Fisher (james) & Sons Share Discussion Threads

[emeraldzebra] 26/7/2016 14:36

hi Roddie - did you hear back re the currency situ ? thanks.

[emeraldzebra] 20/7/2016 09:09

i think it is also fair to say that clarksons and braemar are only distantly related sector wise. Fisher much more specialised and in more rarefied domaine.

[roddiemac2] 05/7/2016 17:06

rivaldo ,

I spoke with someone in the company this afternoon .I was told there was an announcement last week saying that recent currency movements would be beneficial( as you might expect): no RNS , so perhaps it was made to institutional holders-? I will try to get hold of Stuart kilpatrick or the house broker tomorrow

[rivaldo] 05/7/2016 12:56

Cheers roddiemac2. Prospects for FSJ remain good, but with the H2 weighting I wasn't particularly expecting FSJ to do so well, especially with the gloomy prospects espoused by sector constituents BMS and CKN. Those two obviously aren't directly comparable to FSJ, but I suppose sector nervousness could have played a part. Instead FSJ is ploughing its own path, which is good to see.

[roddiemac2] 05/7/2016 12:25

PS I have not yet looked at how currency movements will affect their earnings.

[rivaldo] 05/7/2016 11:07

FSJ's share price is performing amazingly well post-Brexit. Any opinions on why - perhaps to do with all those foreign earnings being worth more in sterling now? Must admit I haven't looked yet to see how hedged (or not) FSJ are.

[roddiemac2] 08/6/2016 09:13

With the EU vote looming, volumes are down across most of the market, and many shares are drifting. A vote to leave could provide a very good opportunity to buy FSJ at lower prices.

[nfs] 03/6/2016 09:09

Well the operating profit in year ended 2014 was 2.2m before the oil price plummeted, so not so crazy perhaps

[phillis] 03/6/2016 09:06

hardly worth £20m on the market cap!

[nfs] 03/6/2016 07:42

Nice little deal todayI saw the Plc presentation about 3 years ago and R2S was the jewel in the crown. Fisher have dived straight in to buy it

[emeraldzebra] 02/6/2016 07:38

thanks vm Roddie.

[roddiemac2] 01/6/2016 22:30

emerald,

One,---you can`t expect a shareprice to go up in a straight line forever.

Two,--- nothing has altered the companies prospects .

There is little point in worrying about short term price movements in a company that looks to have good long term prospects.

[emeraldzebra] 01/6/2016 11:49

thoughts on the recent weakness please ? ta.

[thomasthetank1] 28/4/2016 13:24

Read Panmure Gordon & Co's note on JAMES FISHER & SONS, out this morning, by visiting hxxps://www.research-tree.com/company/GB0003395000
"James Fisher, the specialist marine and engineering business, has issued a trading in-line AGM statement (covering the first four months of FY16). Recent contract wins set the agenda for a positive performance, with 2H16 earnings set to benefit as these projects commence. As a consequence, investors are looking beyond the recent turbulence caused by lower energy prices (which only affects 22% of revenues anyway) and are focusing on the double digit margins and double digit RoIC generated by the Marine, Specialist and Tankship divisions. ..."

[emeraldzebra] 28/4/2016 09:38

Many thanks indeed Roddie. It is nice to see this one apparently on an even keel again.

[roddiemac2] 27/4/2016 16:14

emeraldzebra,

As to your earlier question about where the share price might go, I don`t try to predict that. I am happy to be invested .We have a broker forecast of 1570p., but I don`t pay much attention to what these guys say. My overall view is that the company still looks capable of growing and increasing the dividend .

[emeraldzebra] 27/4/2016 10:19

Well done Roddy. Lucky you to be able to have a decent swim when the fancy takes you..... I am a Fulham man and i dare not take the plunge in to the Thames !!

[illiswilgig] 26/4/2016 16:13

Bouleversee - Yes I believe that Fisher have proven to be most adept at adapting to circumstances. I seem to remember that I originally invested in a clapped out shipping and port management company (Newhaven) with a few coastal tankers, a couple of cable ships, some junk bulk carriers, an RFA run under contract and an old second hand ROV to run as the UK submarine rescue service :-)

I am seriously impressed by the management. And I wouldn't mind another opportunity to buy in at 70p(ish) either!

With regard to offshore oil - as management have stated their operations are primarily maintenance rather than exploration. Maintenance can be postponed but not indefinitely so Fisher expect their offshore oil business to pick up again before the oil price does.

A low oil price will likely postpone a lot of exploration and mothball fields being developed but producers are likely to keep pumping to earn cash (as we see with world production increasing even as the glut grows). Even if some producing fields are mothballed installations have to be maintained - a reason why it's hard for the producers to stop pumping particularly when offshore. When offshore fields are decommissioned there is likely to be even more business for Fisher ROV's.

The Saudis should have diversified years ago as the Norwegians did. Their wealth fund is currently the worlds largest and I doubt that a Saudi one would instantly top it at current oil prices despite their loud and aggressive talk. Of course in the UK we frittered our oil windfall away! Ooops.

I'm not up on London property prices. Never been able to afford to live there and have no expectation of doing so. But why would you want to? I'd much prefer the Saudis, Russians, Thais, Chinese, Americans or whoever do buy up London property rather than owning all the countryside. Then we could put a concrete ring around London and......O I forgot we already did, it's called the M25 :-)

cheers

A Very happy FSJ investor!

[emeraldzebra] 26/4/2016 15:42

any general views on where this one may be heading on the share price please ?

[bouleversee] 26/4/2016 13:14

roddiemac -

I wonder how temporary that is. I see that Saudi rulers are planning to reduce their reliance on oil (article in Times Business today), float a stake in Saudi Aramco, and create the world's biggest wealth fund. It said that Middle East oil exporters, including Saudi Arabia had lost $390bn in revenues because of the lower oil price and should prepare for even steeper losses of $500 bn this yr. The plan is for their Public Investment Fund to use the float proceeds to make investments overseas. "Initial data say the fund will have control over more than 10% of global investment capacity, making it by far the largest sovereign fund on the planet. There will not be any investment or development in any region of the world without the Saudi sovereign wealth fund having a say", said Prince Mohammed bin Salman.

What do you think about that, Roddie? I suppose they'll buy up what remains of the best London properties as well and middle and working class English will never again be able to afford to live in the capital.

However, getting back to Fisher, I'd like to think they will also be adapting to changing circumstances. At least the share price is now back to what it was when I gave some of mine to my grandchildren last April which is more than I can say for many of my holdings. I should have bought more when they were down; story of my life!

[roddiemac2] 26/4/2016 09:34

illiswilgig,

" I think possibly the first time JFN has been awarded a contract directly (rather than as a consortium member or subcontractor)? "-----I am not absolutely sure either.----
Once again a contract win that shows they are in markets that will do well regardless of what economies do; offshore oil being temporarily an exception.

[emeraldzebra] 26/4/2016 07:37

Some of these Shipping beauties seem to be really coming into their own. Understand £30 a real possibility for Clarksons soon too. A welcome change.