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James Fisher and Sons PLC (FSJ)

London
Currency in GBP
Disclaimer
261.0
-0.8(-0.29%)
Closed

FSJ Price Commentary

strong recovery starting, a good entry point as it slowly returns to its strong position you agree?
Can't see why shares have declined this much
James Fisher and Sons (LON:FSJ) - Improvement in the Fendercare ship-to-ship transfer business remains below the rate previously expected. A recent deterioration in the condition of a financially distressed customer has increased bad debt risk by circa £2 million. Now anticipates Underlying Operating Profit for the full year, before separately disclosed items, to be in the range of £27-£32 million. Management is performing a detailed review of the Group's cost base and balance sheet, continuing to advance at pace the divestment of non-core businesses and assets aimed at generating significant proceeds over the next year.
Huge market over reaction Peter Wood. if you don't already own, would mark a good entry point.
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