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James Fisher

September 2008

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:
  • 595p
Another excellent set of results from Fisher headed by the hugely successful shipping manager, Tim Harris, driven by the strength of its marine support services businesses (Offshore oil, Specialist Technical and Defence) whilst its marine oil services business performed less well with some of its tankships having to be returned to dry docks. As it was, for the six months to 30 June, pretax profit was up 16% to £11m with eps up 10% to 17.7p. Had it not experienced the unforseen problems in its marine oil services business, the underlying performance would have resulted in profit being £12m, up 27%. Fisher's marine oil services business operates a fleet of 27 vessels, which move petroleum products around the coastal waters ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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