This is an interesting bolt on acquisition in a new area for the Group but adjacent to other services and servicing similar customers with cross selling opportunities. This is another example of a distressed situation (SeaEnergy plc administration) throwing up opportunities for James Fisher. We make no change to numbers at this stage. We also note the c.10% share price fall in recent weeks; given the strength of contract momentum and solidity in core operations, we feel that there are strong inv ....
03 Jun 2016
Bolt-on acquisition
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Bolt-on acquisition
James Fisher and Sons plc (FSJ:LON) | 280 2.8 0.4% | Mkt Cap: 141.1m
- Published:
03 Jun 2016 -
Author:
Jon Lienard -
Pages:
3
This is an interesting bolt on acquisition in a new area for the Group but adjacent to other services and servicing similar customers with cross selling opportunities. This is another example of a distressed situation (SeaEnergy plc administration) throwing up opportunities for James Fisher. We make no change to numbers at this stage. We also note the c.10% share price fall in recent weeks; given the strength of contract momentum and solidity in core operations, we feel that there are strong inv ....