Finsbury Food Share Discussion Threads

[jpjp100] 10/7/2014 11:36

new CEO?? please explain... I have seen no announcement anywhere

[el1te] 07/7/2014 22:31

Wheat and Sugar prices falling back although cocoa remains strong. No announcement about the new Chairman stepping in yet, which is perhaps a little surprising - could just be considered a formality of course

Ruffer (for its unnamed clients) now up to 16%, which is clearly a material stake. They have been accumulating for a while now

El1te

[smithie6] 02/7/2014 18:14

Mr Lightbody selling large amounts...and now leaving...

negative signs imo

noting that Lightbody has a successful entrepeneur background
and Lightbody business is a large part of FIF

imo it could be argued that he thinks that he is unable to help the co. grow
and that it is now perhaps slow wheel turning or ?...and that he is not enjoying it .....

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Mr Marshall leaving the brd.
Could he be cutting down his brd. positions now he is around 65 or so....and official resident in S. Africa....long flights to do frequently for a 65 year old perhaps.
Not long ago he moved a son on to the board of LFI....one assumes to prepare to take over from papa soonish.
----

Investors who coughed up many millions at 90p after Mr Marshall voted in favour of the deal....wont be too impressed....
that 90p is now....X years later worth only 55p ! they have lost millions !

[smithie6] 02/7/2014 17:57

"Chairman Martin Lightbody, who disposed of 6.5m last July at a price of 53p."

So...after more than doubling I think the turnover per share....since the Lightbody acquisition.....and getting rid of the debt mountain....

Mr Lightbody still rated the shares a big sell at 53p !!

So he must of rated them a super duper strong sell at 90p with half the turnover per share and a debt mountain X years earlier !!

imo ....t.were a very dubious deal...

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and anyone clever enough to notice at the time that it was way over priced deal.....sadly the co. with a mountain of debt and bad P/E ....would have made a packet shorting the shares....and if done via an offshore company.....no one would ever know who was doing it.

[jpjp100] 20/5/2014 10:26

I am curious if markt has any comments on the Board changes

Knowing that he has never been a member of the fan club of either of the Directors leaving, I thought these changes might have piqued his interest

[jpjp100] 19/5/2014 14:30

I think Ray Duignan and Peter Baker are brilliant additions to the Board really. (Come on, Peter even has the perfect name for it doesn't he?).

I am not sure about the action behind the scenes to make this happen, but I am glad it has. It does mark a new era for FIF.

Whatever happens next, I think a very clear message has been sent out by FIF - that it is (getting) ready to do something significant.

Given that the industry is ripe for some sort of consolidation, it is nice to see this imo.

Potentially exciting times on the horizon?

[topvest] 14/5/2014 20:28

Yes, quite unexpected I think. Lightbody was the major mover and Marshall must have been pushed as his policy is to try and be on the board at all strategic investments. Clearly, something is going on. Lightbody still has a very material stake, so why step down? I just don't get it.

LFI have 14% and Lightbody 11%...why step-down? Talks about a pivotal moment for FIF. Makes you wonder if something big is about to happen or the Board has just fallen out over the way forward. If you owned 11% of FIF and were the Chairman, would you step down?

[jpjp100] 14/5/2014 10:49

The new Chairman sounds like a very good addition to the Board.

Clearly Lightbody stepping down is a significant moment in the Group's history.

Not wishing to speak out of turn, but Marshall isn't without his critics and I, for one, am not too sorry to see him go at this point.

The message sent is surely that FIF wants to be a bigger player than it is just now.

I like it

[spaceparallax] 12/5/2014 10:55

Interesting appointment.

[bigfrocks] 25/4/2014 08:47

Seems to be quite alot of buying here recently!

[boffster] 02/4/2014 18:19

Good to see, not often you see a stock rally on ex-dividend day

[spaceparallax] 02/4/2014 13:07

The share price should certainly be a lot higher for a company in rude health.

[cheshire man] 02/4/2014 10:27

Some interest returning here pushing the share price up,,,,,,,,,,,,,nice looking chart if it closes above the 58p mark,,,,,,,, IMO

[battlebus2] 01/4/2014 18:33

Moving up atlast..

[spaceparallax] 01/4/2014 11:09

Phew, I'd much rather we stay independent - unless the offer is multi-bagging.

[boffster] 01/4/2014 10:28

Maybe Premier has rang up offering to buy us out. Don't get excited though, they'll call back this afternoon and say April Fools! :o)

[spaceparallax] 01/4/2014 08:47

The recent share price recovery continues steadily

[jpjp100] 26/3/2014 14:48

El1te

I read that same note and it is a fair point. Consolidation in the industry could happen any time. If FIF's Directors want to acquire, rather than be acquired, they have to convince the 'money' involved that they are the better management team and that FIF is the better horse to back...

They are doing the right sort of stuff to achieve that imo.

[spaceparallax] 26/3/2014 09:02

No callum, I'm serious - FIF's performance over recent years has been excellent. They've transformed their finances and continued to compete well despite tough market conditions; a continuation of what they've been consistently doing will yield growth in turnover and profitability together with even greater financial solidity.

[el1te] 25/3/2014 12:03

12-14 would be nearer the mark I reckon.

[callumross] 25/3/2014 11:59

"Crazy forward PER - should be nearer 20, given our financial solidity."

For a food business spaceparallax! - you're having a laugh.

[aleman] 25/3/2014 10:58

Looks like I'll have to retract my previous statement. They really are ramping up capex. £14m to be spent in two years. Why the hell couldn't they say that in the results? You can see capex is high for this half at £3.7m but the interims don't really tell you that is going to continue for another 3 half years. Still, I suppose the forecasted £2m annual addition in profit from the £3.9m fund raising always did seem a high rate of return. They could have made it clearer at the time how large the capex projects were.