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

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.