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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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James Fisher - Gain to date: 40%

October 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:
  • 1330p
Having pulled back from a high of 1550p the shares are inching upwards again, helped by strong interims, which showed revenues, pretax profit and eps rising by 8%, 13% and 14% to £216m, £21.9m and 34p respectively. In marine support, which rents out fenders and mooring equipment and facilitates ship-to-ship oil transfer activity, profits fell from £9.4m to £7.7m, with ship to ship activity down in Q1. This side is also the most affected by the stronger pound versus US$. The June acquisition of Testconsult, which complements Fisher’s existing structural monitoring business, will boost profits by c. £1m in FY ’15. Specialist Technical grew sales 22% and profits an impressive 50% to £4.5m with Divex, a global leader ...

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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 - 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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