James Fisher and Sons (FSJ) saw its shares spike following its February full-year results, rising 20 per cent in just under a month. The deep-sea diving and submarine specialist secured its first maintenance contract in the renewables space, while an unorthodox financing arrangement with the Indian government over two submarines had the effect of reducing its net debt to cash profits (Ebitda) to a multiple of 1.3 from 1.7.
IC TIP:
Hold
at
1,980p