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James Fisher - Results ahead of expectations

May 2008

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:
  • 628p
Marine support services firm James Fisher has announced final results ahead of expectations. For the year to 31 December group turnover increased 54% to £182m helped by a first-time contribution from F. T. Everard. That led to a 21% rise in pretax profit to £19.2m, while eps increased 16% to 32.6p. The largest division, marine oil services, which operates a fleet of tankships for petroleum distribution, enjoyed a 65% increase in sales and 49% rise in operating profit helped by last December's acquisition of rival Everard. Operating margins were 12.4% and Fisher is expected to increase these towards its divisional target of 15% in due course.Meanwhile, offshore oil services, which customises and rents out specialist oil se ...

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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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