Fisher (james) & Sons Share Discussion Threads

[rivaldo] 19/1/2015 11:22

FSJ acquired another company last Thursday....



"James Fisher Nuclear announces acquisition of HTSL
15th January 2015

James Fisher Nuclear announces the acquisition of High Technology Sources Limited (HTSL) based in Didcot, Oxfordshire.

The HTSL team is highly experienced in every area of source technology and its
application in a wide range of industries from oil drilling to the manufacture of pharmaceuticals. This acquisition will further enhance the offering from James Fisher Nuclear and complements its Radiological Calibration Service (RCS) based in Deeside, North Wales.

HTSL provides an extensive range of sealed Industrial Sources and Reference and
Calibration Sources through their Exclusive UK distribution agreements with world renowned source manufacturers and suppliers, Eckert and Ziegler. The sources are manufactured to the highest standards and comply fully with applicable national and international standards.

HTSL also exclusively distributes throughout the UK and Ireland, QSA Global's Sentinel NDT Sources and NDT Equipment product ranges. These market leading products provide a diverse, yet complimentary range to HTSL's portfolio.

The Directors, Duncan Aston and Jon Benn, will continue in position and the
business will operate as usual."

[comane] 16/1/2015 17:00

Thanks tintin82 That's a relief. I was worried

[tintin82] 15/1/2015 21:02

They are 25% of a consortium to build a nuclear waste store, headed up by M+W. That is not the same consortium as NMP. At least this is my understanding of the situation. If anyone with more information can clarify the facts. I will contact FSJ in the morning to clear this up.

[comane] 15/1/2015 20:15

Announcing the contract award on their web site they say that they are 25% of the consortium.

[tintin82] 14/1/2015 20:48

Why do you think they are part of the consortium? Has anyone asked FSJ about this? With no RNS I see no reason to think anything has substantially changed. Now I have said that a 0700 RNS will apear tomorrow!

[comane] 14/1/2015 20:23

Anyone know if the latest Sellafield announcement will impact FSJ? I think they are part of the consortium.

[bouleversee] 13/1/2015 15:14

Not very prosperous so far.

FSJ down today against the trend. They are not involved in the Sellafield issue, are they?

I was hoping they would be on an upward trend this year.

[roddiemac2] 08/1/2015 20:59

A happy and prosperous new year to all on this board.

[bouleversee] 08/1/2015 17:11

FWIW The Times was tipping Clarkson as a buy yesterday: "Excellent prospects from the Norway acquisition."

[rivaldo] 08/1/2015 15:53

OT : hi APAD. I remember seeing a couple of articles about BMS post-merger with ACM that there were some problems with staff jumping ship etc. A P/E of 13 just seems a bit high for a company which produced a very poor H1. Its H2 performance will be interesting, but will still likely produce a year-on-year EPS decline - despite any ACM contribution. I'm quite prepared to change stance however if H2 is good and the outlook better.

[apad] 08/1/2015 11:38

OT
Hi riv,
Do you have any other concerns about BMS? They lost an important person and have to integrate the new business.
I'm interested for yield in my Mum's portfolio but am a bit twitchy as I haven't been looking at it for long.
apad

[rivaldo] 08/1/2015 10:37

Interesting emeraldzebra, cheers. BMS is overpriced at present imo, and CKN appears to be suffering as you say.

FSJ won a "significant" contract win 2 weeks ago:



"Fendercare Marine provide support to offshore installation in Liverpool Bay

Significant contract to provide diving services, personnel and equipment for Liverpool Bay Development.

Fendercare Marine Diving Services (FMDS) has been contracted to provide significant diving services and equipment for an offshore installation in Liverpool Bay.

The Liverpool Bay Development comprises four oil and gas fields, together with significant offshore and onshore facilities used for extracting, transporting and processing these reserves.

Fendercare Marine Diving Services mobilised the DPII Diving Support Vessel 'Seabed Worker', complete with a full air diving and nitrox surface demand diving spread, two work class ROV’s, a complete pipeline hydrographic survey facility and the James Fisher Hydro-Digger (mass flow excavator) for survey and remedial works to the assets located offshore in Liverpool Bay. The work scopes included the hydrographic surveys and mooring integrity surveys.

etc"

[emeraldzebra] 07/1/2015 16:51

yes - in my opinion - and i have 30 years (albeit in the (dry) shipping sector) - the main point about James Fisher are the pretty steep barriers to entry by the competition. The maritime services provided by these guys not come much more sophisticated/complex in the sector as a whole. Looking for £ 15.00 by end 2015. i will be surprised and disappointed if this is not achievable.

[rivaldo] 28/12/2014 23:25

Cheers redface - reads well:



"James Fisher

James Fisher provides specialist marine services — from tanker chartering and crew management to security — often sold as contract packages for oil rigs. The group’s breadth of expertise effectively limits competition. Sheridan Admans, of the Share Centre, says: “This pick is for growth investors looking for a company that provides niche services around the globe.

“The decline in the oil price is not expected to impact trading at the group’s offshore oil division, as the majority of its work is linked to maintenance and production, rather than exploration. Directors recently bought shares and an improving cash flow could have the potential to boost dividend growth.” "

[redface] 27/12/2014 19:30

Recommended in Times today as a share for 2015.

[roddiemac2] 23/12/2014 19:12

dlku,

The falling oil price is unlikely to dent FSJ`s business .

roddiemac2 3 Dec'14 - 18:08 - 1354 of 1369 1 0 edit

ONJohn,

very few , if any , of FSJ`s activities are affected by the oil price . The company is going from strength to strength, but there is possibly an erroneous perception in the market about the affect of the oil price on the business. Our job is to distinguish between perception and fact, and profit accordingly.

[dlku] 23/12/2014 14:59

reliance on oil

[roddiemac2] 23/12/2014 14:51

Long term holders will be rewarded here. There is ,to my mind ,a greater certainty of FSJ doing well than there ever has been in the past, and that is saying something.

A share to hold for life ---?

[rivaldo] 23/12/2014 07:30

New contract win....



"Fendercare Marine Diving Services to provide offshore installation services
By Laura Stackhouse | Industry | Mon, 22 Dec 2014 - 12:00 GMT

Fendercare Marine Diving Services (FMDS) has been contracted to provide significant diving services and equipment for an offshore installation in Liverpool Bay, UK.

The Liverpool Bay Development comprises four oil and gas fields, together with significant offshore and onshore facilities used for extracting, transporting and processing these reserves.

etc"

[rivaldo] 22/12/2014 08:13

The Share Centre this weekend tipped 6 stocks for 2015 - and FSJ is the first choice:



"James Fisher

Admans said: “James Fisher provides a range of marine specialist services which can be integrated into contract packages for oil rigs, wind farms, transporting oil, wharf operations and marine equipment, creating an expertise and limiting competition. It is an investment idea for growth investors, looking for a company that provides niche services around the globe.”

“The group has benefited from contract wins with oil companies not only in the North Sea region, but also Africa, Asia and South America. Furthermore, the decline in the oil price is not expected to impact trading at the group’s offshore oil division, as the majority of work is linked to maintenance and production, rather than exploration.”

“Directors recently bought shares and an improving cash flow could have the potential to boost dividend growth. We are keen to highlight the long-term attractions of the company and recommend them as a ‘buy’ for investors in 2015.”"

[rivaldo] 18/12/2014 10:20

RNS re winning a £150m consortium contract award :o)) Nice secure income through to 2017...

Great news....



"James Fisher Nuclear awarded major decommissioning contract

James Fisher and Sons plc (FSJ.L) ("JFS") today announces that a consortium of which its subsidiary James Fisher Nuclear ("JFN") is part, has been awarded a £150m decommissioning contract by Sellafield Limited. The consortium is led by M+W Group and the contract is for the design and delivery of a purpose built nuclear waste store and the construction of a new Direct Import Facility to handle radioactive waste. The project will commence this year and is scheduled for completion in 2017. JFN represents 25% of the value of the consortium.

Nick Henry, Chief Executive Officer of JFS, said:

"The award of this contract is testament to our specific design expertise in remote handling for the nuclear industry and demonstrates that James Fisher Nuclear has become a specialist tier 2 supplier to the UK nuclear industry. We look forward to working with M+W as the beginning of a strategic partnership.""

[roddiemac2] 09/12/2014 16:08

OnJohn,

There is little point in making bald statements.You need to back what you say with something resembling logic. We are used to sensible discussion and argument on this board.

[apad] 09/12/2014 11:18

Agree about the market accepting FSJ's statement.
HTG well on the way to 3.5% yield.

apad

[eggbaconandbubble] 09/12/2014 10:46

I guess there are a few who jump ship in other oil service companies and look to load up here instead. Maybe!