Price rise Very good rise today on average volumes. The outlook forecasts are looking like the market has confidence in them.
Revolution Drives Another added to the portfolio, all helps the robustness of the business
Re: Sector Hi HardboyIndeed and believe that the disconnect over the last 6 months looks set to continue. Hinsight will of course tell us if that is true.
Re: Sector Your comment made me have a quick look comparing Fenner with BRWM, which I use as the mining sector. Interesting for the first 6 months of the last year BRWM's share price pretty much tracked perfectly Fenner's 200 day EMA, but in the last 6 months Fenner has left it behind. Of course Mining is only one part of the Fenner story - admittedly a very significant part - so why should it be? I guess the mining sector in itself largely reflects mineral prices; whilst Fenner's performance is more related to the volume produced by the mining sector. Subtle difference, but maybe it goes someway to explaining the difference.
Sector Sector is doing well but Fenner's rise is well ahead of the sector. Good to see the market has faith in this growth story.
Long term deal Looks a good deal with the South Africans.Should bring diversified growth long term.
Rally The rally in Fenner continues. The market has faith I think in the plan management presented. Still think there is a more in this rally.
NEW ARTICLE: Insider: Five execs with skin in the game "Northgate's gone southThey say managers need time to make changes necessary to turn around a struggling business. It's something football teams haven't quite grasped yet, but it's true in the City. If anything, bosses are given too much time. But ..."[link]
Director Dealing Always good to see the directors buying despite the recent rise in the sp, has to be good for all the shareholders.
Re: Trading statement Good to see the momentum has been maintained today, that looks very promising given there were bound to be profit taking going on.
Re: Trading statement "Chances of an increase to the dividend are also high"Their stated policy is to have a progressive dividend, so I'd be happy to bet on it.
Re: Trading statement nk 1999Correct to be cautious but given the update I think there is more to come in terms of sp.I would be surprised if it was all factored in given the new outlook from the board.Chances of an increase to the dividend are also high.
Re: Trading statement HB and OH,No doubt a strong update. However we just have to be careful how much of this I already in the price? A look at the graph and rise from ~ 100p - Has ben a great run indeed.
Re: Trading statement OH:"I had been watching the sp slowly slip "Markets view Fenner as being related to the mining industry, so (with the lack of any other guidance) when minerals are weak and miners slip, Fenner go down with them. That's all that has been happening in recent weeks. Of course in reality although the mining industry is important to Fenner there are far more strings to their bow; and I do like the implied optimism of the BoD in this release.
Re: Trading statement Good times ahead now I add. The medical diversification is working wonders.