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FIF Finsbury Food Group Plc

110.00
0.00 (0.00%)
20 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Finsbury Food Group Plc LSE:FIF London Ordinary Share GB0009186429 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 110.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Finsbury Food Share Discussion Threads

Showing 4826 to 4849 of 4850 messages
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older
DateSubjectAuthorDiscuss
08/11/2023
13:35
MTC,could be next .
applied1
04/11/2023
21:31
Looks like it has gone to dbay. It got a bargain imo
jpjp100
04/11/2023
12:37
Done deal now. Was an Arb play but share price is now at the takeout price. Those stake building since the takeover, will still have made money, with very little risk
lpavlou
03/11/2023
14:27
Sandgrove capital up to 5,75% of the shares, lots of things happening behind the scenes
kirmich
03/11/2023
13:52
Last man out switch the lights off.
battlebus2
22/10/2023
17:43
Needs to be 130p per share imo.

There is no credibility in any claim that the company is worth less per share than it was back in April 2018.

jpjp100
20/10/2023
15:43
Meetings adjourned - not enough support. The Board of Directors seem to be out of touch - have they been offered some nice cushy jobs under the scheme?
forensic
16/10/2023
17:10
Latest filing by Samson Rock shows it selling 795k shares
jpjp100
13/10/2023
07:04
I voted against too

I see that dbay announced its holding at 24.83%, so it could be well on the way to getting over the line



Sand Grove Capital Management LLPO has popped up with an opening position of 2.21% mostly acquired at 109.74, which is quite interesting

jpjp100
12/10/2023
22:11
I've voted against the deal.
forensic
10/10/2023
17:55
Maybe Samson Rock Capital is acquiring shares more quickly than dbay just now?

It is up to 7.64%

jpjp100
05/10/2023
07:31
Samson Rock Capital's holding in FIF is up to 4.11% now (and then 6.11% as reported 6 Oct)

Berry Street Capital Management and Cigogne Management are two that have increased their holding (directly / indirectly) too

It is still going dbay's way, but not wholly smooth sailing yet

jpjp100
26/9/2023
06:38
Good results with rev +16% and EBITDA +8.8%

More importantly, solid plans for the future. A 5 year automation strategy and more.

Mostly written (it seems) before the dbay bid came on the scene, but perhaps signalling something like it being in the pipeline, Duffy says in his review "The Board continues to explore opportunities to accelerate the growth of the Group through targeted acquisitions and strategic investments. Our strong long term credit facilities provide financial flexibility for the Group to pursue bolt on acquisitions as they arise, however, our low equity rating makes it difficult to deliver on our significant growth ambitions via larger transformational deals even when these opportunities meet our returns criteria."

jpjp100
24/9/2023
18:16
I expect this bid could flush out other interested parties.

110p is too cheap.

134.50 - the current all time high from Sep 2016 - could be in play again.

I am not saying that dbay won't end up taking control of FIF, but the share option (that the CEO seems to like the sound of for a wodge of his own holding) is a basic way of trying to stop the current big holders from saying no and just pushing for more cash.

The next move by Ruffer and Fidelity will be key to how this plays out.

jpjp100
21/9/2023
06:17
Update from LDG this morning about alternative to taking the cash etc.
battlebus2
20/9/2023
18:52
At a guess DBAY have been buying, they should if they want to increase their chance of no one out-bidding them.
jaknife
20/9/2023
18:50
Also important, who is buying today, 13 million shares today, about 10% of the outstanding shares. The notifications the next few days will be interesting.
kirmich
20/9/2023
18:36
The share price shot up virtually to the take-out price which is odd. Ruffer and Fidelity dont appear to have accepted, which is strange, unless they think there is another bidder out there.
lpavlou
20/9/2023
16:45
I think it might get rejected Smithie6
Dbay like to get a bargin as battlebus2 says
Some buying just over 110p today so maybe others think it could go further

ntv
20/9/2023
11:26
..the MD is not that impressed by the cash option & is imo taking mostly non voting shares

So, a chance the deal might be rejected by shareholders

smithie6
20/9/2023
09:00
Surprised by the price for the offer, only 10% higher than the price was only a short time ago.

RNS says recommended offer but the RNS text says that the offer is not recommended by the bod nor by the co. broker. Seems strange.

Will the big holders decide to take the offer or reject it ??

smithie6
20/9/2023
08:02
The more I look at it the more this is a steal a 110p.
battlebus2
20/9/2023
06:55
interesting times . I was just thinking about topping up my holding here ahead of the results but never mind
Not sure it is a done deal though. Lets see what happens. Good timing by Dbay i have to admit

ntv
20/9/2023
06:15
Yes very nice but not a fantastic price then again.
battlebus2
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older

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