Fisher (james) & Sons Share Discussion Threads

[illiswilgig] 23/3/2020 14:46

PS - I am one of the buyers refusing to buy at the moment. Tempting though it is. I will wait to see if its cheaper tomorrow. I may miss the boat, who knows?

cheers

[illiswilgig] 23/3/2020 14:45

Hi Boule, another tough day I see.

It can be hard to remember that in a relatively few momths a lot of countries will be through the epidemic and out the other side. There may be a few that have failed to either lock it down or let the fire burn and are still stuck in limbo. I reckon Germany is just about to turn the corner and some of the smaller northern european states. Maybe even France they have locked down tight like China and Korean did.

Sadly in the UK we are still messing around and have failed to get serious.

Once the signs of more countries getting through it are more clear then the market will respond and become much more selective.

In the meantime anything could happen for the next few weeks. Buyers don't have to buy the share. If there are forced sellers and no buyers - then the price does not reflect the future value of the company, just the desperation of the sellers? Hence there will be strange movements dependent upon the need to sell?

stay well,

cheers

[bouleversee] 19/3/2020 18:51

Strange that FSJ was down so much today when the market was up generally and some shares went up a decent amount.

[illiswilgig] 18/3/2020 16:26

Don't forget with all the panic that this disease is very infectious but nowhere near as fatal as SARS, MERS etc. It is necessary to pull out all the stops to prevent any more people than necessary from dying either from the disease, or from the inability of the health service to do anything else. So the medicine is worse than the illness. That's speaking economically of course, not so valid if you are dead!

On the other side most companies will still exist, who owns them might be open to some question, but we will get to the other side in a few months, or at least have sight of it, and the stock market does look ahead. Right at the moment its looking towards the worst point, when it will look past? Who knows?

Good luck and stay well!

[illiswilgig] 18/3/2020 16:20

Similar boat, just got a bigger hole in mine!

Hoping if I sink that Fisher will send down a submersible to rescue me. Nice to see the CEO buying,

Keep baling!

cheers

[roddiemac2] 17/3/2020 22:02

boule,

The shares are , as is usually the case, trading in small amounts . We just have to live with it. You could not buy a sizeable amount here without lifting the price. There are few brave enough to buy right now.

I am in the same boat as you, having lost hundreds of thousands on paper: ainsi va le monde. Sit tight.

[bouleversee] 17/3/2020 20:10

I have just looked at 2 of my ISAs where most of my money is, or should I say was, plus my dealing acct. p/f which I hadn't yet got around to transferring to ISA and I nearly had a heart attack. Pretty well all my gains have turned into big losses. I haven't yet looked at the 2 fund ISAs and my certificated portfolio but they will probably be worse. I should think I am losing at least 60% of my capital, several hundred thousand, which isn't funny after taking a lifetime to build it up. I probably don't have very long to sit it out. I have had some nasty losses in the past but this is beyond belief. Wasn't it Buffet who said "Let your winners run". Thanks a bunch. I should have taken the gains and given more to my sprogs but was too busy battling with the NHS to get a diagnosis.

Having seen what my housebuilder shares (I had a holding in Persimmon) have done in the past couple of weeks, I'd better see what Zoopla are saying about my house value. I doubt if I need any longer worry about losing the RNRB. On the whole, however, I'd rather have paid it!

My over-wide diversification (too many holdings to keep track of) doesn't seem to have helped in the present circumstances since everything seems to be down.

[ottrott] 17/3/2020 19:37

Bouleversee, I think it is just panic selling. More popular stocks have sold off even more. And all on reasonably low volumes. PI's selling at all cost plus a buyers strike. Nothing to do with company fundamentals. Just have to sit it out. IMHO

[bouleversee] 17/3/2020 16:28

I see the new CEO bought 1729 shares yesterday at a price of 14.37, pour encourager les autres presumably, which it appears to have done briefly but share price now back to around what he paid.

I really don't understand why the price of this company should have fallen so much. Surely most of the work they do will have to carry on under existing contracts. Is this just mass hysteria? I am tempted to add to my and my family's holdings but we have rather a lot between us already. Too late for today anyway. The day is nearly over before I have finished all my chores now I have no help.

[roddiemac2] 16/3/2020 18:42

illis,

I have apples pears and greengages .

As you say, picking the companies likely to survive is no easy matter. I am stuck with what I have got---at least a couple that may not survive.

I have added to SFR and FSJ.

Under normal circumstances , I would not look at FTSE 100 stocks , but I have been looking at TSCO as a possible buy.

[bouleversee] 16/3/2020 18:09

I had seen that, thanks, and couldn't understand it. What is the definition of a civil crime?

How things have changed. Many years ago, we were burgled in our previous house. The police were very attentive. I don't know whether they caught the thieves but at least they arrived promptly and we got compensation through them for damage to a rather valuable Davenport and a visit from someone who offered counselling. We claimed on our insurance for stolen items. Not worth claiming on this occasion.

[jeffian] 16/3/2020 16:21

Hi bouleversee,

Our paths haven't crossed for a while but we have exchanged comments in the past on various fora.

Sorry to hear of your handbag saga. I don't know if you saw this story (click link) but it doesn't bode well for the idea that the police will do anything at all, I'm afraid! Too busy pursuing 'hate crimes', I expect.

[bouleversee] 16/3/2020 11:02

At any other time, the theft of my handbag and contents, inc. about £50 cash, would have been a major stress. However, compared with the massive paper losses on my p/fs, increasing by the day, and facing 6 months or more self-protecting self-isolation, which I have already started, the theft has proved to be merely an entertaining diversion with some extraordinary co-incidences and happenings which could be the basis of a short TV drama which I might actually attempt once I have got my affairs in order and if I manage to avoid the dreaded virus long enough; it would almost certainly be fatal in my case.

There are two ways of looking at things, however. The drop in share prices has substantially reduced the amount of IHT that would be payable on my death. It's rather too late to give away more as it will be something of a miracle if I survive another 7 years so instead of self-isolating, should I be exposing myself to the virus so my heirs can get their hands on my estate and be ready to invest it before the post-virus bounce? I find it difficult to engage my brain on that, however, and would much rather keep amusing myself by contemplating the reaction of the thief when he discovers the Mulberry handbag was actually a fake and his possible arrest, having been caught on CCTV and identified, if the police ever get their act together which is sadly unlikely, however. They still haven't been to see the CCTV images or to interview me. Probably too busy breaking up fights over loo rolls. LOL.

[roddiemac2] 16/3/2020 10:01

No meaningful volume at these prices:- 6,0000 odd shares in over 100 small trades.

[roddiemac2] 16/3/2020 08:59

illis,

We have been a little premature with our top ups! Calling the bottom will be difficult.

[roddiemac2] 28/2/2020 09:46

The bulk of the small trades would appear to be algorithm generated.

My broker thinks that if we don`t get a bounce in the next week or two the market could lose another 1,000 points.

This morning I managed to get 1,000 shares @ 1,682.61 . If the shares go lower , I will buy more.

[illiswilgig] 28/2/2020 09:16

Well thats surprised me!

The real price turns out to be 1608 - but is it real? The volumes of the last trades (delayed by 165 minutes on the LSE are

50
8
21
9
6

Who is selling 6 shares right now?

Just for fun I've bought 179 online and the price was 1652. I was rather surprised to get a quote. Only time will tell if this purchase turns out to be as previous as my earlier attempts.

[roddiemac2] 27/2/2020 21:10

There were 391 trades shown on ADVFN making a total of 53,516 shares. If you deduct the largest trade , shown as a buy ( 23,938 shares ) and the uncrossing trade ( 10,738 shares ) then 18,840 shares were traded in 389 separate trades. the average trade is therefore 48.43 shares: There is no sign of large sellers. Buys are shown as 343,592; sells are shown as 17,980; 944 unknown. Market makers have had a field day. In the banking crisis the shares halved BRIEFLY in similar trading. A lot of small traders triggering stop losses can drive a price to "artificial" lows.

[roddiemac2] 27/2/2020 20:24

onceatrader,

Twitter is not used by the old hands here, myself included.

We are aware of the impairment. The company is more than capable of compensating for the loss.

[illiswilgig] 27/2/2020 19:54

Agreed, twitter is a step too far for me.

My loss I know,

cheers

[illiswilgig] 27/2/2020 19:53

What do these price monitoring extensions signify?

It's a normal market process. At the market close the automated system holds a 5 minute auction to determine the closing price. If the matching price is more than 5% (normally) from the price before the auction a 5minute extension is entered - and a second one if needed.

I notice that the closing price has been set at -5% from the price immediately before the close of play.

Therefore I don't expect this to be a real price. But time will tell.

cheers

[bouleversee] 27/2/2020 16:51

What do these price monitoring extensions signify?

[bouleversee] 27/2/2020 16:50

Not much help for those who are not on Twitter.