Fih Share Discussion Threads

[weatherman] 11/5/2017 12:21

From recent announcements they report 90p cash per share with the possibility of a return of some of it to shareholders. Of course it depends on the formation of a new board. But a reasonable approach would be to return 45p per share through a special dividend, plus re-instate a 15p annual dividend - approx. 5%.

All imo

[saints98] 02/5/2017 22:14

This looks like a reasonable outcome. Clean for Rowland who can sail onto pastures new and he gets his 300p. Holders get an investor who has been around a while (looks like went over 3% just over 2 years ago)with plenty of experience of micro-caps. They seem to have a few in Canada. Only other UK holding i can see is 25% of Produce Investments (potatoes), a stake they bought from Tosca in the last year. Were big holders in Fyffes which got bought out by the Japanese a while back so i guess there was plenty of cash washing around. Own a collection of Canadian microcaps too.

[weatherman] 02/5/2017 20:14

I guess a Marital fund is for Jerry Zucker's widow?

[bokorbilly] 02/5/2017 11:01

Well, its look like we won! Rowland out with his tail between his legs. The Zucker Trust has been a long-term shareholder, and I imagine will want their own NED/ Chairman. Let's hope the other private shareholders are also able to get an NED to represent the non-institutional shareholders.

[gheebee] 24/4/2017 10:04

And having demonstrated that the independent directors were nothing like independent, they are looking for a truly independent director. Just one.

[weatherman] 22/4/2017 16:52

Profit would have been £0.5m higher without the Rowland bid. I wonder if they are feeling generous and wish to repay it? Or WH Ireland whose advice to sell at 300p was clearly rejected by the majority of shareholders.

[eburne1960] 21/4/2017 00:02

So, they cancel the div to make sure there's cash for acquisitions, now they say they're still on the lookout for acquisitions but could return some cash to shareholders. Why not just reinstate the div? Are they taking consistency lessons from Theresa May?

[weatherman] 20/4/2017 21:35

So, may get a special dividend.

[eburne1960] 18/4/2017 20:25

Would be nice!

How about: disposing of one or both of the UK businesses. With the Falklands finally looking like coming good, and Argentina/UK relations improving, perhaps it's time to ditch the defensive bits and concentrate on the prospects in the Falklands.

[weatherman] 18/4/2017 17:09

"The Board of FIH will be issuing a customary Trading Update via RNS on Thursday 20 April 2017 outlining details of the Company's expected trading results for the year ended 31 March 2017, which remain subject to audit. The Trading Update will include details of the Board's views on the strategic direction of the Company following the lapsing of the offer by Staunton Holdings Limited, the decision of Dolphin not to proceed with an offer and the recent changes in the composition of the Company's shareholder register. "

It looks like major new shareholders are putting pressure on the board for a change of direction. Maybe we'll get a dividend payment back !

[gheebee] 13/4/2017 19:38

I don't think rights need to be reserved so I suppose its a cliche.

[weatherman] 13/4/2017 18:50

Dolphin is not going to make an offer at the present time, but reserves the right to increase its holding.

[weatherman] 11/4/2017 10:50

The price is sill above the 300p offer despite offer ending and FIG letter undermining Dolphin's possible bid. Some buying behind the scenes.

[eburne1960] 10/4/2017 12:11

Surely if the company already owns its land a change in beneficial ownership of the company won't make any difference? The letter from the FIG seems irrelevant, or am I missing something?

[aukley] 07/4/2017 16:49

Thank you for reply.

[eburne1960] 07/4/2017 16:33

Yes - as it says in the RNS the shares have been returned to accepting shareholders.

[aukley] 07/4/2017 15:59

Does lapsed mean that they have withdrawn the offer?

[weatherman] 06/4/2017 08:25

So bid has lapsed...only down a tad.

[weatherman] 05/4/2017 16:37

It shouldn't take long for the Rowlands to count up their level of acceptances :)

[weatherman] 05/4/2017 09:07

So, Fidelity has used this bid process to exit a sizeable holding. Can it be that they put pressure on Rowland to bid so they can sell in the market? Does Rowland family really want to win all of FIH? Why else stick so rigidly to a losing position? FIL shares seem to have been sold above the bid price to people / inst. who seem keen to hold on against the bid. I don't see any other inst. rushing for the exit?

[eburne1960] 04/4/2017 16:01

None - I was speculating. And as it turns out a JFC Watts has bought it, adding to his/her stake.

[weatherman] 04/4/2017 15:56

What evidence do you have that it is Dolphin ?

[eburne1960] 04/4/2017 15:33

So... has Dolphin snapped up FIL's stake?

[weatherman] 03/4/2017 21:02

I had the same - I told him I thought it was worth 450p, and he should feed this back to Rowlands.