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 will shortly be testing the all time high. Very good value still in my opinion and shall be holding for 6/7 and more cash generative acquisitions to come.

Seriously undervalued.

Moving on up.

Continues its ride up.

Nicely breaking into new territory and few seem to realise what a good company this is with excellent management. We'll be reading more and more about FSJ in the coming months...

Spot on GH.

Up another 4% today, a bit of momentum gathering behind this one now.

Yup moving up nicely.

James Fisher to buy FT Everard for 23.7 mln stg cash, assume debt of 28 mln stg
AFX


LONDON (AFX) - James Fisher & Sons PLC, a UK provider of marine services, said it has agreed to buy FT Everard for 23.7 mln stg and the assumption of 28.0 mln of debt.

Fisher said it will finance the purchase through existing and new bank facilities.

FT Everard currently operates 11 CPP tankers, nine of which it owns, with four further tankers due to enter service in 2007, and owns and operates Cattedown Wharves - a port facility on the River Plym, Plymouth.

The acquisition is expected to be earnings neutral in 2007.

Fisher said the acquisition will bring a predominantly modern double hulled fleet to the group. It will also benefit cash flow which will help the group to accelerate the expansion of its other divisions; and, the ability to bring FT Everard's fleet into the tonnage tax regime.

When the acquisition is complete FT Everard chairman Michael Everard and MD William Everard will join the board of James Fisher.

Fisher also commented on current trading which it said, overall, is in line with management expectations.

It said the offshore oil services and specialist technical services divisions are trading well in the second half, however, marine oil started slowly owing to an extended summer dry-dock season with mechanical problems identified in two vessels. These vessels have now been repaired and the ships returned to service.

Based on current trading and the expected benefits from the acquisition, the directors view the prospects of the enlarged James Fisher group with confidence.

newsdesk@afxnews.com

slm

Hi Goldfinger. Just been talking about this elsewhere. Plymouth is my home town, not that I live there now and this in my mind is a masterstroke (again) for Fisher to have under it's umbrella. Also, I believe they will have excellent connections in the area and this could well extend to Plymouth's Devonport Dockyard - think, submarine fleet, marine services, refits, nuclear..

There's insufficient stock out there and this company is entering a new league!

Panmure raise Fisher from hold to buy, target 640p. (That could be this week then ;) )

GH Plymouth development could be first class.

Nice to see it s still on a march northwards.

You dont happen to have a copy of the brokers note do you?.

GF, I haven't sorry.

James Fisher unit wins 10 mln stg rescue submarine deal from South Korean navy
AFX


LONDON (AFX) - Marine services provider James Fisher & Sons PLC said its defence unit has won 10 mln stg to deliver a submarine rescue vehicle to the South Korean navy.

James Fisher said the amount will be paid over three years.

newsdesk@afxnews.com

wj

TA looking very strong.

Company also trades on a forward P/E to end of Dec 2007 of just over 18 and a PEG of 0.4.

Given that its in a growth niche area of Nuclear there should be more to come.

Heading on upwards. Nice review in ShareWatch at the weekend, still saying undervalued with a "keep buying" conclusion.

Excelent news.

Cashed in a few tranches here.

Not as relatively cheap as it was going back a year or so.

Holding the balance.

has certainly gone through my mind, however tend to think there could still be some mileage considering the earnings enhancing acquisitions...