Finsbury Food Share Discussion Threads

[spaceparallax] 14/1/2021 17:00

Tbh, having seen it's effects elsewhere, I'd prefer to see the Company using such funds to institute a share buyback policy, which would introduce improved share price stability and enable the Company's value to better reflect fundamentals rather than the impact of short-termers and traders.

[chrisb1103] 14/1/2021 16:44

Be nice to see us heading back to over a quid. Be good to see a decision on re-instating the dividend with the interims. Am a right that there's been nothing further said since this last September? "The Board is minded to reinstate a dividend for F21 and will provide an update as these unknowns pass and our outlook is more certain."

[cheshire man] 14/1/2021 15:39

Indeed spaceparallax,,,,,,,very happy to hold onto this one :-)

[spaceparallax] 14/1/2021 13:36

An impressive TS. Fif are a really well-run company who have managed to keep a close watch on debt, whilst remaining open to astute growth opportunities.

[cheshire man] 31/12/2020 11:18

Lovely end to the year here for us :-)

[lancasterbomber] 31/12/2020 10:14

Big move today is it waking up at last?

[spaceparallax] 30/11/2020 13:24

The graph does seem to be attempting another step up

[spaceparallax] 24/11/2020 16:47

It would be nice if FIF find themselves in a position to commence a share buyback scheme to mop the casual sells and hence attenuate the crazy share price volatility. Year in year out they perform well and yet the share price yoyos wildly despite their sound fundamentals. The share buyback has been a major influence in the recent surge in one of my other shares MWE.

[greg the grinch] 24/11/2020 10:13

The price rise is only half baked.

[cheshire man] 24/11/2020 08:31

Another push north this morning I see :-)

[greg the grinch] 23/11/2020 19:01

Always beat yourself up if the decision was wrong - work out why you were wrong and adapt your trading style.

[spaceparallax] 23/11/2020 18:13

Never beat yourself up if the decision seemed right at the time.

[bishan bedi] 23/11/2020 16:16

yes I 'nipped out' of 50% of mine at about 68p last week, similarly regretting the action with good old hindsight!

[sphere25] 23/11/2020 14:44

Nipping in and out of this. It's flying higher. Should have hung on from when highlighted down near 53p. Psychological scars from the slow coach turtle can get in the way!

[spaceparallax] 19/11/2020 09:15

A reassuring statement indeed.

[davebowler] 19/11/2020 09:06

Cenkos; Finsbury’s AGM statement confirms that trading has remained resilient in FY21E, with the group expecting to deliver improved revenue and profitability this year. As such, with visibility improving, we are reinstating forecasts (FY21E Adj EBITDA of £26.0m). We also update our rating to Buy (from Under Review), which is driven by the group’s low valuation (c7.7x FY21E P/E), planned reinstatement of the dividend (3.8% yield), and the increasing levels of FCF available to shareholders (11% FCF yield) now that the group has reached the end of a period of heavy investment.

[cheshire man] 19/11/2020 08:32

Yes very pleased with this update, happy i stuck with it and bought the dip :-)

[sphere25] 19/11/2020 08:29

Nice statement - resilient through the crisis and now recovering well. Also appears to be a reasonably bullish forward statement. Unless the ole eyes are deceiving, it would appear the price has broken out and is up at 68p. (double checks...) Wow, it really is! Well done for persevering with the turtle.

[bishan bedi] 18/11/2020 16:30

Well I had a little punt earlier in the week and was contemplating walking away with my 8% but I think I will hang on and see what the morning brings... thanks spaceparralax, and well within 26 minutes too!

[spaceparallax] 18/11/2020 16:27

No, but hopefully we will maintain steady progress.

[bishan bedi] 18/11/2020 16:04

So gents, do we expect fireworks and a massive rise tomorrow? You have 26 minutes to advise :) I will openly admit to having done no research on FIF recently, and have not even looked at the financials for about 24 months... Thanks!

[spaceparallax] 17/11/2020 15:28

Nice to see a little more life in the sp

[james188] 13/11/2020 18:07

I have held FIF for a number of years and admire the company, but the share price has gone nowhere (backwards, actually), despite the commendable efforts of management. I have reluctantly concluded that it is going to be a very long haul and that there are much better opportunities elsewhere, given current market conditions. So, I sold out a couple of days ago, at a loss. I wish the company well.

[callumross] 11/11/2020 12:01

And you can register to watch the AGM live here; https://register.gotowebinar.com/register/4815027910124953872