Fenner Share Discussion Threads

[loganair] 09/12/2014 10:53

Fenner plc has had its price target decreased by FinnCap from 290p to 210p in a research report released this morning.

[hvs] 07/12/2014 17:50

It dont look good.

Rights issue coming.

[mazarin] 07/12/2014 17:24

Closed Friday at 233.5p after another week of falls

[hvs] 06/12/2014 10:15

Think its too early to buy.

Big debts and results will be DIRE

[bigbertie] 05/12/2014 13:23

Can there be more bad news? Weakness in its main market, adverse currency effect, about to leave FTSE250,...... but it could bounce back sometime, as conveyor systems wear out and some economies return to growth. IMHO. I have been out of them for some time but have just bought back a small holding. Fingers crossed

[mazarin] 04/12/2014 09:37

Today's announcement is the inevitable consequence of this year's decline in 'sp' and now results in Fenner having to leave FTSE 250, despite a flurry of PDMR buys presumably designed to raise market confidence earlier this month. The relegation takes place after the close of business on 19 December 2014 and becomes effective on 22 December 14.

[cockneyrebel] 02/12/2014 18:53

Yep, was quite bullish on these until commodities really started tanking. Copper's down to 5 yr lows nearly. Iron ore is weak too.

Hard to see miners increasing production as commodity prices fall to where it starts getting non-viable in places to extract.

The chart here and commodity prices will tell you when to buy imo.

All imo/dyor etc.

CR

[wipo1] 02/12/2014 18:48

I thought you were bullish a few months ago after director buy CR?I feel a bit daft saying fully valued then I should have been short. Ironically this is the first time I have looked in months.

[cockneyrebel] 02/12/2014 16:55

200p is the chart support here - no need to even look at these till that level gets hit - especially the way commodities are tanking.

All imo/dyor etc

CR

[salpara111] 28/11/2014 09:10

Well the market cap today would see them relegated into the small cap index next week when the review is done.

[brambuz80] 28/11/2014 08:23

Why the drop here today?

[mazarin] 21/11/2014 17:21

Closed today at 260.3p up 3.3%. Richard Beddard commented earlier today on FENR's recent weakness:

[alphahunter] 20/11/2014 12:26

Germans considering pulling out of coal power generation? You must be kidding!
Anyway, I need to recycle this short position and a quick look at the scandi peers might give me some opportunities.

[bigbertie] 20/11/2014 11:02

hvs, well predicted - the graph looks so awful I could imagine 200p now, but anything can happen......

edit - it will probably put up a fight at 250 for a while

[hvs] 17/11/2014 11:34

I said £ 2.50 and here it comes.

Thinks with very very poor profits RIGHTS ISSUE could be looming.

[bigbertie] 17/11/2014 11:22

267p! I was about to buy back in but this is real falling-knife stuff!

[mazarin] 13/11/2014 17:00

Closed at today at 293.8p up 1.8%

[esteban1] 13/11/2014 08:25

Hmmmmmmm, how much good news does Mr market need...?

Oops, wrong thread....This was meant for lam......However, still a nice tick up☺

[alphahunter] 12/11/2014 23:23

For future reference:

12-Nov-14 Citigroup Buy 297.80p 410.00p 350.00p Reiteration
11-Nov-14 Credit Suisse Neutral 286.90p 405.00p 640.00p DownGrade
11-Nov-14 Numis Securities Hold 286.90p 340.00p 340.00p Reiteration
11-Nov-14 N 1 Singer Hold 286.90p 337.00p 337.00p Reiteration
11-Nov-14 Investec Securities Sell 286.90p 270.00p 260.00p Reiteration
11-Nov-14 FinnCap Hold 286.90p 315.00p 290.00p Reiteration
11-Nov-14 Canaccord Genuity Buy 286.90p 400.00p 400.00p Reiteration

[mazarin] 12/11/2014 19:11

Opened at 286p and closed at 290.1p so a good start today and a promising path to recovery.

[alphahunter] 12/11/2014 14:00

The Germans bought the belt business for 1.0x sales - similar margins. Their purchase price included a control premium - which is not available to minority shareholders in a listed company, unless well, there is a bid of course.

How much is AEP worth? Don't know but they are in an investment-phase which means contracting margins in the next 12-24 months. Incidentally having AEP may mean that FENR is trading as a holding co, at a discount to its sum-of-the-part value.


I bet that the words "takeover/bid target" will pop in very soon on the forum - may be with the magic letters "GE" to give credibility to the author in order to prop up the share price.

GLA

[esteban1] 12/11/2014 12:57

It's still a better bet than CAR........

[meijiman] 12/11/2014 11:28

The ceo would not buy unless he had confidence. Just finished reading a surprisingly bullish article on mining supply company forecast sales. Iron ore and coal prices may be rock bottom but there is some decent business out there.
What is AEP worth as a stand-alone business I wonder?