Thought I'd start a new thread for this one. This month British Nuclear Fuels (BNFL)has come under the authority of the Nuclear Decommissioning Authority (NDA)which has a 48 billion budget from the government to decommission former BNFL sites, estimated at around 2 Billion per year initially. Fisher is set to benefit tremendously from this decision and this has not yet been appreciated by the market (P/E ratio for 2005 12.7).

Yes it was GF,,tipped at 315p..JB..

Evolutions last note on Fisher makes for interesting reading, especially the short term price target.

18 March 2005


James Fisher has announced the acquisition of Fendercare for 12.0m cash
(11.3m payable now, 0.7m payable in September). The company supplies a
range of quayside and mooring products for both military and civil clients. The
company also is the worlds leading ship-to-ship transfer operator, with 19
regional operating bases throughout Europe, Asia and West Africa. As such, the
deal strengthens Fishers services side of the business, which now will represent
over 80% of group revenues in FY05.
Change to forecasts
Revenues 81.6 92.9 84.6 101.6
Operating profit 18.9 19.9 19.5 21.3
Pre tax profit 14.4 14.7 15.0 16.2
EPS 24.37 24.85 25.08 27.09

Source: Evolution
We anticipate the deal will increase operating profits by 1.0m during FY05 and
1.9m in FY06. This assumes a small degree of integration costs in the first year
and no revenue synergies in the second. In terms of EPS, the acquisition is only
likely to have a marginal effect in FY05, but adds 8% in FY06.
With services now clearly the vast majority of Fishers revenues, the quality of
earnings have been transformed. In addition, post the transaction we are
revising our sum-of-the-parts price target from 390p to 410p to reflect the
earnings enhancement from the deal.
Continued over
Acquisition of Fendercare builds the
services revenues
Earnings enhancing
Raising our SOTP based price target
from 390p to 410p

Acquisition
The acquisition of Fendercare for 12m further adds to the growth of the
services side of the business, it increases overseas sources of revenues and
is earnings enhancing. Raising price target from 390p to 410p.
Mkt Cap 161m Net Cash -37m
Fisher (James) (FSJ.L)
Update Price/Target: 327p/410p
Source: JCF BUY.


cheers GF.

More of the same tomorrow please.

cheers GF.

A bit of profit taking this morning leaves the door open for new investors to jump aboard.


cheers GF.

Buyers comin back in now GF.

Yes in fact looks like we have more buys than sells. Strange day on the market if you look at buys V sells, looks like those Cos who have sold more than buys are doing well. Mind then again they arent always reported correctly

cheers GF.

recovering nicely now.

Not a bad finish, hoping for a plus day tomorrow.

cheers GF.

Nice to see this one up on a rotten day.

cheers GF.

Marked up 2.5p at the off, must have been tipped somewhere?.

cheers GF.

Should be a sound play in volatile markets.

cheers GF.

GF. About what we were saying about the AIM markets at the mo and the need to move into solid earners rather then the speculative stuff, I think Fisher is definately one to switch to. Another favourite of mine is MOS international, which looks like a great play for these markets. Totally overlooked by the press and on the verge of reporting a surge in earnings.

Chad , your right and beleive me Im the type of bloke to say what a load of bollocks, but its not.

Your right Ive gone over MOS many times now but I have to keep to a strict % ( sector.) Thats how I make the dosh. You have to reel the winners off against the losers and beleive me if you have a loser looking sick fundy wise no matter what the charts and Mystic Meg tell you sell and consolidate your losses.

Please remember you can always move back in and tear up the oposition.

cheers GF.

what was the reason for the drop right at the end? buys well outnumbering sells.

Shite markets chad, shite markets..

Still holding, please be patient. Govt contracts on the way.

cheers GF.

James Fisher wins UK MoD submarine contract
AFX


LONDON (AFX) - James Fisher & Sons PLC, a marine services provider, has been selected to supply a turnkey marine project for the Ministry of Defence UK Submarine Rescue Service.

The UK Submarine Rescue Service is the principal submarine rescue asset participating in a NATO international naval exercise off Italy.

newsdesk@afxnews.com


Cheers, Madison

Yes a good contract win.

cheers GF.

Nice to see this moving up today.

GF - besides the Sub Rescue Service project are there more government contracts coming?

Cheers, Madison