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James Fisher - Tim Harris - a safe pair of hands

September 2009

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:
  • 460p
Chairman Tim Harris has always proven adept at managing expectations. A couple of years ago, when Fisher sold its loss making cable laying ships it had been expected to lead to a gap in profits but Harris filled the void with a number of successful acquisitions in marine support services, leaving a record of consistent profit growth since he joined in 2001 intact. The businesses bought then are exactly the ones that according to latest interim results have continued to power ahead and even if the performance of its oldest remaining business in operating tankships (a fleet of vessels to transport petroleum products around the coasts of northern Europe) has been affected by a reduction in volumes, we think there is going to be no let up in ...

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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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