Fisher (james) & Sons Share Discussion Threads

[1aconic] 01/9/2021 14:42

Thanks Roddie - that had slipped past me for some reason.

[illiswilgig] 31/8/2021 16:34

Thanks Roddie,

cheers

[roddiemac2] 31/8/2021 11:38

Interim results will be Tuesday 7/9/21

[bouleversee] 31/8/2021 08:12

We shal indeed,Illis. Ouch!

[blue377] 31/8/2021 08:11

Thanks for the info been watching FSJ for a while they seem like they could be on the turn, and have noticed some people saying they could be in a position for a takeover bid ?

[illiswilgig] 31/8/2021 07:48

Not sure that you can tell much from a single day. Especially at the backend of summer when volumes are typically low, and on Friday before the bank holiday weekend they were very low for FSJ at least. So no great surprise that the market makers asked a bit over the offer without moving the spread. Probably means that they didn't have a lot of stock to sell you.

I see on Stockopedia that on Friday the marketmakers were quoting bid price on quantity of 20,000 and offer price on quantity of 0 ! So if you wanted more than zero the price went up a bit.

But it is noticeable that the downward trend in shareprice has been replaced by a slow but consistent upwards trend. At last. I had been wondering if someone is mopping up all the shares that come to market to accumulate a stake without pushing the price up. And under those circumstances its not unusual for the offer price to stay unmoved despite the shortage of stock. But I do like a good conspiracy theory. We shall see.

cheers

[blue377] 30/8/2021 19:15

Broker Hargreaves Lansdown & Halifax also use Fineco
Yes 3p isn't much on a £10.00 share just seemed unusual why the quote was higher than the Buy price all day, wondered if there was something else at foot!
I Keep learning every day.

[roddiemac2] 27/8/2021 20:47

blue,

3p above or below a price hovering around £10 is hardly significant.

The price you have been quoted is the offer price to you. Prices often fluctuate by the minute.

If you consider it worth buying at say 1010p , then it is surely still a buy at a few pence more.

Who is your broker?

[blue377] 26/8/2021 15:47

Why have I been quoted 3p above offer price all day

[medieval blacksmith] 24/8/2021 18:34

Accounts look v.good. One of my holdings.

[spypat] 24/8/2021 18:19

James Fisher & Sons – Is a big profits recovery now underway?
By Mark Watson-Mitchell 23 August 2021

hxxps://masterinvestor.co.uk/equities/james-fisher-sons-is-a-big-profits-recovery-now-underway/?mc_cid=b3bd0ba484&mc_eid=9b95bcf9fb

[cassini] 16/8/2021 00:54

I was interested by the chart pattern - that long, pretty much straight decline from about the 1st of April - and wondered what it was about FSJ that caused that, but looking at another share, NETW (totally different sector) it shares the same chart pattern, so I think it's not so much related to FSJ, more to the market.

[w1lbur01] 13/8/2021 08:51

Also took a stake in here looks good value and slightly unloved it's time will come

[illiswilgig] 13/8/2021 06:54

The shareprice was strong yesterday. Stronger than its been for a long while. I think there have been a lot of stale shareholders looking to exit on any rise which has trended the share downwards. I had also noticed the V-shape forming. Not that I use technical analysis but I find that it can pay to keep one eye on the chart even with strong fundamentals.

Not just a COVID recovery play - but also an energy transition play.

Not expecting a lot of news in the short term. The company has already said that the results will be H2 weighted due to project milestones. A gradual recovery should become stronger as milestone are achieved, new contracts are won and debt is paid down in the next few months,

Good luck with your recent purchase it should prove to have been well timed,

cheers

[cassini] 12/8/2021 22:24

Just bought into this share. It looks like a good COVID recovery stock play, albeit taking its time to get back on its feet compared with many others.

Looks like a nice V-bottom on the chart at the beginning of July, hopefully that was the bottom for 2021...

[illiswilgig] 10/8/2021 15:34

Odd. But then odd things happen at times, especially in the summer on low volume, most likely explanation is finger trouble? Somebody put the wrong limit on a trade and got taken for it. May indicate that there is not a lot of stock for sale at current price, which would bode well......

cheers

[johngt_uk] 10/8/2021 15:23

Anyone else seeing a temporary 30% rise in FSJ at 14:45 BST? Showing on Google and Yahoo finance. Not seen any news to indicate what this was about?

[roddiemac2] 04/8/2021 10:32

Porsche,

I hope you don`t own one. With the traffic as it is and various speed limits, it is unlikely that you will get anywhere faster than I do in my old Mercedes van: almost twenty years old now .

[porsche1945] 04/8/2021 09:30

These will have a 7 handle on soon. Declining business model too much debt soso management little shareholder return ( not being paid for risk ). Buy US growth, brexit covid basket case uk and its awful ( at dec 1999 level ) indexes are terminal, as is sterling ( down 11 years in a row against usd and euro ) I used to be in these, sooo glad hit the exit.

[leedslad001] 22/7/2021 10:04

Also possible takeover target

[leedslad001] 22/7/2021 10:03

Anything under 10 is a cheap buy imho if you are an investor and going to keep them a while

[illiswilgig] 22/7/2021 09:56

Whoops - Too late! Missed that boat then! I see the price has been recovering strongly this morning whilst I was busy typing,

typical,

I still have my eye on it, maybe I'll get lucky,

cheers

[illiswilgig] 22/7/2021 09:53

I agree.

The current share price seems anomalous to me. I've been looking at the broker consensus figures (4 strong buy and 1 hold) and they seem to be overly cautious and confused given their strong buys rating. The current shareprice may be reflecting that.

The broker forecast for FY21 revenue is 544m which is reasonable if a little cautious, given that they have been dumping low margin business. But the gradual reduction in forecast earnings during the year now a little under 61p seems confused given the management is aiming to increase margins? And the current share-price target is 1314p. Somewhat conflicting data?

I have kept my FY21 target at 63p earnings and maybe looking to raise it once I see the interims.

It may also be one or more institutions reducing their holdings causing an overhang of selling - it happens. Not necessarily related to their view on the company, they may just need the cash and be selling.

It seems to be creating an opportunity, so I will be buying more if the price remains depressed - but as I am normally 100% invested it means that I have to decide to sell something else in order to buy, I normally find that adds discipline to my decsion making.

Just my opinion. I can easily be wrong. I just aim to be right more often than I am wrong and to gradually improve my record.

cheers

[roddiemac2] 21/7/2021 21:12

I think the shares are good value now. Twice recently I have done a bed and ISA deal.
The lowest was at 836/837.

[leedslad001] 21/7/2021 16:09

Still cheap at these levels