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James Fisher - Nuclear decommissioning market wide open

April 2005

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:
  • 315p
Ship owner and operator James Fisher has been a slow burner. First recommended at 205p in October '03, it languished for much of last year but has shown signs of breaking out again and arguably looks an even better bet now than when it was first recommended. Until now, the share price has been held back as investors have focused on Fisher's smallest division which owns two cable laying ships due to come off charter next year. Their expectation is that when this happens, profits may suffer a blip. This observation might be correct but under its chief executive, Tim Harris, Fisher has already shown an ability to replace similarly lost profits when it exited its non core areas a few years ago. During the past two centuries, in which ...

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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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