Dull business but cracking chart, great dividend and ad hoc takeover rumours. I'm happy to settle for that kind of dull!

Hi Maggie Chris informed me this weekend divi was today as per norm with all divis on a wed.

Think you should stay in as you may find a quick bounce back.

Correct. Ex-divi is today. -6% seems a bit harsh for a 7p divi.

Aye 7p maggie.

Apologies and thanks gentlemen for straightening me out. I thought it was payment day today! Hence couldn't understand fall.Duh!!! If I'd realised it was only ex div would have been tempted to take profits and buy back in, so shall just stay put.

Hovering @200ma.

BROKERS Bullish on FENR.....

Date Company Name Broker Rec. Price Old target price New target price Notes

17 Jan 13 Fenner PLC Credit Suisse Neutral 385.75 345.00 400.00 Reiterates
16 Jan 13 Fenner PLC N+1 Singer Buy 385.75 - 384.00 Retains
16 Jan 13 Fenner PLC Canaccord Genuity Buy 385.75 471.00 471.00 Reiterates
16 Jan 13 Fenner PLC Numis Buy 385.75 435.00 435.00 Reiterates
16 Jan 13 Fenner PLC Finncap Hold 385.75 - - Downgrades
16 Jan 13 Fenner PLC Investec Hold 385.75 415.00 420.00 Reiterates
14 Jan 13 Fenner PLC Jefferies International Buy 385.75 490.00 490.00 Reiterates
08 Nov 12 Fenner PLC Panmure Gordon Buy 385.75 460.00 460.00 Reiterates

N@P Building Society.

That sort of steadies the nerves a bit.

At last the turn around.

Far too cheap and chart indicates at
base of a uptrend channel.

Should be a lot to come.

Stop to 401.1 to lock in + 10 on the spreads.

Channel top looks about 450p Chris.

On laptop at moment away from main PCs so cant get chart done.

Fingers crossed GF.

Yep good day.

Stop to 411.1 lock in + 20

See NT bought in @ 397.0 :O)

Any guesses (informed of course!) where the top is? Got caught out last time and lost all my profit.

No idea maggie, my target (Limit) is 440.0 with a trailing stop of 11pips on the spreads.

Thanks Chris. Was thinking might be too much to hope for of it going past 440.

It may well go past 440.0 maggie, might not get past 430.0 on the other hand either :O) pays your money takes your chance.

Pre-Close Trading Statement
Fenner PLC today provides an update on trading for the six months ended 28 February 2013. The Group expects to report its half year results on 24 April 2013.

Trading in the second quarter of the financial year has been in accordance with management expectations.

Our ECS business in Australia enjoyed strong trading during the first quarter but saw lower demand and the anticipated price pressure from the mining industry through the holiday period in our second quarter. In North America, while demand from the coal industry across the period was below historic levels, some early but encouraging signs of improved activity have been evident in recent weeks. Elsewhere in this division, trading is robust and progress has been achieved in expanding our product range and our presence in emerging markets.

Our Advanced Engineered Products division has performed well in challenging traditional markets whilst making progress in new applications and emerging markets. We have seen some higher order levels in many business units as customers re-stock and position for recovery although it is too early to establish trends at this stage.

The four bolt-on acquisitions (American Industrial Plastics, Norwegian Seals, Mandals and Australian Conveyor Engineering), which were completed in the first quarter, are performing well during these initial months of ownership. Prior acquisitions, some of which are part owned, continue to perform strongly.

Net borrowings are approximately £175m after acquisition payments of approximately £60m, seasonal outflows and adverse exchange rate movements.

As the Group enters the second half of its financial year, we are well positioned to respond to generally improving demand drivers and now look forward to continuing to make progress through our traditionally stronger trading period.

sp taking a beating today ahead of results due next week.