tejo
28 Feb 2018
Niche market I agree with previous posts and FSJ operates in a niche market with few competitors. Steady growth is very likely and that is fine.
mnamna
27 Feb 2018
Re: J Fisher Yes I agree. Though 'solid' may be a little harsh as 10% growth in turnover and profits exceeded my expectations ( consensus for profit growth on Digitallook was 6% so it beat expectations there as well)More importantly it seems that the 10%+ is expected to continue, reading between the lines of the chairmans statement. 10% increase in the divident comes in handy as well. So I am revising my opinion from a hold to a Buy, albeit a weak one at the current price.
forddrive
27 Feb 2018
J Fisher Solid results. Maybe not high-flying, but dependable and well managed.
mnamna
13 Feb 2018
Re: Difficult to call I think thats a fair call under the circumstances. It has now fallen further than I expected so I agree its hard to call - though the fall is with very small volumes. The share price could easily reverse with higher volume, but until there is better news from the company I see little reason for it to regain its long term upwards trend. Could be a while but I do think this is a quality company with a good strategy which will bear fruit. In the meantime I am waiting before any further purchases,cheers
binjiou
13 Feb 2018
diversification It is indeed difficult to assess this business. but it is precisely the strategy of diversification ( both geographic and by product or service offering ) that has enabled the company to compensate for the downturn in offshore oil: A typical days trading shows the vast majority of trades are small, indicating private investor action. There is little or no evidence that institutions are bailing out. There has been talk a plenty about the possibility of a market crash; that may have some bearing on recent selling. Somewhere I read that the Telegraph recently said sell everything ; that sounds a bit drastic. Perhaps their reporter was got at in some pub.Although overweight in these, I may be tempted to buy at some point.
wildbuy
13 Feb 2018
Difficult to call For a number of years FSJ have been moving away from their previous core business as a shipping company and is now a conglomerate of small companies loosely connected as marine services, although there are exceptions such as the nuclear division. The problem in trying to get any sense of the direction for the share price is that the results of FSJ are affected by everything from exchange rate movements on overseas earnings, the oil price on demand for oil transport, the size of shipping fleets, building new windfarms and a myriad of other factors. My take is that FSJ have been squeezing efficiencies out of existing businesses for some time now and have grown by adding small acquisitions, but the strategy is now running out of road. I don't see much room for improvement on what is a reasonably efficient and profitable company, but I can see a number of headwinds in the current climate. After holding since 2010, I sold out a month ago as part of a scaling back of my UK investments and will stay out until things become a lot clearer.
mnamna
13 Feb 2018
Re: J Fisher You're welcome.For what it's worth I've been buying a few more at these prices. But the price always sinks further after I buy. I am a long term holder having originally bought in around 2001cheers
forddrive
13 Feb 2018
Re: J Fisher Thank you - helpful comment.
mnamna
13 Feb 2018
Re: J Fisher I'm not sure it's a lack of confidence in the forthcoming results - more that the results are unlikely to beat expectations. Right at the moment any company on a premium rating that fails to beat expectations seems to be marked down? There is some logic in this? Premium ratings assume premium rates of growth. If this is not forthcoming then a lower shareprice follows. In less harsh times shares may be more easily rated upon future expectations, but right now the market seems to want to see outperformance today.cheers
forddrive
13 Feb 2018
J Fisher The level of confidence in the forthcoming results seems to be low. Does anyone know the reason? Thank you.
Myunderstanding
07 Feb 2018
Tuesday Fall On the back of 12k shares traded !No basis relating to supply / demand.
binjiou
30 Jan 2018
dividend cover forddrive,The dividend is covered three times , so that suggests they could increase the dividend to support the share price. ( assuming nothing changes that cover )
forddrive
30 Jan 2018
Re: recent selling Binjiou - it may be that the heady growth phase is behind us. If so the shares will gradually adjust to a more average dividend yield of say around 2.5%. Thank you for your comment - glad that you are still in the frame.
binjiou
29 Jan 2018
recent selling forddrive,It looks like a seller appears when the shares rise above 1600p. Broadly speaking , the shares have gone sideways for some time . We have to live with a degree of volatility. ----No bad news that I am aware of.
forddrive
26 Jan 2018
J Fisher There has been a disconcerting slide in the share price these past few days. Does anyone know he reason? Thank you.
