Fisher (james) & Sons Share Discussion Threads

[pawdaw] 23/11/2017 20:38

Last year's trading update was 22 Nov, so have been expecting same by the end of this week. I regard FSJ as a very straight company and would think it unusual if anything had leaked today to bring about the late rise in share price Still, I'll take the rise anyway.

[bouleversee] 01/11/2017 09:34

Thanks, Roddie.

[roddiemac2] 01/11/2017 09:00

boule,

last yr they gave a trading update on 22/11/16.

[roddiemac2] 01/11/2017 08:50

bouleversee,

F/y was 1/3/17

[bouleversee] 31/10/2017 10:50

roddiemac -

When will there f/y results be announced? Not for a while, presumably. February?

[roddiemac2] 31/10/2017 09:46

bouleversee,

Well done on VCP. No, I don`t hold them.

Volume here will likely increase immediately following the announcement of results. There seem to be an unusually high percentage of long term holders. ( fairly tightly held )

[bouleversee] 25/10/2017 11:01

P.S. to previous:

I meant to ask if you can explain the tiny bargains (in one case only 1 share and several under 10 yesterday) and the paucity of deals altogether in FSJ, assuming the figures shown on IWeb's research page are correct. I see they were down to l522 around 9.30 this morning.

[bouleversee] 25/10/2017 10:54

Roddiemac -

You are right, of course, as always. It's just that I am used to seeing only 1p or so difference in prices whereas the price I am offered to buy is about l2p more than the mid price shown on my p/f valuation but it doesn't actually amount to much when you work it out. Just my tired, old brain being slow.

More important is when the share price is likely to get back to where it was earlier in the year, for which a crystal ball is needed. I daresay that if I sell at a price lower than it was when my husband died, the price will immediately shoot up (as it has done with others I sold at a loss, e.g. Pearson, and if I buy them back in my ISA to hedge against this, it will go further down since I always seem to manage to do the wrong thing. Doesn't really make much difference in the great scheme of things so I may just toss a coin and get it over with.

You don't hold VCP by any chance, do you? My astronomic paper gain on that will, I think, compensate for most if not all of my other losses, till it also disappears in a puff of smoke, that is and if one ignores tax implications. All a bit too good to last.

Many thanks for your support.

[roddiemac2] 24/10/2017 20:29

bouleversee,

the current spread is less than 1%. That is not a big spread . I hold one small stock where the spread is 67/74 (10%+ ). I have a large holding in CML; the spread today was 455/470 ( 3%+)

I hope you are well.

[bouleversee] 23/10/2017 16:25

Is there always such a big spread on FSJ shares? I still haven't managed to sell the ones I need to sell from my late husband's estate as they have continued down rather than recover. I thought I might buy more in my own ISA acct. today and then sell when the price would recover the costs but although the portfolio valuation and research indicative price was l541, the online quotes I received (within seconds of each other) were 1554.56 to buy and l542.77 to sell. I haven't bought any for many years so don't know whether this is normal but it's a bit of a turnoff and in the end I didn't buy or sell. I had expected them to have returned to around £17 by now, as tipped.

My other selling dilemma is SSE, whose price has also dropped hugely since my husband died and was a much larger holding. I can't see them getting back to £15.54 in a hurry either, though I thought there might be a selling opportunity today as I heard that the govt. was backtracking on the cap. I need to get on and finish the admin. so am going to have to cut my losses. (Apologies for being OT)

All very tedious when one can't set a limit.

[emeraldzebra] 21/9/2017 08:44

Apparently there is a buy note out there on the shares today somewhere.

[emeraldzebra] 15/9/2017 16:57

Many thanks Roddy.

[roddiemac2] 14/9/2017 16:41

emerald ,

On most days trading is made up of many small deals. There is often little or no logic behind short term price movements . The best we can do is to recognise when a share is cheap and when it is overvalued. I try to concentrate on the story and and what I perceive to be the prospects. Many shares have drifted in recent weeks; I have just bought more CML shares , which have also drifted despite being financially very sound, and having very good growth prospects.

[emeraldzebra] 13/9/2017 16:30

it moves around like hell (often negatively !) on tiny volume -- for some unknown reason....

[roddiemac2] 11/9/2017 20:23

Investec are forecasting a pre-tax profit of £50.7m for the year to December 2017, and EPS of 84.6p ( last yr.£45.8m and 76.3p )

The Investors Chronicle says " The company has continued to grow underlying profit and margins despite tough market conditions due to its geographic and operational spread. Given the group`s defensive nature, and the fact that the shares are trading near our buy tip valuation at 19 times earnings, we see no reason to lose faith at this stage "---Buy.

[phillis] 31/8/2017 16:33

Illis
:-)

[bouleversee] 30/8/2017 20:01

The maddening thing is that whereas I can deal online with my sprogs' accounts, as executor I can only deal by post or over the phone and I had to fight to get permission to do the latter and the price started going down as I was going through the endless security and admin procedures and getting a quote, which I declined as I thought it would buck up after lunch but it continued to fall instead. Clearly I should have done the selling before the buying.

Shows how much I understand as I thought a 10% increase in the div. and what looked to me like reasonable results with a suggestion of much better things to come in the 2nd half were justification for the increase first thing. But then, I didn't understand why they had fallen so low anyway. As they are collectively the family's largest holding, it's very disappointing and a tad worrying.

[illiswilgig] 30/8/2017 18:36

bouleversee,

Yes the results were ok. Nothing special and so no reason to move the shareprice overall.

There are promising signs and the directors are promising a good full year result but I don't expect the market to reverse its current negative sentiment until some positive newsflow occurs and/or the company raises its profit expectations.

In the meantime who knows what the shareprice will do? But perhaps you can take comfort that my timing is no better than yours in the short term!

cheers

Illis

[illiswilgig] 30/8/2017 18:18

Phillis,

It was only a clue :-)

You see where the turnover has gone wrong, you can work out where the missing profit is? You need to do some work yourself?

But in case you can't - try reading the second table right below the first one!

Cheers

Illis

[roddiemac2] 30/8/2017 17:58

bouleversee,

Predicting short term share movements is difficult. There were four large trades marked as sells just after 12am . ( 3 trades totalling 143,794 shares at 1580p, and one trade of 75,397 shares at 1578.42p) Thereafter the price drifted in the usual small volume.

[bouleversee] 30/8/2017 14:51

Can anyone explain the strange trajectory of the share price today. As the results seemed to have been well received, I topped up in my sprogs' ISAs at £15.94 with the intention of selling those in my husband's estate when they had risen a bit more as I expected they would but instead they immediately started to fall and are now not much over £15.40. I can't win!

I'm sure they will be OK in the long run but I need to sell the estate shares as soon as possible.

[phillis] 30/8/2017 13:24

" Woefully short in producing a profit"
This means something different

One day Rodders, one day

[illiswilgig] 30/8/2017 11:39

Phillis,

I know where the turnover increase has fallen woefully short. I referred to it in my message above.

What surprises me is that you don't appear to know where the turnover increase has fallen woefully short?

Here's a clue. Read the first table in the H1 report.

cheers

Illis