Fisher (james) & Sons Share Discussion Threads

[phillis] 02/3/2016 08:15

Ok value below £10

[suetballs] 02/3/2016 07:18

Full year results look more than ok to me. Dividend up too.
Suet

[roddiemac2] 09/2/2016 00:05

illiswilgig, I agree with you.

here are the last two posts on another site-- The most recent is mine--

10:57 08/02/2016 pending results
The shares are down with the general market, but in small volume. if markets continue to decline , (a distinct possibility), few shares will escape the carnage. However FSJ is a well diversified company with long term growth prospects . We have been forewarned about the short term. It is not wise to presume anything in this game . Depending on results, I might add beneath 900p.

12:12 04/02/2016 J Fisher
I presume that investors are nervous about the full year results. Are they right to be nervous?

[illiswilgig] 08/2/2016 14:10

Quite right gucci - I topped up when it hit 950p a few months ago and am happy to hold.

Article in the DT today that upto 1/3 of UK oilfield service firms could be wiped out resulting in lots of attractive opportunities for acquisitions. The firms that remain standing are likely to emerge in better shape for the future. Leaner and more efficient in albeit a smaller market but with far fewer players.

FSJ cashflow from its diversified businesses (particularly its tankships) makes it one of the few firms that can take advantage (and has already been doing so).

In the short term the share price suffers from being associated with the oil services sector as well as the general market markdowns. In the longer term when the demand for oil support services picks up again then FSJ stands to do very well having reinforced its leading positions in various technologies.

Meanwhile nothing in the current prospects of the company has changed significantly or we'd have a trading update (now there is a hostage to fortune of a statement if ever!)

cheers

[gateside] 05/2/2016 16:02

I have dated the link in the Header

[gucci] 05/2/2016 12:23

might buy back if i get 950p

[roddiemac2] 04/2/2016 18:57

hxxp://www.james-fisher.com/investors/

[bouleversee] 04/2/2016 16:13

I thought I'd use the link to Fisher's website at the top of this page, but it doesn't seem to work.

[roddiemac2] 04/2/2016 15:23

Less than a month before results , then you will know how they are doing.

[gucci] 04/2/2016 14:46

Almond the same dip today

[bouleversee] 03/2/2016 16:24

Wonder why that was. Not done very well in the past year.

[gucci] 03/2/2016 16:12

sharp dip to 970p at 11 today

[emeraldzebra] 05/1/2016 10:59

thanks vm Roddie. A very Happy and profitable year to all.

[roddiemac2] 01/1/2016 19:05

Emerald,

No news that I am aware of, but as long term investors here have already seen ,the real money is usually made long term. In an uncertain world ,FSJ looks to have good long term prospects.

A happy and prosperous new year to all of you.

[emeraldzebra] 31/12/2015 10:58

er, Wow. anything in particular behind quite a bounce ? i am a sleepy dinosaur so probably havn't noticed some news.

[emeraldzebra] 01/12/2015 12:43

i think the shorters / programme traders have distorted things somewhat. Rating just seemed over much on the low side in the low 900's.

[illiswilgig] 30/11/2015 17:32

Well,

that just shows why I am a long term investor and don't try timing the market! My buying opportunity certainly did not appear!

cheers

[emeraldzebra] 30/11/2015 11:18

thanks Roddie ! certainly the last few days have produced some good improvement which is encouraging.

[roddiemac2] 28/11/2015 11:56

emerald,

A few large buys on Friday suggest that you are not alone in thinking the bad stuff was priced in. Earlier this year, I said I would add if the shares went to 900p or below, and I have a large holding relative to my overall invested worth: the price did not quite get there. I, like you, am confident that the company will do well in the medium to long term.

[emeraldzebra] 26/11/2015 08:40

yes - but maybe the fact that the prognosis was at the ''lower end of'' and not ''below'' market expectations might lend a little stability in the medium term. Like to think the bad stuff is now priced in.

[illiswilgig] 26/11/2015 08:22

Oooops - spoke too soon.

Trading statement out this morning - and judging by the language they are still struggling with the offshore oil division.

'Revenue for the four months was 4% lower than the comparable period last year. Trading conditions in Offshore Oil continued to be tough, particularly in the Norwegian market. Our other three divisions performed well.'

and leading to the conclusion,

'With decisions on these contracts still pending, earnings for the full year ending 31 December 2015 are likely to be at the lower end of market expectations.'

Judging by digital look consensus yesterday that was 11% lower profit for this year.

Although this is not a major downgrade I suspect that the negative wording will spook the market and I predict a 'Buying Opportunity'

cheers

[phillis] 26/11/2015 08:16

apparently not

[emeraldzebra] 25/11/2015 11:54

illis - possibly about right - but my contention is that the downturn has been overdone espcially considering the non-oil segment which i think is doing well. The company also said that 2h would be better. let's hope.....

[illiswilgig] 25/11/2015 08:47

'ready for a bounce....'

maybe but I'm not expecting a serious recovery to start until the company has something positive to say. In absence of a trading update or more significant acquisitions then the results should be out in March.

That might not seem very positive - but actually I am positive that this company will perform well, it just takes time. There is no magic dust to sprinkle which can remove the gloom cast by the reduction in oil maintenance expenditure until the company stabilises this division and the oil companies restart their maintenance.



cheers