Fisher (james) & Sons Share Discussion Threads

[emeraldzebra] 01/12/2015 12:43

i think the shorters / programme traders have distorted things somewhat. Rating just seemed over much on the low side in the low 900's.

[illiswilgig] 30/11/2015 17:32

Well,

that just shows why I am a long term investor and don't try timing the market! My buying opportunity certainly did not appear!

cheers

[emeraldzebra] 30/11/2015 11:18

thanks Roddie ! certainly the last few days have produced some good improvement which is encouraging.

[roddiemac2] 28/11/2015 11:56

emerald,

A few large buys on Friday suggest that you are not alone in thinking the bad stuff was priced in. Earlier this year, I said I would add if the shares went to 900p or below, and I have a large holding relative to my overall invested worth: the price did not quite get there. I, like you, am confident that the company will do well in the medium to long term.

[emeraldzebra] 26/11/2015 08:40

yes - but maybe the fact that the prognosis was at the ''lower end of'' and not ''below'' market expectations might lend a little stability in the medium term. Like to think the bad stuff is now priced in.

[illiswilgig] 26/11/2015 08:22

Oooops - spoke too soon.

Trading statement out this morning - and judging by the language they are still struggling with the offshore oil division.

'Revenue for the four months was 4% lower than the comparable period last year. Trading conditions in Offshore Oil continued to be tough, particularly in the Norwegian market. Our other three divisions performed well.'

and leading to the conclusion,

'With decisions on these contracts still pending, earnings for the full year ending 31 December 2015 are likely to be at the lower end of market expectations.'

Judging by digital look consensus yesterday that was 11% lower profit for this year.

Although this is not a major downgrade I suspect that the negative wording will spook the market and I predict a 'Buying Opportunity'

cheers

[phillis] 26/11/2015 08:16

apparently not

[emeraldzebra] 25/11/2015 11:54

illis - possibly about right - but my contention is that the downturn has been overdone espcially considering the non-oil segment which i think is doing well. The company also said that 2h would be better. let's hope.....

[illiswilgig] 25/11/2015 08:47

'ready for a bounce....'

maybe but I'm not expecting a serious recovery to start until the company has something positive to say. In absence of a trading update or more significant acquisitions then the results should be out in March.

That might not seem very positive - but actually I am positive that this company will perform well, it just takes time. There is no magic dust to sprinkle which can remove the gloom cast by the reduction in oil maintenance expenditure until the company stabilises this division and the oil companies restart their maintenance.



cheers

[emeraldzebra] 24/11/2015 13:17

seems like the chart ready for a bounce....

[roddiemac2] 23/11/2015 23:31

Yes , a typical day`s trading ,in recent weeks, has predominantly been made up of very small trades:day traders. This is taking place against a background of nervous stock markets: QE having only addressed the symptoms .

[emeraldzebra] 23/11/2015 15:04

not sure - i must admit. trading patterns seem to be characterised by v small volume sales designed in part to knock it down. Might be mistaken - but thats what it looks like.

[phillis] 23/11/2015 14:09

What % is stock on loan?

[emeraldzebra] 20/11/2015 12:43

seems an abysmal share price for an outfit seemingly doing so well (from what i hear) - outside of its oil connected activity. Seems it's a favourite whipping boy for the short sellers and - overall - i would suggest grotesquely undervalued. Jump aboard.

[tipster29] 16/11/2015 14:26

Good price to get in

[emeraldzebra] 04/11/2015 13:14

and weir group numbers not as grim as perhaps was feared.

[market sniper1] 28/10/2015 13:55

here here. Look way undervalued, given they are forecasting a strong 2nd half.

[emeraldzebra] 28/10/2015 13:47

shares seem to be priced at a v undemanding rating and would hope that they should push to the mid 10.00's from here.

[market sniper1] 27/10/2015 13:20

FSJ James Fisher , Shipping and marine services.

FSJ, J Fisher,double bottom on chart , 2nd half forecast to be stronger than 1st half, Trading Update early NOV.



Outlook

Our Specialist Technical businesses are leaders in their respective niches with good prospects in the defence, hyperbaric operations and nuclear sectors. Our Marine Support division's project management capabilities have been strengthened by our recent acquisitions and we see exciting new opportunities in Southern Africa, Brazil and in offshore renewables in Europe. Our Offshore Oil businesses remain competitive and well managed and will benefit from an industry wide resumption of repair and maintenance expenditures which can only be postponed for a limited period.

Looking ahead, we expect to see a stronger second half with good trading continuing in Specialist Technical and Tankships reinforced by a resumption of growth in Marine Support. We continue to be well positioned on a number of significant contract bids across these divisions. In Offshore Oil we have scaled our businesses to meet current conditions in the oil & gas sector while remaining alert to the new opportunities that a tougher environment will surely bring.

Overall the Board remains confident in the continued robustness of the Fisher business model and anticipates that performance in the second half of 2015 will be slightly below the comparable period last year but significantly stronger than the first half.

[eggbaconandbubble] 11/10/2015 09:15

Questor in the Sunday edition warns against 'Oil Services'

[roddiemac2] 09/10/2015 12:22

No idea , but Schroders hold in three separate accounts and have frequently top sliced or added , sometimes moving between accounts. They have been sizeable holders for longer than I can remember , and that is what is significant: very shrewd .

[roddiemac2] 07/10/2015 19:55

Schroders have added 23,604 shares to their holding since 29/10/15 , taking advantage of recent lows. This brings their holding to 11.015% and typifies how they add or top lop their position as the price fluctuates.

[illiswilgig] 01/10/2015 20:19

Sadly all the writers who used to be respected at TMF have moved on and the management has clearly decided to downgrade to 'listicles' more suited to twitter than responsible financial journalism. A quick look at the website will show you what I mean.

I believe a listicle is an article which is based upon a list of comparisons - should be quite possible to computer generate and might be more accurate!

Probably works ok for the FTSE100 but in the FTSE250 they do seem to come unstuck as I doubt that management allows much more than 5 minutes for the writing of each article,

cheers

[bouleversee] 01/10/2015 15:27

Of course, I would pick the day they go ex-div (with no corresponding fall in s.p.) to top up.

I might see if I can get roddiemac's earlier post about FSJ's activities etc. to Royston Wild. He needs educating.