Finsbury Food Group Plc

0.00 (0.0%)
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% 92.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
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Industry Sector

Finsbury Food FIF Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

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Top Posts
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 now

The 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 underlying

not 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 statement

in 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

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 27/9/2022 10:28 by jpjp100
Good enough results for me too.

What matters most (imo) now is how competitors and potential acquisition targets are getting on.

To keep the Board busy & engaged, I think they need an acquisition to work on.

I hope FIF is out performing enough that they can find a way to get an acquistion on the hook at the right price.

Posted at 07/9/2022 14:34 by sphere25
Good spot NTV

This is highly irregular activity for FIF. It is an interesting battle to watch too and shows the amount of buying that is needed to make a share pop higher in this market.

Clearly it's not just the 3.1% LDG have picked up (think its London Finance & Investment group who held 3.9m i.e. 2.99% they cleared out) recently, it is also all the big blocks (potentially another one percent plus picked up) from yesterday and now you have more big bidding for shares in auction, which would be around another one percent of shares in issue.

Looking at other recent activity:
EBT acquired 680k in June to hold 5.1%
EBT acquired 717k in July to hold 5.6%
Fidelity moved from 5.37% to 10% in late June.

It is taking whopping big buying to get the price moving higher. It shows how the sellers sit in layers in size (almost covertly) at all the different price points and why alot of shares just can't move higher or hold the rallies out there.

Clearly FIF has a chance here with this level of demand so we must be trying to ride this one higher to at least that 80p mark (200 day moving average there too) but blooming hek it takes some right clout from the bulls to give the stale bulls/bears a battle in this market.

In a different market, the dynamics are completely different and much less buying gets the price moving and alot more rapidly. That time will come but it's a right grind at the moment.

But yes, an interesting example and the eagle eyed traders can clearly have the chance to profit if these things can be spotted.

All imo

UPDATE: 16:33 auction
500k bid @76p
750k bid @77p

And the auction closed without them getting any fill. Gonna have to bid higher to find more sellers.

And now we wonder how much of the company they want and up to what price. Go for 10%, go know you wanna!

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


It looks like some of the answers to the post above are being revealed.

Big buying continuing with delayed large prints:

2 x 200k@75p

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

Posted at 18/8/2022 12:53 by sphere25
3.7m print @ 69.5p

It's a big un for FIF. Someone clearly coming in to try and clear sellers. Chart range bound 68p vs 72p.

Let's see if there is any movement on the back of that big chunk or any more follow, including big delayed prints like SOM that can get the price making a bullish move.

They sounded confident they could navigate the challenges in the last update so maybe worth keeping an eye on. Long way off the highs if they do keep performing.

All imo

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