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I thinki you may be right...
When it moves it moves big. Momentum building nicely. Heading back to £4-5. Dyor.
I guess restructuring, streamlining etc will eventually translate into better results and debt reduction, but we need concrete evidence...very low price, so worth a punt for sure!!
FSJ will awaken soon and in style. Adding here. DYOR.
Indeed... Did and proved to be right decision. Cannot be sentimental in this game..
....and dump.
I look back to my days at JFS many many years ago and am really pleased to see it turning itself around. I have for me a nice holding and intend to just sit back and watch it rise. Suppose it is nostalgia...
I’m liking the vision of the new CEO, looks like he has his head screwed on straight, knows the key issues and has a firm plan in order to re-align the group. Trim the fat, focus on core business and reduce debt. Sometimes the simple solutions are the most effective.
Steady as she goes.
The year has started well, with good momentum across the Group's three divisions and trading in the period was slightly ahead of the Board's expectations.
Ajs, thanks, my rational side tells me you are probably right!!
Don't bother.
If they could really read anything about an uncertain future from the certain past, they'd all be billionaires.
Fact is that nobody who is not inside knows whether any share is going to 110% of today's value or 90% of todays value. Fundamentally all share prices are wrong, and the trick is to pick and buy those that are fundamentally wrong on the cheap side and sell them when they are at fair value. If your fundamental analysis has served you well to this point (as mine has), I suggest you stick with it.
Thanks useful Stargate, although I am a patient trader basing decisions on business fundamentals (so cycles of months or more often years), but very interesting and I will track :-)
May need to learn chart reading!
The sp, is above the long term down trendline, and is currently within a chart sideways pattern for the last year. However the last major bottom, was higher than the preceding major bottom, so a price projection would be 444, on a timescale of six weeks from now, say approx, 20/7/23. Relative strength indicator is above 50, on the weekly and daily charts, confirming the uptrend.
I do not have a target price at this stage. There too many unknowns at the moment. Intend to just wait and make a decision when the time seems right. Not tempted to sell because most shares look less interesting.
I agree, it's looking good. I am just really unsure what's a reasonable target price. 600-800 in a year's time?
Would welcome views from others but will also need to dig into numbers and future prospects as things are becoming clearer re the future direction.
This is now a recovery stock. Foundations have been relaid and its just a boring slow rise from today. Hard to find companies like this with quite illiquid shares..
Indeed, today's RNS is also good news for stability and getting back to some sort of normality.
Seems to be making steady growth - I prefer it this way and hope I have not inflicted a savage blow!
I think his ship may have sunk - if you make statements like that then you have to back it up in some way.
Covid seems to have hit FSJ very hard, hopefully things are improving.
I agree that captainof the ship should walk the plank if he doesn't explain just a statement, as it's pointless noise on a discussion board.
There is though some downside risk to this share despite the positive moves to date.
The £20m impairment losses it has booked on disposed business's, with even on adjusted basis a slip in margins from 6.3 to 5.5%. It still has an 86% debt level and it is hard to assess forward numbers given the businesses being offloaded.
For years it was succesfully built up by adding lots of small players in a hands off way to management acquired - that used to work well and was referred to some years ago by then chairman (former Clarksons man) as the 'James Fisher way' - but clearly the more recent management before Vernet has lost hold of the tiller. It's a disparate set of companies that could become a value trap if not correctly directioned.
I am acting as devils advocate having held these from £1.47 about 20 years ago!
Perhaps you would like to explain why we should all sell?
Why and when may one ask?
For me it is a buy due to the ongoing, positive turnaround. They are in great maritime segments and good at what they do. So why sell now, when there is more potential for them to get refocused and properly back on their feet??
More Fisher Price than James Fisher. Sell.
For me it is also a bargain. It's already a positive turnaround story with more work to do, but just wondering what a sensible target level is? 800p ?!?
Most broker ratings are way out of date...