Fisher (james) & Sons Share Discussion Threads

[roddiemac2] 16/11/2016 22:30

Jack Ladd,

It is all too easy to write " This was tipped to me yesterday by a very large friend..." . It would be nice if you backed your statement up with logical argument.

Your friend would be right to see that FSJ is a well diversified company with good growth prospects ; the sea is effectively the last frontier. Continued growth into marine services and other areas looks likely . Management have not put a foot wrong in the 14 years that I have been invested.

I agree with illswilgig`s comments about the offshore oil division ;

[emeraldzebra] 11/11/2016 12:52

jack - i agree with your tall friend. JF is one of the classier acts in the market and a screaming buy ! £20 quid here we come....

[illiswilgig] 11/11/2016 09:29

Was there a reason for the tip?

The shares are currently trading at around 21x Forecast Earnings for the current year to 31dec16. That's fairly priced in view of Fisher's history of growing earnings (The recent oil downturn aside and that only depressed profits by 8%) and the forecast eps growth of around 10% per year.

Thats if you see the forecast earnings of 75p for this year as the likely out-turn. If the company exceeds this or signs new contracts - the price will start to look like value again.

The oil services division has been the drag on growth and any sign of return to normal for this should lead to a significant upgrade.

Not been any acquisitions for a while I wonder whats on the way........

cheers

[jack ladd] 11/11/2016 08:12

This was tipped to me yesterday by a very large friend...

[emeraldzebra] 11/10/2016 15:25

those are monster purchases Roddie. Great stuff.

[roddiemac2] 04/10/2016 10:59

Two big buys yesterday:-- 65,000 at 1,650p and 46,896 at 1,650.057p. ---good to see.

[emeraldzebra] 02/9/2016 16:44

Lol. time will tell i guess. but something tells me they are a quality outfit.

[emeraldzebra] 02/9/2016 12:23

and i think a little bit of a shame and a pity that Roddie (of all people) should effectively be the one being blamed for the short position Phillis would appear to have taken in the shares ! Doing a few sums, i would think the shares look a little too cheap ! lol.

[emeraldzebra] 02/9/2016 11:32

Roddie - a belated 'many thanks'. Have been bobbing about in the sea, and not well equipped with gadgets that i am clever enough to use !

[roddiemac2] 31/8/2016 10:52

Phillis

Whilst all businesses are affected by what economies do, FSJ is less affected than most. They are arguably in markets that will do well regardless of what economies will do, and they are operating in all the " right " parts of the globe.

I remember when one of the many silly tip sheets ( Penny Shares, from memory ) recommended taking profits in FSJ at around 300p. their argument showed absolutely no understanding of the long term potential, and was presumably motivated by their desire to make their short term record look good.

The sea is effectively the " last frontier . " Associated markets are vast.

[phillis] 31/8/2016 09:01

RM
Simple arithmetic
Surely even you can do that?
A business in tune with economic swings

[roddiemac2] 31/8/2016 08:33

emeraldzebra,

NB ---dollar based earnings---

"James Fisher is well placed to face the uncertainties created by the 23 June 2016 Brexit referendum result. The Group trades relatively little with the European Union being focused, outside the UK, on the growth markets of Asia Pacific, South America, Middle East and Africa. A substantial part of the Group's revenues are dollar based bringing at least a short term benefit from any fall in the value of Sterling."

[roddiemac2] 31/8/2016 08:18

To serious investors ,

"Looking forward, we therefore expect to see a resumption of growth for the Group in the second half leading to a good improvement in the result for the full year.

Dividend

The Board believes that James Fisher remains well placed to provide further growth and value for its shareholders. The Board has agreed a 10% increase in the interim dividend to 8.55p per share (2015: 7.80p) payable on 4 November 2016 to shareholders on the register on ----"

A great business in the making.

[roddiemac2] 31/8/2016 08:14

Phillis, spob,

Thank you for your well reasoned mathematical argument.

[spob] 31/8/2016 07:59

not looking

'IS' way overvalued

[phillis] 31/8/2016 07:41

As expected
Looking v overvalued

[illiswilgig] 18/8/2016 09:46

I am very impressed by the way that FSJ management have continued to execute their growth plan and take advantage of opportunities to buy high quality small companies and assets where this fits into the companies specialised niche markets.

I think that they are laying a solid foundation for future growth. Whilst the past may have been about Oil support and servies I think the future will be as much about renewable energy technology and infrastructure and while we maybe dithering over the new build of large nuclear plants the vast amount of work needed to clean up the old ones just keeps growing.

Although FSJ is my largest holding by far I will continue to add if the share price dips significantly,

cheers

[emeraldzebra] 18/8/2016 08:56

Good points Roddie. Like to see much increased volumes traded. Would be v helpful.

[roddiemac2] 17/8/2016 12:04

emerald,

I never say where I think a share price will be at a specific point in the future ( many a slip twixt cup and lip ), but years ago I told other local investors that FSJ was likely to make £ 20 at some point , if they continue to execute their strategy as they have done in the past. When the shares declined to around 950p on misplaced fears about their dependence on oil, it was clear that many investors did not understand the potential here. Coupled with that, there is a prevalence of short term thinking amongst investors today.

bear in mind that interim results will be down on the comparable period last year. However the next six months is likely to be very different.

[bouleversee] 17/8/2016 11:45

Good to hear. Will give a few more to the grandchildren methinks.

[emeraldzebra] 17/8/2016 10:17

And any - i mean

[emeraldzebra] 17/8/2016 10:16

i agree. Any any meaningful uptick in the oil price which is sustained over a reasonable period would add very nicely to an already strong list of specialist services. i think these will nudge towards £20 around this time next year.