The Food & Drink Group Share Discussion Threads

[pizza3] 29/1/2008 11:51

Food & Drink non-exec chairman Thomas buys 15,000 shares in co; holds 7.7 pct




LONDON (Thomson Financial) - Food & Drink Group PLC said non-executive
chairman Stephen Thomas has bought 15,000 shares in two tranches at 63-75 pence
each, raising his stake in the company to 438,401 shares, or 7.7 pct.

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[pizza3] 29/1/2008 06:35

Food & Drink seeks transaction
By Stanley Pignal

Published: January 29 2008 02:00 | Last updated: January 29 2008 02:00

Food & Drink, the company behind Henry J Bean's and Jamies bars, said it was looking for a "substantial corporate transaction" as it announced lower annual profits.

The London-focused operator of 33 bars saw pre-tax profits decrease to £561,000 (£928,000) in the year to September 29. Turnover rose 2.4 per cent to £20.8m (£20.3m).

The share price has lost nearly two-thirds of its value in the past fortnight after it announced profits would be reduced because of "adjustments" to accounts. The changes affected profits by £700,000 for the period, but would not impact future cash flow, according to the company.

James Kowzsun, chief executive, said Food & Drink was "subscale and its current capital structure inappropriate for a more uncertain economic climate".

Like-for-like sales were up 2.4 per cent in spite of the poor summer weather, boosted by a 5 per cent increase in food sales. By contrast, trading since September has been down about 1 per cent.

The shares closed up 8p at 80p. Stanley Pignal

[kristini2] 28/1/2008 09:01

ditto-looks far from terminal, in another market would have bounced strongly imo

[matt123d] 28/1/2008 08:40

Covered short +70%

[matt123d] 28/1/2008 07:45

Don't worry about the NMS today, if you're a buyer then you won't have a problem finding a very large seller!

[pizza3] 28/1/2008 07:38

i wonder how many i can buy at this level...what's the NMS on this?

[matt123d] 28/1/2008 07:32

And down we go again!

[pizza3] 28/1/2008 07:15

nice time to buy

[matt123d] 25/1/2008 16:54

Will certainly be interesting to see what is said on Monday.

[jeff h] 24/1/2008 18:55

santa - value will depend on the reasons/effect/nature of the 'adjustments'
made in the accounts.

Post year end trading will also be very infuential...only then can a judgement
be made to whether it's under or overvalued...I no longer hold at present.

[santangello] 24/1/2008 15:19

My thoughts too vf.........

This is no dog here, and there may be value to be had at these ridiculous levels.

[[e-mail]] 24/1/2008 12:07

glade i got out when i did, im not righting of completley letting it level out.

[matt123d] 24/1/2008 10:50

Not looking good, a couple of larger sellers really pushing the price down.

Still short.

[kristini2] 24/1/2008 10:22

going down, and i've increased the short sell. Monday will be interesting!

[m.t.glass] 16/1/2008 20:43

-- (sorry, wrong thread!)

[matt123d] 16/1/2008 16:39

Was just about to post LAND well and truly getting out of the way. Someone probably gave him a call as it will have been putting buyers off even further.
Saying that i'm not sure who'd be interested in this now! Atrocious public relations.

[m.t.glass] 16/1/2008 16:26

One MM (LAND) now quoting 84p on the bid side!
EDIT: Well, he was - briefly ;o)

[matt123d] 16/1/2008 16:18

Falling further now with one poor person having to sell 3p below the bid for a measly £7k.

[m.t.glass] 16/1/2008 16:01

If they require an additional 12 calendar days to finalise the figures, they must surely have known several days ago that they would not be ready for tomorrow - and should have notified the market sooner or even requested suspension (which may yet be forced upon them now if they say anything more to scare the horses).

Could perhaps find themselves in breach of stockmarket rules.

[[e-mail]] 16/1/2008 12:03

is this going the same way as surry free ins SFI.

[onasis] 16/1/2008 11:53

30% of the company shares have been bought @ around 230p. How come with hardly any sells today they lose half of the value?

[matt123d] 16/1/2008 11:15

Yes, I added to mine this morning, 60p really does look a possibility now, this has been falling consistently from August.

IG will accept new short positions.

[santangello] 16/1/2008 11:13

I'll wait for the results....

Savage markdown and tempting at these levels.

HJB rollout continues and let's not forget, they have said they will be in PROFIT!

[nicedude1976] 16/1/2008 11:04

Short from these levels? Don't make your life too difficult:)

[kristini2] 16/1/2008 10:39

why should the business be rated higher that a PE of 9,
The FD is on compassionate leave, sentiment towards the sector and market is very bad. As a previous poster stated the acciunts could have been outsourced, they are losing credibilty big time.
i am attempting to open a short position, cannot see any upside based on 0.6M Profit