Fisher (james) & Sons Share Discussion Threads

[rivaldo] 19/3/2015 08:42

Going well now at new recent highs.

I came across this news showing that FSJ are making further acquisitions which haven't even been mentioned on RNS, presumably due to size, but are still adding to the Group's attractiveness and profitability:



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

etc"

[rivaldo] 12/3/2015 12:22

Good to have the chartists on side too :o)) Next stop 1600p.....



"Next up in terms of the stocks defying gravity at the moment is James Fisher (FSJ), where we are trading in the aftermath of a triple bottom between October and January, as well as the clearance of the 200 day moving average at the beginning of this month at 1,241p. What has been particularly encouraging to date this month is the way that the retracement from the 200 day line break failed to reach back down to this feature before a new rally took hold.

This allows us to speculate that at least while above the initial March resistance at 1,319p on an end of day close basis the upside here could still be significant, despite the gains already notched up. The favoured upside at this point is seen as being as great as the top of a rising trend channel from September, currently heading as high as 1,600p. The time frame on such a move could be by the end of next month."

[emeraldzebra] 11/3/2015 09:03

added to which -- there will have been some worried 'shorters' closing out i expect.

[emeraldzebra] 11/3/2015 08:51

Indeed -a good performance - but really just a catching up excercise when there was no logical reason for the recent weakness in the first place ! They just don't really have much quality opposition - and that factor is making itself felt here i think.

[deadly] 10/3/2015 17:49

Bizarre rise today against a collapsing market!

[emeraldzebra] 10/3/2015 16:39

a good day today too - amid all the rest of the Red !

[rivaldo] 09/3/2015 10:57

Hi roddie, looks fine to me so not much more I can do!

Good to see FSJ rising nicely, and on decent volumes too both last week and today.

[roddiemac2] 06/3/2015 20:57

Must be me , I have never mastered all the possibilities . Other BB`s are ok.

Bouleversee, I deliberately typed my last post narrow as a comparison. Moi aussi --- b all about computers.

[scottishfield] 06/3/2015 19:05

ok here on riv's posts

[bouleversee] 06/3/2015 18:26

roddiemac -

I can read his posts OK. However, I note that your margins seem to be set very narrow, i.e. lines short, so perhaps it's your computer settings or whatever.

Bouleversee (who understands b. all about computers)

[apad] 06/3/2015 17:25

Safari on a Mac is OK roddie.
apad

[roddiemac2] 06/3/2015 17:08

hello rivaldo,

It is impossible to read all the words in your posts
because they go beyond the page margin on the right,
and there is no facility to scroll sideways . Is
anyone else having this problem --?

[emeraldzebra] 06/3/2015 09:05

thanks Tday-----have to say they do sound quite spivvy on the phone !!

[rivaldo] 06/3/2015 07:26

Good coverage and management comment here:



"Seething-based Fendercare lands Royal Navy contract
08:00 04 March 2015
Stephen Pullinger

Norfolk-based Fendercare Marine has signed a significant contract with BAE Systems Naval Ships to supply rudder components and deck equipment for three new offshore patrol vessels (OPVs) being built for the UK Royal Navy.

The contract for BAE Systems Naval Ships includes rudder blades, rudder stocks, sleeves/liners for rudder stock, anchors and chain for the vessels.

Lara Griffin, Fendercare’s products division director, said the selection of their company by BAE Systems underlined the industry’s recognition of their abilities to provide a quality and value for money service and approach to defence contracts.

She said: “We have been dealing with the MoD for more than 15 years since we designed a lightweight fendering system with the Japanese company Yokohama.

“They are really important to us and we have been providing them with mooring equipment for a number of years.”

Design work for the contract is being carried out at the company’s headquarters in Seething where more than 130 staff are employed.

Production of the new OPVs started in October 2014 at BAE Systems’ facility in Govan, Glasgow. The 90m OPV is based on a proven BAE Systems design which is already in service with the Brazilian Navy and Royal Thai Navy.

As well as supplying the MoD, the EDP Top100 company also supports navies throughout the world, winning a $29m contract with the US Navy in 2012.

Ms Griffin said Fendercare was continuing to see year on year growth - and a key factor in that was its diverse interests.

“When one side of the business is struggling another can be doing well. We are always looking at new businesses,” she said.

Three years ago the company invested more than £1m in a new Great Yarmouth base with an eye to supporting the burgeoning offshore wind industry with a workboat maintenance facility.

From its base in the Devonport Royal Dockyard in Plymouth, the company’s Naval Solutions division provides fabrication, welding and coating services for the MoD, having previously worked on nuclear submarines, warships and naval support vessels."

[tday] 05/3/2015 16:40

I have had dealings with Galvan and would not trust them, with even a penny of my money.

[apad] 05/3/2015 15:56

Thanks, em.
Had a look at the websites - I'll be all right after an hour or two in darkened room listening to Perahia playing Bach.
apad

[emeraldzebra] 05/3/2015 15:25

Strat aero is the 4th one.

[emeraldzebra] 05/3/2015 15:23

APAD - You might take a look at Galvan's tips for the year. there were 4 - - allied minds, lancashire holdings, internetQ, and another which reverting. All have done quite well - although Allied minds down a lot today on the back of mm's playfulness i think. i have bought none of them sofar - but will make a judgement at the end of the year to see whether should take more seriously in 2016.

[emeraldzebra] 05/3/2015 14:54

Having a nice run. considering how long they spent well into the 1300's/1400's through 2014, and all in a lower FTSE market, and without the positive developments within the Company, reported in the last updates, - feel the mkt has been undervaluing these, and there might be more to come in the short term.

[rivaldo] 05/3/2015 07:41

Nice summary of the results here, but in particular the CEO's comments which hint at further acquisitions:



Extract:

"Mr Henry said: “The group had a further year of consistent growth with underlying operating profit increasing by 11 per cent to £51.5m.

“The strong result underlines our broad geographic spread and range of specialist services across diverse marine sectors.

“James Fisher is well placed to invest organically and to take advantage of further acquisition opportunities.

“Our dividend has increased for the 20th year in a row. The number of companies who can say that is very small.

“That shows the strength of Fishers and we hope that that’s set to continue."

[apad] 04/3/2015 08:39

Got fed up with my dithering and joined the FSJ club this morning.
Sometimes I think that the longer a share is on the watchlist, without a change in the storyline, the more I'm likely to buy it - perhaps that's what watchlists are for?
My HTG purchase was well timed - finals tomorrow, might increase.
apad
ps
IC tips make me wary:-) E.g. Simon Thompson's Quindell tip.

[rivaldo] 04/3/2015 08:14

Nice article in the IC, concluding with a Buy rating - hopefully Friday's print edition will bring in further interest:



"IC view

These results are a credit to the diversity of James Fisher's cash flows - a model that keeps it largely insulated from major swings in market conditions. After a pullback, the shares are trading on a forward PE ratio of 15, which looks an attractive entry price, given the company's strong record. Buy."

[rivaldo] 03/3/2015 11:01

Nice - Panmure Gordon have upgraded to Buy from Hold, and have an increased 1500p price target (from 1300p):



"James Fisher & Sons plc Upgraded to Buy at Panmure Gordon (FSJ)

Posted by Seth Barnet on Mar 3rd, 2015 // No Comments

James Fisher & Sons plc logoPanmure Gordon upgraded shares of James Fisher & Sons plc (LON:FSJ) to a buy rating in a research report released on Tuesday morning. Panmure Gordon currently has GBX 1,500 ($23.12) price objective on the stock, up from their previous price objective of GBX 1,300 ($20.03)."

[emeraldzebra] 03/3/2015 10:10

v nice results and my £15.00 target might be achievable within 2015. A very solid outfit operating in pretty specialised markets should send them on their way i would hope.

[rivaldo] 03/3/2015 08:15

Excellent results - the 79.2p reported EPS and the 74p diluted is well ahead of consensus 73.52p EPS, and the 22p dividend is right on target.

The outlook statement is also nicely positive, despite the expected downturn in offoshore oil, which FSJ state doesn't affect them too much given their involvement in production and development rather than exploration and appraisal.

Gearing remains reasonable, so plenty of room for further acquisitions as well as today's purchase.