Market's view on James Fisher and Sons
Published on April 2024
- A new general manager with a strong background, recently a Captain in the US Navy, has been recruited to lead JFD America.
- Positive feedback on Monsieur Vernet’s presentation skills and convincing abilities.
- Financial disclosures mention a significant charge related to parent company guarantees for JFN, reflecting potential liabilities.
- Active business efforts in Washington by the top team of James Fisher Defence Division, focusing on tactical delivery vehicles and life support systems for global security needs.
- Upcoming participation at SOF Week 2024 in Florida to showcase tactical diving vehicles and life support systems.
- Discussion on trading volumes and stock price trends, noting an unusual increase.
- Uncertainty about the cost terms of a new debt facility.
- Comparison with Kinovo highlighted, discussing potential unfair contracts and the sharing of additional costs with Magnox.
- Concerns about the liabilities following the administration of the Nuclear division.
- Acquisition of RMSpumptools by ChampionX, aimed at enhancing technological offerings and expanding international market reach.
- Financial restructuring and strategy shifts through asset disposals, focusing on core maritime services.
- General optimism about the stock’s future, observing recent positive trends and potential for reinvestment of proceeds from asset sales.
- Continuing support from Odyssean Investment Trust, indicating confidence in FSJ’s recovery and turnaround potential.