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FSH FishWorks

1.625
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
FishWorks Investors - FSH

FishWorks Investors - FSH

Share Name Share Symbol Market Stock Type
FishWorks FSH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.625 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.625 1.625
more quote information »

Top Investor Posts

Top Posts
Posted at 07/1/2009 07:39 by isis
Looks like they've had their Chips and Battered investors have been done like a Kipper. ;-))
Posted at 23/10/2008 12:16 by whiterussians
Doubtless investors will feel like they have been rogered with a fishfork
Posted at 13/2/2007 10:51 by longshanks
Presumably the banks all said "No" so the new investors are taking on some risk as well...

However I think the company should be making the same offer to existing shareholders as well - this dilution seems rather at our expense rather than a value adding exercise.

But desperate times etc etc. It seems that there was only one exit available for Mr Tonks.
Posted at 31/1/2007 17:20 by tiredoldbroker
Wiganer, re your post no.19 above, I think that you and I both put some thought into the investments we make or don't make, but we shouldn't be surprised if from time to time we come to different conclusions about a stock - and if we both have quite firmly held views, we may disagree quite loudly at times. But it doesn't mean that we can't respect each other as serious investors with something worth saying. I'm always interested in reading your ideas, even on stocks I don't want to buy !

As I live in southwest London, I'm looking primarily at Battersea and maybe Richmond but I know the Islington branch - quite near there on Upper St I'm friendly with the owners of Ottolenghi, which is a good place for lunch, followed by a browse in the bookshop overlooking Islington Green.
Posted at 03/12/2006 21:13 by longshanks
I would like to see some audited accounts because currently the preliminary results issued in October aren't worth toffy and until I see them I am suspending judgement.

The signs are there that they want to fight a decline in investor confidence rather than allow it to drift - and this inspires me to be more charitable than you.

If the audited results show that the business is operating profitably I will definitely hold - as that is what I look for in a brand like this.

Most of the trades on Friday were "X" trades with the rest fairly evenly spread between buyers and sellers. I think you may be acting a tad disingenuously dodddy in your race to make money from your short position.
Posted at 22/11/2006 10:48 by offshore eye
FSH was always going to be a dog. No long term legs. I am sorry for investors as I cant see this going anywhere but down the tubes. I always notice as I pass by Fish Works in Turnham Green just how expensive the place is AND EMPTY!
Posted at 16/12/2002 21:09 by itsourpete
Jimmy

Nadolig Llawen!

Nice to hear from you.

I've got to say that I'm not really that tempted by your tips! Having said that, by sheer coincidence, a friend of mine revealed the other day that he has been a long term investor in Dragon Oil! I nearly choked on my Haut-Medoc!

I'm still a bit exposed to equities but only in the form of SHRS (Investment Trust yielding, wait for it, 9%+ and BUT (another Investment Trust, waiting for the upside).

I'm mostly now exposed to property in the North West where, thankfully, the 'boom' appears to be continuing and yields are, well, OK (better than FSH anyway!).

Have just returned from one of those coach holidays I always promised myself that .............I'd NEVER go on! But I did it! A cold, wet weekend in Oostend. A rather bland seaside fish port (not unlike Fraserburgh - right - that's my last mention of FSH!) but with a delightful 'promenade' of seafood restaurants serving the most exquisite freshly prepared catches from the North Sea, washed down with a vintage St Emillion. Bliss! AND, brought back copious quantities of vin rouge from all parts of the world (via 'Auchen' and 'Pidou' in Calais).

Hope you and the family are keeping well and that your business continues to prosper.

Have a great Christmas and don't over-indulge.

Just indulge!

Bleuddyn Newydd Dda i chi i gyd.

Pete
Posted at 12/12/2002 08:44 by dexdringle
Jax

Remember this :

"jaxaxe - 25 Jun'01 - 21:04 - Laxey Investors ltd today purchased 1.805million shares in Scoot . com. The share price is expected to move northwards as the news filtres through"

It's suddenly dawned on me - you lost money on Scoot !!! And for some bizzare reason you've decided to persecute me as though it's somehow my fault. Fine. I'll be looking out for your contributions to any thread from now on. And maybe looking back at old threads to see just how good you are........

Dex
Posted at 19/4/2002 07:40 by itsourpete
Hyper Al

You could well be right! I mean, how would the likes of Jupiter, Fidelity et al write out their Annual Report? How would it sound to their investors if they report that they SOLD shares at a 95%??? loss? Bad investment decision. Or, is it more politic to report that the company failed (thus shifting the buck). This may well be going through their mind, BUT, it batters their PERFORMANCE even further if they do hang on and the Company fails - and this will be noticed by prospective investors who would simply go elsewhere to invest.

So, I believe they may well already have had the 'warning shots' visits from the Directors PRIOR to the 28 March announcements, and, knowing what is to come, are riding the storm.
Posted at 09/1/2002 12:02 by steddieddie
SKYSHIP...there are 720M shares in issue so FSH is a marvellously tradeable share with a usual NMS online of 50000 and not much problem dealing in significantly more than that via the market. As such, I reckon every man and his dog have had a few FSH at one time or another, they were once a FTSE 100 company after all!

Like you say, it's hard to see why any institutions would be looking for the exit at this point though Jupiter, the major shareholder, having stuck with it during worse times, reduced by about 2.5% just before the interims at prices probably lower than today. So figure that one out! However, there has been no evidence of either Director or institutional trading since then.

As for us private investors, many of us regulars have been FSH investors for several years, since the heady days of when the then CEO refused an offer of around 45p, thought to be from a US buyer. Tragic, but the rest is history.

Many of us long-termers, kept an eye on FSH and bought quite heavily at 5p and below, believing that FSH was going to survive, turn the corner and deliver us some rewards. Many other bargain hunters probably filled their boots too, with good reason - on any P/E valuation FSH was and still is very very good value (if you're a believer, of course).

Anyway, it was relatively easy to accumulate several hundred thousand at an average of 4-5p so many private investors, including myself, speak for a large number of shares. Many of us have no intention of selling until FSH reaches a fairer valuation, and we are prepared to wait 2-3 years if necessary. Equally, there will be many who will take a profit at whatever point suits them. Nothing wrong with that. Having been able to buy at around 3.75p in mid-Oct, there is plenty profit for any buyer of that time and also for those who bought during the significant periods since when FSH was trading under 4p.

In summary, the shares are easily tradeable and there are shed loads in the hands of private investors who, as with all shares, will sell and buy at all sorts of times for all sorts of reasons. Many have some to trade and some to keep. So, personally, I don't see the supply "drying up" until a real demand arises once FSH convinces institutions that it's firmly on track again or some other event materialises. That isn't to say that I can't see the shares moving higher in the meantime. MMs are strange beings and FSH has already moved strongly ahead from its lows without any obvious shortage of stock.

FSH remains on a very low forward P/E and, for me, all the banana skins are still in the price, it has to do nothing exceptional to justify a price nearer 10-12p on a normal valuation basis - and that's right now! FSH's problem is that it has disappointed far too many investors, far too often on the road to nowhere and needs to convince the doubters that it can deliver the goods.

The interims are likely to be poor but management reckon they can produce EPS of 1.2p by the full year and analysts forecast 1.8p in 2002/03. If the evidence of recovery does indeed arrive in Oct, an 18p target would seem to be undemanding at that time, with perhaps 24p a year later, again undemanding, being on a likely forward P/E of only 10 or so.

For me, this is a recovery story founded in a basic commodity that everyone needs. The worst is over, FSH is now in no danger of collapse and the corner has been turned. We need proof, debt needs to be reduced and a token dividend (at least) needs to be restored. It may take time but IMO nothing can stop the return to significantly better value from these levels, because quite plainly, on a forward P/E of only 3.33, the market is selling FSH on a Buy One Get One Free basis. There's plenty here for those who can wait because either FSH will do it or someone else will do it for them.

Sorry about my own version of War & Peace, especially to those who have read it all before, but I hope it helps. Goodnight.

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