FENNER...grat fundamentals and genuine bid prospects

The last 4 years the company been going through millions and gone through 100 million if you take into account when next results are out...

Intangibles £m 0.02 0.02 18.18 17.80 20.68
Tangible Fixed Assets £m 44.94 42.49 61.88 59.59 57.51
Fixed Investments £m 6.23 6.43 6.92 4.32 0.61
Total Net Fixed Assets £m 51.19 48.94 86.98 81.71 78.80
Stocks £m 22.48 25.83 39.42 46.50 43.39
Debtors £m 36.39 34.56 54.26 54.96 55.46
Cash and Securities £m 106.20 105.81 43.80 30.74 32.23
Total Current Assets £m 165.07 166.19 137.48 132.20 131.08
Total Assets £m 216.27 215.13 224.46 213.91 209.88
Creditors Short £m 50.20 52.92 71.97 73.99 82.72
Creditors Long £m 97.87 89.22 82.67 78.04 62.71
Total Liabilities £m 148.07 142.14 154.64 152.02 145.42
Total Net Assets £m 68.20 72.99 69.82 61.89 64.45

Share Capital £m 26.02 26.04 26.19 26.57 31.39
Reserves £m 38.92 44.18 41.58 31.98 29.35
Shareholders Funds £m 64.94 70.22 67.78 58.55 60.74
Minorities £m 3.26 2.78 2.04 3.34 3.71
Total £m 68.20 72.99 69.82 61.89 64.45

Investment Ratios 2000 2001 2002 2003 2004
Net Tangible Asset Value Per Share p 63.30 68.42 48.12 39.36 36.88
ROCE % 11.07 11.61 13.33 10.65 13.82
ROE % 11.81 12.39 11.77 8.16 11.11