Screaming BUY>>>>

And a great New Year to you lafiamma. FSJ only number 16?!!

Thanks for the heads up on the December tip from Growth Company Investor - I was unaware of this. Hope you don't mind if I paste it here as it makes good reading, although I think their figures are understated. They say a forward rating of 13.2 looks good value, but that's actually the current year rating. A forward rating, based on EVG's forecast of 28.7p EPS, gives a P/E of just over 9, so even better value than GCI say:

"Revered marine services provider James Fisher sailed higher on more exciting news. It has bought two new building contracts for US$32m, or £18.5m. Both contracts are for double-hull 12,800 clean petroleum product tankers, set for building in Korea, and scheduled for delivery in September next year and in January 2005. Once the ships are built, James Fisher hopes to sell them on and is in negotiations to 'bareboat' charter them back for up to 10 years. The delivery of these ships speeds up the group's fleet development plans and enables it to maintain the youngest fleet on the UK coast. The vessels will be operated by James Fisher Tankships, which will then have a 20 strong fleet. This looks like another piece of savvy business by Fisher, which recently added to its growing marine support services business with the cash acquisitions of Air Supply (£4.83m), a provider of engineering support to the offshore oil and gas industry, and WM Defence (£3.1m), a supplier of maintenance and asset management services to the Royal Navy. Last March, the firm reported a record calendar 2002, with pre-tax profits boosted 20.3% to £9.7m, on sales 5.2% higher at £71.1m. For 2003, analysts suggest profits of £10.5m on sales of £78.5m, for earnings of 20.6p a share. A forward rating of 13.2 looks good value."