Fenner Share Discussion Threads

[llwyd] 19/3/2018 22:15

My sentiment exactly Thorpematt, the loss of an old friend,been playing in and out over the years. Fortunately, was about to top slice before year end but, Michelin beat me to it!

[thorpematt] 19/3/2018 20:37

A very good fit for Michelin.

A nice profit for shareholders (like others I topsliced some profits recently so around 2/3 my normal allocation for me).

A sign of the times and a worrying trend for UK plc as it were. The weak pound vs euro is really helping french companies to snap up some bargains.

I doubt a rival bid is in the offing. Without one, this deal is prety much done I suspect. Recommended by larger holders and BoD alike.

Founded in 1861 FENR has been a great invesment for me (in and out several times in the last decade) and I am somewhat sad to see it swallowed up.

I make it my business NOT to get emotional about stocks but in this case I may make an exception. Fenner was founded 2 years after the death of IK Brunel and its passing into foreign hands is rather a shame I feel. I will count my profits with a slightly heavy heart.

[roddiemac2] 19/3/2018 19:41

It looks a done deal: an interesting fit for Michelin.

bouleversee, ---I hope you are still a holder.

[mfhmfh] 19/3/2018 18:46

Any chance of a rival bid?

[wynmck] 19/3/2018 17:53

hold a lot of shares so well chuffed...(regretting taking profits on part of s/bet this afternoon though...but can't be too greedy)
well done all holders!

[ashehzi] 19/3/2018 17:31

Congrats to those who still hold. I was early to sell.

[lauders] 18/3/2018 02:56

Not checked some of the other FENR companies for a while but newsflow seems encouraging on the medical side at Secant:

[broadwood] 05/3/2018 08:26

Fenner said it had bought the assets and business of US-based National Bearings Company, a small specialist manufacturer of custom engineered polymer and metal bearings, for an undisclosed sum.
Chief executive Mark Abrahams said the acquisition supported Fenner's strategy to grow its advanced engineered products division.

[mfhmfh] 22/2/2018 10:54

Jeffries reiterates buy rating and increases price target to 535p (previously 500p).

[thorpematt] 20/2/2018 19:32

Yes , nice recent oportnity for top ups and buy ins, chart looking perky once more.

[lauders] 20/2/2018 12:45

Looking a little better here recently after give back some of the gains. With good fortune we will head back over 500p sometime "soon".

[mfhmfh] 12/2/2018 10:43

Peel Hunt today retain 500p target price

[meijiman] 15/1/2018 16:15

I think Fenner is very professional so will have had a decent short list of people for the job. Acting ceo is a tough act to follow -they had a ceo in situ but he got ill.

[sirgainalot] 15/1/2018 15:51

meijiman15 Jan '18 - 14:47 - 1240 of 1240

It's tough to figure. Belting simply collapses in a mining downturn though they have obviously grown the other side pretty well. Hope this new ceo is up to the job as I have not been impressed with Low and Bonar.


Any more detail on Mr. Simpson? LWB seems to be stuck in a rut for a while now, trading sideways.

[meijiman] 15/1/2018 14:47

It's tough to figure. Belting simply collapses in a mining downturn though they have obviously grown the other side pretty well. Hope this new ceo is up to the job as I have not been impressed with Low and Bonar.

[roddiemac2] 15/1/2018 14:06

I sold on Friday, but may buy again. FENR has certainly been cyclical. How much has diversification changed the hitherto cyclical nature of what they do? I will delve further.

[meijiman] 15/1/2018 12:54

Yes you have to time it to perfection in these cyclical stocks.............

[mdbucky] 15/1/2018 10:03

Sold 90% of my holding this morning for £5.03.
Originally bought for 60p in 2009.
Missed selling in the 2012/2013 highs so didn't want to miss this one...
Very nice profit :-)

[typo56] 13/1/2018 20:45

As I pointed out a few days ago, the volume increase was partly due to the promotion to the FTSE250 index, which takes effect from Monday. That's why there was a large uncrossing trade at close yesterday (Friday) amounting to about 1.3% of the company. It was due to index funds adjusting theit holdings (e.g. SmallCap trackers selling, FTSE350 trackers buying).

[firtashia] 12/1/2018 21:46

Daily volume traded highest in 2 years today. Yesterday's wasn't bad either.

[lauders] 12/1/2018 13:01

Nice to see 500p go. Will we stay above? After all JPM say we should be going down to 415p or thereabouts. Got to love brokers!

[wynmck] 12/1/2018 09:22

brokers today
Citigroup retains Buy...ups tgt to 525p from 425
JPM Cazenove retains Neutral 415 from 380

[1fox1] 11/1/2018 11:00

Well done holders. I missed out on 10% but did very well. No complaints. Bowl is virtually now complete? Not sure how much further from here.