Following a successful end to its financial year, Fenner anticipates that its financial results for the year ended 31 August 2013 will be in line with expectations. The Group's balance sheet remains strong. Net debt at 31 August 2013 was better than expected at approximately £125m, having benefitted from the timing of payment of capital expenditure, reduction in working capital and exchange rate movements. Trading conditions across the Group have remained broadly unchanged since the interim management statement on 18 July 2013, and the Group continues to anticipate a return to growth in its 2013/4 financial year. The Group expects to release its results for the full year on 13 November 2013. ( 10 September 2013 )
28 Jul '13
Nice tip in the Sunday Times today, points out broker targets over £4, but that future revenues are guaranteed with maintenance contacts
5 Jul '13
Good news imho....
...NORGES BANK have upped their holing in FENNER from 3.06% to over 4%. They bought a slice of afren a few weeks ago too.
28 Jun '13
52 week low
Due for a big bounce in my opinion.
27 Jun '13
52 week low today ...
not one of my better picks. at least there is a dividend though ! very much due a bounce i think .. bloody well hope so !
3 May '13
Recent purchases of stock by three Board members give the best possible message that Fenners have been oversold. They supply a diverse mix of international majors and are on track for another good year but some short sellers had pushed the shareprice down to a silly level from which it is now recovering- hence an opportunity beckons. I recently had a conversation with a leading mining engineer in Johannesburg who described their gearing as 'a class apart ,.
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