Fisher (james) & Sons Share Discussion Threads

[bouleversee] 04/6/2013 17:20

Weird, isn't it? Nothing but good news (so far as I am aware) since the high of a couple of months ago but it keeps going down. I have given up trying to understand the market.

[janeann] 04/6/2013 16:28

amazing lurches in share price....... one would have thought the telegrapgh said sell.......

[eggbaconandbubble] 04/6/2013 16:23

What caused that, then?

[rivaldo] 04/6/2013 07:46

The Telegraph says Hold this morning, noting that FSJ's strategy of "niches where its services can command higher margin business" is the correct one:

http://www.telegraph.co.uk/finance/markets/questor/10096632/Questor-share-tip-Hold-James-Fisher-as-specialisms-pays-off.html

[cfro] 03/6/2013 07:57

That is a very good contract.

[rivaldo] 03/6/2013 07:09

Another multi-million pound contract win this morning showing off the range of FSJ's services:

http://www.investegate.co.uk/fisher--james---fsj-/rns/forth-crossing-bridge-constructors-contract-award/201306030700090073G/

"Forth Crossing Bridge Constructors ("FCBC") consortium contract award

James Fisher and Sons plc ("James Fisher") today announces that its subsidiary Strainstall UK Ltd (Strainstall) has been awarded a contract to provide structural monitoring technology and engineering support to the new Forth crossing, a cable-stayed bridge carrying a motorway that will complement the existing road and rail crossings over the Firth of Forth.

The multi-million pound contract involves the installation over 4 years of a range of complex monitoring technologies to the bridge during its construction, providing realtime data to allow continuous remote monitoring of precise movements and loadings.

Nick Henry, Chief Executive Officer of James Fisher said:

"The fact that Strainstall has been selected for this contract is testament to our specific expertise and international reputation as a leader in the provision of structural monitoring adding to Strainstall's impressive track record of long span bridge monitoring technology.""

[scottishfield] 31/5/2013 16:03

had a good topup here earlier on today

[rivaldo] 24/5/2013 07:51

FSJ are at the International Maritime Defence Exhibition and Conference (IMDEX) in Singapore:



"Submarine Rescue

James Fisher Defence, a UK company, is pushing a variety of deep search-and-rescue (DSAR) vehicles for submarine rescues, as well as remotely operated vehicles, emergency life support stores pods and services to the region.

Frank Owen, head of business development for James Fisher, said the future is in servicing the emerging submarine market in Indonesia, Malaysia, Thailand and Vietnam. The company can either sell DSAR-class vehicles or provide one when there is a crisis. In 2008, the company sold the DSAR 5 to South Korea, redubbed the DSRV II, and the DSAR 6 to Singapore.

However, James Fisher can send the air-portable LR5 submersible submarine rescue vessel to the scene of a crisis if needed. The LR5 can be transported by either a C-17 or Antonov aircraft, Owen said."

[rivaldo] 22/5/2013 23:24

Bouleversee, that is indeed exactly the point I was making.

Interesting article here on the contract win this week which suggests it could be the first of a number of such contract wins:



Extract:

"According to JFN, the deal is potentially the first of a number of contracts relating to the decommissioning of the high-hazard Dounreay facilities. JFN has provided remote handling systems at Sellafield and UK Magnox sites but managing director Paul Read said the contract represented a "first" for the deployment of the company's capability at Dounreay. "Our specialised remote handling skills are directly applicable to the challenges that the Dounreay site faces. We're keen to get started," he said."

[bouleversee] 22/5/2013 15:28

Might not be a matter of choice in that case. If your co. has awarded you an obscene amount of options (and I never cease to be amazed at some of the numbers) at a low exercise price and the share price has shot up, you might not have the spare cash to pay the tax without selling some. Also, if you think the share price might come down but you have to pay the tax now anyway, it would make sense to sell some rather than pay tax on a mirage gain. Perhaps that's what you were driving at: the Fisher director is pretty confident the share price won't come down but in fact will go up. Hope for both our sakes he's right!

[rivaldo] 22/5/2013 14:51

Bouleversee, my understanding is you get taxed immediately on exercise on the difference between the option price and the market value on exercise. This creates a large and immediate tax liability in cases like this.

There is then a further charge when you sell on any profit above the market value previously taxed.

That's why today's RNS is such a good example to many - I'd say in 75% or more cases you see an accompanying sale of shares to fund the tax etc.

[bouleversee] 22/5/2013 14:32

Do you get taxed on the exercise of options or only when you sell the shares? If the latter, he would have created a huge tax charge if he had sold, having paid only £3.20 or thereabouts. He'll probably transfer some to spouse to spread the load.

[cfro] 22/5/2013 13:31

Good to see the CEO's confidence here.

[rivaldo] 22/5/2013 12:28

Good to see that the CEO has increased his shareholding via exercising options without selling a single share to pay for tax charges, the £102,0000 cost of exercise etc.

This certainly sets a great example for other company directors and is a vote of confidence in FSJ's prospects:

[scottishfield] 20/5/2013 19:58

thought it might have gone up today given the news.

[cfro] 20/5/2013 08:00

Nice contract win.

Welcome jamielein btw.

[rivaldo] 20/5/2013 07:41

Prestigious contract win with a new client announced today:

[bscuit] 17/5/2013 23:09

Interesting views on stop loss. My view is 20%, but reduced in a falling market by the same percentage as a fall in the sector index and a vicew versa in a rusing index.

I entered here at 800ish earlier this year. I look for Income and growth shares.

[jamielein] 17/5/2013 10:28

I was looking for a good entry point here and think these have come down far enough now, so bought a few today.

My timing is never usually fantastic though!

[rivaldo] 16/5/2013 14:42

Expansion news:



"Strainstall Opens New Production Facility
Marinelink.com
Tuesday, May 14, 2013

Strainstall, a part of James Fisher and Son plc, announced the opening of a new production facility based in Bembridge, Isle of Wight.

The new 10,000-sqft. facility produces the full range of mooring hooks and mooring units including a bespoke service specific to customer requirements. It is fully equipped with a 7.5te pendant controlled overhead crane, fork lift trucks and high load racking to ensure maximum efficiency and optimum product turnaround.

The facility also houses a test rig that can test hook units up to 350te.The rig electronically records all hook data during testing and downloads to a document that gives the customer instant access to the test data.

Full testing is carried out in house before being despatched to their customer's sites. All of the customer's hook units are tested using Strainstall own test equipment and witnessed by a certifying body.

Staff at the B embridge facility are supported by engineering, electronic and software staff from the Strainstall Head Office at Cowe s to ensure one seamless operation. Strainstall Marine Managing Director Simon Everett, said "We have moved Quick Release Hook production from Belgium bringing it closer to the team here in Cowes, enabling us to offer an integrated FAT for the Quick Release Hooks and Berth Management Systems for our customers."

The facility has its own stores and packing staff to ensure that all units leaving for delivery to our customers are suitable packaged and quality inspected to ensure that they arrive in a condition where they can be immediately installed ready for commissioning by Strainstall commissioning engineers."

[cfro] 15/5/2013 16:23

Nearly back to long term trend-line. Hopefully we can soon turn round and head back up.

[phillis] 08/5/2013 10:46

yes, certainly better value at these levels

[scottishfield] 08/5/2013 10:39

should be good for a bit of 'up' from here.

[gucci] 08/5/2013 10:15

starting to move back up

[phillis] 07/5/2013 10:27

coming back at last to reasonable value range