Fisher (james) & Sons Share Discussion Threads

[roddiemac2] 01/3/2017 09:41

Phillis

I am interested in the big picture , as I have been for the fifteen years I have held these: beats trading.

[phillis] 01/3/2017 08:37

look at unadjusted eps

[phillis] 01/3/2017 08:36

help me understand please
a contract is lost in Angola so ongoing performance is measured as if it was never there?

[roddiemac2] 01/3/2017 07:51

Yes, that will do for me too, ( as it has done for a number of years )

[value king] 01/3/2017 07:39

Strong outlook and a respectable divi rise, that will do for me.

[emeraldzebra] 10/1/2017 10:19

perhaps notable that many of the oil/oil service related stocks are making a comeback -so maybe reasonable to expect this to push better soon.

[emeraldzebra] 30/11/2016 13:26

a credit to them that they seem to be prospering - and in an environment which is far from easy.....a class act...

[illiswilgig] 23/11/2016 11:32

Thank you for that link. Unfortunately it is premium (you pay to read it) content which I can't access.

From the summary I can't see that it adds or differs from my recent thinking? ie until the offshore oil stabilises and the new contracts (particularly delayed ones in demcommissioning ) come in the share will mark time.

Since my crystal ball won't predict when this will happen I remain a holder of the shares.

Any thoughts from your reading of it?

cheers

[illiswilgig] 22/11/2016 13:23

Trading statement today for Q3 with no great surprises.

Revenue in 3 divisions strongly ahead of last year with revenue in offshore oil down by 6% so still not stabilised - but on a reduced cost base.

Management reiterate guidance for the Full Year.

Digital Look has the shares on 21x forecast earnings of 69p which is earnings growth of 9% on last years results (according to Digital Look).

Certainly not cheap. But is the consensus forecast for earnings this year and next accurate? I still don't have a strong feeling one way or the other - except that in the long term I expect them to outperform.

On that front I see it as interesting that they chose to release an RNS on a new saturation diving contract today.I would assume from that they see the contract as significant in the context of the trading statement.

Skews my view slightly to the upside but not enough to consider further purchases at the current price. Happy to hold as ever.

cheers

[roddiemac2] 16/11/2016 22:30

Jack Ladd,

It is all too easy to write " This was tipped to me yesterday by a very large friend..." . It would be nice if you backed your statement up with logical argument.

Your friend would be right to see that FSJ is a well diversified company with good growth prospects ; the sea is effectively the last frontier. Continued growth into marine services and other areas looks likely . Management have not put a foot wrong in the 14 years that I have been invested.

I agree with illswilgig`s comments about the offshore oil division ;

[emeraldzebra] 11/11/2016 12:52

jack - i agree with your tall friend. JF is one of the classier acts in the market and a screaming buy ! £20 quid here we come....

[illiswilgig] 11/11/2016 09:29

Was there a reason for the tip?

The shares are currently trading at around 21x Forecast Earnings for the current year to 31dec16. That's fairly priced in view of Fisher's history of growing earnings (The recent oil downturn aside and that only depressed profits by 8%) and the forecast eps growth of around 10% per year.

Thats if you see the forecast earnings of 75p for this year as the likely out-turn. If the company exceeds this or signs new contracts - the price will start to look like value again.

The oil services division has been the drag on growth and any sign of return to normal for this should lead to a significant upgrade.

Not been any acquisitions for a while I wonder whats on the way........

cheers

[jack ladd] 11/11/2016 08:12

This was tipped to me yesterday by a very large friend...

[emeraldzebra] 11/10/2016 14:25

those are monster purchases Roddie. Great stuff.

[roddiemac2] 04/10/2016 09:59

Two big buys yesterday:-- 65,000 at 1,650p and 46,896 at 1,650.057p. ---good to see.

[emeraldzebra] 02/9/2016 15:44

Lol. time will tell i guess. but something tells me they are a quality outfit.

[emeraldzebra] 02/9/2016 11:23

and i think a little bit of a shame and a pity that Roddie (of all people) should effectively be the one being blamed for the short position Phillis would appear to have taken in the shares ! Doing a few sums, i would think the shares look a little too cheap ! lol.

[emeraldzebra] 02/9/2016 10:32

Roddie - a belated 'many thanks'. Have been bobbing about in the sea, and not well equipped with gadgets that i am clever enough to use !

[roddiemac2] 31/8/2016 09:52

Phillis

Whilst all businesses are affected by what economies do, FSJ is less affected than most. They are arguably in markets that will do well regardless of what economies will do, and they are operating in all the " right " parts of the globe.

I remember when one of the many silly tip sheets ( Penny Shares, from memory ) recommended taking profits in FSJ at around 300p. their argument showed absolutely no understanding of the long term potential, and was presumably motivated by their desire to make their short term record look good.

The sea is effectively the " last frontier . " Associated markets are vast.

[phillis] 31/8/2016 08:01

RM
Simple arithmetic
Surely even you can do that?
A business in tune with economic swings

[roddiemac2] 31/8/2016 07:33

emeraldzebra,

NB ---dollar based earnings---

"James Fisher is well placed to face the uncertainties created by the 23 June 2016 Brexit referendum result. The Group trades relatively little with the European Union being focused, outside the UK, on the growth markets of Asia Pacific, South America, Middle East and Africa. A substantial part of the Group's revenues are dollar based bringing at least a short term benefit from any fall in the value of Sterling."