Fisher (james) & Sons Share Discussion Threads

[illiswilgig] 30/8/2017 18:36

bouleversee,

Yes the results were ok. Nothing special and so no reason to move the shareprice overall.

There are promising signs and the directors are promising a good full year result but I don't expect the market to reverse its current negative sentiment until some positive newsflow occurs and/or the company raises its profit expectations.

In the meantime who knows what the shareprice will do? But perhaps you can take comfort that my timing is no better than yours in the short term!

cheers

Illis

[illiswilgig] 30/8/2017 18:18

Phillis,

It was only a clue :-)

You see where the turnover has gone wrong, you can work out where the missing profit is? You need to do some work yourself?

But in case you can't - try reading the second table right below the first one!

Cheers

Illis

[roddiemac2] 30/8/2017 17:58

bouleversee,

Predicting short term share movements is difficult. There were four large trades marked as sells just after 12am . ( 3 trades totalling 143,794 shares at 1580p, and one trade of 75,397 shares at 1578.42p) Thereafter the price drifted in the usual small volume.

[bouleversee] 30/8/2017 14:51

Can anyone explain the strange trajectory of the share price today. As the results seemed to have been well received, I topped up in my sprogs' ISAs at £15.94 with the intention of selling those in my husband's estate when they had risen a bit more as I expected they would but instead they immediately started to fall and are now not much over £15.40. I can't win!

I'm sure they will be OK in the long run but I need to sell the estate shares as soon as possible.

[phillis] 30/8/2017 13:24

" Woefully short in producing a profit"
This means something different

One day Rodders, one day

[illiswilgig] 30/8/2017 11:39

Phillis,

I know where the turnover increase has fallen woefully short. I referred to it in my message above.

What surprises me is that you don't appear to know where the turnover increase has fallen woefully short?

Here's a clue. Read the first table in the H1 report.

cheers

Illis

[phillis] 30/8/2017 10:59

So where do you think the turnover increase has fallen woefully short in producing a profit increase
Either the existing business has turned down or the acquisitions have increased revenues but not profit

[roddiemac2] 30/8/2017 10:42

On the contrary, I would not want to be out of FSJ. Whilst it is impossible to predict when the business will grow significantly, I think it will do that. They are in markets likely to grow regardless of what economies do.

[phillis] 30/8/2017 10:27

Indeed
Actually the profit before minorities has gone down as has the diluted eps
No reason to hold yet

[roddiemac2] 30/8/2017 10:24

Phillis,

Look to the long term . Oops , I forgot , you don`t hold these.

[phillis] 30/8/2017 10:21

Relief rally?
Nice increase in the divi but a PBT decrease just over £200k on a 13% increase in revenue is poor stuff
Note the continuing decline in net cash and RoCE

[illiswilgig] 30/8/2017 09:54

Solid indeed. Well mostly.

A bit surprised by the continued weakness of offshore oil. I had expected them to have it stabilised by now. Very high profit leverage as well with profits halving in H1.

That works both ways if course. If the utilisation is now increasing as they state then profits will grow swiftly.

The limited impact of the fall in offshore oil profits does underscore how small a part of the company this has now become.

Noticed a small statement in tankships that they have won a contract to provide two tankers for refuelling of the new carrier (notice my deliberate ommission of the word aircaft). Good to know that its useful for something as well as playing cricket on the flight deck!

As usual much is down to H2 to achieve. But the directorspeak is more positive than
usual and I think broker analysis is probably too negative at the moment.

cheers

[roddiemac2] 30/8/2017 08:08

Solid results again today, and confidence for a strong second half. The dividend is increased by 10%.---I like it.

[bouleversee] 13/8/2017 14:42

Thanks, Illiswilgig. I have to raise a chunk of cash or transfer shares to my sprogs acc. to the terms of the will but have other choices for that. Maybe, in the absence of any bad news peculiar to FSJ (though as I said they seem to have done less well than others this year), it might be a good opportunity to bed and ISA the estate holding and gift my remaining non-ISA FSJ shares to grandchildren. As my tax situation has now changed, I would like to get rid of most if not all of my non-ISA holdings and avoid all the record keeping and tax calculations as well.

[bouleversee] 10/8/2017 17:09

illiswig -

Is the University's Pension Fund you mention the one that has a deficit of umpteen billion pounds? 70 bn. IIRC or it may have been l7bn. Investing in British companies is not the same as buying the companies though, which is what some overseas teachers pension funds do, is it?

However, getting back on topic, FSJ's share price seems to be as depressed as I am. I know everything is down at the moment due to Trump's trumpeting (just as I am finally able to start dealing with my late husband's share portfolios, some of which I planned to sell) but FSJ seems to have dropped more than most. Anyone know why? As all the immediate family already have holdings, FSJ was one of the ones I thought I'd get rid of but I'm reluctant to sell at that price.

[illiswilgig] 18/7/2017 21:47

Bouleversee,

before you swallow the whole bottle of antidepressants - it's not all doom and gloom, no really.

There are UK pension funds that invest in UK firms. The university's superannuation fund is a big one that does this kind of thing. Some of the insurance companies are now building commercial properties to rent and so on.

That doesn't make up for the lack of forward thinking and longterm investment demonstrated by the UK government over too many years but there is the odd bright spot - despite the government!

So just mostly doom and gloom then :-)

cheers

Illis

[illiswilgig] 18/7/2017 21:42

Hello Roddimac2,

good stuff please keep it up I think what you have posted is very relevant and useful to a broader understanding of the specialist areas in which FSJ operates. There is a lot of work to do readying a rig to be lifted and removed - FSJ's subsea, ROV and specialist maintenance operations are well placed to do this work.

The Able UK yard is a long story in itself. Do you remember the US Navy ghost ship saga? For some reason there was a lot of ill feeling from locals and environmental groups that tried to stop Able UK before it even got started. In Holland & Norway it's not just the longterm investment and thinking but also the level of support for local industry that is different.

keep it up!

cheers

Illiswilgig

[roddiemac2] 18/7/2017 12:34

bouleversee,

Sorry if I am banging on about a subject only remotely connected to FSJ.
You have to enter both lines under suggested reading in order to get the relevant article. I will now desist.

[roddiemac2] 18/7/2017 11:44

bouleversee,

The UK does not even have a sovereign wealth fund ( a fund run by the Government to provide for the population`s future pension needs )

Suggested reading:-
Norway's $885bn-nil advantage in Britain's sea of social troubles ...
› Business › Economics

[emeraldzebra] 18/7/2017 11:37

Bouleversee - Certainly they have don well - it just sounded like you were quite bruised by the other investments and much as i like the Co.- you could not describe FSJ as being in the lower risk segment. Was just erring on the side of caution...best of luck with it all.

[bouleversee] 17/7/2017 22:13

Where are my anti-depressants?

What do our pension funds invest in? Gilts? I keep reading about British companies being taken over by the Ontario Teachers' Pension Fund or similar.

[roddiemac2] 17/7/2017 21:01

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