Thought I'd start a new thread for this one. This month British Nuclear Fuels (BNFL)has come under the authority of the Nuclear Decommissioning Authority (NDA)which has a 48 billion budget from the government to decommission former BNFL sites, estimated at around 2 Billion per year initially. Fisher is set to benefit tremendously from this decision and this has not yet been appreciated by the market (P/E ratio for 2005 12.7).

Given what's happening in the oil market and the unlikelihood that wind farms and tidal turbines, or even bio-fuels, will ever make up more than a minority of requirements, I cannot believe UK is seriously decommissioning nuclear power plants - they should be building more, but better, safer and more environmentally friendly. We will run out of oil in the next 50 years at anything like cheap enough prices to run half the electric power we need. Time to take steps now.

Meanwhile, the theory of paradoxical intent probably supports Fisher making a mint.

SD

SD. I agree with you on principle, but the nuclear plants to be decommissioned are 'aged' reactors, and presumably will be replaced by the govt.

Im in this morning anyway with a modest investment.

Joined you guys on this one. This could lead to Fisher winning a bag full of contracts. Ive spent a lot of this morning reading about this new BFNL organisation, theres money big money up for grabs and Fisher should make a mint out of it. The company is derd cheap going forward. One for the portfolio, Ive bought a lot of these today.

cheers GF.

Ps chad thanks for putting me onto this.

No probs GF. Great to have you on board. Makes a change to be tipping you rather than the other way round, hope it does well for us all. LOL. Good luck everyone.

Time we got some TA up chad.

Strong looking chart and note the RSI.




cheers GF.

All buys so far.

cheers GF.

Nice one GF.

Nearly all buys and just notched up a little.

Been waiting for a new idea for a long term stock to add to SEO. This seems a good idea. Have sold most other stocks and I don't like having cash in ISA's or PEP.

Any other new ideas greatfully received

2 huge buys just gone through close to 1million. Nice.

Going great guns again today. Should be re-rated by the city in the near future.

cheers Gf.

Been an excelent last two days for this one. Somone on another site says it was tipped by Small Company Share Watch. Main tip for the month.

cheers GF.

Yes it was GF,,tipped at 315p..JB..

Evolutions last note on Fisher makes for interesting reading, especially the short term price target.

18 March 2005


James Fisher has announced the acquisition of Fendercare for 12.0m cash
(11.3m payable now, 0.7m payable in September). The company supplies a
range of quayside and mooring products for both military and civil clients. The
company also is the worlds leading ship-to-ship transfer operator, with 19
regional operating bases throughout Europe, Asia and West Africa. As such, the
deal strengthens Fishers services side of the business, which now will represent
over 80% of group revenues in FY05.
Change to forecasts
Revenues 81.6 92.9 84.6 101.6
Operating profit 18.9 19.9 19.5 21.3
Pre tax profit 14.4 14.7 15.0 16.2
EPS 24.37 24.85 25.08 27.09

Source: Evolution
We anticipate the deal will increase operating profits by 1.0m during FY05 and
1.9m in FY06. This assumes a small degree of integration costs in the first year
and no revenue synergies in the second. In terms of EPS, the acquisition is only
likely to have a marginal effect in FY05, but adds 8% in FY06.
With services now clearly the vast majority of Fishers revenues, the quality of
earnings have been transformed. In addition, post the transaction we are
revising our sum-of-the-parts price target from 390p to 410p to reflect the
earnings enhancement from the deal.
Continued over
Acquisition of Fendercare builds the
services revenues
Earnings enhancing
Raising our SOTP based price target
from 390p to 410p

Acquisition
The acquisition of Fendercare for 12m further adds to the growth of the
services side of the business, it increases overseas sources of revenues and
is earnings enhancing. Raising price target from 390p to 410p.
Mkt Cap 161m Net Cash -37m
Fisher (James) (FSJ.L)
Update Price/Target: 327p/410p
Source: JCF BUY.


cheers GF.

More of the same tomorrow please.

cheers GF.

A bit of profit taking this morning leaves the door open for new investors to jump aboard.


cheers GF.

Buyers comin back in now GF.

Yes in fact looks like we have more buys than sells. Strange day on the market if you look at buys V sells, looks like those Cos who have sold more than buys are doing well. Mind then again they arent always reported correctly

cheers GF.