Our Haven
23 Jul 2015
Re: IMS I think most of this was in the price but note the early falls and activity this morning.
Hardboy
22 Jul 2015
IMS On a day when markets are plummeting & Fenner reports that "full year Group earnings being slightly below previous management expectations." I expected the shares to fall significantly, but they held up very well. Could it be that markets think this is as low as Fenner should get?
idontwanttolose
22 Apr 2015
a half year loss Oh dear!!LONDON--Fenner PLC (FENR.LN), a polymer technology company, has swung to a half year loss and said its Engineered Conveyor Solutions, or ECS, division faced challenging market conditions.Pretax loss for the half year ended Feb. 28 was 5.1 million pounds ($7.6 million) compared with a profit of GBP17.6 million in the same period last year. Revenue fell to GBP347.6 million from GBP359.8 million and the company declared an unchanged interim dividend of 4.0 pence."ECS expects to see a continuation of the difficult trading conditions across all of its regions," said Chief Executive Nicholas Hobson. "In response to the trading conditions being faced, cash overheads across the group have been reduced."Shares closed Tuesday at 202.25 pence.
Hardboy
21 Apr 2015
Re: Not looking good Yes a 10% drop in price over the week preceding results indicates the markets are expecting poor results tomorrow. as for the mining industry - one of the reasons mineral prices are low is that miners are over producing - that's good for Fenner.
idontwanttolose
21 Apr 2015
To buy or not to BUY? 185.75 was the lowest FENR dropped to... I thought them cheap, but did not buy until just before they went EX D on the 29th January and sold them on 6th Feb for a profit!I did not keep hold of the shares as a fair amount of Fenr business is mining related which concerned me for their immediate future.,and could affect the next dividend.I too will be looking hard at the interim figures in the morning and will make my mind up then whether or not repurchase the shares.as always DYOR
Our Haven
21 Apr 2015
Not looking good High volume and price fall.
LoadsaDosh2
21 Apr 2015
Re: Buy? May as well see what results are like tomorrow before deciding.
Rhigos
14 Apr 2015
Buy? FENR from chart looks like a buy, short term EMA moving up through rising 60 day SMA.Yield attractive at 5.64% and low PE of 7.8. SP has fallen nearly 50% from 12 month high. Looks cheap to me. Seriously considering buying some. I suppose their future profits depend on competition as there must be lots of companies that make conveyor belts etc. Brokers fairly neutral. Comments welcome.
Hardboy
04 Feb 2015
Re: Why the 8% plus rise today Not necessarily. They were at these levels only a week ago, having stuck around that level fir a couple of weeks after the IMS. It dipped last week (partly due to going ex div) and has just recovered.I think the question more is why did it did last week. Maybe the broker's comment which was posted recently had something to do with the drop; but it seems to me that the markets value Fenner around 210 & have done since the IMS
idontwanttolose
04 Feb 2015
Why the 8% plus rise today There must be something happening that is not yet been made public??
Hardboy
02 Feb 2015
Acquisition Interesting purchase for Fenner. Moving deeper into specialist medical markets (& away from reliance on mining) has got to be a good move. Earning enhancing from day one, and it looks like a good price (<PE10) with a good return on turnover.
Hardboy
29 Jan 2015
Re: FinnCap It's also a bit strangely timed, as it is some time since the update, and markets seemed to receive the update positively. So saying share price is likely to drift lower in light of the update when the market had already responded to the update in the other direction seems a bit of a weird thing to do.
nk1999
28 Jan 2015
FinnCap From Citywire:"Two years of profit pain expected at FennerShares in industrial belting manufacturer Fenner (FENR) are expected to drift as profits decline over the next two years.FinnCap analyst David Buxton retained his ‘hold’ recommendation and target price of 193p following a recent annual general meeting (AGM) statement. The shares dipped 2.8% to 202.3p yesterday.‘The group’s recent AGM statement highlighted continued poor trading in engineered conveyor solutions, but also flagged the anticipated impact of low oil prices on its advanced engineered products division,’ he said.‘Additional cost action has been taken; despite this, profits are still expected to decline over the next two years. We downgrade our forecasts by 16% for 2015 and 25% for 2016. We believe that negative sentiment will continue for some while, which means the shares are likely to drift and we therefore have a “hold” rating.’ "I think this is short termist view and continue to remain more positive than their target price of 193p.nk
nk1999
23 Jan 2015
Re: III - Annoying absence of RNS Thanks HB. I logged a complaint as well before I posted here.Luckily things seem to be improving with most of the RNS visible here now.Cheers,nk
city watcher
23 Jan 2015
Re: NEW ARTICLE: Stockwatch: Lock in high yi... This is indeed a positive pitch by Edmond Jackson and with their final dividend of 8p having been approved and going ex dividend on 30th Jan., what could be a better time to pick up these shares a lot cheaper than those previous director buys. It's bound to recover in price as the pitch suggests; shows confidence in their outcome by honouring the generous dividend.
