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

I agree with you Jules and Maggot. Low p/e and a fantastic management team.
Way undervalued.G

Just come back to this thread. I thought I'd point out that the dividend is good - ovr 4%. Not sure when it's next due, but if I find out I will post here.

The intermin dividend in 2002 was 2.2p per share, ex-div on Oct 2nd. Final dividend this year was 3.74p per share, ex-div on April 20. On the current price, say 170p, that's actually a little less than 3.5%.

More news today - two aquisitions. The price has risen by 1p so far. Still looks a very solid company.

Looks to be back in the Zone.

cheers GF.

Yes rather stong of recent times.

cheers Gf.

I've long been a holder of FSJ and in my opinion we're in for a lot more upside. The company is very well run, good bolt-on acquisitions, recent sale of one of loss making cable laying ships (but maintaining the charter income for another year), higher margins in the marine division, which is expanding and well positioned for the massive 2bn Government spend per annum nuclear decommissioning support services.

Coming up nicely again. The possibility of new nuclear build in Britain can't do it any harm...

Cheers, Madison

Any current information on FSJ would be appreciated.

john@aravon.com

John McEvoy

Hi John. Share Watch are following this one so I think we will get an update on the 8th of December when Ive been told Xmas issue is out. If you do a reminder on here I will contact you.

cheers GF.

PS, nice to see it doing well today and still rather cheap.

I have held for a long time and am not selling out. I think this still has a long way to run. Trying to keep this as brief as possible, about 2/3rd of revenue is now coming from the higher margin marine services division. The recent acquisition of Monyana, which specialises in winches, increases the operations in this arena.

The recent sale of one of the cable laying ships (there are 2) is excellent news. This has been the bug bearer for me as this side of the business has not been doing well since the the dotcom crash. However, not only have they sold one of the vessels but maintain the charter income into next year.

The great "extra", which I feel has yet to take effect is the nuclear decommissioning sector. The nuclear decommissioning Authority set up by the Government is confirmed to spend 2billion per annum. JFisher are set to gain from this - as recent confirmation that the submarines are able to play a significant part in speeding up the decommissioning processes. This services sector is wide wide open. 4.50/5.50 in next 12-18 months?

I am a recent holder and am confident thatFisher will do well in the long term so hopefully 550p is a conservative target.. cheers.

Many thanks to Goldfinger and Greyhound. I will follow up on fsj. The information from Share Watch will be of great interest.

John McEvoy
john@aravon.com

Moving ahead slightly today..

Nice to see these moving ahead strongly and still rather cheap. Once through 4 who knows where we might end. Remember its new business area is very much more profitable than the cable laying business.

cheers GF.

I like the chart GF and thats good enough for me for 400p in a month or so.

Hi Mitzy,

havent seen you for a while. Hope your still making the mega bucks.

FSJ spot on. Nothing flashy here but nice growth.

cheers GF.

Still around gf and doing just great.. yes Im in from 350p and like what I see.. cheers.

Good on yer Mitzy.

cheers GF.

This ones going well at the moment, up over 4 quid and we are away.

cheers GF.