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Fisher (James)

April 2023

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:
  • 290p
Since my main write up last August at 317p, Fisher has announced multiple asset sales with c.£38.4m in disposal proceeds following sales of Mimic, the UK operations of Strainstall, Prolec and the Swordfish dive support vessel. Separately it also sold James Fisher Nuclear, which supplies technical services to the UK's nuclear decommissioning industry for a nominal amount whilst also providing a loan to the buyer. The business had been losing money and seen ongoing project challenges. On a continuing basis, Investec forecasts eps of 26.7p for the year ended with 36p this year and the group is now focused on the more exciting parts in the Offshore Oil and Wind Farms sectors, where strong energy prices are feeding into good growth. Await ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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