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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fisher (james) & Sons Plc | LSE:FSJ | London | Ordinary Share | GB0003395000 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 300.00 | 31,496 | 16:35:26 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 300.00 | 304.00 | 304.00 | 296.00 | 296.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Deep Sea Frn Trans-freight | 520.9M | -11.1M | -0.2205 | -13.79 | 153.06M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:26 | UT | 706 | 300.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/4/2024 | 17:39 | UK RNS | Fisher (James) & Sons plc Annual Report and Accounts 2023 and Notice of AGM |
| 16/4/2024 | 11:41 | ALNC |  James Fisher swings to loss as costs increase but outlook optimistic |
| 16/4/2024 | 07:00 | UK RNS | Fisher (James) & Sons plc Preliminary results for the year ended 31 Dec.. |
| 22/3/2024 | 11:28 | ALNC | James Fisher shares rise as RMSpumptools to be sold for GBP90 million |
| 22/3/2024 | 07:00 | UK RNS | Fisher (James) & Sons plc Proposed disposal of RMSpumptools business |
| 16/2/2024 | 16:30 | UK RNS | Fisher (James) & Sons plc Holding(s) in Company |
| 13/2/2024 | 17:52 | UK RNS | Fisher (James) & Sons plc Notification of Major Holdings |
| 13/2/2024 | 17:50 | UK RNS | Fisher (James) & Sons plc Holding(s) in Company |
| 08/2/2024 | 10:45 | ALNC | James Fisher annual trading in line with expectations; shares topple |
| 08/2/2024 | 07:00 | UK RNS | Fisher (James) & Sons plc Full Year Trading Update |
Fisher (james) & Sons (FSJ) Share Charts1 Year Fisher (james) & Sons Chart |
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1 Month Fisher (james) & Sons Chart |
Intraday Fisher (james) & Sons Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/5/2024 | 08:44 | James Fisher | 2,708 |
| 15/7/2009 | 16:08 | James Fisher 2006: International Rescue (+charts) | 304 |
| 30/6/2009 | 00:47 | *** James Fisher and Sons plc *** | - |
| 13/11/2006 | 09:27 | Screaming BUY>>>> | 1,067 |
| 23/8/2005 | 07:42 | a few problems at james fisher ? | 12 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-05-10 15:35:26 | 300.00 | 706 | 2,118.00 | UT |
| 2024-05-10 15:26:09 | 300.00 | 3 | 9.00 | O |
| 2024-05-10 15:26:09 | 300.00 | 3 | 9.00 | O |
| 2024-05-10 15:22:51 | 304.00 | 2,068 | 6,286.72 | AT |
| 2024-05-10 15:22:45 | 303.70 | 2,500 | 7,592.50 | O |
| Top Posts |
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Posted at 10/5/2024 09:20 by Fisher (james) & Sons Daily Update Fisher (james) & Sons Plc is listed in the Deep Sea Frn Trans-freight sector of the London Stock Exchange with ticker FSJ. The last closing price for Fisher (james) & Sons was 300p.Fisher (james) & Sons currently has 50,347,663 shares in issue. The market capitalisation of Fisher (james) & Sons is £153,056,896. Fisher (james) & Sons has a price to earnings ratio (PE ratio) of -13.79. This morning FSJ shares opened at 296p |
Posted at 05/5/2024 21:55 by galoot Baird Maritime.... 29 April 2024In early 2020, when the UK’s James Fisher and Sons had a market capitalisation of over US$1.3 billion, we asked whether there was “something fishy at James Fisher.” None of the company’s numbers made any sense to us, and the metronome-like consistency with which the company reported earnings growth across all four of its divisions every year for years, whilst bingeing on random acquisitions and adding good will to the balance sheet, seemed inexplicable – suspicious, even. Since we wrote our piece, the wheels have completely fallen off the company. Write-down after write-down has followed, the business has had three CEOs in five years, and earnings have collapsed. But don’t worry, it now has a gender inclusivity target on page 26 of the presentation! The company sold its two subsea and diving vessels Subtech Paladin and Swordfish for cents on the dollar at the bottom of the market in 2021 and 2022. It has now announced that it will be closing the Subtech Europe office, incurring a loss of around US$4 million. 90 per cent value destruction for shareholders Today, James Fisher and Sons is worth approximately US$150 million. The charitable trust that is the company’s largest shareholder has seen the value of its investment seriously damaged – and yes, we did point out that the trustees were extremely ill-advised to have doubled down in 2021 and bought more shares in the business, as the torrent of bad news showed no sign of abating. Since then, the shares have fallen another 66 per cent and now stand at 276 pence, back where they were in 2004. The trustees should perhaps focus on the fact that their primary responsibility is to the charity, and to its ability to fund its charitable causes in Barrow-in-Furness, not to supporting the share price of the marine company that is their largest investment. The latest set of annual results (here) announced two weeks ago show the extent of the wipe-out. As usual, James Fisher’s embattled management focused on “underlying operating earnings” of £29.6 million (US$37 million). Unfortunately, these underlying operating earnings exclude the small matter of the company’s finance charges, the cost of refinancing the business, taxes, and the cost of restructuring its disastrously ill-managed businesses. Again, we counsel readers to ignore such obfuscation and focus on the bigger picture and the actual reported numbers. On a fully inclusive basis, taking into account all these pesky details (because, you know, tax is actually a cost, as are interest and refinancing charges), James Fisher and Sons lost £18.6 million (US$23.3 million). Ouch. Asset-light because barely any assets remain Now the company has announced that it will be selling off RMS Pumptools for £90 million (US112.5 million) in an effort to stabilise the balance sheet, which had over US$180 million of debt at the end of 2023. RMS makes drilling intervention tools and artificial lift equipment for oil and gas companies. James Fisher has also sold off its nuclear business. Looking ahead, James Fisher says that it wants to be “a services company operating in the Blue Economy, leveraging market and customer synergies” with a claim of becoming “asset-light with a focus on pooling assets, people and resources.” Given that there are barely any assets left, this seems appropriate. Our bet is that the remainder of the business will be bought by a private equity company and leveraged up again. Its bubble curtain business will be attractive to green investors like Cyan Renewables and other sustainable investors – bubbles curtains are deployed to shield the marine environment from the noise of windfarm piling. The sad tale of James Fisher is a reminder of the line from the HBO miniseries Chernobyl about the Soviet mismanagement that led to the destruction of the eponymous nuclear plant: “Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid.” |
Posted at 30/4/2024 14:38 by simon gordon Cheers, Rivaldo. The writer called the crash in the share price almost to perfection with his first piece in 2020. Question is, can the new management team get defence and what's left of the energy division growing? Maritime looks fairly solid though cyclical. |
Posted at 28/3/2024 00:04 by kinwah I would be very surprised if the situation was as bad as Kinovo. Kinovo allowed the acquiring company to spend willy nilly on contracts with Kinovo funding all the working capital requirements. FSJ provided parent company guarantees to back contracts between Magnox and JFN. I think there will be scope to argue the contracts were unfair and Magnox will end up shouldering a good proportion of any additional cost. It's not in Magnox's interest to be overly tough on its contractors as otherwise everyone will withdraw from the market. My guess is FSJ can delay any adverse impact from the JFN collapse until the other group businesses are recovering nicely. |
Posted at 24/3/2024 13:11 by simon gordon ChampionX - 22/3/24:ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in International, THE WOODLANDS, Texas, March 22, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX&rd Under the terms of the agreement, the net purchase price is approximately £86 million (approximately $110 million at the current exchange rate) inclusive of net working capital adjustments. The integration of RMSpumptools technology will enhance ChampionX's Production and Automation Technologies portfolio, providing added value to the Company’s customers worldwide. The acquisition will further strengthen the Company’s presence and participation in a broad range of international markets including the Middle East, Latin America, and global offshore developments. The Company anticipates that RMSpumptools will achieve approximately $65 million in 2024 revenues and approximately $18 million in 2024 adjusted EBITDA. ----- With Subtech Europe closed (£40m t/o) and RMS sold (£43m t/o) that will probably take annual turnover down to c.£400m. I've done this crude calculation of what 5%, 10% and 15% operating margin produces on a 10x rating. Based on £6m in interest payments per anum. FSJ -T/O: £400m -Operating profit margin: 5% -Operating profit: £20m -Market cap: £200m = 10x operating profit -After interest costs = £14m pbt x 10 = £140m divided by 50.4m shares = 277p FSJ -T/O: £400m -Operating profit margin: 10% -Operating profit: £40m -Market cap: £400m = 10x operating profit -After interest costs = £34m pbt x 10 = £340m divided by 50.4m shares = 675p FSJ -T/O: £400m -Operating profit margin: 15% -Operating profit: £60m -Market cap: £600m = 10x operating profit -After interest costs = £54m pbt x 10 = £540m divided by 50.4m shares = 1071p Maybe they can get close to a 10% operating margin in 2025. With possibly some topline growth as well. A 15% operating margin may take several years. The alpha in 2024 is a chunky defence order. The special forces sub was in trials with the US Defence Dept in Norway and Florida, according to Mr Staveley. JFD Special Ops website: The near-term and well-qualified opportunities at JFD are £270m, according to Jean Vernet, Sept 2023. Still, it looks like it could be 2025+ before it seriously re-rates. |
Posted at 14/2/2024 17:23 by bottomfisher It is not a good sign when a company’s biggest shareholder starts selling shares for the first time in 45 years at the lowest price in 20 years. But that is what has just happened with the Sir John Fisher Foundation selling 891,000 shares, or a 1.8% stake in James Fisher (FSJ), for well below £3.The Sir John Fisher Foundation, whose charity work has been almost entirely dependent on the income from its Fisher shares, says that the proceeds of the share sale provides it with enough liquidity to deliver its charitable objectives for at least the next two years, and it remains a “supportive and long-term shareholder” with a 21% stake. The share sale has been more than matched by the disclosure that Fidelity has acquired a 6.26% stake, equal to around 3.16m shares. Since Fidelity is not listed as a major shareholder in the company’s last annual report, one must assume that it has acquired the shares recently. Good news perhaps, but who was the seller of the extra 4.5% stake which enabled Fidelity to acquire its 6.26% stake? |
Posted at 11/2/2024 18:28 by bottomfisher How important is James Fisher’s decision to cease operations at Subtech Europe, disclosed in last week’s full year trading update?There is no sign of a company called Subtech Europe in the voluminous list of FSJ’s subsidiaries and associates at the back of its 2022 annual report. The name suggests that it is part of JF Subtech launched in 2021 which used to be home for the two diving support vessels which had to be sold to help repair FSJ’s heavily indebted balance sheet. Subtech Europe generated £40m of revenue in 2023 according to last week’s statement, which is close to a fifth of the revenues of the old marine support business, now part of FSJ’s energy business – its largest division. Could nervousness that the closure of Subtech Europe could further weaken FSJ's over-stretched balance sheet help explain the sharp fall in FSJ’s share price despite the fact that “overall underlying trading” for 2023 was in line with market expectations? |
Posted at 05/12/2023 14:28 by darrin1471 James Fisher Renewables was launched in 2021 to group together a group of services FSJ already provided under a single brand to appeal to the offshore windfarm industry.From the last annual report: "for example within the Energy division there is an increased focus on selling the Group’s full suite of products and services into the Renewables market with positive feedback from offshore windfarm asset operators that the Group’s offering, which spans across the development and operating life phases of wind farms, is uniquely differentiated from competitors" also "In particular, there is one CGU which operates in the maintenance and safety operations for offshore windfarms for which the five-year growth expectation is estimated to be 29% reflecting the high growth potential in the renewables market" Renewables is a good growth area for FSJ but it is a small part of the overall business and unlikely to be a major factor in the share price recovery. |
Posted at 04/12/2023 17:01 by darrin1471 r88ave. FSJ is a conglomerate of maritime businesses. I can not see any numbers specifically relating to wind farms but I would guess that it is less than 10% of FSJ revenue.The contribution from wind farms is unlikely to be a driving force behind the FSJ share price over the short or medium term. I hold no position, long or short in FSJ. Just watching for now. |
Posted at 29/3/2023 20:04 by bottomfisher The new ceo seems to be really shaking up Fisher’s management team. Over the last month or so Fisher has appointed a new group general counsel Jean Francois Bauer (a near 30-year Schlumberger veteran), and new heads for two of the group’s three divisions. Rob Hales, the new head of defence is ex-Serco, and Neil Sims, the new head of energy comes from Expro.Meanwhile, the collapse in Fisher’s share price and the abandonment of the dividend must be causing considerable soul searching amongst the trustees of the Sir John Fisher Foundation, the biggest shareholder, which owns 11.49m FSJ shares, or 22.79% of the company. Virtually all of the charity’s assets are tied up FSJ shares and until recently the company was relying on its Fisher dividends to finance its annual donations of around £3m a year to over 70 local worthy causes mainly in the deprived surroundings of Barrow in Furness, its home town. The charity does not appear to be represented on the Fisher board but according to the charity’s annual report has hired John Lawson, a former City shipping analyst, to advise it on how to contain the risks involved with the charity being almost totally dependent on the movement of the share price in just one company. It would make sense at some stage for the charity to diversify its portfolio and substantially reduce its reliance on its income from Fisher’s shares. This is one reason why Fisher’s current depressed share price could attract a predator. However, the recent disclosure that the company will retain some parent company guarantees to support the obligations of JF Nuclear following its sale could temper any potential predator’s enthusiasm. |
Posted at 15/11/2022 07:46 by illiswilgig 'Any thoughts on why there is such a difference in the relative share price performance of the two companies?'I'll have a go. One word. Debt. Two words. Debt and Profits. Ashtead debt is small relative to market cap 10% Fisher debt is large relative to marketcap > 100% Ashtead profit forecasts have been rising whereas Fisher profit forecasts have been falling. Slightly longer comparison. AT. Mcap 240m net debt 22m revenue (historic) 56m FSJ Mcap 154m net debt 205m revenue (historic) 499m Ashtead Technologies is a global subsea equipment rental business. More than likely that James Fisher is a customer of Ashtead. AT has been growing faster than FSJ in recent years 14% annually over the last 5 years. Whereas FSJ turnover has gone backwards. Slightly. AT is highly rated (for a bear market) at 54x historic profits and 18x forecast profits for FY22. FSJ is rated at 57x (historic) profits and 26x (adj) forecast for FY22. Arguably FSJ is current;y more highly rated than Ashtead? Rental businesses have been doing well through the last couple of years. James fisher rental business in its offshore business has been its most profitable in this period. Ashstead has to keep growing fast to justify its current high share price - even faster for the share price to grow. FSJ has to succeed in its turnaround to justify its current share price and it can rise substantially IF it can fix its problems, return to growth and pay down debt. At the moment with interest rates on the rise - FSJ share price has been held back by lack of news on recovery and the perception of cashflow being diverted into rising interest payments instead of paying down debt and investing in growth. Fisher looks the higher reward but is clearly higher risk until there is news on current cashflow and debt. I couldn't resist it - bought a few more FSJ at recent lows cheers |
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