Fisher (james) & Sons Share Discussion Threads

[emeraldzebra] 24/11/2015 13:17

seems like the chart ready for a bounce....

[roddiemac2] 23/11/2015 23:31

Yes , a typical day`s trading ,in recent weeks, has predominantly been made up of very small trades:day traders. This is taking place against a background of nervous stock markets: QE having only addressed the symptoms .

[emeraldzebra] 23/11/2015 15:04

not sure - i must admit. trading patterns seem to be characterised by v small volume sales designed in part to knock it down. Might be mistaken - but thats what it looks like.

[phillis] 23/11/2015 14:09

What % is stock on loan?

[emeraldzebra] 20/11/2015 12:43

seems an abysmal share price for an outfit seemingly doing so well (from what i hear) - outside of its oil connected activity. Seems it's a favourite whipping boy for the short sellers and - overall - i would suggest grotesquely undervalued. Jump aboard.

[tipster29] 16/11/2015 14:26

Good price to get in

[emeraldzebra] 04/11/2015 13:14

and weir group numbers not as grim as perhaps was feared.

[market sniper1] 28/10/2015 13:55

here here. Look way undervalued, given they are forecasting a strong 2nd half.

[emeraldzebra] 28/10/2015 13:47

shares seem to be priced at a v undemanding rating and would hope that they should push to the mid 10.00's from here.

[market sniper1] 27/10/2015 13:20

FSJ James Fisher , Shipping and marine services.

FSJ, J Fisher,double bottom on chart , 2nd half forecast to be stronger than 1st half, Trading Update early NOV.



Outlook

Our Specialist Technical businesses are leaders in their respective niches with good prospects in the defence, hyperbaric operations and nuclear sectors. Our Marine Support division's project management capabilities have been strengthened by our recent acquisitions and we see exciting new opportunities in Southern Africa, Brazil and in offshore renewables in Europe. Our Offshore Oil businesses remain competitive and well managed and will benefit from an industry wide resumption of repair and maintenance expenditures which can only be postponed for a limited period.

Looking ahead, we expect to see a stronger second half with good trading continuing in Specialist Technical and Tankships reinforced by a resumption of growth in Marine Support. We continue to be well positioned on a number of significant contract bids across these divisions. In Offshore Oil we have scaled our businesses to meet current conditions in the oil & gas sector while remaining alert to the new opportunities that a tougher environment will surely bring.

Overall the Board remains confident in the continued robustness of the Fisher business model and anticipates that performance in the second half of 2015 will be slightly below the comparable period last year but significantly stronger than the first half.

[eggbaconandbubble] 11/10/2015 08:15

Questor in the Sunday edition warns against 'Oil Services'

[roddiemac2] 09/10/2015 11:22

No idea , but Schroders hold in three separate accounts and have frequently top sliced or added , sometimes moving between accounts. They have been sizeable holders for longer than I can remember , and that is what is significant: very shrewd .

[roddiemac2] 07/10/2015 18:55

Schroders have added 23,604 shares to their holding since 29/10/15 , taking advantage of recent lows. This brings their holding to 11.015% and typifies how they add or top lop their position as the price fluctuates.

[illiswilgig] 01/10/2015 19:19

Sadly all the writers who used to be respected at TMF have moved on and the management has clearly decided to downgrade to 'listicles' more suited to twitter than responsible financial journalism. A quick look at the website will show you what I mean.

I believe a listicle is an article which is based upon a list of comparisons - should be quite possible to computer generate and might be more accurate!

Probably works ok for the FTSE100 but in the FTSE250 they do seem to come unstuck as I doubt that management allows much more than 5 minutes for the writing of each article,

cheers

[bouleversee] 01/10/2015 14:27

Of course, I would pick the day they go ex-div (with no corresponding fall in s.p.) to top up.

I might see if I can get roddiemac's earlier post about FSJ's activities etc. to Royston Wild. He needs educating.

[roddiemac2] 01/10/2015 13:32

The writer of the misleading article is one Royston Wild. Anyone using the Motley Fool might point out that he has made himself look like one. ---Question everything you read .

[illiswilgig] 01/10/2015 11:13

Not only does FSJ not build rigs they also stressed at the recent interims that their oil related activities are primarily maintenance and production related rather than upstream exploration.

FSJ expects maintence spend to increase in the short term as it cannot be postponed for long.

FSJ currently trading at 14.5 x forecast earnings for the current year.

Fine for a company with limited long term growth prospects but it significantly undervalues FSJ in my opinion.

Trouble is in the short term the share price might do anything.

[roddiemac2] 01/10/2015 08:08

bouleversee,

Quite apart from the oil price, we have nervous stock markets. The problems that caused the crash in 2008 have not gone away: credit bubbles and inflated asset prices .(Just look at property in the UK: crazy: a rigged deck )

Fair value ? A better question might be -at what price would I top up ? I would be very tempted at 900p, and if markets crashed I would be a big buyer.

I see FSJ as a well diversified company , both geographically and in terms of its services and products. Some of the group companies operate in high growth markets.

FSJ has not fallen into the trap of being too centralised.They don`t interfere too much with the daily running of group companies, but back them with their financial muscle and experience, and benefit from Synergies . The organisation is therefore flexible and can adapt quickly.

[bouleversee] 01/10/2015 05:32

Roddiemac -

Many thanks for that very informative post. Fantastic company really. Makes one wonder even more why they have come back so much. I suppose they had just got a bit ahead of themselves but though the eps were down in the interims, not disastrously so, and other aspects were up so the drop seems unjustified. Am going to buy more in my ISA and then sell some non-ISA when the share price recovers which I feel sure it will in due course and it might be a good time to give more to the grandchildren; the last lot hasn't done them much good so far. This volatile market would turn me into a trader if I had the time but I haven't so will just sit it out in most cases. If it's not too daft a question, what do you think a fair value price for FSJ is? I suppose we need a crystal ball to see the finals.

[marvelman] 30/9/2015 21:52

Yes dlku do keep up the good work.....although Roddie's two posts may help you to better your approach.

[roddiemac2] 30/9/2015 21:23

dlku,

Thank you for your well argued post.

[roddiemac2] 30/9/2015 21:17

These are the companies in the Fisher Group---

Group companies
Divex, Fendercare Marine ,Fisher Offshore, James Fisher Aerospace, James Fisher Defence, James Fisher Everard, James Fisher Marine Services, James Fisher Mass Flow Excavation, James Fisher Mimic, James Fisher Shipping Services, James Fisher NDT, James Fisher Nuclear, James Fisher Rumic, Maritime Engineers, Osiris Marine Services, Prolec, RMSpumptools, Scan Tech, ASScanTech Offshore, Scotload, Strainstall, Subsea Vision, Testconsult, Subtech Group ,National Hyperbaric Centre

To the best of my knowledge , none of these is engaged in rig building. They do, however, provide a very diverse range of services, not all dependent on oil.

[roddiemac2] 30/9/2015 20:47

bouleversee,

An exert from the article ----

" I believe a reading closer to the bargain barometer of 10 times would be a fairer reflection of the risks facing the rigbuilder."

I was not aware that FSJ was a builder of rigs ! It seems the writer either knows something I don`t or simply has not done his or her homework : best ignored.