Fenner Share Discussion Threads

[davr0s] 20/12/2017 08:10

So we've acquired a new CEO whose just left his last company with a profit warning and a 20% share price drop. Opening market doesn't look that impressed - sure they could have managed the timing of the announcement better. Hope he does a better job here

[thorpematt] 20/12/2017 08:08

Interesting appointment i suppose.

[lauders] 20/12/2017 00:46

Thanks for that info bus_ter! Did not realize TNT had taken an interest. That is good in that he has quite a following I believe and it hopefully bodes well. I still think the next trading update or results from FENR will be positive and continue the momentum here. Here's looking forward to a good/great year for FENR.

AGM = 11th January

[bus_ter] 19/12/2017 19:27

The Naked Trader recently picked this stock as a strong buy. Looks great on paper so I'm in. Hopefully it will continue to impress.

[ashehzi] 18/12/2017 16:17

What a less noisy decent stock with a good year.

[ashehzi] 28/11/2017 09:40

Small-cap stocks eligible for entry into the mid-cap index were ... engineering equipment provider Fenner .

[turbocharge] 23/11/2017 01:31

Thanks for that Lauders. I think I'll be keeping a close eye on this one for the time being.

[lauders] 23/11/2017 01:05

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.

[1fox1] 22/11/2017 11:55

Sold out this morning chaps at 402p bought in twice at 226p and 306p. Great return plus the divis too. Fenner has been very kind to me. Good luck all holders. Think it will have a bit further to go yet. Always leave a bit for others is my motto.

[turbocharge] 22/11/2017 11:28

Finally! All 5 Intermediate-Term chart signals since 29 Nov 2017 are Bullish. Long-Term target of 420 does not seem so long term now.

[wynmck] 22/11/2017 10:13

through £4...

[lauders] 22/11/2017 00:55

Well done for getting to break-even TC. Hope you will be in profit soon. I bought many years ago too. Watched it drop to the 100p area and then enjoyed it climb back up and past my buy point. I should have bought more as it dropped in hindsight but didn't! Ah well, I can't complain too much as I am now around 50% up and I am sure there is a lot more to come. Had a few dividends too along the way although when I started the yield was good and that is why I invested mainly. Then they cut the dividend the price dropped even more. Now the dividend is gaining strength again too. I might reconsider when I am 100% up ;-)

[turbocharge] 21/11/2017 16:18

I bought many years ago, and now reaching break-even as it edges towards the £4 mark!

[ashehzi] 21/11/2017 15:30

I added fenner to my list two weeks ago and so far happy to keep it long term.

[turbocharge] 20/11/2017 13:16

17 Nov 2017
Bullish Short-Term Commodity Channel Index and Momentum signals
Bullish Itermediate-Term MACD signal

24 Aug 2017 31 Oct 2017
Bullish Long-Term signals indicating a price target of 420-440...

[wynmck] 20/11/2017 08:39

Citigroup Buy...ups tgt to 425p(400)

[lauders] 16/11/2017 01:50

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.

[woodcutter] 15/11/2017 11:41

pennant forming on the daliy chart just needs a push now and it'll breakout

wc

[lauders] 15/11/2017 11:16

If we remain at this level or go higher by the close it will be a 3.5 year or so high. With such a good set of results today we will hopefully be back on the way to the 480p levels reached in 2011 and again in 2014 by the look of the chart. May even breach 500p for the 1st time ever! Go FENR ;-)

[turbocharge] 15/11/2017 09:54

400+ now in sight

[woodcutter] 15/11/2017 09:16

i would guess that eps next year would be over 21p which puts it on a lower per than the last few years at the current share price got to be further upside from here. chart hitting resistance so a breakout and we're away

woody

[thorpematt] 15/11/2017 09:05

Nice results.

As well as the lowly valuation, the chart looking in breakout mode too.

[meijiman] 15/11/2017 09:04

Yes Fenner is very understated so this level of enthusiasm is well founded optimism about the future prospects. The dividend rise should also be seen in this context IMHO.

[woodcutter] 15/11/2017 08:56

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