Fenner Share Discussion Threads

[wynmck] 11/1/2018 09:04

brokers today
Numis reiterates Hold tgt 425
Peel Hunt re Buy ...and ups tgt to £5 from 425

[broadwood] 11/1/2018 08:59

Fenner expects operating income for the current financial year to be about its previous forecasts, according to update issued ahead of today's annual general meeting.

The group said it had a robust start to its financial year as it continued to transition from recovery to sustainable growth.

It said all businesses were performing well, with generally increasing order intakes and further benefits from on-going efficiency enhancements.

It said: 'The board envisages that, due to the recent increases in order intake in ECS, the consistent strength of AEP and the general strengthening of trading across the group, Fenner will achieve an operating outcome for the current financial year which is above its previous expectations.

'Looking beyond the current year, the group's strengthening market positions, an increasing expectation of the returns from its on-going investment in product development, the reduced US tax rate and the depth of expertise across the group's management team make the board increasingly confident about the future progress of the group.'

[thorpematt] 11/1/2018 08:08

Well it's this bit which will excite the market:

"The Board envisages that, due to the recent increases in order intake in ECS, the consistent strength of AEP and the general strengthening of trading across the Group, Fenner will achieve an operating outcome for the current financial year which is above its previous expectations."

Earnings will excede those of 2014 and yet the share price has not yet recoverd to those levels.

[wynmck] 11/1/2018 08:01

great open

[lauders] 11/1/2018 07:14

Looking very positive! New highs by close of business today or sell on the news? Should be the former but you never can tell!

[lyons909] 11/1/2018 07:14

Fantastic update this morning. All business units firing on all cylinders and a nice uplift from the US tax reforms.

[lauders] 11/1/2018 00:25

So FTSE 250 trackers will have to buy and if we have a good AGM today then things should look mighty positive for the future. Thanks for confirming the news Typo56!

[typo56] 10/1/2018 17:37

It's confirmed. FENR enters the FTSE250 on Monday (15th Jan).

[typo56] 10/1/2018 07:23

It's due to a vacancy created by the WPG takeover, not the quarterly review. Next quarterly review is 28 Feb.

[lyons909] 10/1/2018 04:38

Typo56 - Good point, just checked the rankings and its set to go in with Hansteen going out. Where did you find the deadline date for FTSE promotions/relegations? WOuld be good to know going forwards. Thanks!

[typo56] 09/1/2018 20:37

FENR might get promoted to the FTSE250 next week. Watch out for high volume at close on Friday.

[turbocharge] 05/1/2018 14:42

Any thoughts on what the update might hold...?

[lauders] 05/1/2018 01:29

Very nice move to new highs before the trading update. Surely must bode well, but who knows these days! Wishing all FENR holders the best for a brilliant RNS when it comes.

[wynmck] 04/1/2018 13:00

it's next thurs 11th

[mfhmfh] 04/1/2018 12:53

rising before possible trading update tomorrow?

[sooty snipes] 21/12/2017 11:04

I know a fella who had a self employed double glazing business in London. He was best mates with a CEO of a PLC that I won't mention. He had a degree in accountancy. Can you believe he was offered the role of CFO. He took the job as well.

[sooty snipes] 21/12/2017 10:59

Re the new CEO looks like he was likely to be sacked from L&B. Probably has mates in high places at Fenner. Amazing where a bit of brown nosing can get you.

[meijiman] 21/12/2017 09:39

Doesn't say much for Fenner that there was no internal candidate. So they have had to go outside and ended up with someone with a patchy record.

[ashehzi] 20/12/2017 21:51

Thanks for your analysis.

[lauders] 20/12/2017 15:18

I note that Low & Bonar haven't exactly taken the news well share price-wise! Thought with the track record being highlighted here today they would have gone the opposite way. Still I am sure FENR must have done "just a bit" of due diligence and have their reasons for offering him the position.

[ashehzi] 20/12/2017 15:15

that could be the reason that there is more volume today than avg volume on this stock. Looks like buy the dips isn't applicable.

[bend1pa] 20/12/2017 14:29

I'd be rather concerned about appointing Brett Simpson as CEO re his last (still current) company LWB.Two profit warnings there this year.

[ashehzi] 20/12/2017 10:04

I sold FENR earlier in 38x and was thinking to add it back. It is down and wondering if it is still good buy after Director appointment. I thought I lost the train again as I had to move money but wanted to add.

Does anyone has more insight here?

[mfhmfh] 20/12/2017 08:56

next phase of growth mentioned in today's statement.


Vanda Murray O.B.E., Chairman of Fenner, commented:


"We are delighted to welcome Brett to the Board of Fenner. With his industry background, track record and international experience he will bring deep strategic and commercial acumen and strong general management skills as we move Fenner into its next phase of growth."