Fisher (james) & Sons Share Discussion Threads

[emeraldzebra] 28/4/2016 10:38

Many thanks indeed Roddie. It is nice to see this one apparently on an even keel again.

[roddiemac2] 27/4/2016 17:14

emeraldzebra,

As to your earlier question about where the share price might go, I don`t try to predict that. I am happy to be invested .We have a broker forecast of 1570p., but I don`t pay much attention to what these guys say. My overall view is that the company still looks capable of growing and increasing the dividend .

[emeraldzebra] 27/4/2016 11:19

Well done Roddy. Lucky you to be able to have a decent swim when the fancy takes you..... I am a Fulham man and i dare not take the plunge in to the Thames !!

[illiswilgig] 26/4/2016 17:13

Bouleversee - Yes I believe that Fisher have proven to be most adept at adapting to circumstances. I seem to remember that I originally invested in a clapped out shipping and port management company (Newhaven) with a few coastal tankers, a couple of cable ships, some junk bulk carriers, an RFA run under contract and an old second hand ROV to run as the UK submarine rescue service :-)

I am seriously impressed by the management. And I wouldn't mind another opportunity to buy in at 70p(ish) either!

With regard to offshore oil - as management have stated their operations are primarily maintenance rather than exploration. Maintenance can be postponed but not indefinitely so Fisher expect their offshore oil business to pick up again before the oil price does.

A low oil price will likely postpone a lot of exploration and mothball fields being developed but producers are likely to keep pumping to earn cash (as we see with world production increasing even as the glut grows). Even if some producing fields are mothballed installations have to be maintained - a reason why it's hard for the producers to stop pumping particularly when offshore. When offshore fields are decommissioned there is likely to be even more business for Fisher ROV's.

The Saudis should have diversified years ago as the Norwegians did. Their wealth fund is currently the worlds largest and I doubt that a Saudi one would instantly top it at current oil prices despite their loud and aggressive talk. Of course in the UK we frittered our oil windfall away! Ooops.

I'm not up on London property prices. Never been able to afford to live there and have no expectation of doing so. But why would you want to? I'd much prefer the Saudis, Russians, Thais, Chinese, Americans or whoever do buy up London property rather than owning all the countryside. Then we could put a concrete ring around London and......O I forgot we already did, it's called the M25 :-)

cheers

A Very happy FSJ investor!

[emeraldzebra] 26/4/2016 16:42

any general views on where this one may be heading on the share price please ?

[bouleversee] 26/4/2016 14:14

roddiemac -

I wonder how temporary that is. I see that Saudi rulers are planning to reduce their reliance on oil (article in Times Business today), float a stake in Saudi Aramco, and create the world's biggest wealth fund. It said that Middle East oil exporters, including Saudi Arabia had lost $390bn in revenues because of the lower oil price and should prepare for even steeper losses of $500 bn this yr. The plan is for their Public Investment Fund to use the float proceeds to make investments overseas. "Initial data say the fund will have control over more than 10% of global investment capacity, making it by far the largest sovereign fund on the planet. There will not be any investment or development in any region of the world without the Saudi sovereign wealth fund having a say", said Prince Mohammed bin Salman.

What do you think about that, Roddie? I suppose they'll buy up what remains of the best London properties as well and middle and working class English will never again be able to afford to live in the capital.

However, getting back to Fisher, I'd like to think they will also be adapting to changing circumstances. At least the share price is now back to what it was when I gave some of mine to my grandchildren last April which is more than I can say for many of my holdings. I should have bought more when they were down; story of my life!

[roddiemac2] 26/4/2016 10:34

illiswilgig,

" I think possibly the first time JFN has been awarded a contract directly (rather than as a consortium member or subcontractor)? "-----I am not absolutely sure either.----
Once again a contract win that shows they are in markets that will do well regardless of what economies do; offshore oil being temporarily an exception.

[emeraldzebra] 26/4/2016 08:37

Some of these Shipping beauties seem to be really coming into their own. Understand £30 a real possibility for Clarksons soon too. A welcome change.

[rivaldo] 26/4/2016 08:19

Morning - no probs mate, I've often done the same!

[illiswilgig] 26/4/2016 07:53

Morning Riv - my fault for going to get a coffee before pushing the submit button.

cheers

[illiswilgig] 26/4/2016 07:52

'James Fisher Nuclear awarded decommissioning contract for Winfrith reactor

James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary James Fisher Nuclear ("JFN") has been awarded a £60m contract by Magnox Limited to decommission the largest of the reactor cores constructed on the site in Winfrith, Dorset.

The contract is to design and deliver a facility to segment and package the reactor core of the redundant Steam Generating Heavy Water Reactor (SGHWR) over a four year period'



As far as I remember Winfrith is a research site so it's not the same scale as the main magnox sites, but nonetheless an impressive win for JFN. I think possibly the first time JFN has been awarded a contract directly (rather than as a consortium member or subcontractor)? With more nuclear power stations being decommissioned in the coming years this will be a growth industry for a while to come.

cheers

[rivaldo] 26/4/2016 07:43

Nice - a new £60m nuclear decommissioning contract win, and guaranteeing revenues over the next 4 years:

[rivaldo] 13/4/2016 16:15

Is there an echo in here? :o))

[rubberbullets] 13/4/2016 14:49

Panmure Gordon 1570p target

[rivaldo] 13/4/2016 14:08

In addition to the above, Panmure have increased their price target today to 1570p (from 1300p) and say Buy:

[thomasthetank1] 13/4/2016 14:01

Read Panmure's note on James Fisher (FSJ), out this morning, by visiting www.research-tree.com …
“James Fisher, the specialist marine and engineering business, has finally secured the Indian Navy sub-rescue contract (worth £193m over 28 years). The contract highlights FSJ’s unique capabilities in marine engineering; its ability to secure long term contracts and demonstrates how it is able to deliver strong organic growth. Moreover, the deal further reduces its oil price exposure (which was only 22% of FY15). We are increasing our FY16 and FY17 PBT estimates by 4.8% and 8.1% respectively…”

[emeraldzebra] 13/4/2016 13:13

Still looking pretty good Roddie.? In related segment - i am keen on Clarksons/Braemar too, and have been adding both gently.

[roddiemac2] 23/3/2016 21:57

The above amply demonstrates FSJ`s strength in diversification.

[roddiemac2] 23/3/2016 21:43

Nice contract:-

James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary JFD Limited has been awarded a £193m contract by the Indian Navy for the long-term provision of its submarine escape and rescue capability. The contract entails the design and production of two complete submarine rescue systems for £83m by December 2018 and will be assembled and produced at JFD's Inchinnan facility, near Glasgow, UK. A 25 year in-service support contract covering all aspects of the operation and maintenance of the system will commence when the vessels are put into service in India.

Two complete submarine rescue systems will be delivered to the Indian Navy including Deep Search and Rescue Vehicles (DSRV), Launch and Recovery Systems (LARS) equipment, Transfer Under Pressure (TUP) systems and all logistics and support equipment required to operate the service.

Nick Henry, Chief Executive Officer of JFS, said:

"As the global leader in submarine rescue services, James Fisher has been awarded the contract by demonstrating, through its work with the Royal Navy, the Australian Navy and the Singapore Navy, a commitment to the safety of the global submarine community over many years. We look forward to working with the Indian Navy at the start of this long term relationship

[emeraldzebra] 23/3/2016 15:35

and again. Phew !!

[emeraldzebra] 21/3/2016 08:45

another nice leg up today....impresssive stuff.

[emeraldzebra] 14/3/2016 16:01

thanks vm Roddie.

[emeraldzebra] 11/3/2016 13:41

seems to be a much steadier tone on this one. Reassuring numbers helped. Any more views out there please / Tks.

[roddiemac2] 02/3/2016 19:05

dlku 30 Sep'15 - 20:59 - 1538 of 1595 0 0

650p