Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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<b><u>UPDATE 1-UK's Fenner sees better FY results on uptick in orders<FENR.L> 06-01-2017 08:30</b></u> Jan 6 (Reuters) – British engineering company Fenner Plc <FENR.L> said on Friday it expected the current full-year results to be "comfortably above" its expectations as order intake and customer enquiries improved. The company said it was also benefiting from an earlier round of job cuts at its bigger business, Engineered Conveyor Solutions (ECS), and there had been some increase in order intake from the coal industry. [nRSF4898Ta] Fenner shares, which gained 65 percent in value last year, were up 10.6 percent at 261 pence at 0806 GMT on the London Stock Exchange. Engineering companies have been struggling as customers in the oil, gas and mining businesses cut orders and waited longer than usual to replace parts in the face of a widespread slump in commodity prices. To combat the fall in orders, engineering companies that cater to clients in the oil, gas and mining businesses had resorted to cutting jobs. These job cuts along with a weak sterling helped them avoid a sharp fall in profits. [nL4N1DN30F] Fenner's statement on Friday indicated a return in orders and customer enquiries. The recent uptick in orders follows the rise in oil prices to above $50 a barrel, after OPEC agreed on Nov. 30 to its first oil output cuts since 2008.[nL8N1DW115] Fenner's ECS unit, which makes conveyor belts for miners and other industrial users, accounted for 56 percent of its latest annual revenue. (Reporting by Vidya L Nathan in Bengaluru; Editing by Amrutha Gayathri and Gopakumar Warrier) ((vidya.loganathan@thomsonreuters.com;; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 6137;; Reuters Messaging: vidya.loganathan.thomsonreuters.com@reuters.net) Keywords: FENNER OUTLOOK/ © Thomson Reuters Limited. Click for restrictions
Chart again......... http://uk.advfn.com/p.php?pid=legacydaily&epic=L^FENR&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Strong results from FENR Fenner........ <b><u>Outlook</u></b> Whilst market conditions remain similar to those reflected in our November statement, we are performing well and gaining traction from market share gains and from our refocusing of the businesses. As a consequence, the Board envisages that the Group's results for the current financial year will be comfortably above previous expectations. <img src="http://uk.advfn.com/p.php?pid=legacydaily&epic=L^FENR&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES"> <b><u>Business Summary</u></b> Logo Fenner plcManufactures and distributes conveyor belting and reinforced precision polymer products Fenner Plc is a polymer technology company, which manufactures and distributes conveyor belting and reinforced precision polymer products. It operates through the Engineered Conveyor Solutions and Advanced Engineered Products segments. The Engineered Conveyor Solutions segment manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications. The Advanced Engineered Products segment manufactures precision polymer products including precision drives for computer peripherals, copiers and ATMs; problem solving power transmission and motion transfer components; silicone and complex hoses for heavy duty trucks, buses and off road vehicles; seals and sealing solutions for the fluid power and oil and gas industries; technical textiles for medical and industrial applications and silicone based products for medical applications; rollers for digital image processing and medical diagnostics; and fluropolymer components for fluid and gas handling. The company was founded by Joseph Henry Fenner in 1861 and is headquartered in Hessle, the United Kingdom. Number of employees : 4 530 persons. <b><u>Valuation 2017e 2018e</u></b> P/E ratio (Price / EPS) 70,2x 36,9x Capitalization / Revenue 0,74x 0,72x EV / Revenue 0,97x 0,90x EV / EBITDA 8,74x 7,73x Yield (DPS / Price) 1,38% 1,55% Price to book (Price / BVPS) 1,70x 1,68x
Fenner plc 21.2% Potential Upside Indicated by finnCap Posted by: Amilia Stone 19th December 2016 Fenner plc using EPIC/TICKER code LON:FENR had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at finnCap. Fenner plc are listed in the Industrials sector within UK Main Market. finnCap have set a target price of 300 GBX on its stock. This would imply the analyst believes there is now a potential upside of 21.2% from today’s opening price of 247.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 5.5 points and increased 53.5 points respectively.
this is excellent, i wish i invested a lot more money here in September.
Strong rise today, any thoughts on why? I think it was probably oversold but pleased to see the rebound. Just not sure how much further it can sustain this without positive news
This stock has baffled me, for at least 6 weeks there have been far more Sells than Buys at end of day trading, not taking U/C trades into consideration, yet the price has risen from 1.35 to 1.63 today. I can't believe sentiment is the only factor involved here, perhaps the company is about to be broken up or even a take over, it is a mystery to me so perhaps someone out there has a more logical explanation.
I thought you flipped on the 18th.........no disrespect..........hope we continue grow from now on
time to flip?
yes i am in just over pound , 12p dividend , not bad
can see comfortably sub £1
Ive a short position here. Look at the chart over the last couple of years and its clear this is only going in one direction. This secotr has been struggling for a while... Look at Brammers performance , for example.
You wouldn't need to be brain of Britain for whoever it was at JP Morgan to have forecast that target price - virtually at that yesterday. They do make you laugh.
I see they've reduced their target price from 140p to 124p today
I hope you're right and I had that opinion but my view has turned negative on this. There's no new CEO atm, just the chairman acting as an interim but you're right a new CEO could be what is needed. Will hold for the time being, not because I'm confident of a recovery but more because I'm reluctant to book such a large loss
I would say that this is a recovery buy and hold on a long term basis. Even if there was a dividend cut, the yields are still tempting for income with potential for capital growth. New CEO means new blood and new energy in the BoD. I wish some of them bought the share to show confidence while the share is down.
The CEO taking a sickie may be a signal for the MMs to make a bit of cash, the real question is how the reports of 13th will be received, my thoughts are Acceptable, why 8p dividend if it could not be supported.
I see the CEO has gone off on sick today, not great news. Really not sure if there's any light at the end of the tunnel here
What are people's thoughts about the prospects for this share this year? It's a share I don't want in my portfolio but I was off the ball when I should have sold months ago and am now reluctant to sell when I think it has probably bottomed out. Although it may not have bottomed out if they cut the dividend. I'd like to hear more on the direction they are thinking of taking to grow. Rationalisation is all good and needed in the current climate but at some point they need to drive value into the share through growth
cityam 21 December 2015 1:49am Best of the Brokers for 21 December 2015
My assumption that the Miners were beginning to feel a little more comfortable was totally wrong, they continue to slide and the future does not look pretty either, I am sure the majors will recover in time, but when. I ponder over the new board director that joins the Co. early next year, as I recall his credentials are top drawer so apart from ironing out a few problems what is his main agenda.??
I think your answer is with the latest RNS and also the Mining Sector beginning to show signs of a recovery, I could still get back in at these prices but with all bounces there will be profit taking, the important factor is confidence seems to be on the up............I await the dip??
Quite a bounce we've had, i wonder if we bottomed out and are now stabilising. I am concerned worse news is still to come mind and would be surprised if they can hold their dividend.
LessD, this is probably not the best share to day trade as you'll have to pay stamp duty of 0.5% and also the trade fee every time you buy the shares. Try day trading with shares that doesn't charge stamp duty. I didn't think this share could go any lower, but I was wrong. I'm still holding as time is on my side because they are still paying juicy dividends for the time being.
DD7 I do sympathise, I have been kicking myself plenty for similar errors, I have just bought a small chunk to basically day trade for a while and try and recoup a few losses. Good Luck