(FENR) Fenner
Summary
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| 01-02-12 | RNS |
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RNS Number : 6278W Fenner PLC 01 February 2012
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 19-01-12 | RNS |
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RNS Number : 8685V Fenner PLC 19 January 2012 Fenner PLC (the "Company")
Result of AGM
The Company announces that it has submitted copies of the resolutions duly passed as at its Annual General Meeting held on 11 January 2012 to the National Storage Mechanism and these will shortly be available for inspection at www.hemscott.com/nsm.do
All of the resolutions put to shareholders at the Annual General Meeting were passed on a show of hands. The results of proxy votes received are available on the Company's website at www.fenner.com and have also been submitted to the National Storage Mechanism.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 16-01-12 | RNS |
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RNS Number : 6403V Fenner PLC 16 January 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 11-01-12 | RNS |
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RNS Number : 3370V Fenner PLC 11 January 2012 11 January 2012
Fenner PLC ("Fenner")
AGM Statement 2012 and Interim Management Statement
Fenner is issuing the following Interim Management Statement for the period from 1 September 2011 to 11 January 2012, ahead of its Annual General Meeting to be held at 10.30am today.
Current Trading
Fenner has continued to experience the strong levels of demand seen at the end of the last financial year. First quarter profitability is significantly above the comparable period and order rates are in line with expectations.
Most of the growth in the first quarter has been generated organically. The effect of businesses acquired has complemented our growth profile and is helping to establish a broader, more resilient group.
At the beginning of the second quarter, Fenner acquired Allison Custom Fabrication Inc, based in Allison, Pennsylvania, USA, which specialises in the design, engineering, machining and metal fabrication of customised material handling equipment. This acquisition strengthens the Fenner Dunlop strategy of being the supplier of choice for Engineered Conveyor Solutions in the Americas, enabling mining customers to enjoy integrated solutions for improving the safety and total cost of ownership of materials handling, in both underground and above ground applications.
Revenues in the Engineered Conveyor Solutions Division have been bolstered by strong demand from the mineral extractive industries. Profits have benefitted from the continuing higher factory utilisation and efficiency seen in the second half of last year.
Advanced Engineered Products divisional revenues and profits have grown compared to last year, due to high demand and market share gains in oil and gas, medical and industrial OEM markets. However, the growth rate was slowed by moderate distributor de-stocking.
Net borrowings, after acquisitions payments, seasonal outflows and investments to support growth, are in line with our expectations.
Outlook
While we note the uncertainty over the global economic outlook, we enter the seasonally quieter second quarter with the expected levels of order visibility and our businesses performing strongly. Revenue growth rates will slow as we enter a period of tougher comparatives, but we expect to make continued good progress.
Certain statements contained in this document constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Fenner, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements.
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For further information please contact:
This information is provided by RNS The company news service from the London Stock Exchange More |
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Searching for Momentum - six stocks that are riding a wave
Wednesday, Jan 18 2012 by Ben Hobson http://bit.ly/yOWvjO |
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Indeed - a ten-bagger:
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AFENR.L&it=le&action=detail&id=4589057 How FENR ever fell so low still amazes me. Cheers, RAC |
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Less than 20% exposure to Europe.
Good demand for its quality world class belts from the miners. Much better forward visibility than the old Fenner. Good demand for its niche AEP products that are adding real value in a variety of applications. Strong recovery in oil and gas, and strong demand from hydraulic seals from mining. More bolt-on acquisitions to come. Falling net debt (that is negligible) and a progressive dividend. All Brokers give positive buy rating and with Goldman Sachs rumoured to cover, upgrades are coming. The comment on growth rate being slowed by moderate distributor de-stocking is a seasonal comment and a positive example of managements cautious and conservative outlook. PI are really missing out while institutions build large stakes for the long term. Despite H2 being seasonally stronger, this is a very solid update. Being a holder since the reshape and having topped up at the start of the year, BtoB1 must logically give FENR a Buy recommendation. GL and WD all holders, BtoB1 |
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They have not been approved or issued by Interactive Investor Trading Limited.
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