Fisher (james) & Sons Share Discussion Threads

[tintin82] 30/4/2015 08:28

Hey Roddie. Totally agree, hard pushed to fine another constituent as good as FSJ. I just think that this lastest statement will put the wind up some who will cash out leading to a retreat in the short term. Long term I am in no doubt about FSJ bright future. Just looking for a re entry point!

[roddiemac2] 30/4/2015 08:10

tintin82,

It is a great company with excellent management. Apart from the Offshore oil, they are operating in all the right markets.I wish I could find another company that looked so certain to do well long term.

[apad] 30/4/2015 07:55

I only have a small holding and have £10 as an increase level, so am pleased about the market reaction, however I don't expect the fall to be maintained. It is instructive to compare the market reaction to WEIR's rns yesterday, where i was also looking to increase after the rns. I guess the market was relieved WEIR didn't issue a profit warning.
apad

[emeraldzebra] 30/4/2015 07:55

clearly disappointing trading statement short term - but good further forward - so am looking to add. i think a tenner would look grossly over - sold and i would only think 1100 is a 50/50 possibility. Hoping to top up at around 1150.

[tintin82] 30/4/2015 07:40

I sold out after the last results, at around 1260. Sold for no other reason than needed the cash elsewhere and felt FSJ where right on price target. Watching closely and looking to re enter at the 1000 level. Great company with excellent management.

[roddiemac2] 30/4/2015 07:40

I am not inclined to sell .I still see long term growth here. Depending on how far the shares drop , I may buy more.

[rivaldo] 30/4/2015 07:29

I sold this morning in tranches straight after the bell. Bit of a wrench after all this time....

I was surprised at the extent and effect of the prior year one-off contracts, and the lower H1 profits will not look good and will put FSJ on a pretty high rating.

The share price could drift back to 1000p (or lower if the oil price environment continues to be weak), so best to protect quite large profits after what's been a great run.

I'm sure I'll be back in at some stage as FSJ will bounce back, but that may not happen for another 8-9 months.

Good luck all, particularly roddiemac.

[roddiemac2] 30/4/2015 07:07

Trading update and AGM statement--

The Board of James Fisher and Sons plc ("James Fisher") today issues its Trading Update for the period from 1 January 2015 prior to its Annual General Meeting to be held today at 12.00noon.

Our Marine Support, Specialist Technical and Tankships divisions have commenced the year trading in line with management expectations. Offshore Oil has had a slow start, particularly in relation to last year when the division was boosted by major one-off contracts in Brazil.

Our Marine Support Division has seen some recent improvement in STS volumes and we expect to see an increase in our project revenues, particularly in the second half. Specialist Technical continues to make good progress with the delivery of its strong order book and we are well positioned on a number of significant contract bids. Our Tankships division is maintaining the positive performance of recent years.

Offshore Oil has experienced weaker market conditions, particularly in Norway as reported previously. The current round of restructuring in the oil industry has slowed customer decision making and contract awards generally.

Overall, given last year's one-off contracts, we would expect this year to see a lower first half with a stronger second half boosted by an improved performance in Marine Support and continued good trading in Specialist Technical and Tankships. The board believes that James Fisher continues to be well placed to provide further growth and value for its shareholders.

[rivaldo] 29/4/2015 11:26

More good news - a world first from FSJ's Strainstall:



Extracts:

"Intelligent Fender System Completes Offshore Trial
Posted by Eric Haun
Monday, April 27, 2015

Strainstall, part of James Fisher and Sons plc, announced the completion of the world’s first Intelligent Fender System (IFS) trial with energy companies SSE and RWE at Suffolk-based wind farm, Greater Gabbard.

The IFS is an in-house developed technology which aims to provide accurate and recordable data to improve safety and increase operational efficiency for vessel and offshore wind farm operators during transfer operations. The Greater Gabbard trial enabled Strainstall to verify IFS’s performance in the accurate monitoring and reporting of vessel push-on forces against offshore wind turbines."

"Trials were carried out utilizing James Fisher’s offshore support vessel, Dart Fisher, which was retrofitted with IFS earlier in 2015 and is now reportedly the only vessel operating worldwide with this technology. IFS will be able to provide clarity and understanding of the live and cumulative impact forces exerted during transfer operations through vessel push-ons, Strainstall said.

Highlighting the success of the trial Simon Everett, managing director of Strainstall, explained, “Up until this point there has not been any accurate real-time data to help support operators to monitor the forces being exerted, so this is an industry first. IFS now allows them to have very accurate records of real-time date that enables operators to efficiently manage their assets”. "

[rivaldo] 28/4/2015 08:09

Looks like FSJ have just acquired a bargain from the administrators....



"James Fisher Offshore buys Specialist Subsea Services Limited assets

The assets and intellectual property of ROV and offshore survey company Specialist Subsea Services Limited have been sold to James Fisher Offshore.

Blair Nimmo and Geoff Jacobs of KPMG LLP were appointed as Joint Administrators of Specialist Subsea Services Limited on 25 February 2015.

The Company’s key assets were five ROV’s and a significant amount of subsea survey equipment.

Immediately following the appointment, the administrators implemented an accelerated marketing process for the business and assets.

Following the closing date for offers, James Fisher Offshore Limited was awarded preferred bidder status for the Company’s assets on 20 March 2015.

Certain assets were situated in various locations across Europe. This additional complexity necessitated significant time and effort to be invested by all parties involved to achieve the optimum transaction structure.

Following the period of exclusivity, the Company’s assets and intellectual property only were sold to James Fisher Offshore Limited on 17 April 2015.

Blair Nimmo, joint administrator and head of restructuring for KPMG in Scotland, said:

“We would like to thank everyone involved for their significant efforts in helping to deliver this outcome. We are very pleased to have concluded the sale of these assets to James Fisher Offshore which will provide the best outcome for the Company’s creditors and may also generate the opportunity for future employment. We wish James Fisher Offshore every success for the future.”"

[illiswilgig] 24/4/2015 18:09

Nice....might be a bit of an understatement.

I remember the loss of the UK contract being a bit of a blow but Fisher stuck at it and slowly built a great product. Now they have a clean sweep I think?

cheers,

[emeraldzebra] 08/4/2015 11:02

couldn't explain the (rather sharp) downturn at all. seemed more to it than mere profit taking and there seems to be nothing but decent news in the pipeline.

[rivaldo] 07/4/2015 10:56

Rising nicely - good timing emeraldzebra.

Fendercare carried out the first ever ship-to-ship transfer of liquefied natural gas (LNG) in Gibraltar:

[emeraldzebra] 02/4/2015 07:46

Bought a few more at 1285
yesterday

[roddiemac2] 01/4/2015 15:51

Neorolodger,

it is probably a mistake to to try. markets can be " illogical " ,
particularly in the short term.

[neurolodger] 01/4/2015 15:42

Can't understand the slow downward slide despite good fundamental

[emeraldzebra] 01/4/2015 09:23

p/e still seems v undemanding

[emeraldzebra] 01/4/2015 07:40

yes - bit disappointed (and surprised) - however an opportunity to top up which i did at £13.44 - a bit early.

[deadly] 30/3/2015 11:42

Come off quite a bit the last week despite the favourable news.
SO I bought back some of those I sold at over 1420.
Goes XD in a few weeks

[gucci] 24/3/2015 10:27

hopefully start of next leg up

[rivaldo] 23/3/2015 08:35

Looking at growth in the UAE and surrounding area:



And FSJ's offshore support boat has evidently been so successful that they're looking at getting a second one:

[emeraldzebra] 20/3/2015 09:14

v good ! every chance they will be testing the £15.00 level soon i would hope - and possibly a bit more. steady away - the ship looks to be on an even keel.