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James Fisher

June 2004

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:
  • 272p
At the AGM, Fisher reported that trading for the first four months of the year is in line with expectations.  Within marine services, the two acquisitions, Scan Tech Air Supply and MIMIC, have bedded in well.  In the tankships division, two ten-year bareboat charters for the 12,800 dwt vessels under construction in Korea have been completed. Fisher has also placed orders for two smaller 5,000 dwt vessels to be built in Romania and bareboat charters for these ships are being agreed.   But the market continues to worry about prospects for the cable ships arm. Despite early signs of recovery, Fisher said it had not yet obtained further work for Princess and Pearl although it continues to be paid under their ...

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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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