Finsbury Food Share Discussion Threads

[sphere25] 26/11/2019 10:26

Another significant chunk (1.47m) mopped up this morning. Clearly large demand in the background. Hopefully that signals the end of the consolidation phase and the stock can push on higher. UPDATE 28/11/2019 A good show of confidence out. RNS shows Ruffer adding to their already sizeable position, increasing their stake to over 18%. Clear up the loose stock at these levels and a break of 85 will be on for a very significant move imo. UPDATE 13/12/2019 Buying again this morning. Alot of the large caps have been marked up and folk are chasing stocks higher. Many small caps like FIF will lag, which provides a nice opportunity before the stock catches up with the wider market rally.

[topvest] 21/11/2019 21:23

A well run company.

[jpjp100] 21/11/2019 06:23

Agm statement is, IMO, further positioning fif as an acquirer / consolidator... if opportunities present themselves... at sensible prices

[sphere25] 20/11/2019 09:52

Nothing untoward in that statement - all on track with momentum maintained and the strongest position in recent years. Headed to test £1 - abit of patience required.

[spaceparallax] 20/11/2019 09:49

What a bizarre thing the Mkt is - a super positive trading statement, despite the Country's economic woes, and yet the share price dips!

[sphere25] 06/11/2019 09:54

As per my posts above, ALL the previous selling has been absorbed by large buyers with the stock continually creeping higher. It is looking a tad perky this morning and threatening a further break higher. A gradual move to test £1 is the target.

[spaceparallax] 17/10/2019 15:36

SP showing a little life again

[sphere25] 03/10/2019 08:47

ALL that selling and yet the stock is creeping higher. Interesting that ;-) Perhaps this is one of the handful of stocks that can outperform the chaos in the wider market.

[s34icknote] 30/9/2019 11:11

Lots of chunky selling going onSicknote

[sphere25] 23/9/2019 07:19

Some whopping big volume exchanges last week with significant volume on both Thursday and Friday. Clearly serious interest in the background as the volume on Friday of over 10m is the largest since 2013.

[sphere25] 18/9/2019 11:20

Ok folks, further to the post below, I'm accumulating stock. Stock is hard to get hold of, but there is too much value to ignore. There is alot of demand coming in from other buyers too. Edit: Price has got away abit. Price spiked shortly after this post. Wait for a pullback now. ------------------------------------------------------------------------------- Sphere25 16 Sep '19 - 12:03 - 2048 of 2056 Edit 0 0 0 Yes, this one looks interesting as it has already been...err... creamed from over 120. - Strong growth in H2 with continued confidence into the new year - Net debt has risen primarily because: "On 3 September 2018 the Group acquired the entire share capital of Ultrapharm Limited (Ultrapharm) for £16.9m" Also, costs relating to closure of bakeries and acquisitions of about £3.5m Unsure how many more exceptionals to come, but with capex expected to fall (see below), there is a nice chunk of operating cashflow to cover the capex and the dividend, so debt should come down gradually. "With the Group now in its strongest position in recent years and having completed a period of intense investments including the IT platform roll out and the new Free From bakery in Poland, we are expecting to significantly reduce our capital spend going forward as we focus on driving further efficiencies from the new systems and processes and utilise our additional capacity" So with the strongest position in years, growth to come, a single digit p/e and a yield of 5%, there does appear to be a fair bit of doom and gloom priced in here. Once more, it boils down to the length of political meddling and whether that affects things here materially or whether the worst is now in, particularly considering the already resilient performance. I'm certainly tempted!

[jpjp100] 18/9/2019 06:00

Good performance Line drawn under previous ‘investment217; period Can’t stand still though... will be looking for acquisitions and will be well placed to buy given it’s 10 year record I like it, but it mmust keep the pedal pressed

[spaceparallax] 17/9/2019 12:13

I think they made quite a profit on the sale and were keen to re enter the mkt when the exclusion agreement expired.

[topvest] 17/9/2019 11:46

Agreed. Very strong management in a tough environment. The only thing that I never really understood is why they sold their gluten free brand, only then to buy another a few years later. Anyone understand?

[spaceparallax] 17/9/2019 11:32

The Management has been exceptionally good over the last decade - they've really stabilized the finances, improved efficiency and shown vision in pursuing complementary opportunities.

[s34icknote] 17/9/2019 10:12

Looks a steady ship . Good div and expansion. Doubled up yesterday after results .Sicknote

[cwa1] 16/9/2019 16:44

An excellent contrarian buy signal I feel...

[buywell3] 16/9/2019 16:18

long term chart IMO looking iffy results did not impress me much

[topvest] 16/9/2019 11:35

Always a solid performer in my view. Results are pretty good. Much better value than it was.

[sphere25] 16/9/2019 11:03

Yes, this one looks interesting as it has already been...err... creamed from over 120. - Strong growth in H2 with continued confidence into the new year - Net debt has risen primarily because: "On 3 September 2018 the Group acquired the entire share capital of Ultrapharm Limited (Ultrapharm) for £16.9m" Also, costs relating to closure of bakeries and acquisitions of about £3.5m Unsure how many more exceptionals to come, but with capex expected to fall (see below), there is a nice chunk of operating cashflow to cover the capex and the dividend, so debt should come down gradually. "With the Group now in its strongest position in recent years and having completed a period of intense investments including the IT platform roll out and the new Free From bakery in Poland, we are expecting to significantly reduce our capital spend going forward as we focus on driving further efficiencies from the new systems and processes and utilise our additional capacity" So with the strongest position in years, growth to come, a single digit p/e and a yield of 5%, there does appear to be a fair bit of doom and gloom priced in here. Once more, it boils down to the length of political meddling and whether that affects things here materially or whether the worst is now in, particularly considering the already resilient performance. I'm certainly tempted!

[spaceparallax] 16/9/2019 08:35

Very impressive results - especially so in these difficult times. The mkt response speaks volumes and is likely to continue as the news spreads.

[buywell3] 16/9/2019 06:27

AS buywell reads these results Profit is down circa 9% on 2018 and The Group's total net debt is up to £35.6 million (2018: £15.6 million), up £20.0 million from the prior year.

[studentinvestor13] 27/7/2019 11:24

I have bought in here on Friday because it looks far too cheap and the business has not let margins slip in a really tough trading environment so as this starts to ease and because of the massive capital renewal I really think this can kick on. 9x pe target price so 87 pence. Nice defensive stock if the market wobbles And as a leading UK independent baker I wonder if anyone is running the rule over these guys at these levels

[jpjp100] 18/7/2019 06:46

Strong TS I think the previous sale was ok at the price achieved Ultrapharm could end up being better by helping get things going outside the UK

[spaceparallax] 15/7/2019 12:49

SR, you're not wrong about the sale but they did obtain a decent price; presumably their agreement to self-exclude from that sector has now expired.