Fisher (james) & Sons Share Discussion Threads

[roddiemac2] 31/8/2016 07:18

To serious investors ,

"Looking forward, we therefore expect to see a resumption of growth for the Group in the second half leading to a good improvement in the result for the full year.

Dividend

The Board believes that James Fisher remains well placed to provide further growth and value for its shareholders. The Board has agreed a 10% increase in the interim dividend to 8.55p per share (2015: 7.80p) payable on 4 November 2016 to shareholders on the register on ----"

A great business in the making.

[roddiemac2] 31/8/2016 07:14

Phillis, spob,

Thank you for your well reasoned mathematical argument.

[spob] 31/8/2016 06:59

not looking

'IS' way overvalued

[phillis] 31/8/2016 06:41

As expected
Looking v overvalued

[illiswilgig] 18/8/2016 08:46

I am very impressed by the way that FSJ management have continued to execute their growth plan and take advantage of opportunities to buy high quality small companies and assets where this fits into the companies specialised niche markets.

I think that they are laying a solid foundation for future growth. Whilst the past may have been about Oil support and servies I think the future will be as much about renewable energy technology and infrastructure and while we maybe dithering over the new build of large nuclear plants the vast amount of work needed to clean up the old ones just keeps growing.

Although FSJ is my largest holding by far I will continue to add if the share price dips significantly,

cheers

[emeraldzebra] 18/8/2016 07:56

Good points Roddie. Like to see much increased volumes traded. Would be v helpful.

[roddiemac2] 17/8/2016 11:04

emerald,

I never say where I think a share price will be at a specific point in the future ( many a slip twixt cup and lip ), but years ago I told other local investors that FSJ was likely to make £ 20 at some point , if they continue to execute their strategy as they have done in the past. When the shares declined to around 950p on misplaced fears about their dependence on oil, it was clear that many investors did not understand the potential here. Coupled with that, there is a prevalence of short term thinking amongst investors today.

bear in mind that interim results will be down on the comparable period last year. However the next six months is likely to be very different.

[bouleversee] 17/8/2016 10:45

Good to hear. Will give a few more to the grandchildren methinks.

[emeraldzebra] 17/8/2016 09:17

And any - i mean

[emeraldzebra] 17/8/2016 09:16

i agree. Any any meaningful uptick in the oil price which is sustained over a reasonable period would add very nicely to an already strong list of specialist services. i think these will nudge towards £20 around this time next year.

[roddiemac2] 16/8/2016 15:40

I think FSJ is capable of growing still. They are in all the right markets . For example, the Marine Services deal for the Galloper Wind Farm for £ 25m( announced in February ) may be followed by contracts of a similar type. If Hinkley Point gets cancelled , which looks likely , wind farm projects should receive a boost. A couple of weeks ago I spent a few days along the Suffolk coast . I looked at work being done on Sizewell beach in preparation for the installation of the export cables that will bring the power ashore from Galloper. The whole project will be complete in Summer 2017, and will provide power for 336,000 homes .Nick Henry said of their latest acquisition " "The operations of Hughes Sub Surface are complementary to those of James Fisher and, combined, they will broaden our range of services to the market, particularly to the renewable energy industry offshore." ---looks like a timely acquisition.

I have thinned out a few in recent weeks . I was massively overweight in FSJ. It is still by far my largest holding.I am happy to hold these. Management have not put a foot wrong so far. FSJ still looks like a company you could hold for life ,( if you don`t need the money in the meantime. )

[bouleversee] 16/8/2016 14:24

So, do you think they are a buy or sell at the moment, Roddiemac?

[roddiemac2] 16/8/2016 13:44

I think you have already explained it. On most days there are a plethora of small trades , which must mean FSJ is popular with small traders. On the 21st July this trend was broken when 846,292 were traded ( including two trades of 185,000 each )

[emeraldzebra] 16/8/2016 11:14

seems to be an immense amount of 'farting about' in Fisher shares in TINY volumes....any explanation of same appreciated !

[bouleversee] 12/8/2016 20:46

Thanks, Roddie. I did that earlier today after I read your previous message.

[roddiemac2] 12/8/2016 18:53

It shouldn`t. If you want to get announcements it looks as though you will have to register your email address with the company, or phone them and say you already have , but are no longer being notified .

[bouleversee] 12/8/2016 15:00

Yes, I think I did see that, but why should that make any difference to the RNS messages?

[roddiemac2] 12/8/2016 14:30

Yes, I used to get them automatically. It looks as though the appointment of a joint house broker has interrupted service!------

10 August 2016

James Fisher and Sons plc

Corporate Stockbroker Appointment

The Board of James Fisher and Sons plc is pleased to announce the appointment of Jefferies International Limited as joint corporate stockbroker alongside Investec Bank plc, the Company's existing broker, with immediate effect.

[bouleversee] 12/8/2016 14:08

Thanks, Roddiemac. I don't know why I didn't get that RNS or indeed the previous one as I used to get them regularly.

[roddiemac2] 12/8/2016 10:02

close
07:00 11/08/2016 Fisher (James) - Acquisition of Hughes Sub Surface Engineering
RNS Number : 8613G
Fisher (James) & Sons plc
11 August 2016



11 August 2016


JAMES FISHER AND SONS PLC (FSJ.L)

ACQUISITION OF HUGHES SUB SURFACE ENGINEERING

James Fisher ("James Fisher" or the "Group") announces the acquisition of the entire share capital of Hughes Marine Engineering Limited, the holding company of Hughes Sub Surface Engineering Limited ("Hughes Sub Surface").

The initial consideration is £9.0m in cash, with further future consideration of up to £1.0m subject to certain profit targets being met by 28th February 2017. Hughes Sub Surface's profit before taxation for the 12 months to end April 2016 was £1.6m (unaudited).

Hughes Sub Surface was founded in Liverpool in 2005 to provide commercial diving and civil engineering services to underwater projects. The business operates in the marine renewables, power generation, oil and gas, and inshore civil engineering sectors.

Nick Henry, Chief Executive Officer of James Fisher, said:

"The operations of Hughes Sub Surface are complementary to those of James Fisher and, combined, they will broaden our range of services to the market, particularly to the renewable energy industry offshore. We are delighted to welcome all our new colleagues to the Group and look forward to working with them."

E C Hambro Rabben & Partners has acted as corporate adviser to James Fisher and Sons plc.

[bouleversee] 12/8/2016 09:54

This morning's Times listed Fisher in their major movements, mentioning share price rise due to acquisition but didn't give details. So who have they acquired now? I suppose I should have a look on their website but wd be interested to know whether the experts on here think it's a good move. My biggest holding so am pleased they've come back to previous highs.

[roddiemac2] 12/8/2016 09:50

Yes, although interim results, due at the end of this month, are expected to be weaker year on year, you can see why the shares are rising. Now would seem to be a good time to buy smaller compatible businesses. It is only a matter of time before the oil price stabilises and related activity increases. In the meantime FSJ have a number of contracts that will kick in in the second half.

[emeraldzebra] 12/8/2016 07:40

and again !

[typo56] 28/7/2016 18:36

In case you missed it, FSJ got promoted to the FTSE 250 last Friday (22 July). That's why there was the 343k uncrossing volume at close on 21 July.