This significant contract win is further confirmation of James Fisher’s global leadership in submarine rescue as well as in integrated marine services generally. It drives significant upgrades of 9.2% in FY17 (first full year) and 8.2% in FY18 and again emphasises the value of the breadth of the Group’s portfolio. We expect this to further drive the re-rating of the shares towards a P/E of 20x.
23 Mar 2016
25 year Submarine Rescue contract win worth £193m
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25 year Submarine Rescue contract win worth £193m
James Fisher and Sons plc (FSJ:LON) | 261 0 0.0% | Mkt Cap: 131.5m
- Published:
23 Mar 2016 -
Author:
Jo Reedman -
Pages:
3
This significant contract win is further confirmation of James Fisher’s global leadership in submarine rescue as well as in integrated marine services generally. It drives significant upgrades of 9.2% in FY17 (first full year) and 8.2% in FY18 and again emphasises the value of the breadth of the Group’s portfolio. We expect this to further drive the re-rating of the shares towards a P/E of 20x.