Fisher (james) & Sons Share Discussion Threads

[bouleversee] 02/3/2014 14:46

Goldendigger -

I bought at 137p in Jan. '98 and at 70p in Feb. 99. I can't remember where I got the idea, possibly from Lord John Lee who used to write for the FT. I also bought some in my ISA at 404p some time later.

I've never sold any but have at various times given some to my children and grandchildren, still leaving me with a substantial holding, far bigger than any other of my holdings. I probably should be selling some and rebalancing but I only hear good news about them so never do and I do get rather attached to my winners. Also, I can't think of anywhere better to put my money at the moment. I wish all my shares had performed as well.

[goldendigger] 01/3/2014 23:48

I just came across these last night and remembered these were the first share I ever purchased at 50p in the late 90's when I was 18 and sold at around 80p. I cant believe what the share price is today, would be worth a fortune for me today!
Goes to show if you hold long term the gains can be massive if you pick the right company. Is anyone here in since the early days. What I can remember it was a tip in the investor chronicle back then.
Seems they have come along quite a bit since then!!!

I hold mostly AIM mining shares. Wish they will have the same gains as seen here over the next decade.

[rivaldo] 26/2/2014 09:17

News of delivery of another oil tanker to FSJ:



"Product tanker built to high specification for European coastal trade
25 Feb 2014
'Kestrel Fisher' is designed and built for Northern European coastal service

Damen Shipyards' 'series production' philosophy, which has proved so successful in the workboat, tug and patrol craft markets, is successfully transferring to coastal and short sea shipping as demand grows for high-quality and cost-effective smaller tonnage built to meet the latest environmental standards.

At the end of 2013, the latest small oil tanker built by Damen Shipyards entered service. The Kestrel Fisher is the second of a pair of Damen Double Hull Oil Tanker 8000 type ships, sister to King Fisher which had been handed over earlier in the year.

The pair was built by Damen Shipyards Bergum for Dutch manager De Opfeart Beheer. The names reflect the fact that the ships are part of the James Fisher Everard fleet of small tankships. JFE, which is responsible for the commercial management of the vessels, is part of the diverse UK-based James Fisher group, which provides specialist services to the marine industry as well as having interests in defence, energy, oil and gas, renewable, nuclear, construction and transport industries.

The old-established FT Everard company, with a 40-year-plus history in tanker operation, became part of the James Fisher group in 1997, at the same time as oil and gas company Buchan Technical Services. Today the FTE fleet comprises some 18 double hulled product tankers, of 3,000dwt to 11,000dwt, trading along the European coastline carrying varied liquid cargoes including petroleum products, diesel, kerosene and biofuels. The traffic consists of fuels carried from the refineries and large terminals to costal storage facilities, many of which are on remote islands, and to far-flung communities for which the sea offers the only reliable and cost-effective means of supply.

Mindful of the unrelenting sea conditions around much of the northern European coastline, and the highly-regulated nature of the European shipping industry, the company aims for high standards, using only up-to-date, well-maintained ships in the command of experienced officers. Associated group company James Fisher Shipping Services, which provides crewing and technical management to the JFE fleet, says that the officers it provides are selected for their experience and local knowledge of sea conditions, ports, berth requirements and vessel / cargo operation. It claims that 90% of Masters are promoted from within and most have served the company for an average of 15 years.

etc"

[scottishfield] 22/2/2014 12:57

very possibly Bscuit, possibly a sell.

[bscuit] 22/2/2014 12:33

Caused by the late reported 5822[ larger than all other trades of the day] trade?

[scottishfield] 21/2/2014 19:53

strange sort of finish, maybe bounce back up on Monday

[rivaldo] 12/2/2014 10:05

FSJ have some interesting involvement in flood monitoring and clean-up which might prove rather useful at present and in the future:



"Railway bridge flood monitoring

Strainstall's flood monitoring system has been designed for rail bridges that frequently experience flash flooding. The flood monitoring system incorporates water level sensors, displacement sensors (to measure whether the bridge deck moves on its supports) and a camera.

etc"



"Blastgreen wet blast machines can remove almost any substance from any surface without the use of chemicals or toxic abrasives. Using a combination of water and natural, environmentally friendly media called Olivine and Garnet, delivered at pressures as low as 2.5 bar, Blastgreen machines are ideal for a wide variety of applications, giving total flexibility for cleaning almost any surface.

We currently supply to the following industries:

•offshore;
•racetracks;
•ship cleaning and anti-foul removal;
•concrete companies;
•white line removal;
•building restoration;
•engineering;
•zoos;
•industrial cleaning; and
•fire and flood damage."

[rivaldo] 11/2/2014 11:49

Nice £400k contract for FSJ's Strainstall:



"Let's go! Six-figure investment made in port's berths
Published on the 04 February 2014

FERRIES coming in and out of Portsmouth will be able to arrive and leave more efficiently, thanks to a £400,000 investment in new, cutting edge, technology.

The investment will modernise the way the ships are tied up and let go at the port, which is also welcoming increasing numbers of cruise ships to the city each year.

However, the 14 automatic quick-release mooring hooks are being installed on berths mainly used by cross-channel ferries, making the arrival and departure process faster and safer.

The new system being installed on berths three and four greatly reduces the need for port staff to handle heavy mooring ropes. It means staff have to spend less time on exposed areas of the dock, and the risk of back injuries from heavy lifting is also reduced.

The new hooks are a major investment in new infrastructure and are being supplied by Strainstall, a company on the Isle of Wight.

Similar technology from Australia was first installed at the Port in 2012.

Martin Putman, port manager of Portsmouth International Port, said: 'The Strainstall system will really modernise our operations, an investment that helps to further protect the safety of our workforce.

'I'm delighted the most competitive tender for the best system came from a company on the Isle of Wight. That means money stays in the local economy, helping to protect jobs.

'It also guarantees us a high level of service, with maintenance and spare parts just a short ferry ride away.'

The 14 Strainstall quick-release machines should be operational by the end of March.

They are a mixture of single and double-hook machines, designed to withstand harsh marine environments.

Commonly used at oil and gas terminals to provide a quick release for tankers and carriers in the event of fire, the system is also useful in a port that has numerous vessels coming in and out at peak times."

[rivaldo] 06/2/2014 23:05

Fendercare continue to recruit for new positions, but I particularly liked this note of "tremendous growth" being experienced:



"Fendercare Marine is one of the world's leading suppliers of marine services and equipment. Our head office is based in Norfolk but we now have a number of operations and facilities worldwide.

We have witnessed tremendous growth both in the UK and overseas and as such are now recruiting for a number of vacancies across all our divisions."

[rivaldo] 05/2/2014 08:50

Good news for FSJ - I read in the Times that the UK has more offshore wind turbines than the rest of Europe combined, with almost 1100 in total.

All of these will need servicing etc, with FSJ's specialist operations at the front of the queue.

The Treasury Secretary has said he wants at least ten gigawatts of off shore wind capacity to be installed by 2020, a trebling of existing capacity.

[rivaldo] 31/1/2014 07:28

Thirded :o))

Here's the future for FSJ - Fendercare gaining work in the fast-expanding LNG sector with "two of the world's leading Gas Majors":



"Fendercare Provides STS Support Services
Posted by Michelle Howard
Thursday, January 30, 2014

Fendercare Marine provided STS support services for the first open sea's Liquefied Natural Gas (LNG) STS operations for two of the world's leading Gas Majors.

The LNG STS operations were performed in the Eastern Mediterranean with a number of 152,000 cm3 membrane tank Liquefied Natural Gas Carriers (LNGC), and most recently a 135,000 cm3 moss type carrier; all delivering cargo to one of Excelerate Energy's 138,000 cm3 Floating Storage & Regasification Unit (FSRU). These were the first open sea LNG STS operations for either major.

Fendercare Marine operator of genuine Yokohama brand pneumatic fenders and supplied Yokohama Jumbo fenders for the operations, in conjunction with additionally supplied ship-specific mooring equipment and a dedicated rigger to assist with the secure mooring and unmooring of the oil major LNGCs. Furthermore, two large ASD tugs provided assistance as well as guard duties ensuring the operations were extradited without interruption.

Fendercare Marine facilitated sessions in their U.K. simulator to mirror the predicted sea states they would face which, in turn, provided the necessary feedback to assist in tailoring a mooring system to suit. Further simulator sessions allowed for extensive testing of various emergency break away situations.

In addition to STS services, Fendercare Marine offers a turnkey service for the operation and management of onshore and offshore marine terminals, supplying pilotage and Mooring Master provision for tandem and CALM buoy berthing, CALM buoy inspection and maintenance, product supply, AHT provision & management, diving & ROV services, as well as hose management, supply and change out."

[bouleversee] 30/1/2014 16:51

I don't think they are a sell.

[roddiemac2] 30/1/2014 15:10

bouleversee,

The shares are quite tightly held, as is evidenced by the lack of serious profit taking since the market turned down. There is no indication that a potential bidder exists, but if a predator did try to acquire FSJ, I would expect there to be resistance on the part of both the management and major shareholders.

If you judge that a share is a sell, you should sell regardless of tax considerations. --" Don`t let the tax tail wag the investment dog " Success in investing makes the paying of tax inevitable , at some point . ( with the obvious exception of ISA`s )

[bouleversee] 30/1/2014 13:07

Indeed so. Come April I will bed and isa some of them.

[scottishfield] 30/1/2014 12:16

really no idea bouleversee, but FSJ is looking increasingly attractive.

[bouleversee] 30/1/2014 12:14

What do you suppose are the chances of a takeover here? Nil, I hope. I am sitting on a gain of over £40k and had planned to keep forever so no cgt but it's just occurred to me that I might not have a choice in the matter and losses wouldn't offset the gain.

[rivaldo] 30/1/2014 07:34

Fendercare expanding in the Middle East:



"Fendercare Marine Middle East Opens New Head Office
Posted on Jan 29th, 2014

Fendercare Marine Middle East announces the opening of their brand new, purpose built premises at Emirates Industrial City Sajaa, Plot No 146/16, PO Box 25896, Sharjah, UAE. Their new permanent premises will enable the company to offer an even wider range of products and services to both their existing and new clients.

Since 2000, Fendercare Marine Middle East has supported the oil & gas and marine needs of the Gulf Cooperation Council (GCC) countries from their base in the UAE. The new base will continue to provide a wide range of products including fendering, buoyancy, mooring, quayside and deck equipment. The services now available to customers includes a new range of lifting and testing services, diving and ROV, SPM maintenance and hose testing.

Recently celebrating its 25th anniversary in 2013, Fendercare Marine has rapidly expanded to become one of the world's foremost suppliers of marine products and services. In 2005, Fendercare Marine became a part of James Fisher and Sons plc, a leading provider of marine services with extensive experience in the maritime and offshore industries worldwide.

"We are delighted to have moved to our new premises," commented General Manager, Bode Gbadamosi. "Our new base increases our ability to exceed customer expectations while giving us the space to expand our product and service offerings. As a team, we are committed to providing the best possible customer service to our existing and new customers, supported by the wide range of quality products and services you would expect from Fendercare Marine.""

[scottishfield] 28/1/2014 09:38

excellent, what a real gem this stock is (& a nice quiet bb too). Wish I had more of them.

[rivaldo] 28/1/2014 09:13

RNS out - looks to be another excellent acquisition, complementary to the current businesses and a very cheap price, given a £2.5m cost against historic £0.4m profit and with £0.7m net assets:



"ACQUISITION OF SUBSEA VISION LIMITED

James Fisher and Sons Plc (FSJ.L) ('James Fisher'), the leading Marine Services business, today announces the acquisition of the entire share capital of Subsea Vision for £2.5m. Subsea Vision owns and operates remotely operated vehicles (ROV) providing underwater surveys, inspections and construction support to the oil and gas industry including floating, production, storage and offtake vessels. Subsea Vision adds to James Fisher's marine support services division and will report to Fendercare.

Based in Dorset and established in 2002, Subsea Vision currently has five ROV systems in its fleet. Profit before tax in the year to 31 March 2013 was £0.4m. Net Assets at 31 March 2013 were £0.7m.

Nick Henry, Chief Executive Officer of James Fisher, said:

"The acquisition of Subsea Vision is a further step in our growth, providing niche specialist services for the offshore energy sector.""

[rivaldo] 17/1/2014 14:17

This sounds like a BIG win for Fendercare as part of a £1.1 billion project:



"R19bn SA oil hub in the pipeline
January 16 2014 at 03:47pm
By Terry Hutson and Suren Naidoo
--------------------------------------------------------------------------------
Durban - A R19 billion project involving the development of two offshore single buoy moorings (SBM), to be used by giant oil supertankers, is on the cards for the Zululand coast, south of Richards Bay.

The twin reversible offshore mooring project is being developed and driven by Phangela Storage Farm and will be linked to a tank farm near Port Durnford station, about 26km from the port of Richards Bay. There is also set to be an offshore pipeline connecting with Durban and Richards Bay.

The major project involves a 2 million cubic-metre liquid bulk storage and through-put hub. It will include a comprehensive storage tank farm and strategic reserve storage on behalf of long-term international and local clients....

....Fendercare Marine has been appointed as the executing operator for the marine facilities, pilotage, mooring and diving."

[rivaldo] 15/1/2014 23:09

Lovely finish and more new highs....

[roddiemac2] 15/1/2014 13:38

I am a little peckish myself.

[battlebus2] 15/1/2014 13:34

My gut tells me it's time to refuel :))

[roddiemac2] 15/1/2014 13:30

TDay ,--It is pointless making bald statements like that . Say nothing or back your statement up.

We are used to careful analysis and information gathering on this board.