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James Fisher - IMS in line with expectations

January 2009

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:
  • 402p
It was a case of continued steady progress for James Fisher, whose interim management statement covering the period from 1 July to 10 November was in line with expectations.  Trading in its offshore oil services business was encouraging with new contracts being won around the world as well as in the North Sea. The Defence and Specialist Technical divisions also achieved good organic growth with the latter benefiting from strong performances from Fendercare and Strainstall. However, the Marine Oil side (tankships) continues to suffer from short-term operational issues previously highlighted, while the worsening economic outlook is not helpful either. The shares have been de-rated significantl ...

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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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