Fisher (james) & Sons Share Discussion Threads

[bouleversee] 13/8/2017 13:42

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 16:09

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 20:47

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 20:42

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 11:34

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 10:44

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 10:37

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 21:13

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 20:01

WRITTEN BY

Jason Karaian
August 21, 2014
Only 5 million people live in Norway, but thanks to the country’s careful management of its oil wealth, the country runs the largest sovereign wealth fund in the world. Everything about the fund is big. Very big.
Reported assets, for example, totaled $890 billion at the end of June—that̵7;s $178,000 for every Norwegian. And the fund holds around 1% of all the stocks and bonds in the world. (This nifty map lets you see just how much of every listed company it owns.)
By the end of 2020 the government expects the fund—officially known as the Government Pension Fund Global—to be worth the equivalent of $1.1 trillion in today’s money. To try to put the fund’s size and growth in perspective, the chart below shows its year-end values converted into current dollars, alongside a few examples of things that fetch roughly the same amount of money today. For example, back in 2003 Norway’s fund was worth the same as Amazon.com’s current market capitalization. A decade later, it is now worth the same as the combined market cap of Exxon, Shell, and Chevron

[illiswilgig] 16/7/2017 20:20

Hello Roddie,

yes I think FSJ is very well positioned both for the decommissioning of the north sea infrastructure and also for the installation of the renewables sector. Not for the first time FSJ management appear to have been consulting their crystal ball and are ahead of the curve. I am optimistic that long term this will result in the kind of continued growth I am looking for,

cheers

[emeraldzebra] 15/7/2017 17:53

Thanks Roddie. P.S.have a little look at Porvair. Highly rated but I like it. One to tuck away. Have a lovely summer. E.

[roddiemac2] 13/7/2017 08:20

Offshore Decommissioning

"Many of the structures producing oil and gas have a limited lifespan, often 25-40 years, and an increasing number are due to be taken out of service. When redundant, they must be removed and disposed of, ensuring that the surrounding area is safe from environmental contamination. Decommissioning has become a major business within the oil and gas industry and is a lengthy and high cost operation.

Decommissioning of existing North Sea oil and gas facilities is projected to cost £24-36bn over the next 30 years, a fruitful field for specialist companies in the region."----

[roddiemac2] 13/7/2017 08:15

emerald,

The following announcement may well lead to FSJ gaining work in this area . I will investigate further. My understanding is that , to date, there are no UK companies doing major decommissioning contracts . I will try to speak to someone in FSJ later today.

"First Rigs to Arrive for Decommissioning in Great Yarmouth
10 JANUARY 2017
The Veolia and Peterson partnership has been awarded two platform decommissioning contracts for recycling at their facility in Great Yarmouth. With an aim of reaching 96% recycling rates the work to recycle materials and assets is expected to begin in Spring 2017 when the platforms arrive onshore."

[emeraldzebra] 13/7/2017 04:40

apols fat finger

[emeraldzebra] 13/7/2017 04:40

Roddie - the small trades you mention are probably 'algorithm generated' too ?

[emeraldzebra] 13/7/2017 04:40

Roddie - the small trades you mention are probably 'algorithm generated' too ?

[emeraldzebra] 12/7/2017 12:14

thanks Roddie -roll on the company making it into the FTSE 100 !

[roddiemac2] 12/7/2017 11:56

emerald,

the shares ran up from 1600p and back down again in predominantly very small trades. With one exception today has been no different
Today there was a sell of 12,000 and one buy of 1500 and one of 1,000 . If you deduct those three trades from the total no of shares traded as shown a few minutes ago , then there have been 172 other trades totalling approximately 9,100 shares.That represents an average trade size of 53 shares = of approximately £800 .

[emeraldzebra] 12/7/2017 10:10

Roddy : property is only over valued in parts of London - largely because it is such a fabulous city. See it as a bargain in many other (beautiful) areas elsewhere - especially north of Birmingham and parts of the South West.! Sure your caravan has its benefits though !
Bouleversee seems to have been very badly advised on her ISAS- given the direction of the market for the last few years. FSJ probably not the right fit and would go for a spread of sector and geography in her case. RIT Capital, Herald Investment Trust, Schroeder Oriental Income, Jupiter European Opportunites, Mercantile Investment trust all done us well over the years.

[emeraldzebra] 12/7/2017 08:47

big drop on tiny volume. bit odd ? looking like a bargain again....

[roddiemac2] 11/7/2017 20:28

The answer might be to take some profit . I too am overweight in FSJ.

Property: --I see property as grotesquely overvalued . It has been something of a rigged deck for far too long. Government should get its messy fingers out of the market and simply ensure that more truly affordable houses are built.Will that happen? ---probably not. Instead they find ways of indirectly propping up prices ----"help to buy schemes " etc----help to buy at the wrong price. If property prices collapsed from here , the banks would lose some of their asset backing and need bailing out all over again. Sadly , in a consumer society like ours, too much "wealth" is tied up in property, consequently people have less disposable income. we are leaving a poisoned chalice for the next generation. I have side stepped this destructive property madness. I sold my house fifteen years ago , invested the proceeds in shares , and bought an old caravan on a lovely site. My old house has doubled in value since I sold, but my investments have grown tenfold. I might sell my caravan and live in a tent!