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James Fisher - Share price soars

November 2007

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:
  • 685p
Since our last update note, Fisher has reported its interim results and has also completed a further small acquisition. Results themselves were “boring;” the kind of boring investors have come to love from Fisher. Including a £14.5m contribution from the acquisition of Everard last December, turnover was up 55% from £57m to £88.5m. Profit before tax and exceptionals was up 13% to £9.5m with eps up 9% to 16.2p. The results were achieved despite the absorption of £800,000 one-off integration costs relating to Everard, without which underlying pretax profits would have grown 23% and earnings by 20% to 17.8p. On the shipping side, the combination of Everard with Fisher Tankships has produced a ...

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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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