Fisher (james) & Sons Share Discussion Threads

[wolf of wall street] 25/8/2015 15:46

shame we didnt get into positive ground today.

[tintin82] 25/8/2015 15:44

Thanks Phillis for that very informative and well thought out post. You have clearly researched FSJ thoroughly as your words are truly compelling and really challenge the bull case on all levels. Bravo. Please let us know any other nuggets of indispensable information that you may share with us, as I think all will agree this is wonderful.

[phillis] 25/8/2015 15:39

still well overvalued at 60p EPS annualised

[roddiemac2] 25/8/2015 15:04

Many stocks I am watching are up between 3 and 5% today after recent falls: little logic in that ; I have seen it all before . This sort of short term volatility enables the small investor to buy appreciable amounts of stock relative to their overall worth, when institutions are not able to do the same .

FSJ still looks like a company to hold for life . having top lopped or added several times since first investing , my stance is unchanged ---HOLD .

[mr_spock] 25/8/2015 14:11

This is a business with a great niche and barriers to entry and I've been waiting to get back in here, but quick calculation based on average of underlying diluted eps for H1 2012/13/14 implies H1 accounts for 46% of full year eps.
So best guess for full year eps (H1 29.5p) could be around 63.8p?
At a price of 985p this would equate to a PE of 15.4.
Maybe not a massive bargain given the current unpredictable situation in oil.

Accept this is a share for the long term. It's just a matter of timing.

[apad] 25/8/2015 13:29

Compare the graphs of FSj and HTG over different portions of the last year, b.
I reckon it's 'cos FSJ has been holding up better than other (perceived) O&G service stocks.
apad

[bouleversee] 25/8/2015 13:23

Why do you suppose many/most other shares have gone up today but Fisher has gone further down?

[bouleversee] 25/8/2015 11:19

Well done on both counts, Roddiemac. Two thousand shares is quite a lot to add wshen already overweight. Shows great confidence. Might add a few more myself. Also overweight as a family so a big drop on paper for us. The ones I gave my grandchildren are well under water.

[roddiemac2] 25/8/2015 11:02

Up late this morning ---Involved in saving someone`s life last night.

I am overweight in these , but have added two thousand a few minutes ago. Markets are seldom logical. Our own ideas are often the best.

[illiswilgig] 25/8/2015 09:12

I agree, good results under the circumstances.

I like the way that they continue to make targetted acquisitions in a distressed market - in the long term they are preparing for future growth.

Very good result from Tankships,

I have enough of these already but I bought a few more for the longer term this morning.

[apad] 25/8/2015 07:57

I've just taken the acquisition out of the cashflow statement and now I don't understand the market reaction to the results. We're all holders, I guess, so who can explain the reaction?
I'd be choosing to add if I had free funds but the market response might put me off.
Divvy increase and an attractive PER. Puzzling.
apad

[redartbmud] 25/8/2015 07:36

Jumped on board today. On my watch list for some time. We are in difficult times at present. That makes decision making difficult, but I decided to accept the short term risk for the long term gain.

[tintin82] 25/8/2015 06:33

Happy here. Specialist Technical division really firing on all cylinders, and this is where FSJ future is for sure. As stated I hoped the other divisions would cushion the oil divisions loss, but this is great, in excess of what I was hoping for.

[suetballs] 25/8/2015 06:08

tintin

Good call - results today aok and Board still confident about the future.
A sound company and great management.

Suet

[tintin82] 24/8/2015 13:07

Back in today. Probably risky with the results tomorrow, but happy enough, hopefully the other divisions will offset the oil loss. If not no worries, long tern niche growth at a now value price.

[emeraldzebra] 06/8/2015 12:24

talking of institutions - am more than a little surprised that THEY are not using THIS opportunity to fill their boots - but i guess FSJ might be tricky to take on in any decent volume that would be needed.

[emeraldzebra] 06/8/2015 11:12

yes - i have exactly the same feeling....also reckon - from the trading patterns that the share is being shorted more than it ever used to be.

[roddiemac2] 05/8/2015 19:01

A host of small traders appear to be active in this stock. the average trade today was for less than 500 shares, but the bulk of the trades were much smaller than that. This pattern of trading has persisted as the shares fell from 1360 on 31/7/15. There is no evidence to me that such traders are particularly switched on . I am assured by more than one broker that most small traders don`t make money.
If there was evidence that institutions were dumping, there might be cause for concern, but there is no such evidence.

[apad] 31/7/2015 07:28

em
It's not a total parallel, but all the O&G dependents are under the cosh. WEIR results worth a read, maintaining divvy and possibly put a floor under the price.
I was startled to find that ELM was more dependent than I thought. I DIDN'T INCREASE FSJ WHEN IT FELL BELOW MY TRIGGER PRICE (sorry about caps) because of the RDSB results/big companies reporting China slowdown/ this second phase of oil price weakness/Iran. I.e. no rush. There will come a time when the market starts to anticipate an oil price rise and that will lift all boats, but it may easily be a year ahead. I increased my RSW on the results because of no oil price dependency, but was tempted by FSJ (currently nursing 14% loss).
apad

[emeraldzebra] 31/7/2015 07:08

thanks Roddie....i am just a bit lost for words on what is causing such a steep decline here....i think there must be some 'shorters' out there....i am not sure i really see a total parallel with the Weir group as mentioned above. Let's hope for better things anyway.....

[roddiemac2] 30/7/2015 23:45

emeraldzebra,

Why not bundle in?---- The question investors should be asking is " How are leaders going to provide for increasing populations with ever decreasing natural resources ? " They will not do it by slight of hand/ printing money. At the risk of boring everyone, the sea is the last frontier, and FSJ is well placed to profit from the inevitable ( IMO) increase in activity on and under the sea: too simplistic ? ---wait and see.

It will take a lot more bad news to shake me out.

[emeraldzebra] 30/7/2015 13:04

(i have no patience at all)

[emeraldzebra] 30/7/2015 13:03

bundled in again at 1096 - agghhh

[emeraldzebra] 30/7/2015 12:51

thought it was looking cheap when it hit 12.50 on the way down !!