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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Finsbury Food Group Plc | FIF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 110.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 110.00 | 110.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Top Posts |
|---|
Posted at 05/10/2023 08:31 by jpjp100 Samson Rock Capital's holding in FIF is up to 4.11% now (and then 6.11% as reported 6 Oct)Berry Street Capital Management and Cigogne Management are two that have increased their holding (directly / indirectly) too It is still going dbay's way, but not wholly smooth sailing yet |
Posted at 24/9/2023 19:16 by jpjp100 I expect this bid could flush out other interested parties.110p is too cheap. 134.50 - the current all time high from Sep 2016 - could be in play again. I am not saying that dbay won't end up taking control of FIF, but the share option (that the CEO seems to like the sound of for a wodge of his own holding) is a basic way of trying to stop the current big holders from saying no and just pushing for more cash. The next move by Ruffer and Fidelity will be key to how this plays out. |
Posted at 19/7/2023 13:34 by km18 Finsbury Food plc issued a pre-close Trading Update for the FY ended 1 July 2023 this morning. Total Group sales were up 16% to £413.7m, 12.6% higher excluding the acquisition of Lees Foods Limited. The Group delivered a strong H2 performance with revenues up 17.1% versus the corresponding period in the prior year. Since the acquisition, the performance of the Lees business has been in line with management's expectations. The company has successfully focused on managing cost inflation and macroeconomic uncertainty through commercial terms, operational improvements and other supply chain and overhead initiatives. Valuation is attractive with forward PE ratio at 9.0x and PS ratio at 0.33x both in the top third for the Food & Tobacco sector. The balance sheet is strong with modest net debt around £29.6m at end FY22. Share price also has decent positive momentum. Not a bad small cap defensive name to hold as the UK economy continues to flounder. BUY......from WealthOracle |
Posted at 01/2/2023 16:03 by jpjp100 Lees is a nice little acquisition that, as others have pointed to already, is something that seems to have been a possibility for quite some years nowThe 2012 MBO was £5.5m I think e.g. as reported here I expect the deal stands on its own two feet anyway, but it comes with the added benefit (imo) of sending a signal that FIF is still looking to acquire |
Posted at 24/1/2023 16:11 by jpjp100 upbeat pre close, sales up 14.7% and cautious optimism underlyingnot an easy market just now, but FIF seem to be managing a way through it pretty well |
Posted at 07/12/2022 15:56 by rimau1 Ruffer selling down, presumably to LDG/Dbay. FIF should do well out of the consumer downturn as consumers shift towards own label foods. I agree that Dbay with likely launch an offer at these levels. Lets see. |
Posted at 18/11/2022 08:25 by jpjp100 upbeat agm statementin any consolidation of the industry, I still see FIF as a bidder, not a target but let's see |
Posted at 17/11/2022 12:40 by kalai1 Finsbury Food Group Plc issued a positive AGM trading statement this morning. FY22’s record revenue is being followed with more robust performance in FY23, sales for the first four months of FY23 grew by 15.7% to £122.8m, driven by a mix of volume growth of 1.1% and price recovery of 14.6%. Management believe they are seeing a shift in consumer behaviour which should accelerate food retailers' Own Label sales to the benefit of FIF. They also sound confident that the “Group will continue to make progress and deliver profitable growth." Valuation looks reasonably attractive with forward PE ratio in the top quartile for the Food & Tobacco sector. The balance sheet is solid and the share price has positive momentum and is trending higher through 2022. BUY...from WealthOracle |
Posted at 17/10/2022 15:34 by sphere25 *Hang on, need to edit this. It looks like I have under counted the volume*So we have: 2.5m delayed print today @ 85p from the 14/10 @16:45 2m print @ 85p on the 13/10 @ 17:15 Today we have 2m bought at 86p @ 15:19 Ok that's now up to date. Clearly someone still in the market for big chunks of the company - still LDG?. I sold these too early haven't I (it was a habit back in the boom days ha) but watching to see if this can break out on these big buys. You can still form tops on big buys like this so still have to be careful but interesting buying here of late. It is another 5% (previous had this as 3.5% on missing one - be nice to have a more accurate volume read on advfn, tricky delayed trades!) of the company picked up so if this demand were to continue, it could head up toward the 100p mark too. Anomalous and large demand, particularly for something as often stale as is FIF. All imo DYOR EDIT: 16:07 In for a few. Market makers jumped ship off 86p on my small buy and now they have closed off the offer there with just Berenberg sat there with nothing to offer so they might be shifting higher. There still appears to be decent demand in the market here so it might be breaking higher. If the market buys through 87p, it should be on its way to at least that 90p-100p range. Stop at under 84p. EDIT: 18:13 Another late print. Another 1.25m bought today at 85.88p. Yep, I watch stuff at this time too! Now it's time to watch the US. This doesn't stop. EDIT: 18/10/2022 08:08 "LDG is pleased to announce that, further to its announcement on 26 August 2022, it has acquired a further 5,132,000 ordinary shares in Finsbury Food Group plc ("Finsbury") (LON:FIF) at an average price of GBP0.81 per ordinary share, for a total cash consideration of GBP4,165,820. Following these purchases, LDG is interested in 8,832,000 ordinary shares in Finsbury, representing approximately 6.77% of Finsbury's issued share capital." Recent volume is bigger than that so there is still large demand for FIF shares. No shares on offer at 87p now so this might be breaking out. |
Posted at 06/9/2022 15:31 by sphere25 Sounds like Thursday. Some hope:"Energy bills will be frozen at around £2,500 for households by Liz Truss in a huge intervention to protect Britons from soaring prices. The rough figure was reached because households will still get the planned £400 a year off bills, taking the total to be paid to around £2,100 a year - just above the current price cap. Ms Truss’s team has decided the package will be funded by borrowing, rejecting the proposal from energy companies for customers to pay the money back in higher bills over the next decade. Businesses will also get support, possibly in the form of frozen energy prices, but the mechanisms and delivery for such a move are much more complicated than protecting consumers and are still being debated. Figures close to Ms Truss stressed that the package remained a work in progress and a final, complete sign-off has yet to be taken." We don't know the exact detail yet but it's something isn't it. As for FIF and other risers today, they're clearly some tentative buying and moves on the back of this. Yes, some might just be oversold bounces that eventually get sold into but we're all clearly looking for some positives and the eventual bottoms. As for FIF, it looks close to a breakout so I'm hanging on. Most of the input costs have fallen away - call that relief. Energy the big one, will this package be enough to get some shares holding the bounces? Interested to see how FIF and others move. Clearly I want to lob into a spike but the news is fluid and we will take all the positives we can. All imo DYOR EDIT: It looks like some of the answers to the post above are being revealed. Big buying continuing with delayed large prints: 475k@74.75p 2 x 200k@75p 500k@75.25p UPDATE 07/09/2022 13:58 Look at the auction two 500k bids at 75p and a 500k bid at 76p - some serious demand for shares here. That's after the delayed prints yesterday and further delayed big buy prints today of 250k @ 75.5p from yesterday |
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