Finsbury Food Share Discussion Threads

[s34icknote] 07/4/2020 09:08

Seller cleared ?Sicknote

[studentinvestor13] 24/3/2020 15:51

I've topped up

[kirmich] 20/3/2020 18:26

4,5 million shares traded at 0,55 on 132 million shares, nice, i bought in today after the fall

[jaknife] 25/2/2020 18:12

Very strange price action, it looks like someone spiked the close to try to make sure that it closed up on the day.

[jpjp100] 25/2/2020 17:52

nice update: good results, cautiously optimistic, considering acquisitions at the right price opportunity to kick on in Europe with the new capacity in Poland that needs to be made to pay it's way overall good

[spaceparallax] 24/2/2020 22:07

Impressive results year on year from FIF

[battlebus2] 24/2/2020 07:39

Good results and nice increase in the dividend. Confidence on FY.

[sphere25] 27/1/2020 13:19

Finsbury Foods (FIF) Who’s trading? Citywire AAA-rated Ken Wotton & Brendan Gulston The trade: Gresham House’s small cap experts upped their stake in commercial baker Finsbury Foods from 2.1% of the shares to 3.9%. How have the shares performed? From a low of 63p in early September Finsbury has rallied to 98p, still below a 2016 high of 136p. What does the company say? In a recent update, Finsbury chair Peter Baker said the business had ‘significantly outperformed’ its market late last year and was now in its ‘strongest position in recent years’ despite wider ‘consumer malaise’. In the year to June the company reported earnings per share 329% higher at 7.3p. What’s the outlook? Following its November update broker FinnCap noted the company was booming as ‘UK grocers are turning to operators such as [Finsbury] to develop distinct and differentiated private-label products,’ rather than chase Aldi and Lidl on low pricing. The recent rally has overshot an average City price target of 93.5p, however.

[spaceparallax] 27/1/2020 10:45

Thanks Casper

[spaceparallax] 17/1/2020 10:16

Hopefully the passage of time will see a return on their investment.

[jpjp100] 16/1/2020 20:30

The UK business (£278.5m) is bigger by far than Overseas (£36.7m), but having spent £17m and investing many hours of management time into it, I was expecting - or, at least, hoping for - better

[spaceparallax] 16/1/2020 11:46

I'm very happy with the TS given the political and economic uncertainty of recent months. It would be nice if the overseas figures were positive too but the fact that the overall numbers are up 4.7% suggests that the domestic figures contribute the lion's share of trading.

[jpjp100] 16/1/2020 11:14

A nicely bland pre-close statement The 5.8% UK bakery growth is good news The 3.5% overseas decline is bad news - I understand that a lot of the Ultrapharm business is in that bit and it would be a disappointment if that acquisition wasn't delivering results yet.

[sphere25] 13/1/2020 14:02

Stream of buying currently coming in. Very easy to spot in a stock like this. Might have been tipped. Next leg up possibly. EDIT: One of the other things out there today is a report on the bread market where FIF are mentioned: https://instanews247.com/bread-market-to-reflect-impressive-growth-rate-during-2019-2027-aryzta-ag-britannia-industries-ltd-premier-foods-plc/ Too much of a lag for that though. MARKET CLOSE UPDATE: Lovely breakout over that key (and bizarrely psychological) £1 mark with someone coming in to mop up a tidy 900k and 800k shares @98.5p to aid the move. Next stop £1.10. All aboard! 14/01 UPDATE: Very poor follow through from the promising move yesterday. Folk have sold the tip...the very next day. Clearly not a convincing tipster! :-D There should be a trading update any day now. Last year was mid January. Nothing on the investor relations website to confirm the date. I'd expect the update to be in line with market expectations. 16/01 UPDATE: As expected, trading in line. However there is some caution (as per previous statements) and the rate of growth has slowed: Agm update on 20th Nov: "Sales for the first four months of the new financial year grew by 6.4% to GBP101.5m" Today: "The Group generated total sales of GBP159.4m in H1, representing a 4.7% increase versus the equivalent period in 2018"

[spaceparallax] 19/12/2019 17:30

Sadly, it's a share that, despite its rock solid performance during recent difficult times, is subject to the manipulative vagaries of the mkt that yield substantial share price drops on the back of modest trading and modest rises from substantial trades. FIF share price bears little relationship to the Company's financial performance.

[jaknife] 19/12/2019 09:44

It's just very cheap, not sure that it needs tipping.

[sphere25] 19/12/2019 08:54

Tipped? There was a noticeable barrage of buying yesterday afternoon. This board is dead, always a good sign. Slow and boring one's are usually the best. Trickle up, consolidate, trickle up, consolidate - that will do.

[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 16:36

SP showing a little life again