Fisher (james) & Sons Share Discussion Threads

[rogerbridge] 19/9/2014 18:15

Tucked some of these away this morning.

[phillis] 19/9/2014 12:17

Rivaldo

Are you suggesting that the majority of Scottish people are "educated"?

[roddiemac2] 19/9/2014 09:20

Yep, there was the potential for a yes vote to tip an arguably toppy market downwards.

[scottishfield] 19/9/2014 06:37

Agree rivaldo, hopefully FSJ will benefit.

[rivaldo] 19/9/2014 06:23

Scotland votes NO...so for FSJ it's all systems go :o))

Why they'd ever vote Yes is beyond me. One Scottish caller said all her educated friends were voting No and her uneducated friends were voting Yes. That about sums it up.

[roddiemac2] 16/9/2014 13:35

illiswilgig,

Yep, I think Thursday`s referendum is having an effect. It may have a bigger one if the yes vote wins. I have been amazed at the paucity of the debate. There is no long term plan .

[illiswilgig] 16/9/2014 13:19

This DSRV contract is indeed good news for JFD, well deserved if a long time coming.

Since the price has been falling (is this an effect of the upcoming referendum?) I've taken the opportunity to top up again.

cheers

[rivaldo] 14/9/2014 07:07

Wow - this contract is worth $67m :o))

Perhaps to be RNS'd when the contract is formally signed....



"James Fisher Defence wins Indian Navy submarine rescue contract
Rahul Bedi, New Delhi and James Hardy, London - IHS Jane's Navy International
10 September 2014

James Fisher Defence has previously supplied DSRVs to the Singaporean and South Korean navies. Source: Lloyd's Register


The Indian Navy (IN) has shortlisted the UK's James Fisher Defence (JFD) to supply it with two 30-ton deep submergence rescue vehicles (DSRVs) for about INR4 billion (USD66.66 million).

IN officials told IHS Jane's on 9 September that a DSRV offered by JFD was recently selected over a Russian vessel after emerging as L1, or the lowest bidder, after user evaluation and trials. They said the Ministry of Defence would sign a contract over the next 6-8 months following price negotiations with JFD.

The IN operates only one diving support vessel - INS Nireekshak - that also doubles as a submarine rescue vessel and has been seeking two DSRVs for nearly 17 years. Its initial attempt to acquire them in 2005 was called off following corruption allegations and the requirement was re-tendered in 2010.

As an interim measure, in 1997 the IN signed a USD734,443 contract with the US Navy for its "global submarine rescue fly-away kit" service.

Acquiring DSRV capability gained impetus after INS Sinshurakshak , a Russian 'Kilo'-class submarine, exploded in the Naval Dockyard in Mumbai in August 2014, killing all 18 IN personnel on board.

JFD has previously sold DSRVs of a similar class to the Indian requirement to Singapore and South Korea. In December 2008 the Republic of Korea Navy's DSRV II - based on JFD's deep search-and-rescue (DSAR) 500-class submersible - achieved a depth of 507 m during sea acceptance tests, the deepest recorded dive in the navy's history."

[rivaldo] 09/9/2014 06:33

Good news:



"James Fisher dives in at MeyGen
08/09/2014

James Fisher Marine Services has confirmed a deal to tackle marine installation for the 6MW first phase of Atlantis Resources' MeyGen tidal energy array in the far north of Scotland.

The contract covers four 1.5MW turbines, support structures and power export cables and follows the agreement of a £50m funding package for the scheme in the Pentland Firth. Construction is expected to commence later this year with first electricity delivered to the grid by 2016.

James Fisher group business development manager Jim Hey said: “As an integrator of complex marine projects with access to the specialist resources and capabilities of the wider James Fisher group, this latest award builds on its successful track record of completing detailed planning and engineering studies for other tidal developments and delivery of other significant projects the marine sector.”

The MeyGen array will eventually total 398MW and feature up to 269 tidal turbines."

[rivaldo] 04/9/2014 10:56

Has everyone noted the major story yesterday about the closure and works needed at Heysham and Hartlepool nuclear power stations?



It just so happens that FSJ's Strainstall - and FSJ Nuclear - carry out a lot of work at these two sites:



This could be quite a large extra boost for FSJ this year if all goes well (OT : I also own ALK, which could well benefit from the need for emergency electricity/gas supplies).

[gucci] 03/9/2014 12:43

thanks for that Rivaldo, topped up 400 shares to my long term holding :-)

[rivaldo] 03/9/2014 07:32

Cheers sf. News...

Investec say Buy and have raised their price target to 1500p from 1450p:



And Sanlam have retained their Buy and 1600p target:

[scottishfield] 02/9/2014 08:11

welcome back rivaldo

[rivaldo] 02/9/2014 07:27

Been away on hols, so nice to come back to such excellent results from FSJ (and cheers painter re your comment).

With Marine Support improving, and currency movements now benefiting FSJ's H2, I'd expect this to continue to be a good year for FSJ.

Some broker comments - first Singer:

"James Fisher has produced another strong set of results, with a slow start in Marine Support more than offset by growth elsewhere. The prospects for the Group’s niche services in demanding applications around the world remain strong and headroom remains for further organic and acquisitive investment. Divex continues to distinguish itself as an excellent acquisition with another contract win announced today. We have edged up PBT forecasts in all 3 years by 1% and this is the third time we have upgraded this year. Significant potential for ongoing growth remains in coming years and we feel that the Group is fully deserving of its premium rating and more."

And Investec:

"James Fisher reported an 8% lift in revenues to £216.1m, a 10% lift in underlying operating profits to £24.4m (+14% in constant currency and adjusted for acquisitions/disposals) and a 13% increase in underlying PTP to £21.9m (marginally ahead of our £21.5m forecast) in H1 FY14. The fully diluted EPS grew 14% to 34.0p and the interim DPS was increased 10% to 7.1p. Net debt rose to £82.4m (end-Dec 13: £54.3m), in part due to the working capital to sales ratio reverting to a more normal level.

Whilst James Fisher experienced a currency headwind that impacted H1 FY14 profits by c£1.5m, the group still beat market forecasts, we believe, and for the full year we are increasing our FY14E EPS by 3% to 73.5p (a new PTP forecast of £46.8m, was £46.0m)."

[painter] 01/9/2014 07:14

Whops!

I stand corrected roddiemac2 thank you.

[roddiemac2] 29/8/2014 18:59

painter,


FSJ is on the main market

[painter] 29/8/2014 18:55

I hold this long and also trade it in a range between (1320p and 1400p) They have to move to the main market in my view, up side to that I think would be around 25% with institutional buying ! All comments appreciated.

PS
As always great posts from Rivaldo as usual thank you.

[scottishfield] 28/8/2014 16:21

absolutely nothing wrong with this Co, - the share price is not reflecting all the good stuff going on, but no doubt it will.

[roddiemac2] 27/8/2014 18:07

Nice steady growth :-

James Fisher and Sons plc
Interim Results 2014

James Fisher and Sons plc (FSJ.L) ("James Fisher"), the leading
marine service provider, announces its results for the six months
ended 30 June 2014.


H1 2014
H1 2013
Change
Group revenue
£216.1m
£200.7m
+8%
Underlying operating profit *
£24.4m
£22.2m
+10%
Underlying profit before tax *
£21.9m
£19.4m
+13%
Underlying diluted earnings per share *
34.0p
29.9p
+14%
Proposed interim dividend
7.10p
6.46p
+10%
Statutory profit before tax
£20.8m
£18.6m
+12%
Statutory diluted earnings per share
32.0p
28.3p
+13%




* underlying profit excludes separately disclosed items


Highlights:
· Underlying profit before taxation up 13%;
· Underlying diluted earnings per share rose 14%;
· Marine Services divisional revenue increased by 12%;
· Increased Specialist Technical order book, robust
performance at Divex;
· Offshore Oil revenue up 20%, led by growth in Latin
America, West Africa and Asia Pacific;
· Three bolt-on acquisitions completed for £14m;
· Interim dividend raised by 10%.

[roddiemac2] 27/8/2014 18:01

27 August2014

James Fisher and Sons plc

DIVEX TO SUPPORT BP Exploration


James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its
subsidiary Divex has been awarded a contract by Keppel Singmarine
("KSM") to supply a saturation diving system for the BP Exploration
Shah Deniz II Project in the Caspian Sea.

Divex, the global leader in the design and delivery of saturation
diving systems, has been contracted by Singapore shipyard KSM for
the engineering design, supply, installation and commissioning of a
300 metre depth, 18 man, twin bell / twin hyperbaric lifeboat
saturation diving system.

The diving system will be installed into a 155m vessel being built
for the BP Exploration Shah Deniz II Project in the Caspian Sea.
The vessel is being built in Singapore and is expected to be
completed in the Baku Shipyard for delivery in 2017.

Nick Henry, Chief Executive Officer of JFS said:

"This is a complex project which requires the very latest diving
technology and we are delighted that Divex has been selected to
complete this contract. This is testament to the market leading
design skills and technology which Divex possesses and we are
looking forward to working with Keppel Singmarine on this important
project."

[painter] 27/8/2014 17:59

Good results in my view! surprised that it didn't hold the early
gains,

[rivaldo] 21/8/2014 17:04

Good news tonight on Meygen, the largest permitted tidal energy project in the world - a financing package has been agreed:



Remember that James Fisher are appointed to carry out the offshore construction works, including installation of the subsea cables, foundations and turbines - well, "Construction is expected to commence in Q4 2014" per tonight's RNS.

[roddiemac2] 15/8/2014 20:25

Start again; this computer has a mind of its own mind. I don`t understand your last post APAD.