Fisher (James) & Sons (FSJ)

Sector:

Commercial Transport

Index:

FTSE Small Cap

319.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 412.00
  • 52 Week Low: 245.50
  • Currency: UK Pounds
  • Shares Issued: 50.50m
  • Volume: 44,196
  • Market Cap: £161.09m
  • RiskGrade: 237

James Fisher shares jump on RMS disposal

By Benjamin Chiou

Date: Friday 22 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Shares in James Fisher and Sons surged on Friday after the marine, oil and gas services group announced the sale of its RMSpumptools division to US oilfield tech firm ChampionX for £90m.
The company said the disposal is in line with its strategy to simplify and focus its portfolio through the sale of non-core assets.

The deal price values RMS at 7.4 times estimated EBITDA, and proceeds - which fall to £83m when accounting for cash-like and debt-like items and estimated transaction costs - will be used to reduce leverage and beef up the balance sheet.

RMS specialises in electric submersible pump or ESP artificial lift, subsea connector and renewable energy technology.

"While RMS is a leader in its markets, it is a product business operating in the oil and gas industry that has minimal synergies with the rest of the group and does not strongly align with James Fisher's strategy of focusing on maritime services to its core Energy, Defence and Marine Transport markets," James Fisher said in a statement.

Chief executive Jean Vernet said the transaction, which is unanimously agreed by the board to be in the best interest of shareholders, "represents good value [...] reflecting RMS's strong performance in recent years".

James Fisher's share price was up 9% at 269.18p by 0851 GMT.

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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 319.00p
Change Today 4.00p
% Change 1.27 %
52 Week High 412.00
52 Week Low 245.50
Volume 44,196
Shares Issued 50.50m
Market Cap £161.09m
RiskGrade 237

FSJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.47% above the market average62.47% above the market average62.47% above the market average62.47% above the market average62.47% above the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
19.91% below the market average19.91% below the market average19.91% below the market average19.91% below the market average19.91% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income
12.83% below the market average12.83% below the market average12.83% below the market average12.83% below the market average12.83% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
78.44% below the market average78.44% below the market average78.44% below the market average78.44% below the market average78.44% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% 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 12-Jul-2024

Time Volume / Share Price
16:35 1 @ 319.00p
16:35 1 @ 319.00p
16:08 3,050 @ 319.66p
15:56 1,556 @ 319.36p
15:49 400 @ 318.97p

FSJ Key Personnel

CFO Karen Hayzen-Smith

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