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James Fisher - Acquisitions expected in area of nuclear technical services

September 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
ames Fisher’s shares have been depressed by worries about thecompany’s cable laying business, which operates  vessels that layfibre optic cables on the sea bed and what it might mean when theexisting contracts with armaments conglomerage General Dynamics come toan end in 2005. Obviously this means a gap in profit but management are not overly-concerned. On the contrary, under Tim Harris,a former P&O executive, Fisher has already been successful inreplacing the gap caused by the sale of one of its other cable layers,the Nexus, last year which led Fisher to replace those lost earningsthrough acquisitions and move the business more in favour of the marinesupport services division which now represents 49% of sales.   ...

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