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

AGM & Interim Management Statement

During our first quarter, the Engineered Conveying Solutions (ECS) division experienced demand levels from the North American coal industry as expected and above the lows of 2012. Following strong Q1 operating results in Australia, mining industry sentiment in that market has declined, primarily as a result of lower iron ore and coal prices. Other regions of the world showed steady demand patterns.

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Now The divis out the way wee punt long @ 391.1

But why the fall, surely the ex div date was ages ago? Unfortunately I'm already long and have just watched my profit disappear overnight!

Yep thinking the same Chris as our discussion on chart attack thread.400p round number may be a difficulty but sp has been through it once so resistance shouldnt be as difficult.

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.