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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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James Fisher - Eps forecast upgraded 6%

April 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FSJ
  • Price:
  • 1530p
Having woken up last December, shares in marine support services group James Fisher have subsequently motored from £11 to over £15, helped by forecast busting final results. These showed revenues, pretax profit and eps increasing 14%, 18% and 19% respectively to £414m, £41.4m and 65.6p. In spite of  spending £18m on acquisitions net debt fell almost £9m to £54.3m and net debt / ebitda was just 1.0 times (2012: 1.2 times).Marine support, which rents out fenders and mooring equipment and facilitates ship to ship oil transfer activity, increased operating profit 13% to £18.3m, driven by strong growth in South East Asia while it also performed its first LNG transfer, positioning it nicely for work from shale gas activity. ...

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Related Articles

James Fisher - Oil price decline takes its toll (October 2015)
James Fisher - Resilient results in spite of oil weakness (May 2015)
James Fisher - Gain to date: 40% (October 2014)
James Fisher - Buys Testconsult (August 2014)
James FIsher - Shares hit new highs (October 2013)
James Fisher- Marine suport services firm targeting aquisitions (June 2013)
James Fisher - Unaffected by falling energy prices (May 2009)
James Fisher - IMS in line with expectations (January 2009)
James Fisher - One-off problems now behind it (October 2008)
James Fisher - Marine support services firm in hunt for acquisitions (December 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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