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

Gone long on FENR Fenner. Jumped gun on lower indicators a little but its in good nick and trades on a forward P/E of just over 11 to 2013. Too cheap. Results 25th of April, hoping we get a good run up to them.

Fenner FENR

Arden Brokers issued a BUY Note today.

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

02 Apr Fenner PLC Arden Partners Buy 438.05 - - Retains

FENNER FENR

Brokers Supporting Fenner.

Forward P/E of just over 11 to 2013.
Historic P/E for 2011 going on for 18
Plenty of upside left here.

Fenner PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Arden Partners
27-03-12 BUY 100.00 34.64 9.00 112.00 38.61 10.00
Peel Hunt
27-03-12 HOLD 102.00 35.00 8.80 112.00 38.50 9.70
N+1 Brewin
26-03-12 BUY 97.80 34.10 9.50 105.80 36.80 10.50
Panmure Gordon
23-03-12 BUY 99.70 34.30 9.44 115.00 39.80 11.30
FinnCap
09-03-12 BUY 101.10 35.00 10.50 114.80 39.90 12.50
Westhouse Securities
09-03-12 BUY 104.50 36.00 8.80 119.50 39.90 9.50
Broker Name Withheld 3
08-03-12 BUY 95.00 34.00 9.50 104.50 37.30 10.50
Fairfax IS
08-03-12 BUY 97.00 33.20 8.80 110.10 37.70 9.70
Numis Securities Ltd
08-03-12 BUY 99.50 35.00 9.00 110.50 38.50 9.75
Investec Securities
07-12-11 HOLD 86.55 29.60 8.40 95.05 32.55 9.00
Fyshe Horton Finney Ltd
13-06-11 BUY

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 99.06 34.36 9.22 110.84 38.29 10.33

1 Month Change 6.41 2.27 0.32 7.97 2.69 0.39
3 Month Change 11.92 4.23 0.46 13.93 4.81 0.60


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 72.90% 37.07% 11.42%
DPS 9.09% 28.11% 11.96%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £108.90m £130.09m £141.51m
EBIT £81.60m £110.00m £118.75m
Dividend Yield 1.66% 2.13% 2.38%
Dividend Cover 3.48x 3.72x 3.71x
PER 17.29x 12.62x 11.32x
PEG 0.24f 0.34f 0.99f
Net Asset Value PS 37.48p p p

Digital Look premium..

A BUY-IF on the candles

http://www.britishbulls.com/StockPage.asp?CompanyTicker=FENR&MarketTicker=Industrials&Typ=S

FENNER FENR

Latest broker deals and Director Buys........

Very bullish data.

Fenner Broker Views

Date Broker Recommendation Price Old target price New target price Notes

02 Apr Arden Partners Buy 443.70 - - Retains
28 Mar Merchant Securities Buy 443.70 - - Reiterates
23 Mar Merchant Securities Buy 443.70 - - Reiterates
21 Mar Merchant Securities Buy 443.70 - - Reiterates
16 Mar Credit Suisse Outperform 443.70 500.00 540.00 Reiterates

Fenner Director Deals

Date Director Type Volume / Price Trade Value

01 Feb 2012 Alan Wood Buy 5,528 @ 449.70p £24,859.42
24 Nov 2011 Richard Perry Buy 856 @ 356.46p £3,051.27

FENNER FENR

Results 25th of April.

Hoping we get a good run up to them...

http://www.investegate.co.uk/Article.aspx?id=201203080700119212Y

FENNER FENR

Results 25th of this month should
fingers crossed get a good run up
to them. Both fundies and TA very
positive.

Fenner FENR


Gone positive on the Candles.........

http://www.britishbulls.com/StockPage.asp?CompanyTicker=FENR&MarketTicker=Industrials&TYP=S

FENNER FENR

Broker note out late yesterday......

03 Apr Fenner PLC FENR Citigroup Buy 0.00 551.00 551.00 Retains


SP target 551p.

Thanks GF

what's gone wrong here, going he opposite way, a tree shake but appers to be dropping at a quikcer rate than others !

Might be worth a buy when it hits the 200 DMA?

REDMAYNE-BENTLEY STOCKBROKERS

In their 2 weekly tip sheet.....
just Rec'd.

Buy Recommendation Update.

FENNER (FENR)

Has had an excelent first quarter, making strong gains on the back of stronger than anticipated trading in both the conveyor belting and advanced engineering product divisions. Adjusted net borrowings were in line with concensus and operating profit was higher than in same period last year. The provider of reinforced polymer technology increased capacity for medical textiles and oil and gas products, as a result of ongoing capital investments. The company added that it anticipates full year results to August 2012 will be ahead of market expectations. Analysts at Finncap have reiterated their 'strong buy' recommendation, alongside Credit Suise who have raised their target price to 500p.

Recommended a Buy by Craig Melling on 20th October 2011 at 330p.

FENR FENNER

Brokers lining up with Buys for Fenner.

Very cheap going forward on just over 11.5
P/E to 2013 derd cheap.

Fenner PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
12-04-12 BUY 99.70 34.30 9.44 115.00 39.80 11.30
Peel Hunt
11-04-12 HOLD 102.03 34.95 8.80 111.96 38.47 9.70
N+1 Brewin
10-04-12 BUY 97.80 34.10 9.50 105.80 36.80 10.50
Arden Partners
09-04-12 BUY 100.00 34.64 9.00 112.00 38.61 10.00
FinnCap
09-03-12 BUY 101.10 35.00 10.50 114.80 39.90 12.50
Westhouse Securities
09-03-12 BUY 104.50 36.00 8.80 119.50 39.90 9.50
Numis Securities Ltd
08-03-12 BUY 99.50 35.00 9.00 110.50 38.50 9.75
Broker Name Withheld 3
08-03-12 BUY 95.00 34.00 9.50 104.50 37.30 10.50
Fairfax IS
08-03-12 BUY 97.00 33.20 8.80 110.10 37.70 9.70
Investec Securities
07-12-11 HOLD 86.55 29.60 8.40 95.05 32.55 9.00
Fyshe Horton Finney Ltd
13-06-11 BUY

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 99.17 34.39 9.23 110.94 38.32 10.34

1 Month Change 1.34 0.43 0.02 1.40 0.47 0.04
3 Month Change 8.09 2.84 0.33 10.12 3.47 0.47


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 72.90% 37.18% 11.44%
DPS 9.09% 28.15% 12.01%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £108.90m £131.92m £143.47m
EBIT £81.60m £110.00m £118.75m
Dividend Yield 1.62% 2.08% 2.33%
Dividend Cover 3.48x 3.73x 3.71x
PER 17.71x 12.91x 11.58x
PEG 0.24f 0.35f 1.01f
Net Asset Value PS 37.48p p p

FENR Fenner.

All these brokers cant be wrong..

from IG Index foresight page......

the last months broker upgrades.

BRIEF RESEARCH ALERT – Westhouse raises Fenner price target to 550PFenner PLC FENR.L : Westhouse raises Fenner FENR.L price target to 550P from 500P; rating buy For a summary of rating and price target changes on U.S....last month

BRIEFRESEARCH ALERT – Citigroup raises Fenner price targetFenner PLC FENR.L : Citigroup raises Fenner Plc FENR.L price target to 551P from 517P; rating buy For a summary of rating actions and price target cha...last month

BRIEF RESEARCH ALERT – Finncap raises Fenner price targetFenner PLC FENR.L : Finncap raises Fenner Plc FENR.L price target to 585P; rating buy For a summary of rating actions and price target changes on Euro...last month

BRIEF RESEARCH ALERT – Collins Stewart raises Fenner target priceFenner PLC FENR.L : Collins Stewart raises Fenner FENR.L target price by 15 percent to 542P For a summary of rating actions and price target changes o...last month

FENR FENNER

Lovely flag pattern formed on the chart.

Have everything crossed you're right!

Well its going well so far Maggie.

2 new broker notes out late yesterday.

Wonder if thats what jawa was refering to.....

Fenner PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
18-04-12 BUY 99.70 34.30 9.44 115.00 39.80 11.30
Arden Partners
18-04-12 BUY 100.00 34.64 9.00 112.00 38.61 10.00

Bit of a gap at opening. Hope we don't have to fill it till after I get out.