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

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.