seadoc
28 Jan 2016
Re: Update Hardbouy,If you are holding agree, I sold mine Aug/Sept 2014 and was looking to buy back at 125p, missed that and probably as well. I can now see 60p but only 60/40 will it get there and should it hit 60p sp will not stay long, I cannot say if that is a bottom but I would buy. Prefer to watch news re oil/mining and see significant turnarounds in sentiment then watch FENR 200x to flatten and meet 50x and 25x averages.May split with WEIR, 2/3 to whichever gets to target first but immediately invest rest in the other. Graphs seem to follow each other but fairly random which is in the lead, down and up.Regards,Seadoc
Hardboy
13 Jan 2016
Update Major changes in the Americas announced this morning. It all sound sensible - specially if they can grow other industrial markets and not be so dependent on mining. Expect the share price to drop again as they say full year profits will be lower than previously expected. (But still profitable.) Management do impress me - they seem to be taking the right decisions at the right time. My reading is, after the changes have filtered through, the businesses will be leaner and meaner. Although the immediate future still looks a bit dark; sometime in the next year or 2 I expect this share price will take off big time (it may even get back to where it once was.) So I think the time to cut losses has gone, and now the strategy has to be to stick with them - wait & hope.
dr fuzz
11 Nov 2015
Re: Finals From the presentation of results earlier today they hinted at lower capex going forward with a positive impact on cashflows probably trimming of debt a bit.Agreed they're positive on the medium term though this assumes the O+G end markets recover a bit. It's not clear how much that outlook would be impacted if they don't.Fair value's a tough one. I've bought in recently as I there's a fair chance it's around 230 but i'ts not without risk.
lambrini girl
11 Nov 2015
Re: Price Drop >>SELL 203 target 144<<buy bots should kick in tomorrow..
Hardboy
11 Nov 2015
Yield At this price the yield is 8.5%; and the dividend is covered. That should give some support to the share price.
Hardboy
11 Nov 2015
Finals We're still making a profit, and still covering the dividend; and with improved cash flow, so it's not total doom & gloom. The results put the PE under 10, which is cheap, but immediate growth looks unlikely, so it is probably a fair price.When they talk about the medium/long term there is still considerable optimism; but how long will their key sectors - mining, oil & gas - remain subdued. If China's demand is slowing it may be longer than we think. (It already has been longer than most folk expected.) The sour note came when they said the state of the US coal industry will lower this year's expectations, and that may push the price down a bit today; but overall it's much as expected, so there may not be much change. In fact the holding of the dividend may be seen as positive by the market. I'm a bit nervous with profits slipping and debt rising, and interest rates only going one way from here. Debt is beginning to look a little bit high for my liking.
Hardboy
09 Sep 2015
Re: Mining Thanks NK,Full year results & interims are invariably pre-warned, by all but some fly by night outfits, and, as you have just shown me Fenner are excellent at prewarning us of all scheduled announcements. (Can't think why I had not checked there - I normally check company's financial calendar pages when announcements are due.) However most companies don't seem to bother announcing when the Quarter 1 & 3 or pre-close trading statements, updates are scheduled.
nk1999
08 Sep 2015
Re: Mining HB,The calendar is available at:[link] full year results (next update) due on 11th November.nk
Hardboy
08 Sep 2015
Re: Mining I agree, though did the market know the announcement was coming today? One of my beefs about almost all companies is that they don't announce the schedule for IMS or trading statements.Yes - nor further bad news in the last 6 weeks, so the market interprets this as good, which is pleasing to see.
grapheve
08 Sep 2015
Re: Mining It could be that the market was being cautious ahead of this morning's announcement which I read as being steady. The price has responded positively today.
Hardboy
07 Sep 2015
Mining This always seems to be affected by the mining industry, but on a good day for miners, Fenner closes at the lowest price since 2009.
Our Haven
30 Jul 2015
Re: Price Drop Well called so far.
lambrini girl
30 Jul 2015
Re: Price Drop >>SELL 203 target 144<<..near enuff for a BANG ON!!
Hardboy
23 Jul 2015
Re: IMS One day certainly - very confident, but not sure when. They are so dependent on the mining & oil industries, and both of those sectors are in the doldrums. Although the mining industry seems to be suffering from over production, so that should be helping Fenner, but apparently not. It's a well run company in niche markets as market leader with good products, so I am sure it will survive and eventually prosper, going back to the heady days of yore. However when that will be is not so clear, and whether they will cut their dividend in the mean time is a distinct possibility. Today's move is more what I expected yesterday.
billycorkhill
23 Jul 2015
Re: IMS Any views re this stock bouncing back one day.
