Finsbury Food Share Discussion Threads

[smithie6] 26/7/2021 12:17

anyone out in the streets using any of the service sector, hotel breakfasts, finger cakes at cafés ?? is it a lot busier now than 1 month ago ?

[kazoom] 23/7/2021 13:03

Over the last 5 years they have pretty consistently reported Gross Margins of around 31% (Range 30-32). However revenues have been pretty flat over that period so it is hard to see how much OPEX might increase with revenue growth.

[smithie6] 23/7/2021 12:55

I'll answer my own question £17 million ! & cap. value of only £117 million cheap shares imo ------ cash generation running at about 15% of the cap. value ( if base calculations on the last half) versus 0-2% return in a bank

[smithie6] 23/7/2021 11:31

btw anyone know the gross profit that this co. makes or perhaps how much cash it generates per year, if base the calculation on the last data for a 6 month period ?

[spaceparallax] 14/7/2021 10:27

What a tremendous TS - hard to see the share price staying below 100p for long. The huge reduction in bank debt is amazing at a time when many businesses are being swamped with debt.

[smithie6] 03/6/2021 23:22

well, they have got the headroom imo if they wanted to do an acquisition(s) but with the big changes in the consumption in 2021 phps it's best to let things rebuild & stabilise before buying anything else, unless there are any cheap opportunities such as any cos. in admin./problems that want to be bought to get them out of a hole. (Finsbury has such a variety of factories & products & skills & outlet routes that phps its better to just make any new product itself rather paying X million to buy a different co. used to making it ??) phps the most profitable growth opportunities are in Europe, firstly via the existing 2 factories in Poland; which were expanded by Finsbury ...phps the co. might do another acquisition there or want to wait & try to fully utilise the recent capacity increase it invested in the acq.d co. in Poland, before needing/wanting any more.

[jpjp100] 03/6/2021 07:40

I'm pleased by the TS of course, but I am curious if there is any M&A action to be had anytime soon Hard to ignore the ultrapharm clanger, but the other acquisitions - including the big one of Fletchers, went really well and the market structure makes me think there are others that could be made to work

[spaceparallax] 27/5/2021 12:49

FIF must be due some big tips in the coming days on the back of that TS - makes you wonder what heights the share price might reach given its sharp rise already

[spaceparallax] 27/5/2021 11:42

Cafes very busy in my small market town, but they tend to do artisan foods

[smithie6] 27/5/2021 10:12

can anyone still in Blighty give some info about how busy cafés are ?? (btw few trades so far today, compared with the volumes yesterday but 2 trades gone thru for £10k & ~£9k, 2 trades a few minutes apart, which have moved the price to buy up by 1p, could well be from 1 buyer who thinks it's still underpriced, & I agree, I bt more yesterday) ----- a price rise the day after an 8% rise, rather than a fallback, is a good sign imo

[smithie6] 26/5/2021 15:26

well, the cash/debt situation is quite good now, due to the combination of time, profit & not having paid a divi since 2019 ((< 1 x EBITDA) & the heavy CAPEX years having ended (ref. co. info; about £50 million was invested over last 5-6 yrs)) (3.5p divi costs ~£4.55 million. (~130 million shares) & debt is low now wrt EBITDA so the co. can imo happily pay out the same divi as before or increase it, (big instituts & PIs like a rising divi) ---- nice to see the price rising again this afternoon even after a solid rise this morning more to come in coming days/weeks imo ----- & don't forget, if having a coffee in a café, have a (Finsbury) cake bite with it ! :-)

[spaceparallax] 26/5/2021 15:12

That would send out a strong signal Smithie - suppose it's a balancing act to allow sustainability of divi.

[smithie6] 26/5/2021 14:44

indeed. :-) ---- you think that the final divi will be 3.5-4p in 1 go ? (annual results to end June 2021, paid in ~ December) to compensate for no divi in 2020 & no divi for H1 in 2021

[spaceparallax] 26/5/2021 09:41

Superb update, couldn't be better and the reintroduction of the divi will appeal. 100pps here we come.

[smithie6] 19/5/2021 22:46

will any competitors be buying the raw materials needed to make bakery/cake products at a lower price ? clearly not. the prices paid by supermarkets etc to producers have to include the costs of the materials, whatever they are.

[cerrito] 19/5/2021 17:59

I bought some just after the interims came out in February as I needed more end of lockdown shares. I sold last week as I was concerned that the increase in soft commodity prices we have seen over the last months will hit their margins. I agree that they have a good balance sheet and will be interesting -though for me academic- to see if the headwind of commodity prices is stronger or weaker than the following wind of being end of lockdown.

[spaceparallax] 13/5/2021 12:22

Positive move by Apex

[spaceparallax] 29/4/2021 09:48

Looking positive here

[chrisb1103] 10/3/2021 17:31

Undervalued yes but needs the dividend re-instating. "The Board anticipates another resilient performance in the second half" - So why the delay ?

[spaceparallax] 10/3/2021 15:25

Welcome John, I agree the share is seriously undervalued and sadly this type of share does suffer due to trading; however, one day the mkt will wake up to the embedded value within this very well managed Company.

[johnsoho] 10/3/2021 15:01

Just purchased my first shares in this company; I think this is currently undervalued and by the end of this year we should be somewhere between £1.40 to £1.50 but as always, time will tell!!

[spaceparallax] 08/3/2021 15:03

A nice tick-up this afternoon

[battlebus2] 24/2/2021 10:22

Yep, should see £1 again once the economy opens.

[jpjp100] 23/2/2021 14:37

Happy enough with the results today. A bit of an improvement in Poland - I think the Board will have had quite a focus on that after pretty much telling us they over paid for it in the last results. I don't think that sat comfortably with the Directors. Massive pay down of debt that will position it well if it needs to raise again for an acquisition or similar. Strong trading in what has been a very difficult period All in all, marvellous stuff.

[spaceparallax] 22/2/2021 13:09

The results ARE down, but in the operating climate most businesses would give their right arm to have results like these coupled with a slashing by 35% of indebtedness. I'm very happy to sit tight and enjoy the divi and the inevitable share price recovery to more reasonable levels that properly reflect the performance, solidity and outlook for a very well managed business.