Fisher (james) & Sons Share Discussion Threads

[roddiemac2] 30/1/2018 13:14

bouleversee,

I have indeed top lopped and then bought back in the past, but not in the last few years. I was mightily overweight for some time, so reduced my holding by a third over a period of time. I am still very overweight , but am happy to hold for the long term .
Overall, I am very inactive these days. I bought some FENR recently, and have added to my holding of GMAA. I also built up a holding in SFR last year. CML has done well over the long term, and is today hosting investors at the Growth & Innovation forum, ( event website at: hxxps://www.sharesmagazine.co.uk/events/event/growth-innovation-forum-2018)

I bought a derelict house late last year , and my partner and I are camping out in it
now. As a consequence, I have less time to concentrate on investment. My investment stance has always been " laid back"; others might call it complacent, but it has worked . I have invested in a very few ideas for the long term, and stuck with them unless they have disappointed:---So far so good. I will of course post what I think if I have any doubts about FSJ.

[bouleversee] 30/1/2018 11:19

Only asked because (unlike me) you seem to have the knack of selling some when share price is high and buying more when low. Was contemplating adding a few myself.

[roddiemac2] 30/1/2018 10:21

bouleversee,

Why would I do that ? FSJ is by far my largest holding already.

[bouleversee] 29/1/2018 19:28

Thanks, Roddie. So are you topping up at these prices?

[roddiemac2] 29/1/2018 19:08

bouleversee,

I would not read too much into share price movements here.

FSJ will get business from the the decommissioning of oil rigs. They are very unlikely to handle the complete job of decommissioning, but very likely to provide various specialist services.

[bscuit] 26/1/2018 21:56

Dollar weakness?

[bouleversee] 26/1/2018 18:23

Crikey, how things can change when you are not watching! So why has the share price fallen back since I last tuned in?

Are FSJ into decommissioning oil rigs and pipelines? I gather that's where big money is to be made in the years to come as the oil fields run out. Who is doing it for Shell's Brent field, I wonder? Of course, thinking of Carillion (ouch, I prefer to forget!)) profitability will depend on their not underquoting in the first place.

[roddiemac2] 12/1/2018 14:40

bouleversee,

Yes, it is interesting to see RDSA getting into renewables.

[bouleversee] 12/1/2018 11:40

roddiemac -

Well remembered! I am indeed still a holder of FENR and noticed the recent rise. I should have topped up but nervous of top ups after falls after doing so with CLLN and IRV. Pleased to see GKN up today as well as they were quite a bit down from the top but Card Factory way down.

Pleased to see FSJ climbing again. I'm not sure about the long term future of oil, what with elec. cars becoming the norm and US pension funds selling their oil shares for environmental reasons. I think they are going to have to diversify like FENR. Actually, I think I read that RDS are doing that. On an impulse last year (quite out of character) I bought some UKOG thinking I might make a quick profit and get out but instead am making a huge loss. No idea what the recovery prospects are there; doesn't look too hopeful.

Too many holdings to keep track of and I must resist clicking onto any more alerts until I have completed my tax return and that of the estate; am starting to panic!

HYN to you, too!

[roddiemac2] 12/1/2018 11:18

A happy and prosperous new year to all holders here.

bouleversee,

I note that FENR has got a new lease of life. I bought some on the 15th of November last year. I will contemplate adding if they drop back some. Diversification alters the hitherto cyclical nature of the business. I hope you are still a holder.

FSJ:-

The shares have held up well. How much of that is due to long term holders` loyalty, and how much is due to the strengthening oil price I know not. There may be another set back with oil, but long term things should improve. Tullow and Premier Oil have taken off in the last few days, perhaps prematurely.

( correction/ long term holders , not short term holders )

[roddiemac2] 08/12/2017 19:46

Short term thinking does seem prevalent these days. I suppose the internet has made it easy to gamble on shares. A broker once told me that I was doing OK, and that most traders don`t make much money, if any. Shroders have held FSJ for longer than I have, so we are not alone in our approach.

[illiswilgig] 06/12/2017 14:05

Sorry I was being a little tongue-in-cheek hence the :-)

I pay no (or very little) attention to short term movements in share price. I learnt many years ago that I am not a trader, speculator or gambler. I invest in companies where I see good long term value and then wait. As Warren Buffett supposedly said, my favourite holding period is - forever.

I am taking more of an interest in Fisher at the moment because it has not returned to the >10% growth in profits each year I anticipated. Either the forecasts are wrong or I am wrong and I'm keen to find out which!

[bouleversee] 06/12/2017 13:06

That's better. IMHO the share price has nothing to do with intrinsic value and is dictated by the desires and whims of the short term traders and algorithms. I find it very tedious as I am not a gambler and gambling is what investment has become. If you want a good example of the shenanigans that go on, have a look at the PFC board. Utterly ridiculous.

[bouleversee] 06/12/2017 09:23

The market doesn't seem to like it.

[illiswilgig] 06/12/2017 08:41

Well. Fisher back on the acquisition trail, this time an installer of highvoltage engineering and services for renewables.

Looks to be a good fit in their offshore wind market and a reasonable price for a profitable company, rather than jam tomorrow.

[illiswilgig] 24/11/2017 09:30

Trading statement out this morning. Although it's an 'in-line' statement it was completely devoid of any overall upbeat directorspeak.

I got the impression that they were slightly unimpressed or perhaps even disappointed in the continuing poor performance of the offshore oil division.

Coupled with the knock-on from the disastrous running of the Nuclear Decommissioning Authority the update is decidedly lukewarm. I expect weakness in the shareprice to continue for a while now.

I will be watching and if it falls low enough, ideally below £14, I will add a few more, in the expectation that they will finally get to grips with offshore oil and forecasts will improve as a P/E of 20 is a little pricey for growth of 5-7% a year,


cheers

[bouleversee] 23/11/2017 21:02

Me, too. But such things happen. Spouses buying or similar? Whatever reason, better than the previous fall. Wasn't £19 some broker's target price?

[pawdaw] 23/11/2017 20:38

Last year's trading update was 22 Nov, so have been expecting same by the end of this week. I regard FSJ as a very straight company and would think it unusual if anything had leaked today to bring about the late rise in share price Still, I'll take the rise anyway.

[bouleversee] 01/11/2017 09:34

Thanks, Roddie.

[roddiemac2] 01/11/2017 09:00

boule,

last yr they gave a trading update on 22/11/16.

[roddiemac2] 01/11/2017 08:50

bouleversee,

F/y was 1/3/17

[bouleversee] 31/10/2017 10:50

roddiemac -

When will there f/y results be announced? Not for a while, presumably. February?

[roddiemac2] 31/10/2017 09:46

bouleversee,

Well done on VCP. No, I don`t hold them.

Volume here will likely increase immediately following the announcement of results. There seem to be an unusually high percentage of long term holders. ( fairly tightly held )

[bouleversee] 25/10/2017 10:01

P.S. to previous:

I meant to ask if you can explain the tiny bargains (in one case only 1 share and several under 10 yesterday) and the paucity of deals altogether in FSJ, assuming the figures shown on IWeb's research page are correct. I see they were down to l522 around 9.30 this morning.