Fisher (james) & Sons Share Discussion Threads

[roddiemac2] 13/7/2017 09:20

Offshore Decommissioning

"Many of the structures producing oil and gas have a limited lifespan, often 25-40 years, and an increasing number are due to be taken out of service. When redundant, they must be removed and disposed of, ensuring that the surrounding area is safe from environmental contamination. Decommissioning has become a major business within the oil and gas industry and is a lengthy and high cost operation.

Decommissioning of existing North Sea oil and gas facilities is projected to cost £24-36bn over the next 30 years, a fruitful field for specialist companies in the region."----

[roddiemac2] 13/7/2017 09:15

emerald,

The following announcement may well lead to FSJ gaining work in this area . I will investigate further. My understanding is that , to date, there are no UK companies doing major decommissioning contracts . I will try to speak to someone in FSJ later today.

"First Rigs to Arrive for Decommissioning in Great Yarmouth
10 JANUARY 2017
The Veolia and Peterson partnership has been awarded two platform decommissioning contracts for recycling at their facility in Great Yarmouth. With an aim of reaching 96% recycling rates the work to recycle materials and assets is expected to begin in Spring 2017 when the platforms arrive onshore."

[emeraldzebra] 13/7/2017 05:40

apols fat finger

[emeraldzebra] 13/7/2017 05:40

Roddie - the small trades you mention are probably 'algorithm generated' too ?

[emeraldzebra] 13/7/2017 05:40

Roddie - the small trades you mention are probably 'algorithm generated' too ?

[emeraldzebra] 12/7/2017 13:14

thanks Roddie -roll on the company making it into the FTSE 100 !

[roddiemac2] 12/7/2017 12:56

emerald,

the shares ran up from 1600p and back down again in predominantly very small trades. With one exception today has been no different
Today there was a sell of 12,000 and one buy of 1500 and one of 1,000 . If you deduct those three trades from the total no of shares traded as shown a few minutes ago , then there have been 172 other trades totalling approximately 9,100 shares.That represents an average trade size of 53 shares = of approximately £800 .

[emeraldzebra] 12/7/2017 11:10

Roddy : property is only over valued in parts of London - largely because it is such a fabulous city. See it as a bargain in many other (beautiful) areas elsewhere - especially north of Birmingham and parts of the South West.! Sure your caravan has its benefits though !
Bouleversee seems to have been very badly advised on her ISAS- given the direction of the market for the last few years. FSJ probably not the right fit and would go for a spread of sector and geography in her case. RIT Capital, Herald Investment Trust, Schroeder Oriental Income, Jupiter European Opportunites, Mercantile Investment trust all done us well over the years.

[emeraldzebra] 12/7/2017 09:47

big drop on tiny volume. bit odd ? looking like a bargain again....

[roddiemac2] 11/7/2017 21:28

The answer might be to take some profit . I too am overweight in FSJ.

Property: --I see property as grotesquely overvalued . It has been something of a rigged deck for far too long. Government should get its messy fingers out of the market and simply ensure that more truly affordable houses are built.Will that happen? ---probably not. Instead they find ways of indirectly propping up prices ----"help to buy schemes " etc----help to buy at the wrong price. If property prices collapsed from here , the banks would lose some of their asset backing and need bailing out all over again. Sadly , in a consumer society like ours, too much "wealth" is tied up in property, consequently people have less disposable income. we are leaving a poisoned chalice for the next generation. I have side stepped this destructive property madness. I sold my house fifteen years ago , invested the proceeds in shares , and bought an old caravan on a lovely site. My old house has doubled in value since I sold, but my investments have grown tenfold. I might sell my caravan and live in a tent!

[bouleversee] 11/7/2017 19:28

My family have held them for many years and so we are overweight. If they collapse, it won't be funny. However, as to where else one can get a decent return, I really don't know the answer. My last few years' contributions to equity ISAs are down about 25% so I would have done better to leave the dosh languishing in cash as it turns out. Wish I'd stayed in property.

[roddiemac2] 11/7/2017 19:04

PS---"It is never wrong to take a profit"

[roddiemac2] 11/7/2017 19:01

bouleversee,

No crystal ball here.

After the run up to over £17 , some profit taking is understandable, but,so far,has not been accompanied by high volume.

Interim results are due on the 31 st. of August, but the company has already stated that growth will be weighted to the second half.

I am a holder , because I do think the company looks good for the long term. The list of major shareholders totals 60% with some holding for many years.

Some investors say that due to political and economic uncertainty the market is due for a correction. However, where else can you get a decent return on your money? I look at market corrections as a chance to buy more of the shares I like.

[bouleversee] 11/7/2017 11:15

roddiemac2:

Thanks for the reassurance. However, they are quite a lot down from a month ago, aren't they? Still, not as bad as some of my holdings, many of which have dropped like a stone (e.g. Carillion yesterday) whilst waiting for probate (my husband died at the end of November) and before I could do the administration which I am just starting on. Difficult to know which to sell and which to keep; I need to realise cash for legacies to children. CLLN had been on the sell list but missed the boat now.

Do you still feel Fisher is a long term hold and what do you think it's likely to do in the immediate future? That's assuming you have your crystal ball handy!

[roddiemac2] 10/7/2017 13:05

PS --Since few shares have been traded in recent days , you can conclude most holders are happy to hold.

[roddiemac2] 10/7/2017 12:58

bouleversee,

Pitifully small volume today simply tells us that : nothing more. There is nothing weird about the trades.It is common to see a clutch of tiny trades in this stock.

[bouleversee] 10/7/2017 11:06

Well, they're not having much success. Why the drop?

[phillis] 10/7/2017 10:57

weird trades today
looks like someone is trying to keep the share price up

[quepassa] 26/5/2017 16:50

Good. Please do.

[bouleversee] 26/5/2017 14:13

Oh dear! Will filter your posts.

[phillis] 26/5/2017 08:42

I see the troll from Ezj has appeared here
Sorry for that

[phillis] 19/5/2017 14:23

might -but doesnt appear to
Look at 5 year record and declining ROC