Fisher (james) & Sons Share Discussion Threads

[rivaldo] 26/4/2016 07:19

Morning - no probs mate, I've often done the same!

[illiswilgig] 26/4/2016 06:53

Morning Riv - my fault for going to get a coffee before pushing the submit button.

cheers

[illiswilgig] 26/4/2016 06:52

'James Fisher Nuclear awarded decommissioning contract for Winfrith reactor

James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary James Fisher Nuclear ("JFN") has been awarded a £60m contract by Magnox Limited to decommission the largest of the reactor cores constructed on the site in Winfrith, Dorset.

The contract is to design and deliver a facility to segment and package the reactor core of the redundant Steam Generating Heavy Water Reactor (SGHWR) over a four year period'



As far as I remember Winfrith is a research site so it's not the same scale as the main magnox sites, but nonetheless an impressive win for JFN. I think possibly the first time JFN has been awarded a contract directly (rather than as a consortium member or subcontractor)? With more nuclear power stations being decommissioned in the coming years this will be a growth industry for a while to come.

cheers

[rivaldo] 26/4/2016 06:43

Nice - a new £60m nuclear decommissioning contract win, and guaranteeing revenues over the next 4 years:

[rivaldo] 13/4/2016 15:15

Is there an echo in here? :o))

[rubberbullets] 13/4/2016 13:49

Panmure Gordon 1570p target

[rivaldo] 13/4/2016 13:08

In addition to the above, Panmure have increased their price target today to 1570p (from 1300p) and say Buy:

[thomasthetank1] 13/4/2016 13:01

Read Panmure's note on James Fisher (FSJ), out this morning, by visiting www.research-tree.com …
“James Fisher, the specialist marine and engineering business, has finally secured the Indian Navy sub-rescue contract (worth £193m over 28 years). The contract highlights FSJ’s unique capabilities in marine engineering; its ability to secure long term contracts and demonstrates how it is able to deliver strong organic growth. Moreover, the deal further reduces its oil price exposure (which was only 22% of FY15). We are increasing our FY16 and FY17 PBT estimates by 4.8% and 8.1% respectively…”

[emeraldzebra] 13/4/2016 12:13

Still looking pretty good Roddie.? In related segment - i am keen on Clarksons/Braemar too, and have been adding both gently.

[roddiemac2] 23/3/2016 21:57

The above amply demonstrates FSJ`s strength in diversification.

[roddiemac2] 23/3/2016 21:43

Nice contract:-

James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary JFD Limited has been awarded a £193m contract by the Indian Navy for the long-term provision of its submarine escape and rescue capability. The contract entails the design and production of two complete submarine rescue systems for £83m by December 2018 and will be assembled and produced at JFD's Inchinnan facility, near Glasgow, UK. A 25 year in-service support contract covering all aspects of the operation and maintenance of the system will commence when the vessels are put into service in India.

Two complete submarine rescue systems will be delivered to the Indian Navy including Deep Search and Rescue Vehicles (DSRV), Launch and Recovery Systems (LARS) equipment, Transfer Under Pressure (TUP) systems and all logistics and support equipment required to operate the service.

Nick Henry, Chief Executive Officer of JFS, said:

"As the global leader in submarine rescue services, James Fisher has been awarded the contract by demonstrating, through its work with the Royal Navy, the Australian Navy and the Singapore Navy, a commitment to the safety of the global submarine community over many years. We look forward to working with the Indian Navy at the start of this long term relationship

[emeraldzebra] 23/3/2016 15:35

and again. Phew !!

[emeraldzebra] 21/3/2016 08:45

another nice leg up today....impresssive stuff.

[emeraldzebra] 14/3/2016 16:01

thanks vm Roddie.

[emeraldzebra] 11/3/2016 13:41

seems to be a much steadier tone on this one. Reassuring numbers helped. Any more views out there please / Tks.

[roddiemac2] 02/3/2016 19:05

dlku 30 Sep'15 - 20:59 - 1538 of 1595 0 0

650p

[roddiemac2] 02/3/2016 17:21

dku,

It would be nice to hear your reasoned mathematical argument for £14 ------?

[dlku] 02/3/2016 15:41

few sells coming in at £11

[dlku] 02/3/2016 15:40

but its nice to have a proper valuatioon, and £14 is where i think this will get to quicly

[roddiemac2] 02/3/2016 15:02

dku,

As someone who believes FSJ may be the share I can hold for a lifetime, I have little interest in short term price movements except to occasionally top slice or add as the opportunity presents . I have held FSJ for fourteen years. It only takes one good investment idea to transform a portfolio, and FSJ has already done that for me. I have been overweight in these from the outset. The real money is invariably made long term; strange then that so many funds only hold a share for about two years. That seems about the average length of time that applies.

[emeraldzebra] 02/3/2016 13:26

a welcome thought...

[dlku] 02/3/2016 13:12

should get to £14

[emeraldzebra] 02/3/2016 11:56

positive stuff. i think with the increased divi and better sentiment - perhaps little to stop this getting well into the £ 11's/12's. now

[roddiemac2] 02/3/2016 09:07

The Galloper Wind Farm contract should lead to more business once complete. Considerable investment is being made in Lowestoft to enable the port to handle the increased workload .

At the end of October last year it was announced ---
"The European Investment Bank, Europe’s long-term investment institution, has agreed to provide GBP 225 million for the Galloper Wind Farm Ltd (GWFL) to be constructed 27 km off the Suffolk Coast. Once operational the offshore wind farm will be capable of providing enough clean energy to supply up to 336,000 homes from 56 of the world’s largest wind turbines. The project also represents the UK’s first pre-construction offshore wind project finance deal."

[roddiemac2] 02/3/2016 08:43

Have not had time to read results thoroughly, but whilst the damage in the Offshore Oil division has been greater than expected ( Underlying operational profit in the division down from £22.4m to £ 7.4m ) , FSJ`s strength in diversification shines through.

More when I have studied the figures in more detail: meanwhile , happy to hold .