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The best stocks to buy since 1993

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James Fisher

September 2005

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:
  • 360p
Quite respectable first half results. Turnover was up 25% to £48.9m, with one third from organic growth. Pretax profit after adjusting for ship disposals was up 8% to £7.8m and eps was up 13% to 14.4p. As has been the case for some time, the main profit growth was from marine services where divisional sales lifted from £12.6m to £21.6m. Divisional operating profit was up 23% to £3.5m (42% of the group). The contribution from the defence side reduced mainly due to the loss of the Oakleaf charter (reverted inhouse to the MoD but had contributed £0.5m the previous year) whilst the nuclear services and offshore oil services preformed better. Offshore oil services was boosted by the high oil price an ...

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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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