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James Fisher - Unaffected by falling energy prices

May 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.

After falling to a low of 283p shares in James Fisher rallied sharply to 433p, helped by final results, which were ahead of expectations. Fisher increased pretax profit 26% to Â£24.2m on turnover ahead by 28% to Â£234m, while eps rose 13% to 36.9p. Net debt increased from Â£78m to Â£91.5m due to currency movements, leaving gearing at 94%. Most of its constituent parts enjoyed strong growth with offshore oil services, which rents out specialist oil services equipment, increasing profit by 38% to Â£12.7m. Margins dipped from 30.4% to 26.3% due to a changing business mix. This side is shielded from the falls in energy prices as 94% of revenues comes from production and maintenance activities (as opposed to exploration spend) and is m ...

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Topps Tiles

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 - Eps forecast upgraded 6% (April 2014)

James FIsher - Shares hit new highs (October 2013)

James Fisher- Marine suport services firm targeting aquisitions (June 2013)

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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