Fisher (james) & Sons Share Discussion Threads

[tintin82] 30/7/2015 12:03

Sold out earlier in the year, looking good to get back in around the 1000 mark. Quality outfit, just a tad over priced

[emeraldzebra] 29/7/2015 15:48

what miserable performance....my profuse apologies to anyone that has followed my recommendations on this one over the last couple of years....way over done in my opinion - but let's see. I hold on in hope of better things.

[apad] 24/7/2015 08:56

HTG also.
The introduction to GDWN results out today is well worth a read. Perfect clarity as usual.
apad

[bscuit] 24/7/2015 08:49

The "read across" from WEIR's woes is marked.

[emeraldzebra] 24/7/2015 08:22

i was just going to comment that the p/e looks very undemanding----but take your point about sluggish oil side - much as in my view - too much emphasis is being attached to this side in FSJ's case in the share price

[rivaldo] 24/7/2015 08:10

FSJ have already stated that this year's H1 results will be worse than last year's. Offshore Oil will obviously be suffering in particular.

Investors are selling off in anticipation of these results in late August, particularly as FSJ are on a reasonably high P/E of 16 or so. This was fine when FSJ were on a growth path, and was why I was happy to hold, but now that the outlook is uncertain - FSJ have to deliver on their promise that H2 will recover the H1 decline - the valuation looks somewhat stretched.

Happy to buy back in if and when the numbers look better as FSJ is a good company, but will wait on the sidelines for the moment.

[emeraldzebra] 24/7/2015 07:32

again - no idea what's going on here. Hear only good things from my contacts in the James Fisher game.

[emeraldzebra] 16/7/2015 13:22

many thanks. i am a holder () and a sticker too !

[illiswilgig] 16/7/2015 13:05

It's a waiting game with James Fisher at the moment in my view. Plus there is not much news around at this time of year anyway.

If I was impatient I'd be tempted to play elsewhere but I rate the management at Fisher and you never quite know when they may pull another rabbit from their hat so I'm happy to wait.

cheers

[emeraldzebra] 16/7/2015 12:43

any gossip ? not many posters here.....

[emeraldzebra] 13/5/2015 09:43

Was - (yet again !) quite surprised by another over reaction to a trading statement that suggested at the very worst - a ''slow now but better later'' scenario. Quite how this could cause a near 20 per cent mark-down in the share price beats me completely -maybe there were some ''shorters'' in the frame. But as suggested here we were presented with a v nice opportunity to top up.....which i think most of the main players here have duly done !

[apad] 12/5/2015 08:52

Sorry I wasn't clear Roddie,
I am looking to increase my FSJ holding and so I welcome share price weakness.
I am not a trader and intend to hold a company very long-term, unless the story changes, so share price weakness is very welcome.

SPX is another 'stalwart' that reacted badly to news. I'd like to increase at £30.

Roll on a GREXIT,
apad

[illiswilgig] 12/5/2015 08:34

Can't even spell this morning - I mean't 'roddiemac'

Thank you for your kind comment!

Strangely, or perrhaps 'contrarianly' I am now very bullish long term for FSJ as it takes advantage of the current upheaval in highly specialised technical niche markets.

Much more bullish than I was when the oil price was high and FSJ's shares were riding higher.

I do mean long term. 10 years plus. I see massive payback and massive growth from the current consolidation within the industry.

It is all down to the management team. Current market cap of FSJ is 630M. Plenty of scope for growth within a consolidating industry with an established management team that has the experience to get it right - not easy - most management teams don't get this right. FSJ's track record speaks for itself here and at the moment I can't see a better management team to back,

cheers

[roddiemac2] 12/5/2015 08:28

APAD,

What does not look too hopeful ?

[illiswilgig] 12/5/2015 08:23

Roddimac - sorry I was still composing my message and ended up duplicating your post.

cheers

[roddiemac2] 12/5/2015 08:22

deadly,

In FSJ`s case , I don`t think the election results have anything to do with the share price performance. The shares are quite tightly held ,and the majority of trades in recent days have been small. I hold more than were traded yesterday.

illiswilgig`s post above sums the situation up nicely ( last two paragraphs )

I have said it many times before --the sea is effectively the last frontier.

[apad] 12/5/2015 08:11

I was surprised a the bounce too. Uninspiring trading statement, so I pencilled in an increase price of £11, to take advantage of FSJ taking advantage of the low oil price to buy in companies.
Doesn't look too hopeful, does it :-(
apad

[deadly] 12/5/2015 07:57

Bounce back after the TS has been much stronger than most expected. Election results did wonders for some reason.

[illiswilgig] 12/5/2015 07:36

The acquisition flow continues today with the announcement of the assets and IP of X-subsea:

JAMES FISHER AND SONS PLC (FSJ.L)



ACQUISITION OF ASSETS AND INTELLECTUAL PROPERTY FROM

X-SUBSEA UK HOLDING LIMITED



James Fisher ("James Fisher" or the "Group") announces today the purchase of the assets and intellectual property rights of X-Subsea Holding Limited ("X-Subsea") for a total consideration of £14.8m. Headquartered in Aberdeen, X-Subsea went into administration on 27 April 2015 following the collapse of its Norwegian parent company Reef Subsea AS.



X-Subsea was a world leading designer and operator of specialised excavation, trenching and dredging equipment, which is rented and operated worldwide for subsea operations in the oil & gas, telecoms and renewable energy sectors. It was the main competitor of James Fisher Mass Flow Excavation, operating from bases in Aberdeen, Dubai, Singapore, and the Gulf of Mexico. Its equipment and tools, many of which are patented, are used in challenging environments to prevent damage to pipelines, cables, structures and the environment.



Nick Henry, Chief Executive Officer of James Fisher, said: "The transaction strengthens and consolidates our position in subsea services, and will enable James Fisher to become the global leader in mass flow excavation."



FSJ picks up the assets and IP of their main competitor in this market. The diversification of FSJ's business streams gives it more strength at the moment than companies more focused upon the oil and gas industries.

FSJ's management is very experienced in building their business through acquisitions and as the competition collapses FSJ seems to be relentless in taking advantage and picking up assets and companies that build it's position.

As the industry adjusts to the new normals FSJ will even better placed in it's markets.

cheers

[roddiemac2] 12/5/2015 07:29

Quite a sizeable acquisition announced today.----

James Fisher ("James Fisher" or the "Group") announces today the purchase of the assets and intellectual property rights of X-Subsea Holding Limited ("X-Subsea") for a total consideration of £14.8m. Headquartered in Aberdeen, X-Subsea went into administration on 27 April 2015 following the collapse of its Norwegian parent company Reef Subsea AS.

Nick Henry, Chief Executive Officer of James Fisher, said: "The transaction strengthens and consolidates our position in subsea services, and will enable James Fisher to become the global leader in mass flow excavation."

[roddiemac2] 06/5/2015 08:37

James Fisher ("James Fisher" or the "Group") announces the acquisition of the entire share capital of Mojo Maritime Limited ("MML" or the "Company").

The initial consideration is £3.2m in cash, plus potential future consideration of £0.3m if the earnings before interest and taxation are £0.65m or greater for the year ending 31 December 2015.

Founded in Falmouth ten years ago by Richard Parkinson, CEO, MML is a specialist provider of consultancy and design services in the offshore renewable energy sector. The Company is involved in foundation design, installation methodology and project planning, as well as designing and developing products, some of which have been patented, aimed at reducing risk and cost of working offshore.

Richard Parkinson and his team will all continue with the Company.

MML has a sub-contract with James Fisher Marine Services ("JFMS") for approximately £1.2m under which MML and JFMS are working closely together on the construction phase of the MeyGen Inner Sound tidal project. MML has also entered into a licence agreement with a company owned by the selling shareholders through which they will benefit from a one third share of licence fees for the construction of up to 10 high performance dynamic positioning vessels for offshore wind farm construction and maintenance.

Nick Henry, Chief Executive Officer of James Fisher, said: "The acquisition of MML will strengthen our expertise and abilities in servicing the offshore renewables sector. We are delighted to welcome Richard and his team to our Group."

[roddiemac2] 01/5/2015 17:22

Schroders have increased their holding by 514,927 shares to 6,778,838 ( 11.013% )
They have maintained a holding for many years, and have tended to top lop and add
as they see fit. From memory , their holding has never been lower than about 9% ( sometime in 2008 )

[bouleversee] 30/4/2015 11:04

I gave a tranche of mine to grandchildren on Apr 4 to use my cgt allowance. Might have known that would trigger a drop. Will buy more in my ISA if they continue to fall. Feel sure they will be OK long term.

[emeraldzebra] 30/4/2015 08:59

Talking of the election - heard yesterday from some who might be in the know - that the Cons will win with an overall Maj. Stranger things have happened but would be mildly surprised. i think y can get 7/1 on that one !

[roddiemac2] 30/4/2015 08:37

tintin82,

A re-entry point---worth bearing in mind that the whole market might tip down after the election. It is fairly quiet now.