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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fenner | FENR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 609.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 609.00 |
| Top Posts |
|---|
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 16/11/2017 01:50 by lauders TMF but still worth a read:Of course, we live in a politically and economically uncertain world, but I’m encouraged by Fenner’s progress and delighted that the directors now expect next year’s trading to come in “above its previous expectations,” a phrase that’s music to the ears of investors far and wide. At a share price near 364p, Fenner trades on a forward price-to-earnings (P/E) ratio of almost 19 for the current trading year to August 2018, not cheap, but fair for a company performing so well. I think the firm is well worth your further research and the stock could make for a more comfortable hold than, for example, Fevertree Drinks (LSE: FEVR), which has a stratospheric valuation. |
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.................. woody |
Posted at 13/11/2017 16:18 by paleje Pretty positive article for Fenner in yesterdays ST:-Trump’s love for coal lifts Fenner John Collingridge November 12 2017, 12:01am, The Sunday Times The demise of King Coal has not been kind to Fenner, the East Yorkshire maker of conveyor belts. The fuel that powered the Industrial Revolution — and helped Fenner grow from its humble beginnings in Hull in 1861 — is going out of fashion fast. Governments from Westminster to Beijing are attempting to clean up their power generation with curbs on coal. The commodity price crash of 2014 left the engineer on the ropes, as plunging demand for minerals and oil and gas slashed demand for its belts, spare parts and hydraulic seals. Fenner hit its lowest ebb in early 2016, after a string of profit warnings that left its shares trading at just 98.5p and forced deep cost-cutting. Investors who had the guts to plunge in then are sitting pretty. Its shares have more than tripled in value, and now stand at 335p, valuing it at £650m. Swiss activist investor and 6% shareholder Teleios has been a beneficiary, and now has a seat on its board. Donald Trump’s love affair with coal has helped propel its shares north, as has the recovery in the oil price and America’s growing rig count. Saudi Arabia’s recent political purge has given the oil price another shot of adrenaline, which should feed through to Fenner’s order books. This week’s full-year results should show more momentum, as well as another hike to its dividend. Cost cuts have created a business that ought to generate significant cash when orders start to flow. Analysts are factoring in a total payout of 4.2p per share, up from 3p last year, but if free cashflow improves further and debt continues to fall, there could be more scope for dividend growth. Fenner is not just about conveyor belts. Its widgets division covers a broad spread of industries. They range from the seals used in liquid natural gas production, to parts used in keyhole surgery. While sales there have been falling, profits and margins are in the ascendency. Fenner is on the hunt for acquisitions, something unthinkable just a few years ago. The company has been a perennial on the stock market since its float in 1937. Its 62-year-old chief executive Mark Abrahams is not quite of the same vintage, but has served an impressive stint on its board, since joining in 1990 as finance director. His plans to step aside have been complicated by the departure of his replacement, Nick Hobson, with illness. Fenner needs clarity on a replacement for its veteran boss, but its prospects are bright. Buy. |
Posted at 13/3/2017 16:09 by wynmck was reply from investor relations to email enquiry |
Posted at 01/3/2017 21:03 by thorpematt Not a sell on any level at this juncture IMO. All the momentum is on the buy side.Cannot advise as regards portfolios and strategies of others because that's an idividual choice/ set of rules but generally speaking this is a winner that you run. Ben Graham used to sell half his holdings once they doubled...but he was a value investor purely so there was some sense in that. Cyclicals such as these really don't follow valuation methodology. Momentum is where it's at here (IMO, DYOR and all that). |
Posted at 01/3/2016 01:30 by lauders 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). |
Posted at 21/1/2016 16:32 by roddiemac2 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. |
Posted at 22/10/2015 11:55 by cockerhoop Sterling Strategic ValueInvestment Philosophy Sterling was founded in 1999 under the guidance of Dr. Tito Tettamanti, a Swiss investor and entrepreneur. It invests in the listed equity of small and mid-cap companies quoted on the major European exchanges. Sterling seeks to enhance the value of companies through, where appropriate, an engaged and supportive approach that aligns shareholder and management interests. Sterling's rigorous investment criteria and ownership approach means that it holds only a small number of disclosed strategic investments at any one time. It adopts a cautious stance and is willing to remain highly liquid in the absence of genuine value opportunities. In addition, Sterling avoids currency risk and operates without leverage. |
Posted at 26/9/2015 20:46 by bugle4 Fenner plc (LON:FENR)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 200 ($3.11) price target on the stock. Jefferies Group’s price target suggests a potential upside of 20.85% from the company’s previous close. |
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