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James Fisher - Eps enhancing acquisition in technical services

November 2006

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:
  • 495p
Although James Fisher has been operating as a shipping business for almost two centuries, when Tim Harris was appointed as chairman just over five years ago, he made no secret of the fact that he saw the future of the group in marine support services, such as ship management, nuclear decommissioning and the rental of equipment to the oil and gas industry. There was a deeper strategy in that Harris saw the same skills from shipping being used in these areas. Prior to joining Fisher, Harris had been heir apparent at shipping giant P&O and chief executive of its cruise operations, so his contacts and reputation within the industry were a major plus for Fisher, whose market cap. at the time stood at under £50m with the shares bei ...

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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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