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My sentiments exactly helu the biggest clue was the CEO buying 100k at 400 doubling his holding bearing in mind he has bought previously when this was £20 a share.
Looking good again today as I said yesterday £5 very soon, way over sold, assets being sold which will help the debt get rid of the garbage that the old management bought - Contract wins coming in I can see the road to recovery onwards and upwards.
Closing above the 50 DMA of £423.5 could see £5 very soon
This company is a goldnugget, it will be back to around 10 before March ( when dividends will be announced )
Canaccord Genuity slashes target price on James Fisher 625p
Thu, 6th Jan 2022 09:32
(Sharecast News) - Analysts at Canaccord Genuity slashed their target price on marine engineering services provider James Fisher from 1,375.0p to 625.0p on Thursday but said they remained "chastened buyers" of the stock.
Canaccord said James Fisher had "a challenging 2021", with three profit warnings triggered by a mix of Covid-19 pandemic-related demand slowdown, marine oil and gas slowdowns, specific customer challenges, and "a broader sense of the long-standing particularity of Fisher being lost".
However, while the Canadian bank stated it was shifting forecasts, updating earnings to "more straightened circumstances" and "taking a more cautious view on dividends and cash generation", it also highlighted that the key markets Fisher was exposed to were "starting to improve".
"In particular, we see strong upside from the wave of activity in offshore wind, mostly going into 2023, and in the shorter term from recovering oil and gas markets globally. One early sign of this - the settlement of a dispute with a customer in Mozambique (we believe a group led by Total) - resulted in an extraordinary 30% jump in the share price in the twilight zone of trading between Christmas and New Year," noted the analysts.
"Given the softer markets, and the need to rebuild trust, we are moving our target multiple down to a much more sober 7x/6x 22/23E EV/EBITDA (at the peak of its pomp Fisher used to enjoy a double-digit EBITDA multiple) and our price target moves accordingly, to 625.0p (was 1,375.0p.) We remain chastened BUYers."
Yes I got in 3.6 19k shares not selling a Bean until minimum £6
I’ve been watching JF for what seems like years , I’ve been tempted many times I’ve the last 12months to take a punt as the SP collapsed, I final jumped in @312p , only a small initial purchase but I had far bigger orders set for the low of 280p ( I thought we’d retest ) and 250p encase we broke down further.
My theory been that while the company was clearly in bad shape it’s. Specialist skills , equipment and reputation had value . Having read the contract wins rather than selling out on a 50% bounce off the bottom I’m actually tempted to increase my holding. I suspect it will be sometime before we see £10+ but A few more contract wins from the renewables should encourage the funds back in . Fingers crossed, GLA
Life in the old dog yet.
280p to 417p - some would call that a bottom !
48%+ off low.
Thanks for the Link yes I saw this yesterday - look like they are on the road to recovery surprised they did not RNS the good news
https://renews.biz/74737/james-fisher-scores-uk-offshore-hv-om-hat-trick/
Nice to see yesterdays gains held today can anyone confirm if we get a trading updated on the7th? We did last year
Woosh expect a few more days like this will be over £6 surely
A great day to start the year off !!
Are funds buying back in after the confirmation that covenants aren’t going to be broken over the Christmas period ?
slow profit taking after spike
HNY all
Having a good lift now up she goessssssssssssssssssssssssssssssssssssssssss
Stefano5 - gave my view that's all. Hope it flies for you holders and gets back up to +£10 level...just not buying what this management team are doing....GL
Thin Trading last time this hit 500k vol it was back in Oct 25th
Profit 30m Market cap 200m yes debt but making profit so that will come down
shorts locking in profits and a bunch of excitable newbies in thin trading
the underlying challenges ain't fixed
Nice Day high finish 50DMA could be closed gap up tomorrow RAMP RAMP
£399.1 50 day MA need to close above that for the upward trend
This is a long overdue correction to a massively oversold position. Bear in mind that FSJ was touching £20 pre-covid.
maybe a take over BID?
Flying now … it would suggest something more going on than the RNS earlier today
£4.30 finish
Flying now £4 finish for sure 50m shares with 45% tightly held only 30m on free float no wonder