Finsbury Food Dividends - FIF

Finsbury Food Dividends - FIF

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Finsbury Food Group Plc FIF London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 68.50 07:30:32
Open Price Low Price High Price Close Price Previous Close
68.50 68.50 68.50 68.50
more quote information »
Industry Sector

Finsbury Food FIF Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

cerrito: I do not currently have shares in these but they are on my watch list to buy back on. Lex in the FT pointed out that shares in the top US processed food makers-Kraft Heinz, Campbell, Kellog and General Mills-have gone up from 2.5pc to 9pc this year with the S&P down 14pc. Kellogs and Cambells had av good first quarter. Need to be careful drawing comparisons with FIF but does make you think
thecroots: FIF have increased prices to mitigate some of the costs pressures. Therefore, we should see a decent like-for-like increase. Most retailers/producers have had no choice but to pass on costs Often, institutions will reduce holdings in a share when it falls below their stop loss. Like us, they all have strategies and will want to protect their clients interest in their portfolios. Its quite normal.
spaceparallax: Surely most businesses will be affected by such factors but probably not as well managed as FIF.
tole: penny stock for cake loversMy final share is one I already own. Bread and cake producer Finsbury Food Group (LSE: FIF) makes a wide range of fresh products stocked by supermarkets in the UK and parts of Europe.Finsbury's share price has fallen by more than 30% since then end of 2021. That's left the stock trading on a potential bargain rating of just six times forecast earnings.Although management admits the company is facing pressure from rising food, energy and wage costs, Finsbury has a decent track record of managing these issues.Finsbury's sales rose 9% to a record £166.5m during the first half of this year. Although adjusted earnings fell 18% to 3.6p per share, City analysts expect full-year earnings to be unchanged from last year at 9.1p per share.I think there's scope for Finsbury shares to re-rate quite quickly, especially if price pressures ease. I'm continuing to hold this penny stock in my ISA as we enter the new tax year.
spaceparallax: Fortunately the FIF management have a strong track record for managing the process very effectively to mitigate such impacts that will affect this and many other industries
jpjp100: a tough half year for the company I think the Lightbody Stretz transaction has been in the works for some time and the decision to do it and announce it at the same time as the interims was in an attempt to provide something positive to offset the weaker profits / EPS Anyway, revenues & volumes are up and the restatement of the intention to continue to be on the doing side of industry consolidation is positive imo Hopefully foodservice gets back up to full speed quickly as the covid restrictions continue to come off A lot depends on how fif has come through the last couple of years compared to its competitors now. There could be some interesting opportunities that open up as that becomes clearer
km18: ...from last year... Company overview: Finsbury Food Group is a specialty bakery manufacturer based in the UK. The Group is engaged in the production of cakes, bread and bakery snack products for retailers and foodservice channel. The group has under its umbrella eight manufacturing facilities and bakery companies, and one distribution company, across the UK and Europe. Company’s focus is achieving baking brilliance, through ever rising standards and effective work as a group. Growth strategy is based described as blended, with continuous R&D expenses over the last decade, supported by numerous acquisitions. As a result, the goodwill in 2020 was at 335 of total assets. Last year there was also an impairment of £7.5m which, unfortunately, managed to wipe out almost all of the profits, meaning the intangibles should be observed closely. Fundamentally, the company, just about covers the 4-star rating for us. The growth in revenue has not been continuous, and as we stated, last year they made a very small profit for the period. However, the company has a proved history of its ability to retire debt, and in the last 2 years they are also repurchasing shares. Cash generation is strong, and revenue is more than double the current market cap, providing good opportunity for stock appreciation. Latest communication from the company are the preliminary results and they look stellar. Group revenue is up 2.3% to £313.3m, which is above the Stockopedia prediction of £309. Where the big numbers come is on PBT level, where the company is 493% ahead of 2020, with a profit of £17m, and gross margin is up 1.7% to 32.9%. If we apply the same tax rate as in 2019 (on PBT of £13m) Net profits should arrive at roughly £12.9m; with 132m TTM shares reported on Stockopedia, EPS arrives at 9.77p. which is way above the 2020 figure and the forecasted 8.9p. The strong trading is firmly supported by recognition of their product excellence and further innovation in line with consumer trends....from WealthOracleAM
jpjp100: Even as a shareholder, I would have accepted the company being hit harder for the pollution of the river. It disappoints me that has happened. The Pre close includes encouraging pointers to the foodservice business coming back to life well & the overseas business hitting decent turnover numbers too. Overall I am still here because the management team is top notch & the industry needs more consolidation. I think the current FIF Board has the appetite to do at least one more decent sized deal and to integrate it successfully. I watch with interest.
smithie6: Memory Lane Cakes (part of FIF I am sure) fined, £26k + £13k costs, for polluting river. ---- "Asking for any fine to be proportionate, Mr Rootman told the court that the company, which employs 850 people at the Cardiff site, had a turnover of £70m but made just over £700,000 in profit - around 1%. "It's a very low margin business," he said."
smithie6: AGM statement ....inflation, drivers etc "We have responded quickly to mitigate much of the impact of these challenges through commercial negotiation and other initiatives. " so, they have been affected but no numbers for how much they have been affected ---- via 'negiotations' & other initiatives (some stuff they will struggle to pass on quickly to selling prices imo...."much of the impact" shows that some stuff is not getting passed on) but how quickly do those allow FIF to increase its selling prices to supermarkets ? if contracts get re-negiotated every 3-6 months for input cost inflation then it hits profits. if it is every week (impossible imo) then some input costs inflation would not have any impact ---- some things will not be negiotable imo, such as internal wage inflation, otherwise FIF could just increase all wages by 20% & not see any -ve impact from supermarkets, obviously impossible. (although an index for UK wage inflation could perhaps be applied, if supermarkets agreed to that; but supermarkets are famous for screwing down their suppliers on prices
ADVFN Advertorial
Your Recent History
Finsbury F..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220707 14:26:57