The above company has to be brought to Investors attention, with a P/E circa of 8 and news coming from the company that business is in fine shape and with a more or less Monopoly in its Marine Division and Cabel Laying division, a price target of 2.00 cannot be far away.

Make no mistake this is a well managed company, and does well in both Bull and Bear markets, a fine addition to anyones growth portfolio.G

Fisher (James) & Sons PLC
02 May 2003


JAMES FISHER & SONS PLC

CHAIRMAN'S AGM STATEMENT


James Fisher, the leading marine services provider, today held its Annual
General Meeting at 12.00 noon in Barrow-in-Furness.

Prior to the formal proceedings of the AGM, Tim Harris, Chairman, made the
following statement to shareholders about current trading and future outlook:

I am pleased to report that trading in the year to date has been encouraging.
The Tankships business has benefited from a better spot market than last year.
Our cable layers, Oceanic Princess and Oceanic Pearl, continue their five year
charters to ITG. Nexus has been in lay-up since her charter to Global Marine
ended last December. Although we are in active discussion about her future
employment, we have not concluded anything yet.

We have made considerable progress in establishing the group as a marine service
provider and the profit from our Marine Support Division will increase
significantly this year becoming a major contributor to our overall profit. We
are benefiting from the Rumic and Scan Tech acquisitions, and the first full
year contribution from our investment in the AWSR military RoRo joint venture.
All three new businesses are trading up to management expectations.

Despite the delay in finding alternative employment for Nexus, based on trading
to date, your Board remains confident of a satisfactory outturn to the year.


For further information

James Fisher and Sons plc
Tim Harris, Chairman
Angus Buchanan, Chief Executive
01229 615503

Binns & Co PR
Paul McManus
020 7786 9600 ENDS.

G.

Has risen 111% since the bottom on 13 Nov 2001 at 79.50. Is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. The stock has broken up through the resistance at p 164. This predicts a further rise. G

Yes most certainly a Buy.
BROKER FORECASTS

Year Ending EPS P/E PEG Ratio EPS Growth Dividend
31-12-2003 20.64p 7.68 5.33 1.44% 6.50p

31-12-2004 24.65p 6.43 0.32 19.94% 7.22p

Covering Brokers
Brewin Dolphin Securities, Evolution Beeson Gregory, WH Ireland.

WHAT THE BROKERS SAY

Strong Buy 2

Buy 1

Neutral 0

Sell 0

Strong Sell 0

Total 3

Broker recommendations.

G.

Whispers in the city that the company are chasing another profitable target for the marine division.

This company is way undervalued, perhaps it doesnt get the attention is should because of the business it is in, but at some time investors are going to waken up to the potential here.G

Looking at this one rising again today, Mark Moranjie has just tipped it so we should see a lot of interest.G

Have held this company since 1.45. Great dividend, great chart and heaps of potential with good management. Heres hoping for some investor attention!!

Have held this company since 75p and sold half when it got to 150p the first time. A pity brokers are recommending it - the kiss of death! But it has good management, no doubt of that.

I agree with you Jules and Maggot. Low p/e and a fantastic management team.
Way undervalued.G

Just come back to this thread. I thought I'd point out that the dividend is good - ovr 4%. Not sure when it's next due, but if I find out I will post here.

The intermin dividend in 2002 was 2.2p per share, ex-div on Oct 2nd. Final dividend this year was 3.74p per share, ex-div on April 20. On the current price, say 170p, that's actually a little less than 3.5%.

More news today - two aquisitions. The price has risen by 1p so far. Still looks a very solid company.

Looks to be back in the Zone.

cheers GF.

Yes rather stong of recent times.

cheers Gf.

I've long been a holder of FSJ and in my opinion we're in for a lot more upside. The company is very well run, good bolt-on acquisitions, recent sale of one of loss making cable laying ships (but maintaining the charter income for another year), higher margins in the marine division, which is expanding and well positioned for the massive 2bn Government spend per annum nuclear decommissioning support services.

Coming up nicely again. The possibility of new nuclear build in Britain can't do it any harm...

Cheers, Madison

Any current information on FSJ would be appreciated.

john@aravon.com

John McEvoy

Hi John. Share Watch are following this one so I think we will get an update on the 8th of December when Ive been told Xmas issue is out. If you do a reminder on here I will contact you.

cheers GF.

PS, nice to see it doing well today and still rather cheap.

I have held for a long time and am not selling out. I think this still has a long way to run. Trying to keep this as brief as possible, about 2/3rd of revenue is now coming from the higher margin marine services division. The recent acquisition of Monyana, which specialises in winches, increases the operations in this arena.

The recent sale of one of the cable laying ships (there are 2) is excellent news. This has been the bug bearer for me as this side of the business has not been doing well since the the dotcom crash. However, not only have they sold one of the vessels but maintain the charter income into next year.

The great "extra", which I feel has yet to take effect is the nuclear decommissioning sector. The nuclear decommissioning Authority set up by the Government is confirmed to spend 2billion per annum. JFisher are set to gain from this - as recent confirmation that the submarines are able to play a significant part in speeding up the decommissioning processes. This services sector is wide wide open. 4.50/5.50 in next 12-18 months?

I am a recent holder and am confident thatFisher will do well in the long term so hopefully 550p is a conservative target.. cheers.

Many thanks to Goldfinger and Greyhound. I will follow up on fsj. The information from Share Watch will be of great interest.

John McEvoy
john@aravon.com

Moving ahead slightly today..

Nice to see these moving ahead strongly and still rather cheap. Once through 4 who knows where we might end. Remember its new business area is very much more profitable than the cable laying business.

cheers GF.

I like the chart GF and thats good enough for me for 400p in a month or so.

Hi Mitzy,

havent seen you for a while. Hope your still making the mega bucks.

FSJ spot on. Nothing flashy here but nice growth.

cheers GF.

Still around gf and doing just great.. yes Im in from 350p and like what I see.. cheers.

Good on yer Mitzy.

cheers GF.

This ones going well at the moment, up over 4 quid and we are away.

cheers GF.

Goldfinger - we've seen a little volatility recently but stabilising now and as you say, clear of 4 and we're off again. Big gains to come medium term with nuclear decommissioning. I would not be surprised to see acquisitions as well. Excellent management team to boot.

Hi GF suprised to see you on here.[dont know why]. Was looking at fsj a year ago but forgot all about them[the word plonker comes to mind]. Still, bought in July but they started going sideways. Perhaps there will start to climb a bit.

Fingers crossed Guys.

cheers GF.

Dave - try looking at a four year chart. Not much sideways movement in that context!

Nice to see this one having a positive spell.

Cheers, Madison

Now up over the 4 quid barrier, NICE.

cheers GF.

Off to a great start again!

Cheers, Madison

This one has been hovering for quiet a while and little news coming from the company. I suspect they're progressing well in the background and we're now in for a period of upward momentum.

Nice surprise this morning. Put in a limit order last night after scanning this thread and doing a bit of research and got filled pre-market at 4.06

Yup superb , this is more like it.

cheers GF.

Maintaining its rise upwards.

P/E to 31 Dec 2006 = 14.4

P/E to 31 Dec 2007 = 13

Derd cheap.

cheers GF.

Moving up nicely.

cheers Gf.

Nice bounce off the support at 400p

Breaking out again. Excellent...

any story to this today?

Cheers, Madison

Dont know of any yet. Will post If I find anything. Looking rather good.

cheers GF.

This one hasn't done much for a while but it looks as though we are finally heading off into uncharted waters. I'm looking for continued strength as the marine sector and nuclear decommissioning arm continue to gain momentum. Perhaps more acquisitions along the way too.

Spot on.

cheers Gf.

Stepping up again this morning. This could thunder on now, like the 1.40 to 3.00 run.

Im hoping so GH. It looks very promising.

cheers GF.

Superb results today....

James Fisher reports 32 pct rise in profit from continuing ops to 10.7 mln stg
AFX


LONDON (AFX) - Marine services provider James Fisher & Sons PLC reported 2005 profit from continuing activities of 10.7 mln stg, a rise of 32 pct, following the transformation of the company from a traditional shipping company into a marine services company.

James Fisher said its Marine Support Services grew by 34 pct in 2005, and now accounts for 57 pct of profit from continuing operations.

The company said it would propose a final dividend of 8.79 pence per share, up from 7.7p the last time.

With analysts looking for further news on the discontinuation of its Cable ship division, James Fisher said it has written down severely its remaining ship, Oceanic Princess, and will sell it in due course.

Looking forward, Chairman Tim Harris said the company 'is well placed to generate significant organic growth through 2006 and beyond. It has the financial strength to continue its acquisition strategy when the right opportunities arise.'



newsdesk@afxnews.com

ks


cheers GF.

This is excellent news, just what I was expecting. I'm away in Far East so not read the nitty gritty yet - it can wait! Thanks and Chill goldfinger!! Onwards to 500p to start with!

Yup thatl do me GH.

cheers GF.

Just look at the movement up this morning.

cheers GF.

Whoosh!

Just seeing how things closed last night - great move higher. Reading elsewhere that the Telegraph said profit upgrades expected.

Flying ahead.

cheers GF.

I suspect that last weeks gains were partially due to the partial pending sell off of BNFL and the spiralling costs of nuclear decommissioning where FSJ should benefit and may look to increase it's capabilites.

John Lee was singing their praises in the FT on Saturday (14% divi increase).

Cheers, Madison

Strange price movement in this one. Cant seem to work it out. Never mind as long as its generally upwards.

cheers GF.

Nice bit of news today on new tanker delivery too.

Im told this as been tipped in the SCSW tip sheet this weekend.

cheers gf.

Yes it was - excellent write up, nothing that we don't already know other than more acquisitions should be expected across each division. Fisher expected to capitalise on nuclear decomm. and share price has further to run.

Was it a BUY reco GH? or accumulate.

Cheers GF.

Very much a BUY

Cheers GH.

Nice to see this one hovering on bagger status since first posting here. P/E of just over 17 to 31st of December 2007 means this one doesnt look so cheap at the moment but there is great momentum behind it so a few bobs worth of profit and further wartching and holding for me.

Continuing its march upwards which is pleasing. Does look a little toppy now on fundies.

I see this going quite a bit higher in the next couple of years with further acquisitions on the horizon too.

An excelent bolt on and should add to EPS. I expect an upgrade from the companys broker.......

James Fisher buys Strainstall Group for 7 mln stg plus debt
AFX


LONDON (AFX) - Marine services firm James Fisher & Sons PLC has bought privately-owned Strainstall Group Ltd for 7.0 mln stg plus the assumption of 4.2 mln stg of debt.

Isle of Wight-based Strainstall designs and supplies safety and productivity based monitoring, control, load measurement and structural monitoring systems. The group operates internationally and services a wide range of industries including the marine, offshore, nuclear, and rail markets.

The acquisition is for cash and loan notes and is being funded from existing resources.

For the year ended Sep 30, 2005 Strainstall's profit after tax was 381,000 stg and net assets were 2.2 mln stg.

newsdesk@afxnews.com

joy

James Fisher unit buys UK submarine rescue service for undisclosed sum
AFX


LONDON (AFX) - James Fisher and Sons PLC said its unit James Fisher Defence Ltd agreed to buy the operating assets of the UK submarine rescue service from the UK Government's Defence Sales Agency for an undisclosed amount.

It is buying the service, which was mobilised during Russia's Kursk disaster in 2000, to provide submarine rescue services to other nations, it said.

newsdesk@afxnews.com

tfn-ban-pmi/jc

Fisher (James) & Sons PLC
06 November 2006

For release 06 November 2006



James Fisher & Sons Plc

('James Fisher' or 'the Company')


Formation of James Fisher Inspection & Measurement Services




James Fisher (FSJ.L), the marine services provider, announces the formation of a
new company, called James Fisher Inspection & Measurement Services (JFIMS), to
provide inspection and measurement services to the nuclear, defence and offshore
sectors and has appointed Dr Paul Read as its managing director, who joins from
British Nuclear Group, where he was managing director of its instrumentation
subsidiary, with extensive experience in the field of measurement and
characterisation technologies.


JFIMS, which will be based in Manchester and near Sellafield, is also
establishing partnerships with key product manufacturers and is pleased to
announce a strategic partnership with VJ Technologies Inc, a New York based
market leader in the provision of safe, state-of-the art inspection systems and
provision of X-Ray characterisation equipment for a broad range of applications
and demanding operating environments.


JFIMS will provide a broad measurement and inspection capability based on a wide
range of technologies, including optical, acoustic and X-Ray. The new company
will operate alongside James Fisher Nuclear and James Fisher Defence to enhance
the services offered to these key sectors.


Tim Harris, Chairman, James Fisher said:


'We see JFIMS as an important development in providing quality services to our
customers in the nuclear, defence and offshore sectors, and are delighted to
bring on board someone of Paul's experience and stature within the industry. He
has a proven track record of fulfilling customer needs in regulatory and quality
driven markets leading to very rapid and sustained profitable business growth.
JFIMS is already forming partnerships with key product manufacturers.'


Vijay Alreja, Director, VJ Technologies, said:


'James Fisher is a key component of VJT's European business plan and the
Company's commitment to the UK customer base, coverage and complimentary
capabilities make it an ideal partner to deliver our product to market and
provide lifetime support and operations personnel.'


Paul Read said:


'Changes in the nuclear and defence markets are leading to an increasingly open
competitive environment demanding greater emphasis on service quality, delivery
to programme and value for money. JFIMS is addressing this market opportunity
through innovation to meet customer needs. We are delivering for our customers,
utilising state-of-the-art JFIMS equipment with highly skilled and experienced
personnel trained within the industries they are now supporting. Feedback from
the market has been very positive and we are confident of achieving strong
organic growth.'




For further information please contact:

Nick Henry Chief Executive Officer James Fisher & Sons plc 020 7338 5808
Dr Paul Read Managing Director James Fisher Inspection & Measurement 07831 553 719
Services 0161 232 1414
Peter Binns Adventis Financial PR 020 7034 4760

This is yet again looking very good value to me and good to see the development of the new division and recent acquisitions. FSJ was also Small Company Share Watch's main buy recommendation this weekend. I expect to see us break a lot higher now, maintaining this 5 year uptrend.

Me too.

Been storming ahead in the last few days.

And will shortly be testing the all time high. Very good value still in my opinion and shall be holding for 6/7 and more cash generative acquisitions to come.

Seriously undervalued.

Moving on up.

Continues its ride up.

Nicely breaking into new territory and few seem to realise what a good company this is with excellent management. We'll be reading more and more about FSJ in the coming months...

Spot on GH.

Up another 4% today, a bit of momentum gathering behind this one now.

Yup moving up nicely.

James Fisher to buy FT Everard for 23.7 mln stg cash, assume debt of 28 mln stg
AFX


LONDON (AFX) - James Fisher & Sons PLC, a UK provider of marine services, said it has agreed to buy FT Everard for 23.7 mln stg and the assumption of 28.0 mln of debt.

Fisher said it will finance the purchase through existing and new bank facilities.

FT Everard currently operates 11 CPP tankers, nine of which it owns, with four further tankers due to enter service in 2007, and owns and operates Cattedown Wharves - a port facility on the River Plym, Plymouth.

The acquisition is expected to be earnings neutral in 2007.

Fisher said the acquisition will bring a predominantly modern double hulled fleet to the group. It will also benefit cash flow which will help the group to accelerate the expansion of its other divisions; and, the ability to bring FT Everard's fleet into the tonnage tax regime.

When the acquisition is complete FT Everard chairman Michael Everard and MD William Everard will join the board of James Fisher.

Fisher also commented on current trading which it said, overall, is in line with management expectations.

It said the offshore oil services and specialist technical services divisions are trading well in the second half, however, marine oil started slowly owing to an extended summer dry-dock season with mechanical problems identified in two vessels. These vessels have now been repaired and the ships returned to service.

Based on current trading and the expected benefits from the acquisition, the directors view the prospects of the enlarged James Fisher group with confidence.

newsdesk@afxnews.com

slm

Hi Goldfinger. Just been talking about this elsewhere. Plymouth is my home town, not that I live there now and this in my mind is a masterstroke (again) for Fisher to have under it's umbrella. Also, I believe they will have excellent connections in the area and this could well extend to Plymouth's Devonport Dockyard - think, submarine fleet, marine services, refits, nuclear..

There's insufficient stock out there and this company is entering a new league!

Panmure raise Fisher from hold to buy, target 640p. (That could be this week then ;) )

GH Plymouth development could be first class.

Nice to see it s still on a march northwards.

You dont happen to have a copy of the brokers note do you?.

GF, I haven't sorry.

James Fisher unit wins 10 mln stg rescue submarine deal from South Korean navy
AFX


LONDON (AFX) - Marine services provider James Fisher & Sons PLC said its defence unit has won 10 mln stg to deliver a submarine rescue vehicle to the South Korean navy.

James Fisher said the amount will be paid over three years.

newsdesk@afxnews.com

wj

TA looking very strong.

Company also trades on a forward P/E to end of Dec 2007 of just over 18 and a PEG of 0.4.

Given that its in a growth niche area of Nuclear there should be more to come.

Heading on upwards. Nice review in ShareWatch at the weekend, still saying undervalued with a "keep buying" conclusion.

Excelent news.

Cashed in a few tranches here.

Not as relatively cheap as it was going back a year or so.

Holding the balance.

has certainly gone through my mind, however tend to think there could still be some mileage considering the earnings enhancing acquisitions...

GH I have no problems with the stock really, its just a case of of being a tranche buyer I tend to sell off mature tranches in exchange for tranches in cheap undiscovered stocks.

Ive had a couple of more tranches in Silverdell today.

GF, have also now taken some cash off the table as like you by the sounds I've held for a number of years so good to take profits at these highs. I'll keep an eye on Silverdell but looking for something ISAable for the FSJ cash. Good luck!

Yup good trading that GH.

Just found this freebie on the Mike Walters site. Personnaly I have reduced my exposure to this stock (one tranche left) as its looking at the moment fairly valued and I feel I can get more growth elsewhere, but if we see further signs of growth I may add more tranches, heres the article anyway..

Growth Machine
16/1/2007 (119264)

Growth Machine


Tim Harris arrived at James Fisher from P & O just over six years ago. He and his team impressed at a meeting in October, prompting my Steaming Ahead report of October 13, when the share price was 502p.

Now the shares are 624p, and Harris has executed a number of deals, taking spending in the past four years over 100m. All of the signs suggest that he is set to continue building Fisher, which he has transformed from a capital intensive shipping company to a skills-based marine services operator with an emphasis on outstanding capital management.

Check the October report for details of what Fisher does, then go to the announcement on December 6 of the acquisition of F.T.Everard (FTE) for 51m (17.6m initial, 6m deferred and 27.4m of assumed debt), and marvel at how nicely it all fits together.

FTE operates 11 clean petroleum tankers around the coastal waters of the UK, and is the second largest player behind Fisher itself, which has 16 vessels. It also owns Cattedown Wharves in Plymouth, the main clean petroleum terminal for the West Country.

As house broker Evolution points out, historically FTE has generated up to 30m of revenues for its main activities, but recent profits have been hit by the late delivery of new vessels, and by mechanical troubles at two of the fleet.

Fisher is likely to sell and charter the vessels, releasing cash to cut borrowings and allowing the business to benefit from the remarkable tonnage tax regime, which means profits are virtually free from tax so long as the boats are chartered. FTE is awaiting delivery of two new vessels, and four are due. All are delayed, and timing of their arrival will obviously influence profits.

It is probable that the FTE acquisition will be earnings neutral in 2007, with interest and restructuring charges offsetting operating profits. In 2008, profits and cash flow should accelerate, and the broker anticipates operating profits of 4m to 4.5m and free cash flow of 6m to 6.5m. As FTE margins rise to those of the current Fisher fleet, cash return on capital is likely to reach over 14%. Fisher will be operating a fleet of 30 young tankers by mid 2007, after selling the oldest tankers.

Since the half-year, Fisher has been busy. In addition to FTE, it has acquired load-measuring company Strainstall for up to 11m, the net operating assets of the UK Submarine Rescue System (which it already operated), plus a specialist North Sea oil equipment supplier, and formed a strategic partnership with a leading US company to supply inspection and measurement services to the nuclear, defence and offshore industries. Just before Christmas, it also won a 10m three-year contract to supply a submarine rescue vehicle to the Republic of Korea Navy.

Clearly Fisher is rolling forward nicely. Evolution suggests the FTE deal alone could add 5p or 5p to earnings for 2008, and has raised the share price target to 630p. It appears that 2007 earnings could top 30p.

Fisher shares were 502p when I spotlighted them in October, and subsequently dipped below 500p. I suggested picking them up if they should slip back to the 450p to 470p range on a dull day, but they never quite made that. Now? They still look attractive as solid, long-term winners to buy on a dull day.

Ends

GF, interesting read. I have one tranche left too but still reckon with this heading up beyond 7. The recent acquisition of FT Everard I believe is a real coup and not yet fully appreciated by the market.

Fisher (James) & Sons PLC
16 February 2007


James Fisher and Sons plc

('James Fisher')

Appointment of Stockbroker



James Fisher and Sons plc, the leading provider of marine services, announces
the appointment of Investec Securities as its stockbroker.



-ENDS-



Contacts


James Fisher and Sons plc Tim Harris Chairman 020 7614 9508

www.james-fisher.co.uk

James Fisher wins order for submarine rescue service with Singapore Navy
AFX


LONDON (AFX) - Marine services company James Fisher & Sons PLC said its unit James Fisher Defence Ltd (JFD) and its partner Singapore Technologies Marine Ltd, part of Singapore Technologies Engineering have won a 20-year contract to deliver a comprehensive submarine rescue service to the Singapore Navy.

Financial terms of the contract were not disclosed.

James Fisher Defence will design and supply the complete submarine rescue system, and maintain the rescue assets

It said the contract, which will run until 2029, is estimated to replace the revenue and net earnings from JFD's current contract to operate the UK Submarine Rescue system, which is expected to come to an end in 2008.







newsdesk@afxnews.com

bsu/rar

Very solid results reported today. Certainly going in the right direction...

Marine Support profit lifts Fisher & Sons
MoneyAM
James Fisher & Sons reported a 42% rise in full-year underlying profits on a 29% rise in revenue.

The firm said that trading for 2007 to date has been in line with its expectations.

James Fisher reported a profit before tax and exceptionals of 15.9m for the year ended December 31st, compared with 11.2m a year prior as revenue rose to 118.1m from 91.4m.

The company lifted its final dividend by 15% to 6.54p.

The group, which provides specialist support services for the offshore oil industry and the defence sector, said its Marine Support Services division contributed over 70% of the profit.

Profits from the Offshore Oil Services divisional rose 82%.

According to broker Evolution, Fisher's pretax profits were expected to rise to 15.7m, making EPS of 27.1p against 18.2p.

Positive this morning.

Presently sitting on a 387% gain since may 2003.

Was going to take a profit but then changed my mind when I reviewed the nuclear operations going forward.

With you there gf! Looks to me like we're ready to retest the 640 highs after a nice consolidation period. A break there signals our next ride into uncharted waters to 7 and beyond in my opinion. Definitely hold for more here now. Integrations all on schedule and probably more around the corner to grow this group further.

GH, yep things look bright here.

GH, GF, thanks for your input here. I don't know the company but agree on a chart basis that things could get interesting if the January high is breached with decent volume accompanying.

It's a robust outfit, excellent management and they're carving out for themselves a real niche market. I have to now consider that upwards of 640p this becomes a buy again. I don't think we've heard the last of the FT Everard acquisition in Plymouth - only because I know of this company, Plymouth being the town I grew up in and suspect they themselves are growing rapidly, so will add to eps.

Thanks GH.

Have put it on my watchlist.

goldfinger - have you looked at cosalt (CSLT), reckon you'd like it - reminds me so much of this stock back a few years. Good profitable manu company in protective clothing and safety equipment. Good growth going to come out of Europe/US in my opinion.

Further expansion to the marine division in today's acquisition and additional cost savings to be made as they move to Fisher's site near Aberdeen. I would expect to see us heading back up to the 640p highs soon to finally break that level. There's been quite a bit of resistance this month but this is only good for setting up the next rises IMO.

Good news....

James Fisher sees H1 trading modestly ahead of its expectations
AFX


LONDON (Thomson Financial) - James Fisher & Sons PLC said it sees first-half trading to June 30 modestly ahead of its expectations.

The marine services company said the first-half will bear all the one-off integration costs related to the merger of the Everard tankships operation into James Fisher Tankships to form James Fisher Everard. The merger is now substantially complete and the benefits are coming through, it added.

The company, in a pre-close trading statement, said the first three Everard new builds have been successfully refinanced on schedule as bareboat charters, reducing debt by 22.7 mln stg.





TFN.newsdesk@thomson.com

gf, should start to see it head back towards the 630's all being well.

Fingers crossed GH.

Activity has been a bit lacklustre over the last few months but taking a look at the graph over the longer term this continued consolidation looks good for building on the next moves higher. Nice to see it bucking the trend today at least!

Yep one of my few blues today.

Sure you're not alone there, looking better already this morning!

Just when we least expect it Fisher decides to put in a spurt, now getting back to these all time high levels for an eventual breakout.

Yes does look encouraging.

Nice to see this old faithful bucking the trend today and taking us back to all time high.

Yep nice move up today GH, thank good ness I didnt get shot in my spring cleaning exercise........................ NICE.

So we just manage a new all time high. Agree, nice to still have this in the portfolio.

And a bolt on, pity the market is in such a mess today or we would have had a rise.....

Fisher (James) & Sons PLC
27 July 2007







For release 0700 Friday 27 July 2007



James Fisher Acquires

NDT INSPECTION AND TESTING LTD



James Fisher and Sons plc ('James Fisher' or FSJ.L), the leading marine service
company, announces the acquisition of the privately owned UK based Inspection
Holdings Limited, whose main operating subsidiary is NDT Inspection and Testing
Ltd (NDT), for a maximum cash consideration of approximately 2.1m. The
acquisition is being funded from existing resources.



NDT provides non destructive testing services to a wide range of clients in
industries including aerospace and nuclear. The company employs more than 50
permanent staff across its three sites in Queensferry, Worcester and
Sittingbourne, which are strategically located to provide UK nationwide
coverage.



The NDT business will become part of James Fisher's Specialist Technical
Division which will leverage NDT's solid capabilities to develop enhanced
inspection services using modern digital radiography.



NDT's turnover for the year to 31 December 2006 was 2.6m. Initial consideration
is 1,200,000 with an additional amount of up to 800,000 payable if operating
profit before depreciation reaches 397,000 in the year to 31 December 2007.
James Fisher also undertook to redeem a loan note of 137,018 outstanding at
completion.



Tim Harris, Chairman of James Fisher, said:



'NDT will assist the expansion of James Fisher Inspection and Measurement
Services. It complements our existing products and services and enjoys a strong
position in a specialist niche market.'



Paul Read, the Managing Director of JFIMS, said:



'Acquiring NDT represents the latest step in building JFIMS into a major
provider of inspection and measurement services. The acquisition complements
our business and strengthens our market presence. I look forward to working
with the NDT team to develop the business further and focussing on delivering
high value services to our customers.'



EC Hambro Rabben & Partners Ltd acted as corporate finance advisors to James
Fisher.



For further information, please contact:


James Fisher and Sons plc Tim Harris Chairman 020 7614 9508

www.james-fisher.co.uk



James Fisher IMS Paul Read Managing Director 0161 227 8843

www.jfims.co.uk

Funny that gf, I was only thinking coming in this morning with the market debacle about taking all my profit but seeing the good bit of news - particularly as it's self funded - I've decided to hold. I'd like to think that this is a correction, albeit it could last a while.

Im thinking the same.

I dont feel we are in or entering a bear market, the P/E for the FTSE is just over 12 and the broader indicies 13.4.

Never in history have we entered a bear market on such low ratios.

Fisher just rated "buy" in new coverage at Dresdner Kleinwort. Looks like things are going to start hotting up here imo.

Another blue day.

Just wish it would blast its way out of this range to the next up leg.

It will, and I think we're now moving up a league. This consolidation has been so long that 7 will quickly appear. Faster growth to come in my opinion. Even a buy again now.

What happened - I left early and see us below 6 this morning...no apparent news but bit of a dip even allowing for market volatility.

Nice to see this one picking up some of the lost ground on interims today.

Another strong rise coming through this morning now taking us to new highs. Another attempt now on a sustained run higher. This looks cheap to me and at some point in the future perhaps we become a takeover target? But I'm not sure for whom.

All looks well GH.

Buy rec just coming out from Brewin Dolphin.

Just updating on this one.

To 31/12/2008 forward P/E is just over 16 with a PEG of 0.8 and 21% EPS growth.

Looks fairly priced but I think new analyst figures are still to be produced.

Nice solid rise appearing suddenly. Perhaps some realising how the power tools acquisition is going to enhance the marine division further. We've had some volatility of late so we really should be pushing into new territory now.

Nice to see that change to the big figure on Fisher today.

looks good in lots of ways EXCEPT seemingly totally illiquid with NMS of only 250 shares ...... comments please

I've held for years here and held a number of tranches. It's actually not so bad dealing in size I've found.

So we're right at new highs but recent acquisitions are likely to be earnings enhancing and adding to the bottom line straight away. It's not the sort of stock to make a quick buck but I feel that sentiment is changing and we're entering a new more dramatic growth period. Management have always managed expectations and integrated new companies into the fold well. The margins on the marine side are pretty healthy too and it is well positioned for the lucrative nuclear decommissioning market.

Choose your timing well and it's a good hold.

Cynic, it also has a nice submarine division and if you recall the submarine rescue back in 2006, or was it even longer ago??, that was this outfit. Has since won contracts with external navies. Just for info. It's already been a multi-bagger but might be nice to watch a while and add to the portfolio for dependability and perhaps more upgrades on the horizon...

thanks Mr G ..... shall certainly keep watching this but am certainly puzzled as to why it is so illiquid .... after all, while no giant, it's certainly not a minnow either

For those of you that like/hold Fisher, you might like to know of a similar company that I believe is growing in the same field, namely Cosalt (CSLT), and fully listed. I haven't had chance to start a proper thread yet but I've been buying in and Cosalt is transforming itself and I think morphing into something similar to James Fisher. Cosalt is developing rapidly in the marine/safety sector and could well see good long term growth. Also newly appointly broker has marked this a buy this week. Fun times ahead IMO.

New highs again today, nice moves now and off into new territory. Upgrades to come imo.

Looking like another good entry point on recent weakness for medium term.

I believe this may have been tipped in IC today???

Have to consider taking another tranche at this giveaway level. Looking overdone imo.

Climbing nicely again, I expect to see us back at the highs early in 2008