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Fisher (James) - Ahead of expectations

March 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FSJ
  • Price:
  • 528p
To use the British idiom, Frenchman Jean Vernet really does know his onions. Vernet’s background in offshore energy and his no-nonsense approach have clearly suited this old Barrow-in-Furness name and since joining as CEO in Sept’ 22 - when the marine services group was saddled with heavy debt and a tangled structure -  he has methodically simplified operations and cut borrowings through a string of disposals. The benefits are now coming through, with profits ahead of expectations and margins improving. The shares have been hitting new highs. Excluding FY24 disposals and the staged closures of the IRM Middle East and Africa businesses, sales were  up 4% to c.£395m on a like-for-like basis. Operating profit increased to c£28 ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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