James Fisher and Sons Share Price (FSJ)

Release date: 24/04/2025

JFD successfully integrates and delivers advanced submarine rescue system for Republic of Korea Navy

Integration of advanced free-swimming Submarine Rescue Vehicle (SRV) utilising a moonpool launch and recovery system (LARS).

Seamless collaboration enhances submarine rescue capabilities, ensuring operational reliability in emergencies.

Reinforced position as a trusted global leader in submarine rescue systems and engineering innovation.

Yes if we can scrape a just positive eps for FY24 and get somewhere even close to 15p estimate for this year then you'd think there will be a substantial re-rate at some point...

I'm happy enough to hold here, having added in the 240/250 range. OIT bought its holding around 342p, so back in the black. Didn't notice any further purchases by OIT so its all to play for in their regard. Still scratching my head with regard to the Hyperbaric Centre in Aberdeen, which has been superceded by my mobile hyperbaric systems from Mimir. Conglomerate so mayhaps its a loss leader.

It seems that this could be a must have stock again soon.

Marine services firm James Fisher & Sons rose 9.8%. It hailed a "solid overall trading performance" through the second half of 2024.

It expects underlying operating profit of around GBP29 million, ahead of current market expectations.

"I am encouraged by our 2024 performance which will show underlying profit ahead of expectations together with an improved cash position. We ended the year in a stronger position having continued to execute on our turnaround strategy, including undertaking disposals and refinancing our debt facilities. As a result, we are now beginning to see the benefits of our transformation programme coming through," Chief Executive Officer Jean Vernet said.