dr fuzz
17 Nov 2016
Re: Expectations After a bit of deliberation I sold yesterday.While the bottom line figures were, as expected, not great, the outlook was indeed very positive. But the main reason I chose to sell was connected to my personal reason for buying in - the sell off looked overdone and it looked cheap 18 months ago; it doesn't any more. There's quite a lot to be positive about gong forward, AEP in particular with a good growth story in medical; but as I didn't initally buy into Fenner as growth story I've decided not to hang around to see if the growth story materialises!GLA.
Our Haven
16 Nov 2016
Expectations Clearly disputes the drop in earnings this is better than expected.
Hardboy
30 Sep 2016
£2 Back in February, when this was below £1, despite believing it was oversold, I never dreamed we'd be in touching distance of £2 without some seriously good news 8 months later. Still further to go on the recovery, but I don't expect another doubling in the next 8 months!
Hardboy
08 Sep 2016
iii data. Does anyone else get frustrated with iii data on the portfolio pages? Last night well after market close. The final share price was shown as 175.75. Now the previous day's close figure is shown as 160.25, and I am sure it has changed during the day.Anyway, the trading statement has been well received. It would be nice to think we might be back over £2 in the not too distant future.
Our Haven
08 Sep 2016
Re: RNS Thanks Hardboy that does explain it and a good rise again today on the back of it.
Hardboy
08 Sep 2016
RNS Today's pre-close trading update says earnings will be at the upper end of expectations, so maybe there was some pre-release leakage yesterday.The good outlook is only really due to currency affects though. Otherwise it seems to be everything is going on pretty much as expected, in a tough industrial market.
Our Haven
07 Sep 2016
Re: Rising Price Yes I had noticed the volume hardboy, still nothing clear as to why this good rise.
Hardboy
07 Sep 2016
Re: Rising Price None. Moves in recent times have been pretty gradual. Mining sector is weak today. Doubt the dividend payment has anything to do with it. High volume today - already reached the daily average; but apart from 2 big trades - one which seemed like a buy the other a sell - don't see anything strange.
Our Haven
07 Sep 2016
Rising Price Pleased as I am with the rising price I am unsure why this is happening bar the dividend payment just made. Any thoughts?
nk1999
01 Aug 2016
Fund Manager Investment From Citywire:"Harrison and Davies build Fenner stakeFund managers Paul Harrison and Nigel Davies have bought more shares in Fenner (FENR) amid increasing signs of the industrial belting company’s resilience.Harrison and Davies, managers of the RWC UK Specialist Focus fund, snapped up more shares alongside the RWC European Focus fund. Combined, the funds now own more than 5% of the company, worth £16.3 million at a share price of 161p.In an update to the market earlier this month, Fenner said it had seen ‘no recovery’ in its principal markets, but had managed to improve performance through ‘operational efficiencies and market share gains’.Shares in the company are well off a 484p high hit at the end of 2013, but have bounced back from a six-year low of below 100p in February."
grapheve
01 Aug 2016
Re: Ex-Div date? I suspect that Fener's website is inaccurate.
MrMeerkat
29 Jul 2016
Re: Ex-Div date? From the RNS of the Interims on 27 Apr:"The interim dividend of 1.0p has been rebased to a level more appropriate to the Group's current, albeit cyclically depressed, earnings. From this base, it is the Board's intention to adopt a progressive dividend policy and to maintain a one-third/two-thirds split between the interim and final payments"It doesn't appear to give the record or payment dates but that inestimable source, www.upcomingdividends.co.uk also has the ex-div date as 28 Jul and payment 4 Sep.Hope this helps. The rebasing (cut by 75%) is hardly welcome but probably realistic.MM
grapheve
29 Jul 2016
Ex-Div date? Barclays Stockbrokers are showing this as going ex-div on 28/7/16. However Fenner's website is showing the ex-div date is TBC. Can anyone shed any light or is anyone worried?
Our Haven
06 May 2016
Re: IC View Today's posting and IC last week back my own hold view though I recognise the risk here but on balance of risk is a little more for a shorter currently.
II Editor
05 May 2016
NEW ARTICLE: A stock in one chart: Fenner "Former City analyst Phil Oakley believes the fortunes of many companies can be summed up in a single financial chart. This week it's LSE:FENR:Fenner.Hull-based Fenner has been in business since 1861. It has carved out a niche for itself as a ..."[link]
