Fisher (james) & Sons Share Discussion Threads

[rivaldo] 26/10/2012 14:34

Nice link bb2, cheers - good to hear that "In the last year 'Tweddle' has seen the number and scale of orders from JFN increase significantly" and that Tweddle are recruiting so confidently.

[mechanical trader] 26/10/2012 08:43

52 week and 12 week high
yesterday.

very nice.

[battlebus2] 26/10/2012 08:41

Well it wasn't a bad day ,new recent highs for MTEC,IGR,SOM,GLE and of course FSJ.

Have a relation who worked on this contract..

[rivaldo] 26/10/2012 08:33

Hmmm...evidently you had a better day than me yesterday bb2 :o))

FSJ is certainly looking strong at present.

[battlebus2] 25/10/2012 15:25

Lots of new highs around the market today :))

[rivaldo] 25/10/2012 15:24

More new highs.

[rivaldo] 24/10/2012 08:54

And...I just noticed another 200,000 shares going through yesterday in 3 blocks at 785p, so 247,000 shares in total in large blocks. Not just institutional crosses methinks given the odd numbers.

[battlebus2] 24/10/2012 08:12

Yes that is a valuable trade indeed!

[rivaldo] 24/10/2012 08:05

Wow - 47,000 bought yesterday at 787.36p, reported as a late trade....

Someone's VERY keen.

[battlebus2] 23/10/2012 17:37

The volume seems to be getting a tad better as the months go by.

[rivaldo] 23/10/2012 14:03

New highs, and on over 200,000 shares traded too.

[rivaldo] 22/10/2012 08:18

Another 23,000 though on Friday night at 777.33p - very encouraging.

[rivaldo] 19/10/2012 15:36

23,000 just bought at 775p.....

EDIT - just noticed 92k going throuigh all at 775p, one 46k and two 23k's. Must be more than just a rollover for the price to suddenly jump like that.

[rivaldo] 17/10/2012 10:28

BB2, FSJ is now a provider of "Services, innovation and technology for the marine, oil & gas and other high assurance industries worldwide". Leaders in such globally growing niches command high P/E's in a range of anywhere from 18 upwards.

If we go with a P/E of 16 for the moment, that would lead to a share price in the range of 950p-1000p based on 58p-60p EPS for the year about to start.

[battlebus2] 17/10/2012 08:19

Have you any set target for these? Penciled in £7 then £8 now £9 :))

[rivaldo] 17/10/2012 08:16

Cheers bb2! From the charts at the top it appears FSJ is (just) at new highs - onwards and upwards to £10 :o))

[battlebus2] 17/10/2012 07:24

Let's hope so. Thanks for the great posts Rivaldo :)

[rivaldo] 17/10/2012 07:21

A storming finish last night. The start will be interesting - more new highs perhaps.

[rivaldo] 15/10/2012 12:16

FYI t1ps.com reviewed their ISA portfolio on the weekend, and they had this to say about FSJ (one of eight stocks in their portfolio):



"the driving force behind the portfolio has been marine services specialist James Fisher (FSJ). August's interims saw the firm report a 27% lift in revenues to £188.3 million, yielding an 18% increase in underlying operating profit to £20.1 million and a 16% lift in EPS to 26.4p.

Cash conversion was 105% and net debt dropped to £99 million from £106 million at the end of 2011, and all divisions bar Defence (which saw an expected reduction in PFI-related vessel charter income) put in a stellar performance. Fisher remains one of those highly desirable stocks whose specialist technical abilities and expertise place it at the forefront of a niche industry which is growing internationally.

Earnings per share have grown at a compound annual growth rate of 16% since 2004, which highlights the value on offer here. The low teens multiple means the stock remains one to hang onto for the long haul."

[rivaldo] 08/10/2012 14:01

SCSW said in their most recent issue that a £10 share price is likely in the next 18 months:



"James Fisher - Ship-to-ship oil transfer buoyant
719.5p Epic code: FSJ

(Sharewatch) The first set of results reported under Charles Rice as chairman were also well received with the shares moving to £7. Regular Sharewatch readers would have politely yawned as we suggested these results would be very good in July.

And so it proved. For the six months to 30 June sales were up 27% to £188m. Pretax profit and eps was well ahead of forecast - up 21% to £17.1m and 16% to 26.4p respectively. Cash conversion was 105% and net debt dropped to £99m (11: £106m).

The two success drivers were again specialist technical and the offshore oil businesses. The specialist technical business led the way with operating profit up 16% to £10.6m, helped by strong ship-to-ship transfer activity. The BP contract in Angola has completed its mobilisation phase and is working well operationally. Within it, the nuclear business continues to strengthen its scale and market position and H1 also benefited from a one-off materials testing contract for the Olympics.

Profitability in the offshore oil division went up 33% to £7.9m, reflecting strong demand for its niche capabilities both within the North Sea and more particularly, developing economies such as Brazil.

Elsewhere, not much to add. The tankships side grew profits on a small scale (profits rose 33% to £1.2m whilst the defence arm was down (profits fell 26% to £2m, due to the expected reduction in the PFI-related vessel charter income from the Foreland contract).

Investec has lifted its full year forecast from £33.5m to £34.5m (a new EPS of 53.9p) with £36.5m pretax (a new EPS of 56.9p) next year. With plenty of organic growth and scope for the PE to widen we think shares look set to head for £10 over the next 18 months. Strong hold."

[rivaldo] 07/10/2012 07:51

New renewable brochure published by FSJ, incorporating offshore wind, wave and tidal power products, services and support:

[rivaldo] 03/10/2012 10:43

Confirmation of the $29.4m US Navy contract win (not announced on RNS):



"Fendercare Marine wins $29 million contract to supply US Navy

Five year contract secured to supply Yokohama Hydro-pneumatic fenders to US Naval bases worldwide

Fendercare Marine, one of the world's foremost suppliers of marine services and products, has been awarded a five year contract worth $29.42 million to supply the US Navy. The contract was awarded by the US Naval Surface Warfare Center, Carderock Division (NSWCCD) for the procurement of Yokohama hydro-pneumatic fenders and associated installation, support, shipping and travel.

The contract was awarded in September 2012 and is expected to be completed by September 2017, with the work being undertaken at the Fendercare Marine UK Head Office in Seething, Norfolk.

Louis DiStefano, from the US Naval Surface Warfare Center, said: "Fendercare Marine has been the world leader in providing ISO 17357 Hydro-Pneumatic fenders to the U.S Navy for the past 15 years. To date we have had zero defects with fenders provided through Fendercare Marine and they have been a vital part of assuring our U.S Submarine fleet's mooring capabilities continue positively throughout the world."

Fendercare Marine Managing Director, Eric Plane commented: "Everyone at Fendercare Marine is delighted to have secured this contract. This is a testament to our ability to provide both high quality, reliable products and the required levels of customer service that goes with it. As you can appreciate, these things do not just happen but are a direct result of huge amounts of hard work both in respect of the contract submission itself and ensuring that we meet the extremely stringent technical requirements demanded by the US Navy.""

[rivaldo] 01/10/2012 09:55

News - FSJ's Strainstall introducing more new products:



"Strainstall Introduce New Container Weighing System for Dockside Cranes 17th Sep 2012

Following talks within the IMO (International Maritime Organisation) to introduce mandatory weighing of containers, Strainstall have utilised their 45 years of experience in providing industry leading measurement solutions to developed their own container weighing system.

The system is designed for low impact installation and enables operators to view live loadings via an in-cab display or log/transmit data for analysis at a later stage. Various integration options are available, including modification of spreader twist locks and replacing existing load bearing pins or components with load measuring pins within the existing spreader head block assembly.

Benefits include:

Simple non-intrusive integration
High accuracy and reliability
Optional telemetry versions available
Numerous output options
View live or store historic data
Can be retrofitted

The system has been specifically developed to enable port authorities, shipping companies and couriers to establish the exact weight of containers, hence avoiding accidents and equipment damage due to overloaded containers, poorly loaded vessels consuming additional fuel and revenue loss for terminals and shipping lines from transporting containers with under-declared weights."

[rivaldo] 28/9/2012 11:45

Cheers mt. I do rate Slater so it's great to see he's still so keen on FSJ, though I think he may be wrong about the stock being quiet between results. That may have been the case historically, but the relatively recent BP contract win RNS is the sort of major, larger business FSJ are now winning.

As evidenced by the $30m contract win this month which we know about and the market doesn't :o))

OT : a shame Slater didn't mention his significant stake in ETO, which I also hold.

[mechanical trader] 28/9/2012 09:11

FSJ in Slaters 3 niche stocks

Cambium....... of interest to you as a lurker.