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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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James Fisher - Resilient results in spite of oil weakness

May 2015

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:
  • 1309p
Shares in marine support services group James Fisher rebounded sharply after final results, which showed sales and pretax profit rising 8% and 13% to £444.8m and £46.9m respectively. Eps rose 13% to 74p beating forecasts for 72.8p, while the dividend rose for the twentieth consecutive year to 22p (2013: 20p). In spite of three acquisitions costing an initial £13.9m, net debt only rose £8m to £62.3m.The strongest side was specialist technical, which owns Divex dive systems and remote handling equipment for nuclear markets. Operating profit rose 56% to £13.3m, with good growth in all areas and nuclear seeing a notable pick-up after several quiet years.Offshore Oil, which hires, customises and ...

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James Fisher - Oil price decline takes its toll (October 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 - 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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