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Fisher(j)& Sons Share Chat (FSJ)

Share Price: 1,876.00Bid: 1,870.00Ask: 1,876.00Change: -12.00 (-0.64%)Faller - Fisher(j)& Sons
Spread: 6.00Spread as %: 0.32%Open: 1,866.00High: 1,886.00Low: 1,860.00Yesterday’s Close: 1,888.00

Share Discussion for Fisher(j)& Sons

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Posts: 452
4 Dec '18
Best wishes for the future Mr Henry, it is sad to see you go, you will be an hard act to follow!
Posts: 1,133
Opinion:No Opinion
Share price
1 Nov '18
I remember me and my mate bought1000 shares in this In the late 90's when the sp was 55p and my mate convinced me that we should sell them at 80p...bad mistake.
Posts: 452
Opinion:No Opinion
RE: outlook
9 Oct '18
Looking even more better!!
Posts: 452
1 Oct '18
looking better!
Posts: 102
Opinion:No Opinion
RE: Sold after poor trading statement
4 May '16
I think both strategies have delivered results.
Posts: 25
Opinion:Strong Buy
Rosy Future
10 Mar '16
I have been told to take a look at FSJ and have taken a small holding. Hopefully a Rosy future especially if the oil price revives.
Posts: 2,563
Opinion:Strong Buy
FSJ, BULLISH Double Bottom On Chart
27 Oct '15
FSJ James Fisher , Shipping and marine services.

FSJ, J Fisher,double bottom on chart , 2nd half forecast to be stronger than 1st half, Trading Update early NOV.

Posts: 1,287
Opinion:No Opinion
RE: FSJ dropped from FTSE250
16 Sep '15
It will be interesting to see if there will be any big sellers.
I'm kind of hoping for a bargain here and am probably quite ambitious in hoping for around £8!
Posts: 6,551
Opinion:No Opinion
FSJ dropped from FTSE250
16 Sep '15
FSJ have now been dropped out of the FTSE250 following last night's FTSE rejig after the poor results:


And Canaccord have dropped their price target to 1050p:


The latest broker forecasts from Singer and Canaccord are for around 66p EPS this year and 66p-69p EPS next year.

I'd say a price of around 900p-1000p would be fair value at present given the above.
Posts: 6,551
Opinion:No Opinion
RE: Sold after poor trading statement
27 Jul '15
You were saying...:o))

Hindsight has now shown selling to be correct, with the price down to 1162p.

FSJ have already stated that this year's upcoming H1 results will be worse than last year's. Offshore Oil will obviously be suffering in particular.

Investors are selling off in anticipation of these results in late August, particularly as FSJ are on a reasonably high P/E of 16 or so. This was fine when FSJ were on a growth path, and was why I was happy to hold, but now that the outlook is uncertain - FSJ have to deliver on their promise that H2 will recover the H1 decline - the valuation looks somewhat stretched.

Happy to buy back in if and when the numbers look better as FSJ is a good company, but will wait on the sidelines for the moment.
Posts: 102
Opinion:No Opinion
RE: Sold after poor trading statement
8 Jun '15
Hindsight has shown this to be a mistake. It is all too easy to sell low and buy high!
Posts: 1,287
Opinion:Weak Sell
RE: Sold after poor trading statement
30 Apr '15
I too will be on the sidelines for £10....fsj can be quite volatile but a solid company none the less.
Posts: 6,551
Opinion:Strong Buy
Sold after poor trading statement
30 Apr '15
I sold this morning in tranches straight after the bell. Bit of a wrench after all this time....

I was surprised at the extent and effect of the prior year one-off contracts, and the lower H1 profits will not look good and will put FSJ on a pretty high rating.

The share price could drift back to 1000p (or lower if the oil price environment continues to be weak), so best to protect quite large profits after what's been a great run.

I'm sure I'll be back in at some stage as FSJ will bounce back, but that may not happen for another 8-9 months.

Good luck all.
Posts: 6,551
Opinion:Strong Buy
New bargain acquisition
28 Apr '15
Looks like FSJ have just acquired a bargain from the administrators....


"James Fisher Offshore buys Specialist Subsea Services Limited assets

The assets and intellectual property of ROV and offshore survey company Specialist Subsea Services Limited have been sold to James Fisher Offshore.

Blair Nimmo and Geoff Jacobs of KPMG LLP were appointed as Joint Administrators of Specialist Subsea Services Limited on 25 February 2015.

The Company’s key assets were five ROV’s and a significant amount of subsea survey equipment.

Immediately following the appointment, the administrators implemented an accelerated marketing process for the business and assets.

Following the closing date for offers, James Fisher Offshore Limited was awarded preferred bidder status for the Company’s assets on 20 March 2015.

Certain assets were situated in various locations across Europe. This additional complexity necessitated significant time and effort to be invested by all parties involved to achieve the optimum transaction structure.

Following the period of exclusivity, the Company’s assets and intellectual property only were sold to James Fisher Offshore Limited on 17 April 2015.

Blair Nimmo, joint administrator and head of restructuring for KPMG in Scotland, said:

“We would like to thank everyone involved for their significant efforts in helping to deliver this outcome. We are very pleased to have concluded the sale of these assets to James Fisher Offshore which will provide the best outcome for the Company’s creditors and may also generate the opportunity for future employment. We wish James Fisher Offshore every success for the future.”"
Posts: 6,551
Opinion:Strong Buy
New NATO contract win
24 Apr '15

"James Fisher Defence wins NATO sub rescue support contract
Richard Scott, London - IHS Jane's Navy International
22 April 2015

Key Points
•Company wins GBP12.5 million in-service support contract for NATO submarine rescue service
•Contract commences on 1 July 2015, running for five years (with options to extend by up to three years)

UK-based undersea systems and services group James Fisher Defence (JFD) has won a GBP12.5 million (USD18.7 million) contract to provide in-service support for the NATO Submarine Rescue Service (NSRS).

Under the terms of the contract, awarded by the UK Ministry of Defence (MoD) in March 2015, JFD will provide in-service support for a five-year period starting on 1 July 2015. The contract includes options to extend by up to three years.

Jointly owned by France, Norway, and the United Kingdom, the NSRS is a globally deployable submarine rescue system currently operated through a government-owned/contractor-operated (Go/Co) arrangement. The full system, specifically packaged for deployment by air, comprises several components: a Submarine Rescue Vehicle (SRV), capable of lifting up to 12 survivors from a distressed submarine at 610 m and inclined at an angle of up to 60 degrees; a Portable Launch and Recovery System, capable of launching and recovering the SRV in up to 5 m sea height; a Transfer Under Pressure System, consisting of two large recompression chambers and supporting equipment; an intervention system centred around an intervention remotely operated vehicle (IROV) to assess and prepare the distressed submarine for rescue, and to maintain survivable conditions therein; and support equipment, including generators, spares, workshops, communications, tracking, and navigation.

The UK MoD issued an invitation to tender for the NSRS in-service support package in July 2014 to JFD, Phoenix International, and Rolls-Royce (the latter being the original prime contractor and incumbent support provider for NSRS). Tender responses were submitted to the MoD's In-Service Submarines team in late 2014.

JFD previously operated the national UK Submarine Rescue Service (UKSRS), including the LR5 SRV, up until its retirement in November 2008. The company subsequently assumed ownership of the UKSRS assets - comprising LR5, a Scorpio 45 IROV, associated launch and recovery systems, a deck reception chamber, three one-man decompression chambers, and workshop, electrical, mechanical, and support containers - and re-branded the capability as the James Fisher Submarine Rescue Service (JFSRS).

JFD has, since December 2008, provided the JFSRS as an on-call submarine escape and rescue service for the Royal Australian Navy (RAN). In November 2014, the company was awarded a contract by the Commonwealth of Australia for the long-term provision of the RAN's submarine escape and rescue capability for the next five years, plus options through to 2024.

Separately, JFD is a partner in First
Posts: 6,551
Opinion:Strong Buy
Major contract win
17 Apr '15
"Major" new contract win for Fendercare - another rather prestigious customer, and nice long-term revenues....


"Fendercare Marine sign contract with Defence Support Group for provision of wet blast facilities
Tuesday, Apr 14, 2015

· Wet blast provision to be provided on AM2 Helipad matting

· Demonstrates the versatility of the Blastgreen wet blast services offered by Fendercare Marine

· Contract win provides further evidence of the close working relationship between Fendercare Marine and Defence organisations

Fendercare Marine, the world leading marine products and services supplier, has announced the signing of a major new contract with Defence Support Group (DSG). The three-year frame agreement is for UK wide sub-contracted general engineering services for blast-cleaning on items such as AM2 Helipad matting.

The Defence Support Group provides assembly, maintenance, repair, overhaul, upgrade and support services for the UK Armed Forces including current and future MOD equipment acquisition and support strategies. In December 2014, Babcock International purchased the Defence Support Group in a deal worth £140million. The deal included a ten-year contract with Babcock to maintain, repair and overhaul the British Army’s vehicles and light weapons, including Challenger tanks and Warrior armoured vehicles, which carry infantry soldiers into combat.

The wet blast facilities are provided through Fendercare Marine’s subsidiary company Blastgreen who design, develop and manufacture wet blast cleaning equipment for sale, hire and service. Their wet blast machines do not use chemicals or toxic abrasives but instead use a combination of water and natural, environmentally friendly media - Olivine and Garnet. The water and media are combined and applied in minimum quantities ensuring the blast jet is easily contained, with a minimal dust cloud and very little waste.

Brett Ward, Defence Project Sales Manager commented “We are delighted to have been selected by DSG for the provision of their blast cleaning requirements. Following on from our recent contract agreement with BAE Systems for equipment to supply their OPVs, this just demonstrates the breadth of quality products and services that Fendercare Marine can deliver.”

Blastgreen’s wet blast service has proved a popular and versatile addition to the Fendercare Marine portfolio of services. Blastgreen was originally purchased by the Group for use with boat builders and marinas due to its excellent performance coupled with its environmentally friendly “green” credentials. However, the versatility of the Blastgreen service soon became apparent with contracts being secured for wet blast facilities at airports, the London underground and for white line removal
Posts: 6,551
Opinion:Strong Buy
Panmure Gordon upgrade FSJ
3 Mar '15
Nice - Panmure Gordon have upgraded to Buy from Hold, and have an increased 1500p price target (from 1300p):


"James Fisher & Sons plc Upgraded to Buy at Panmure Gordon (FSJ)

Posted by Seth Barnet on Mar 3rd, 2015 // No Comments

James Fisher & Sons plc logoPanmure Gordon upgraded shares of James Fisher & Sons plc (LON:FSJ) to a buy rating in a research report released on Tuesday morning. Panmure Gordon currently has GBX 1,500 ($23.12) price objective on the stock, up from their previous price objective of GBX 1,300 ($20.03)."
Posts: 6,551
Opinion:Strong Buy
Results ahead of expectations today
3 Mar '15
Excellent results - the 79.2p reported EPS and the 74p diluted is well ahead of consensus 73.52p EPS, and the 22p dividend is right on target.

The outlook statement is also nicely positive, despite the expected downturn in offoshore oil, which FSJ state doesn't affect them too much given their involvement in production and development rather than exploration and appraisal.

Gearing remains reasonable, so plenty of room for further acquisitions as well as today's purchase.
Posts: 6,551
Opinion:Strong Buy
Nuclear expansion news
11 Feb '15
Expansion for FSJ is encouraging:


"Deeside nuclear industry firm to create 36 jobs
15:48, 5 February 2015
By Owen Hughes

James Fisher Nuclear to expand on Enterprise Zone after backing from the Welsh Government for £1.5m investment

A nuclear industry firm will create 36 jobs with an expansion in the Deeside Enterprise Zone.

James Fisher Nuclear (JFN) has chosen to expand its base in Wales by relocating to larger premises in the Zone.

The £1.5m investment in new premises and equipment is supported by £149,200 business finance from the Welsh Government.

The expansion will bring the company’s head count up to 100 in Flintshire.....

....(JFN), a wholly owned subsidiary of James Fisher and Sons PLC, is an established supplier of high integrity services and equipment for operation in adverse environmental conditions. It employs highly skilled engineers capable of taking on some of the most complex engineering challenges.

Dr Paul Read, JFN Managing Director said “Our award-winning Radiation Calibration Service which supports customers nationwide is already located on the Deeside Industrial Estate.

“This new facility adds significant space for our Non-Destructive Testing division to support our existing customers and expand our customer base. It is also ideally positioned to support Aerospace customers at Broughton and nuclear new build in Wales.”

JFN currently operates from facilities in Queensferry and Deeside which are operating at maximum capacity. The new 26,500 sq ft premises on Deeside Industrial Park will enable the company to invest in digital radiography equipment, reconfigure the factory floor layout to increase efficiencies, and provide space for growth.

“As well as having space for our current operations, we now have the space to set up a state-of-of the art training and development facility” comments Alec Morton. Director NDT and Instrumentation.

The Deeside location is ideally located to take advantage of new build opportunities proposed for Wylfa and Hinkley Point. The company is already involved in the decommissioning of Trawsfynydd.

JFN has a varied blue chip customer base with clients including Airbus, Magnox, Nuclear Decommissioning Authority, Tritech, and Rolls Royce."
Posts: 6,551
Opinion:Strong Buy
Superb acquisition today
10 Feb '15
Paying a maximum £4.5m for £1m of annual EBITDA plus £1.2m of net assets (£3.2m gross).

You don't get much cheaper than that...and there should be great synergies with Divex etc:


"NHC operates hyperbaric testing chambers which are used for testing equipment for the subsea industry. Its services include reception of personnel for decompression, subsea equipment testing, training services to the diving industry and hyperbaric welding trials to customers worldwide. It also operates a hyperbaric chamber for patients of the NHS Grampian.

Mr David Smith the current owner and Managing Director will step down as Managing Director and all other employees will remain with the business. NHC will become a division of JFD, which was formed by the merger of JF Defence and JF Divex in 2014.....

.....Mike Howarth, Managing Director of JFD, said: "I am delighted with the acquisition of NHC, which further extends our range of services to the subsea industry and consolidates our world leading position in the design, manufacture, testing and operation of hyperbaric reception facilities and other subsea equipment.""
Posts: 6,551
Opinion:Strong Buy
Tipped for 2015 in The Times
29 Dec '14
As follows:


"James Fisher

James Fisher provides specialist marine services — from tanker chartering and crew management to security — often sold as contract packages for oil rigs. The group’s breadth of expertise effectively limits competition. Sheridan Admans, of the Share Centre, says: “This pick is for growth investors looking for a company that provides niche services around the globe.

“The decline in the oil price is not expected to impact trading at the group’s offshore oil division, as the majority of its work is linked to maintenance and production, rather than exploration. Directors recently bought shares and an improving cash flow could have the potential to boost dividend growth.” "
Posts: 6,551
Opinion:Strong Buy
FSJ tipped as a Buy for 2015
22 Dec '14
The Share Centre this weekend tipped 6 stocks for 2015 - and FSJ is the first choice:


"James Fisher

Admans said: “James Fisher provides a range of marine specialist services which can be integrated into contract packages for oil rigs, wind farms, transporting oil, wharf operations and marine equipment, creating an expertise and limiting competition. It is an investment idea for growth investors, looking for a company that provides niche services around the globe.”

“The group has benefited from contract wins with oil companies not only in the North Sea region, but also Africa, Asia and South America. Furthermore, the decline in the oil price is not expected to impact trading at the group’s offshore oil division, as the majority of work is linked to maintenance and production, rather than exploration.”

“Directors recently bought shares and an improving cash flow could have the potential to boost dividend growth. We are keen to highlight the long-term attractions of the company and recommend them as a ‘buy’ for investors in 2015.”"
Posts: 1,287
Opinion:No Opinion
mrs henry £40k buy
28 Nov '14
not too be sniffed at.
fsj has lost a lot of ground within the last month.......maybe II getting out, no holdings rns though!
Posts: 6,551
Opinion:Strong Buy
Very good IMS today
13 Nov '14
Excellent Q3 trading statement this morning, with overall trading nicely in line. Three of the four divisions are trading strongly and the other one is just slowing a little from a prior stronger quarter.

Revenues are showing "good growth" year on year and the outlook is good for Q4. Can't ask for more:


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