Fenner Share Discussion Threads

[brownr0] 18/5/2015 19:13

I'm gona say down...if you no what I mean shaws ;)

[shaws67] 18/5/2015 17:51

Some big trades showing up, unsure if sells or buys ?


Up to 300p or down to 2009 lows?



free stock charts from uk.advfn.com

[shaws67] 18/5/2015 15:31

I think we could still close a colour, but not red ;)

[brownr0] 18/5/2015 15:26

Well that went better than I expected!

[dlku] 18/5/2015 14:59

wants to go under 200p

[brownr0] 18/5/2015 14:45

Does someone now need to say....Could close red!? See how that goes :)

[shaws67] 18/5/2015 14:42

Tell me about it, lol.I'm going to stand on the naughty step now :)

[hmrc inspector] 18/5/2015 14:39

"Could close blue"

A classic jinx statement :-)

[shaws67] 18/5/2015 14:28

Hmmm, maybe not.

[shaws67] 18/5/2015 13:52

Could close blue

[hmrc inspector] 18/5/2015 13:44

I did the same Jitters3, so here's hoping!!

[jitters3] 18/5/2015 13:26

Bought some on the dip at 217p lets hope i,ve timed it right

[jbarker5555] 18/5/2015 12:32

Think it could do with holding 2.20 or we could see it dip back to 2.00 IMO :)

[scapital] 18/5/2015 12:26

Been watching for a few weeks, in now at 218.

[shaws67] 18/5/2015 12:01

I've just looked at trades from this morning, o trades buying at 224. Knowing how volatile this share is, it could easily fly back up the intra day high.

[jbarker5555] 18/5/2015 11:58

In at 2.16, watch it plummet!! :)

[humpo2] 18/5/2015 11:42

Well I timed that badly this morning in at 220p. Treeshake time

[cockneyrebel] 18/5/2015 07:51

Definite change in chart here and turning positive imo:


free stock charts from uk.advfn.com

[cockneyrebel] 17/5/2015 15:18

Share move well before the new imo, usually 6 months or so before. Look at copper firming, stocks like VED double bottoming and rising after results that were dreadful - all the bad news is in the sector I suspect.

Look at FOXT since the start of the year - there has been nothing but bad news for London property until the election but FOXT bottomed in Nov - 6 months ago.

My bet is before the end of the year the mining sector as a whole is showing tangible signs of a pick up and the sector will rally ahead of then, and the recent lows are the bottom in for many miners and related stocks, imo

CR

[meijiman] 17/5/2015 13:38

There is the basis of a re-rating based on AES-medical in particular.There is some oil related as well-though maybe over the worst now. Overall I feel happier holding these than for some months. On the other hand wish I'd sold the lot at 480p plus-oh well live and learn!In ECS there is certainly going to be one more industry consolidation. Not sure if Fenner prey or predator.

[lauders] 17/5/2015 11:45

I was wondering whether there was any thoughts along those lines meijiman, however if they were perhaps they started recently as doubt there was much need to discuss before. The latest report states the AEP is the dominant force on the earnings now, so hence I think thing may be turning!

[meijiman] 17/5/2015 09:27

Good post. However earnings are dominated by ECS which is most dependent on coal and iron ore. The main drivers here are capital budgets of the mining companies.Fenner has claimed that the replacement belt market is becoming bigger but any downturn in mining always hits their profits which suggests margins are much higher on new capital projects.As you say AEP is doing well, but the only way to liberate the full value would be to go for a separate listing by floating it off. Wonder if that's ever been discussed at the Fenner Board?

[lauders] 17/5/2015 02:57

Well I hope I timed my small purchase well here. In at 221p (inc costs) and hoping that things have improved for FENR since these words were stated in the half year report:

Outlook and dividend

AEP's industrial, medical and other non-oil speciality polymer businesses, which account for some 70 per cent of AEP's revenue, are expected to continue to perform well. The financial results for the second half of the year will also benefit from the acquisition of Charter Medical which took place towards the end of the first half of the year.

The remainder of AEP is seeing an impact from lower levels of activity in the oil & gas industry as a result of sharply reduced oil and gas prices. Order intake started to decline in February; the timing and extent of the decline are within the range of our planning assumptions.

ECS expects to see a continuation of the difficult trading conditions across all of its regions which is being taken into account in managing the division's cost base. In the USA, the outlook for coal prices and consumption appears to have weakened whilst in Australia, lower demand for belting products and services is expected to exacerbate the impact of continuing pricing pressure. In EMEA, any recovery in Europe is expected to be slow, and newer mining markets are expected to remain under pressure.

In response to the trading conditions being faced, cash overheads across the Group have been reduced by an annualised £9m with effect from the start of the second half of the year. The Group will continue to closely manage all aspects of its costs and cash flow and has recently announced that it will begin a process of consultation about a significant retrenchment at the ECS operation in the UK, which currently employs 127 people.

By the end of the financial year, the major capital expenditure projects in AEP are expected to be substantially complete. Going forwards, the Group can comfortably maintain capital expenditure below the level of the depreciation charge whilst still investing in the future growth of AEP.

Taking into account the management actions we are taking in response to the trading conditions, the Board's expectations for the outcome for the year remain substantially unchanged overall.

An unchanged interim dividend of 4.0p per share has been declared, which will be paid on 7 September 2015 to shareholders on the register on 31 July 2015.

If the improving environment for oil is reflected in the business here then we may quickly return to some of the previous director buy levels of 250p+.

I like the acquisition too. Medical businesses are always good revenue generators depending on product and need. FENR has a few so many avenues & sources of income.

The products Charter Medical sell look like they are needed to me:

On the same path Secant Medical also looks like a winner with its bioresorbable Regenerez® technology as discussed here:



This older article shows the potential market for such materials too (interesting facts in the 1st paragraph):

Likewise Xeridiem sells everyday products needed by the medical community ( ). Like the positive report here for instance:

So as well as the other businesses I like FENR solely for the medical side and hope that progress made in future will be reflected in the share price.

Thanks to CR for highlighting FENR on his board and consistently mentioning them. Thought they were worth a further look based on his constant "belief" in a re-rating here :-)

[shaws67] 16/5/2015 14:43

I honestly believe once there is enough volume to pop 222-223 resistance, it will be a sharp fast climb to circa 250p.

That's not to say it wont come back for a test of 222/223.....but who knows, that's the excitement of it, trying to read the next move as after all, it's human sentiment that's running it & programming the bots :)