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James Fisher

September 2015

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:
  • 1033p
It’s quite a sad moment when a company that has almost relentlessly been grinding its profits higher disappoints. In the case of James Fisher, its latest H1 results showed the first real decline in profit for 12 years since SCSW tipped them and it all boils down to the never ending drip feed of bad news for the oil price. Overall, sales were down 1% to £213.1m and pretax profit was down 19% to £17.8m. Adjusted eps was down 13% to 29.5p. Net debt was £103.6m  reflecting  £30.2m spent on acquisitions.It’s especially disappointing because Fisher’s Offshore Oil arm rents marine equipment (compressors, submersible pumps, generators, lifting equipment) for maintenance rather than explor ...

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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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