Fisher (james) & Sons Share Discussion Threads

[bouleversee] 13/6/2019 15:28

Write up by Tempus in The Times today has FSJ as a long term hold; "only relatively low yield prevents it from being a buy". I wonder if the failure to appoint a successor to Nick Henry as yet has anything to do with the drop, or maybe they have decided on someone and word has got out and he is not liked. OTOH I have just seen on HL's website that the one and only broker following FSJ has marked it a "strong sell"; no idea why. Anyone have any suggestions?

I have had my shares for many years and although the yield on current share price has never been high, am getting a decent yield on my original purchase price as well as a decent profit. I can see, however, that the low yield and fairly high p/e ratio might put new purchasers off. We have seen quite a few growth shares reverse direction with little or no income to compensate. (My latest examples are WPCT and HZD where I am losing a large chunk of my capital without having received any dividends.)

[neurolodger] 13/6/2019 14:44

Any reason for drop in share price in last two days?

[shiv1986] 07/5/2019 07:50

ADVFN is hosting an investor event for a firm within Industrial Transportation; Avation plc, on the 21st May to find out about their future prospects.

Sign up to attend this event:

[illiswilgig] 04/5/2019 07:49

Sharecast broker consensus shows 4 brokers covering FSJ:

1 strong buy (who is that?)
2 hold
1 strong sell

from which I can deduce nothing? Except to say that the brokers don't know any more than we do. Possibly less.

cheers

[bouleversee] 02/5/2019 08:22

S.p. rather disappointing recently. I was debating whether to add to my already large (for me) holding but yield is only 1.16% and P/E is high at 21.9 and I see the only analyst quoted on HL website has them down as a strong sell, so I think I'll hang on to my spare cash for the moment.

[illiswilgig] 02/5/2019 07:57

Steady as she goes 'Trading in line with expectations' Update this morning.

Very positive wording on the performance of Tankships and Offshore Oil

'first quarter financial performance at its Tankships and Offshore Oil divisions in the first quarter is well ahead of last year.'

Which of course means that at this stage marine support and specialist technical are behind expectations - though the wording is less negative and leans towards timing and H2 weighting.

'Marine Support and Specialist Technical will be more second half weighted this year due to the timing of projects. The pipeline of opportunities in Specialist Technical remains strong.'

Overall I am pleased to see that Offshore Oil is recovering strongly after a few bad years and Tankships, long the cashcow of the business, continues to surprise.

There is also some media-and-market friendly news on the renewables

'Our renewables business within Marine Support won its first contract for Triton Knoll, a 90 turbine windfarm being built 32 kilometres off the Lincolnshire coast and our high voltage engineering specialist business, EDS, has been awarded a 15 year operations and maintenance contract for Offshore Transmission (OFTO) assets at Greater Gabbard.'

Small stuff in the scale of things, I should think, but it shows that a base of long term contracts is being established which will be fruitful in the longer term,

very happy. Strong hold - forever.

Should there be a sudden drop in the share price, which does happen occasionally I will look to buy a few more.

right - time to go back to sleep now I think,

cheers

Mark

[roddiemac2] 20/3/2019 09:03

I thought it was rather unusual to see a soon to depart CEO buying more shares!

There were about 720,000 shares traded on Monday; marked as buys included three of 75,000 shares each , two of 34,000 shares each, and one of 66,000 shares, and one of 72,000 shares. There were two large trades, marked as sells ,of 90,000 and 93,436.---all at near record highs in the share price.

An article in yesterday`s Times commenting on wind farms producing record power in the recent storms said --" Almost 10,000 offshore and onshore turbines generated 38% of electricity in Britain in the seven days from Monday to Sunday, far outstripping any other source.----Offshore wind farms accounted for 61% of last week`s power, and onshore wind farms 39%.----The capacity of offshore wind farms could quadruple by 2030 under an agreement reached this month between the government and wind industry to help it expand.--- Emma Pinchbeck, deputy chief executive of Renewable UK, said -This record comes just after last week`s announcement of the Offshore Wind Sector deal, which will see our industry grow to support 27,000 highly skilled jobs by 2030, and the UK`s offshore wind supply chain generating billions every year in exports, as well as providing more goods and services for offshore wind projects in UK waters. "

FSJ is well placed to benefit from this growth in the UK, ---and then there will be growth in other parts of the world.

[bouleversee] 18/3/2019 17:20

LOL!

Pity they didn't have someone like him running IRV. Have just lost a significant amount there. As the govt. continued to award them big contracts, I assumed they would be OK in the fulness of time so didn't sell and was too busy battling with the council over my road to keep a close eye on them recently and try to fathom out the pros and cons of the offer, though I think we were stuffed either way.
Thank heavens for FSJ! Am probably tempting providence.

[illiswilgig] 18/3/2019 14:42

I agree with you on his achievements. Quite remarkable.

Sadly the RNS was in error - now amended - it turns out that Nick Henry and his wife have sold shares. A modest amount. Though given he's about to step down, surely it's not a big deal and the market seems to have taken the news in its stride.

cheers

[roddiemac2] 18/3/2019 10:34

Nice to see Nick Henry buying shares at all time highs. He has steered the company unerringly for fifteen years: a great achievement.

[emeraldzebra] 06/3/2019 10:25

V pleased i held on here. JF occupy a strong position in specialised and rarefied markets. Much as there continues to be a lot of funny business by the market makers - causing occasional wild movements in the sp, it should continue to press well into the mid 20's i would hope. Will mop them up on unwarranted weakness !

[roddiemac2] 01/3/2019 19:58

Yes, a great story over the years. If only they were all like this. All their markets look promising.

[bouleversee] 01/3/2019 13:15

Me, too, as they say. If only they were all like this.

[roddiemac2] 01/3/2019 12:09

The shares went over £20 today, albeit in tiny volume.

Management are confident of more growth, not least because of the opportunities offered by "renewables", in particular wind power.

I will continue to hold .

[bouleversee] 26/2/2019 19:26

Funnily enough I was looking at Aerea last April/May but I was distracted by some domestic problems and it shot up a lot suddenly and I decided not to risk it and tbh rather forgot about it. I also own James Halstead which hasn't done much recently. I have too many holdings to keep track of and too many other things to deal with now I'm on my own.

Anyway, with Headlam, Victoria and bxxxxy Carpetright, probably more than enough of my dosh is on the floor already. Just hope some of it gets picked up.

[illiswilgig] 26/2/2019 18:32

Boule, Ha!

It's not really relevant as its an illiquid micro-cap tiddler carpet tile manufacturer.

Market cap is about 28m. Too small and below the radar of institutions there is no reasearch coverage on it. So it's not really a share to recommend.

Used to be known as Sirdar in the days before they 'spun off' the wool business, now its just the carpet tiles and called Airea. I bought in a few years ago, too early as usual and luckily topped up at the 9p lows. James Halstead made an unsuccessful bid for it last year which helped to swiftly propel the shares to around 70p - which is probably around fair value for now.

cheers

[bouleversee] 26/2/2019 09:22

Illis…

Which share is that? Do tell!

[illiswilgig] 26/2/2019 08:54

FSJ results out this morning.

Very good - but recent share price strength probably anticipated this.

Revenue + 13%
Profit before Tax +17%
EPS +16%
dividend - 31.6p +10%

Very much in the 'double digit' growth target previously remarked by the Chairman.

Also beat all of the forecasts upon Digitalook/WebFG. It actually beat next years forecasts for Pbt and EPS - they were so low. It will be interesting to see what upgrades are made to the forecasts.

Outlook statement broadly positive without being specific. Noticable - though small contributions - within the results are the upturn in offshore oil profitability (attributed largely to the RMSpumptools business) and significant increase in Tankships profitability which is impressive from such a mature business.

disclosure - happy to say that FSJ is my second largest holding, only knocked off the number one spot by large gains in another share.

[bouleversee] 12/1/2019 21:56

Many thanks, Roddiemac. Confirms my own feelings but you are better informed than me.

[roddiemac2] 12/1/2019 21:14

bouleversee,

My thinking has not changed . FSJ looks well placed to grow irrespective of what economies do. I am not likely to buy more , since it is already my largest holding. I never advise other investors. I will repeat what I have said in the past:- FSJ is well diversified both geographically and by product or service offering. We already know that as offshore oil has shrunk , other subsidiaries have grown. I am happy to hold.

[bouleversee] 11/1/2019 23:24

And the same to you, Roddiemac. Nice of you to think of me. Am recovering from a very heavy cold which has laid me low since Christmas Day just at the time I was planning to do my tax return and that of my husband's estate and am now starting to panic. I had thought about buying more FSJ when they were lower but didn't get round to it. Another boat missed. It has done rather better than most of my holdings this year.

I read an article on Citywire (or it may have been a video) from the chap who runs Scottish Mortgage IT saying that oil had had its day (and ditto most UK shares). I was going to ask you how that would affect FSJ if he is right. Hopefully, all the wind turbines will compensate. At what price would you buy? Perhaps we should wait and see how Brexit pans out. I need to reduce the number of my holdings; far too many to have time to keep track of. Even after spreading a lot of mine round the family, FSJ is still my largest holding. Do you think it can continue to do as well?

[roddiemac2] 11/1/2019 22:06

On Wednesday this week there were a couple of buys at 1750p totalling 57,293 shares: nice timing!

A happy new year to all the long term holders.

bouleversee,---I hope you are well.