Fisher (james) & Sons Share Discussion Threads

[cambium] 14/11/2013 07:50

Happy with that. Great job guys

[scottishfield] 14/11/2013 07:35

Yes, all good. Looking fwd to today.

[battlebus2] 14/11/2013 07:32

Great statement, never fails to impress :))

[roddiemac2] 14/11/2013 07:11

IMS is positve : as usual there is little detail . =

James Fisher and Sons plc
Interim Management Statement

James Fisher and Sons Plc (FSJ.L) ('James Fisher'), the leading Marine Services business, today announces its Interim Management Statement for the period from 1 July 2013 to date. Trading has continued well with revenue for the third quarter 11% ahead of the comparable period in 2012 and results were in line with management's expectations. The Company's strategy to focus on niche, high growth marine services markets in fast growing regions of the world continues to deliver good growth over 2012.

During the period the Group completed the sale of its 25% shareholding in Foreland Holdings Limited for an initial consideration of £11.4m with potential additional consideration on the sale of two vessels owned by Foreland. The Group also announced the acquisition of Osiris Marine Services Limited and Osiris Underwater Engineering Limited, providers of diving and sub-sea services, for £3.25m.

Although working capital is expected to increase with the growth in the businesses anticipated in the second half, the Group's strong balance sheet and record of cash generation enables it to continue to take advantage of suitable bolt-on acquisition opportunities as they arise.

Overall, James Fisher's strategy of focusing on fast growing niche markets is confirmed by its trading performance and the Company remains well positioned to deliver further growth and value for shareholders.

Contacts

[rivaldo] 14/11/2013 07:09

Excellent trading statement with everything nicely in line:



I particularly like:

"Although working capital is expected to increase with the growth in the businesses anticipated in the second half, the Group's strong balance sheet and record of cash generation enables it to continue to take advantage of suitable bolt-on acquisition opportunities as they arise."

This tells us both that H2 is expected to be very good, and that FSJ are on the hunt for further earnings-enhancing acquisitions.

With Q3 results 11% ahead of last year's, I continue to get a nice warm feeling about this lovely, solid company.

[battlebus2] 13/11/2013 10:26

Thanks guys looking forward to that.

[roddiemac2] 13/11/2013 09:37

The company will make a statement at 7 am tomorrow.

[roddiemac2] 13/11/2013 09:28

BB2, I have emailed the company asking for confirmation .

[rivaldo] 13/11/2013 08:42

BB2, the FSJ web site shows the update for today, though it is "to be confirmed" so not definite:

hxxp://www.james-fisher.com/investors/

[battlebus2] 13/11/2013 08:23

Update tomorrow?

[rivaldo] 12/11/2013 15:37

Good to see the share price climbing on decent volumes today (over 200,000 shares) before the trading update tomorrow.

[roddiemac2] 11/11/2013 20:54

And two more trades , each for 25,000 shortly after the 49,655.
On the first of this month there were two trades of 60,000 each ,plus two more of 60,160 each. Nice to see large buys so close to an announcement.

[rivaldo] 11/11/2013 14:34

Cheers roddiemac. This Wednesday it is then.

Nice 49,655 shares buy at 1110p just reported.

[roddiemac2] 09/11/2013 12:31

The company`s website shows that their Interim Management Statement should be on 13/11/13 ( to be confirmed )

[scottishfield] 25/10/2013 18:55

well up today, I thought yesterdays close was a bit odd.

[rivaldo] 21/10/2013 23:03

FSJ is the "Featured Stock" in Mark Slater's Recovery Fund September newsletter published today, so this might hopefully garner some more interest in the stock.

[rivaldo] 20/10/2013 07:49

A new contract win for FSJ's Strainstall:

hxxp://www.marinelink.com/news/containership-strainstall359950.aspx

"Strainstall Hull Monitering for HHI-built Containership
MarineLink.com
Friday, October 18, 2013

Strainstall Marine, a part of James Fisher and Sons plc, has recently secured an order to supply their StressAlert Hull Stress Monitoring system (HSMS) to Hyundai Heavy Industries for their new 18,000 twenty-foot equivalent units (TEU) carrier. The container carrier is owned by China Shipping Container Lines and installation of the HSMS is scheduled for October 2014.

Hyundai Heavy Industries (HHI) earlier this year won a $1.4 billion order to build five 18,000 TEU class and five 14,000 TEU class containerships from the United Arab Shipping Company (UASC) on August 29. The 18,000 TEU carriers are the largest container vessels ever to be built.

Strainstall Marine's StressAlert HSMS monitoring technology is the result of over 40 years at the leading edge of load measurement, strain and stress determination. Hull structural integrity is continuously monitored and displayed, and advanced algorithms contained within StressAlert enable predictions of hull status and deterioration to be determined.

StressAlert enhances vessel safety due to a reduction in high stress incidences, enabling fuel savings and facilitating effective voyage management. The system provides instant access to the vessel's hull stress status, whether derived from dynamic wave action or induced stresses from cargo operations, allowing the ships master to alter course and speed to reduce stress levels. In some conditions a minor change of heading will result in significant reductions in stress levels without the need to reduce speed, and in other situations decreasing or increasing speed may be beneficial. During cargo operations, loading and discharging plans can be adapted to minimise the effects of structural stress."

[rivaldo] 18/10/2013 15:59

Surging this afternoon.

I notice that as part of the UK government's deal allowing China to acquire stakes in UK nuclear plants, British companies will also gain access to the Chinese market. The Times quotes Rolls-Royce and Mott MacDonald as beneficiaries, but I imagine FSJ will be keen to get in on the act too.

[rivaldo] 15/10/2013 15:08

More work for FSJ:

hxxp://www.hexhamcourant.co.uk/new-nuclear-ship-set-for-furness-has-been-launched-1.660442

"New nuclear ship set for Furness has been launched
Published at 12:59, Thursday, 14 January 2010

A SECOND new Japan-built nuclear freight ship to be based in Barrow has been launched.

Pacific Egret is expected to transport nuclear waste from Sellafield to Japan and other countries.

The ship – which will carry nuclear waste from power stations abroad and reprocessed nuclear fuel – was launched on Tuesday.

The ship is owned by the Pacific Nuclear Transport Limited, which has other nuclear ships based in Barrow and Workington....

....The nuclear ships are managed by James Fisher and Sons plc of Barrow. PNTL is owned by International Nuclear Services of the UK, Areva of France and Japanese nuclear companies.

The Barrow ship will also carry radioactive material between France and Japan.

Furness Enterprise industrial development director Stuart Klosinski, said: "Anything which allows the fleet operated by James Fisher to modernise and expand has got to be good for Barrow and for James Fisher. It is another boost for the Energy Coast.""

[battlebus2] 14/10/2013 11:08

Thanks Rivaldo, looking forward to trading around those levels.

[scottishfield] 09/10/2013 16:18

wow, tks riv

[rivaldo] 09/10/2013 16:12

Hmmm....a £17.54 per share valuation published today:

hxxp://slowtrader.com/2013/10/09/lse-james-fisher-and-sons-plc-fsj-10-93/

"LSE – James Fisher and Sons plc (FSJ) £10.93

James Fisher and Sons plc is based in Barrow-in-Furness and provides marine and specialist engineering services. We value this company at £17.54. The company could pay off all its debt in 1.3 years of profits. Only one blip in its EPS growth rate 7 years ago, all other values and growths are good. Operating margin is 10% increased to 11% last 6 months. Order book reported as increasing. Depreciation and inventory high at 36% and 17% respectively. However, they are buying treasury stock which is a good sign. Some share purchase by directors too.

Tide is up, wave is down slightly and ripple has turned back up. Good buy signal."

[rivaldo] 08/10/2013 09:52

A sudden move up - and some good news with a sizeable contract win for Fendercare:

hxxp://www.edp24.co.uk/business/fendercare_secures_outer_harbour_contract_1_2848762

"Fendercare secures outer harbour contract

Norfolk firm Fendercare has won a six figure contract to supply 17 fenders to Great Yarmouth outer harbour

Shaun Lowthorpe, Business editorFriday, October 4, 2013

Bosses at Norfolk-based Fendercare have secured a six-figure deal to supply fenders to Great Yarmouth outer harbour.

The firm has won a deal to supply 17 Yokohama pneumatic fenders to port operator Eastport UK after beating off international competition.

Sonia Wells, Fendercare Marine sales manager, said: "We have previously supplied Eastport UK with a number of fenders and this contract also shows the commitment that Fendercare Marine has to the local supply chain and local economy."

Jamie Frater, Eastport UK chief executive, said: "the new Yokohama fenders are a proven product, and provide us with greater flexibility to cater for a range of different sized vessels, further enhancing the attractiveness and suitability of the Outer Harbour to our current and future customers." "

[scottishfield] 24/9/2013 08:10

rns : Chairman buys shares.