Fisher (james) & Sons Share Discussion Threads

[emeraldzebra] 13/5/2014 12:47

yes - a sudden drop can be quite frightening. But i know from long experience that it is a classic side effect of 1. a fairly thinly traded entity and 2. Someone out there NEEDING to sell - albeit at a very silly price - as all the buying interest were out at the pub or elsewhere. Majestic wine another v good example of an excellent company coming off way too much on microscopic volume....but what the hell - a good buying opportunity - so little to complain about.

[roddiemac2] 12/5/2014 23:12

effects, not affects ( that`s oxygen deprivation at work )

[roddiemac2] 12/5/2014 23:02

bouleversee,

I have just come back from my piping practice in a local church hall, and so am suffering the delayed affects of oxygen deprivation.I have not had much time to look at shares today. In fact, unless I am looking to buy or sell a share , I rarely look more than first and last thing in the day.

I have had another look at trading today, which shows that the price moved down most with the penultimate trade at , which was an uncrossing trade, and the largest trade of the day at 6,924. Apart from that , there were three trades of 1,000 ( two buys and a sell) , and a buy of 5,100, and a sell of 5,000 . most of the rest were very small.

[bouleversee] 12/5/2014 22:28

Thanks, roddiemac.

Very strange. Wonder who buys and sells in such small quantities. Might buy more in our ISAs and sell some of the non-ISAs when, hopefully, price recovers.

[roddiemac2] 12/5/2014 20:18

bouleversee, I have just had a quick look at the trades;-- more shares shown as buys than sells: a total of 131 predominantly tiny trades : about half of them for less than 100 shares.

[roddiemac2] 12/5/2014 19:58

Hello bouleversee,

The reason for the drop is because there are more sellers than buyers , on the day.

I have just posted the following on iii , in response to someone who always queries what is behind every price movement in FSJ.----

"There are many reasons why investors sell shares ( subjective and objective ) They are often not ominous. If you can`t live with volatility , perhaps you should contemplate selling.

Concentrate on the story."

Something as simple as one investor selling to fund his daughter`s wedding could shift the price. If the price continues to fall , I will buy more.

[scottishfield] 12/5/2014 17:00

1320 finish? Hope it's still there in the morning.

[bouleversee] 12/5/2014 15:06

I wonder why the drop today?

[rivaldo] 12/5/2014 14:50

Came across this broker comment:



"Fisher starts strongly

UK shipping group James Fisher said on Thursday it had started the year well, as analyst Investec slapped a buy rating on the company.

In a trading update, the shipowner said offshore oil and specialist technical revenues are strongly ahead of last year.

The coastal products tanker fleet is continuing to make progress, it added, due to a combination of contract wins and further action to tighten capacity.

Investec added: "Demand across the globe remains strong and, arguably, current events in eastern Europe should increase the need for the group's services.""

[rivaldo] 07/5/2014 08:14

A significant new partnership:



"James Fisher Partners with Mammoet Salvage
Posted by Michelle Howard
Tuesday, May 06, 2014

James Fisher Marine Services Ltd (JFMS), part of James Fisher and Sons plc has announced the signing of a cooperation agreement with Mammoet Salvage B.V a division of Mammoet.

Operating for over 200 years and with a global office network, Mammoet is a specialist in engineered heavy lifting and multimodal transport solutions. In 2006, following their involvement in the recovery of the sunken Russian nuclear submarine Kursk, they formed Mammoet Salvage B.V., and in recent years that division has experienced substantial growth.

Jim Hey, managing director of James Fisher Marine Services, commented, "With this agreement in place, our companies are much better placed to respond quickly to salvage or other opportunities that would benefit from a joint response, which draws upon our areas of expertise."

This agreement between JFMS and Mammoet Salvage identifies the two companies as preferred partners to secure contracts for marine salvage and decommissioning services, including wreck removal, to the defence and commercial markets.

"We are very pleased to have this agreement in place with James Fisher," commented Arjan Herrebout, managing director of Mammoet Salvage. "Theirs is a company with whom we feel we have a close fit, with both having a range of capabilities that will complement each other nicely in terms of ability to provide an effective, responsive and efficient service to customers around the world, based on a total combined expertise of over 350 years of marine operational experience."

With both companies operating a global network of regional offices serving customers worldwide, the smart, innovative solutions provided by Mammoet Salvage, combined with the specialist knowledge and experience of James Fisher, will allow us to deliver a customer-focussed, quality service to worldwide customers.

"This agreement presents us with an opportunity to work in collaboration with a highly respected marine salvor with a reputation for delivering quality services, and we look forward to a prosperous working relationship going forward," concluded Jim."

[rivaldo] 04/5/2014 07:55

Big expansion plans with a new "global manufacturing hub":



"James Fisher and Sons to create global subsea manufacturing hub at Inchinnan
Apr 30, 2014 11:24
By Scott McCulloch

Following refit, 30,000 sq ft unit in Inchinnan Business Park will serve as delivery base for large scale projects

Oil and gas and marine services firm James Fisher and Sons plc has acquired a 30,000 sq ft industrial unit in Inchinnan Business Park.

The unit, which was previously let to diesel engine specialist Skandiaverken Ltd, who have negotiated a lease termination to facilitate the property sale.

Barrow-in-Furness based James Fisher and Sons will move into the premises following a refit which will see the unit become its global manufacturing hub for subsea engineering.

The purchase will also enable James Fisher Defence and sister-company Divex Ltd to work closely together in the delivery of large scale projects.

James Fisher Defence is also relocating its operation from Westway in Renfrew.

Ben Sharples, managing director of James Fisher Defence, said: "The new unit is perfect for our requirements in Scotland.

"With 30,000 sq ft of floor space, easy access to the airport and main motorway links and connecting office space, it was a great find and we are looking forward to moving in.""

[scottishfield] 02/5/2014 09:44

3 cheers for questor! good start today.

[rivaldo] 02/5/2014 08:46

Questor in the Telegraph today says Buy:



"Questor share tip: James Fisher shares jump 11pc

Cumbrian based marine engineer benefits from strong oil and gas industry demand, says Questor

By John Ficenec, Questor editor
6:00AM BST 02 May 2014
Questor says BUY

JAMES Fisher and Sons said that strong demand in the offshore oil industry has boosted revenues during the first quarter of its financial year. Yesterday's trading update sent shares 11pc higher and underpins our buy recommendation.

The Barrow-in-Furness-based marine specialist said revenue was strongly ahead of last year in the offshore oil market. Its advanced "saturation" techniques, which allow divers to go deeper underwater for longer and are more efficient than conventional air breathing operations, have seen strong demand.

Offshore Oil and Specialist Technical services contributed about half of the group's pre-tax profits on business in the North Sea, Latin America and Asia Pacific. Fisher continued to expand with two bolt-on acquisitions in the first quarter. Subsea Vision was bought for £2.5m and adds ability in remotely operated underwater vehicles; the group paid £3.7m for DCE, which makes underwater vehicles to carry divers. This follows the £20.8m purchase of diving equipment supplier Divex in March last year.

Encouragingly, growth is being funded by cash generation rather than debt. An excellent cash flow performance and the £25.5m sale of the railway engineering business resulted in net debt falling to £76m from £99m in the annual results, leaving a strong balance sheet.

The company added that Marine Support is having a slower start to the year, but this is expected to recover in the second half. Fisher's forecast full-year dividend of 22p provides a yield of 1.8pc that is expected to increase by 10pc for each of the next two years.

Questor recommended buying the shares last August (Buy, £10.57, August 21) as they looked cheap. The shares have since delivered gains of 33pc, almost three times that of the wider market. They now trade on a not so cheap 17.7 times forecast earnings, falling to 16.3 times next year.

However, the balance sheet is strong and could fund a bigger acquisition this year, which could push shares higher.

Given this encouraging result, we retain that recommendation. Buy."

[rivaldo] 01/5/2014 23:13

Not a bad day :o))

Summary from today's Investec note:

"James Fisher (FSJ.L)
Buy
A quality business that continues to deliver

James Fisher continues to deliver a robust trading performance, helped by
the group's strategy of continuing to invest in niche businesses which
operate in demanding environments, using its strong marine service and
specialist engineering skills. Demand across the globe remains strong and,
arguably, current events in eastern Europe should increase the need for the
group's services."

[apad] 01/5/2014 19:12

S,
I was going to do that:-)
Oops.
apad

[emeraldzebra] 01/5/2014 17:26

i am only an ex shipbroker of the most basic type (dry cargo) - but this is a great company occupying a v specialist niche - onwards and upwards for years to come i would think and hope.

[scottishfield] 01/5/2014 11:50

same here roddie, sold some a bit higher up & now buying back most. Happy to be flexible, absolutely.

[roddiemac2] 01/5/2014 11:43

No shares go up in a straight line forever , however, FSJ`s strategy of focussing on " fast growing marine services markets " should have a long way to run.

Seven weeks ago I top lopped some in my ISA, with no intention of buying them back.I bought them back on Tuesday and this morning.Flexibility is a virtue in investing.I can`t see a better home for my money.

[scottishfield] 01/5/2014 11:09

Tks Riv (I am adding !)

[rivaldo] 01/5/2014 11:06

Investec have this morning upgraded to Buy from Add:



"UK shipping group James Fisher said on Thursday it had started the year well, as analyst Investec slapped a buy rating on the company.

In a trading update, the shipowner said offshore oil and specialist technical revenues are strongly ahead of last year.

The coastal products tanker fleet is continuing to make progress, it added, due to a combination of contract wins and further action to tighten capacity.

Investec added: "Demand across the globe remains strong and, arguably, current events in eastern Europe should increase the need for the group's services."

[rivaldo] 01/5/2014 07:09

Time for a bounce methinks - a good IMS out this morning, with a good start to 2014, trading in line with expectations, expansion in various areas and an assertion that 2014 will be a good year for FSJ shareholders:



"The Board of James Fisher and Sons plc (''James Fisher'') today issues its interim management statement for the period from 1 January 2014 prior to its Annual General meeting to be held today at 12.00pm.

James Fisher has commenced 2014 well and trading to date has been in line with management expectations. Offshore Oil and Specialist Technical revenues are strongly ahead of last year in the first quarter with good demand for our Offshore services across international markets and in the North Sea and with our Specialist Technical businesses benefitting from their strong order pipeline. Marine Support has had a slower start to the year with a number of projects being weighted to the second half. Tankships continues to make progress due to a combination of contract wins and further action to tighten capacity.

The Group has completed two bolt-on acquisitions in the first quarter. Subsea Vision (£2.5m) has broadened our marine services capability in the Remotely Operated Vehicles arena. DCE (£3.7m) has added to our product offering in the Swimmer Delivery Vehicle segment of the defence market.

James Fisher's proven strategy of focusing on the fast growing marine services markets across the world should continue to produce further growth and value for our shareholders in 2014."

[scottishfield] 29/4/2014 11:53

tks riv, bought a few more in this area.

[rivaldo] 29/4/2014 09:32

Good news:



"JFMS Vessel Completes its First 2 Charters
MarineLink.com
Monday, April 28, 2014

James Fisher Marine Services' offshore support vessel successfully completes two charters in quick succession at Round Three sites in the offshore renewables industry

James Fisher Marine Service (JFMS) announces the successful completion of the SMV 24 vessel's maiden charter and immediate subsequent charter at Round Three wind farm sites. The vessel accomplished its first charter working with offshore wind energy developer Forewind to support the Dogger Bank development, and the second charter was to RES Offshore delivering services to Hornsea wind farm. Both projects delivered support to critical metrological masts for the Round Three wind farm sites, transferring crew and equipment to carry out installation and maintenance activities.

The projects saw the offshore support vessel travelling up to 100 nautical miles offshore - 50 miles within its radius of safe return. Andy Nattrass, marine operations project manager at JFMS praised the success of the operation by saying, "The vessel has been specifically designed as a multi-role vessel enabling us to provide a wide range of support during construction and operations and maintenance activities to our customers in the offshore industry. The successful completion of these first projects is down to the vessels capabilities, with a key underpinning of JFMS's continued commitment to provide innovative solutions to the industry's needs."

The SMV 24 vessel sets a new standard within the industry as it's the only vessel of its kind in the U.K. With its capacity to deliver support to round three renewable projects and carry up to 30 metric tons of cargo, its operational efficiency and ability to be mobilized anywhere around the U.K. is unmatched.

Chris Holden, offshore operations manager at RES, who chartered the vessel for the Hornsea project commented, "James Fisher Marine Services have taken offshore vessel chartering to the next level. The vessel proved itself to be capable of transporting the engineers and equipment over 150 miles from the Port of Grimsby East. It is likely that RES will look to charter the vessel again in the near future to support other projects requiring overnight accommodation and the facility to carry our tools and equipment."

"This cost-effective solution will trigger a high demand for the vessel and also re-define expectations from our customers," Nattrass added.

Jim Hey, managing director of JFMS, commented on the expected high-demand and also complimented what has been achieved since the launch of the vessel: "The purchase was completed on Monday (14 April) and the vessel swiftly set sail on Wednesday to its first project, which is testament to its unique capabilities, our staff and also JFMS's ability to deliver under challenging timescales.""

[rivaldo] 23/4/2014 08:50

Good news today for FSJ from the UK government - approval for 5 new offshore wind schemes amongst 8 major renewable projects expected to "attract £12bn in private investment":

[rivaldo] 22/4/2014 11:48

Bouncing nicely...and some good news:



"Oil change trial success for Fisher
14/04/2014

James Fisher Renewables has successfully trialled a new oil transfer system for the direct extraction and refill of offshore wind gearbox oils from a conventional access vessel.

The company said the Ship-to-Turbine (STT) oil change system (pictured) is "set to significantly improve safety, efficiency and reduce down time in offshore wind turbine gearbox oil changes".

The trial was carried out on an offshore wind farm off the Norfolk coast, where the STT system was demonstrated by "completing the entire evacuation, flushing and re-fill of the gear oil system in less than four hours total pumping time per turbine".

The system uses vacuum, preheating and filtration technology to transfer the oil from a self-contained deck-mounted unit, through umbilical hoses directly eliminating the need to fill and hoist containers via the nacelle crane.

Oil change operations using traditional manual methods can take up to two days to complete, the company said.

James Fisher business development manager Alan Heslop said: "We worked closely with our partner, Chemical Corporation, to adapt, marinise and develop their onshore Sage Oil Vac technology for offshore applications, creating a flexible system suitable for any oil volume and type.""