter
Absolutely fantastic results and i think despite the share price rise this morning investors haven't yet woken up to just how good they are and how much further the share price could go given that they expect to beat next years current forecasts.

FENR gross margin improved from 28% to 31%

revenue growth 14.5%

admin costs reduced by 25%

net debt reduced by 32%

dividend increased by 40%

pbt £38.1m ..........cash generated from oprations after wc £88.1m

retained earnings went from £159.2m to £216.4m

very strong performance if you ask me.......................sorry i appear to be ramping but they are very good results

woody
Fenner share price data is direct from the London Stock Exchange

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