Fisher (James) & Sons (FSJ)

Sector:

Commercial Transport

Index:

FTSE Small Cap

 340.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 371.00p
  • 52 Week Low: 245.50p
  • Currency: UK Pounds
  • Shares Issued: 50.50m
  • Volume: 7,293
  • Market Cap: £171.69m
  • RiskGrade: 237

James Fisher swings to loss, lowers FY dividends

By Iain Gilbert

Date: Thursday 11 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Marine engineer James Fisher swung to a full-year loss in 2020, leading the group to slash its annual dividend.
James Fisher said on Thursday that a sharp drop in energy prices amid the Covid-19 pandemic had pushed full-year revenues down 16% to £518.2m in 2020 and dragged the group to a pre-tax loss of £52.5m - a marked turnaround when compared to the prior year's £47.8m profit.

Underlying operating profits were £40.5m, slightly ahead of November's guidance of £35.0m-£40.0m, while Fisher also highlighted that its "strong cash performance" had reduced net borrowings by £32.3m.

The London-listed firm said three of its divisions and its ship-to-ship transfer business had put on a "relatively resilient performance" in the year, but stated that its project-related businesses, particularly subsea activities, had been significantly impacted by deferrals or cancellations stemming from the pandemic.

As a result, James Fisher slashed its full-year dividend to 8.0p per share from the 11.3p paid a year earlier.

Chief executive Eoghan O'Lionaird said: "Although early in 2021, the group is trading in line with our expectations, however, caution remains due to the ongoing effects of the pandemic. The group has a resilient business model with a broad spread of end markets, customers and geographies, supported by a strong track record of converting its operating profit into cash."

As of 1345 GMT, James Fisher shares were up 0.25% at 1,178.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FSJ Market Data

Currency UK Pounds
Share Price 340.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 371.00p
52 Week Low 245.50p
Volume 7,293
Shares Issued 50.50m
Market Cap £171.69m
RiskGrade 237

FSJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
71.24% above the market average71.24% above the market average71.24% above the market average71.24% above the market average71.24% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
76.1% below the market average76.1% below the market average76.1% below the market average76.1% below the market average76.1% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FSJ Dividends

  Latest Previous
  Interim Interim
Ex-Div 01-Oct-20 03-Oct-19
Paid 06-Nov-20 01-Nov-19
Amount 8.00p 11.30p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 3,456 @ 340.00p
16:35 1,524 @ 340.00p
16:35 1,067 @ 340.00p
16:35 9 @ 340.00p
16:35 15 @ 340.00p

FSJ Key Personnel

CFO Karen Hayzen-Smith

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