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

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.

Interims this Wednesday.

Pretty bad.

Today's fall is probably due to this :- Caterpillar cuts full-year 2013 outlook

SP looking pretty sick atm.

Half Year Results


Highlights

• Robust performance in a challenging operating environment and against record comparable results last year

• Revenue of £391.3m (2012: £412.0m); underlying profit before taxation1 of £35.8m (2012: £48.1m)

• Dividend per share increased by 7% to 3.75p per share (2012: 3.50p), reflecting confidence in the Group's earnings prospects

• Improving order levels in Engineered Conveyor Solutions in North America; pressures continue in Australia; strong trading elsewhere

• Advanced Engineered Products saw good progress in new applications and emerging markets and strong performance by acquired businesses; activity levels continue to improve after quieter start to year following customer destocking

• Acquisitions during the period performing well and ahead of expectations

• Confident of a return to growth in our 2013/2014 financial year


1 Underlying profit before taxation is before amortisation of intangible assets acquired and notional interest.

StockMarketWire.com
Investec lifts Fenner to buy from hold, target changed to 380p from 455p.

Gone long stock looks to be recovering.

Ex-divi wed 31st July (3.75p)

R u sure? :-)

Well spotted. Divi figure amended! Not sure what happened there, though suspect clammy, fat fingers!

Yep.

Must admit I had a very tight stop loss and was stopped out twice.

This last order though got me in and profitable.

JP Morgan Cazenove retains neutral on Fenner target cut from 420p to 340p