Finsbury Food Share Discussion Threads

[jpjp100] 18/6/2012 07:47

little piece in the ST yesterday about someone (can't remember name but was ex Ch of Scottish & Newcastle IIRC) investing £500k in Genius

[s34icknote] 13/6/2012 15:58

Hi all
Am back in this again
Looks like the bottom to me.
Have just got PFD back too !
Sick note

[sir rational] 12/6/2012 20:42

I've given up eating to save money.

So far lost 4 kilos.

Progress report: diet going well.

[sir rational] 12/6/2012 20:02

Food is not the flavour of the month.

No punt intended.

There'll be better months.

[woodcutter] 12/6/2012 19:07

You have to ask some serious questions about the financial mentality of some investors, very difficult to understand selling at this level. I guess we're all different or is it we're all individuals? Anyway next stop 20p at which point i will definitely top up my holding, if this keeps up i will soon have as many as you Boff. As reports of your wealth were greatly exaggerated, maybe you me and Aleman could make an offer.

WC

[boffster] 11/6/2012 16:52

I said 50p would tempt me, it would be a nice place for them to start the bidding :o)

[aleman] 11/6/2012 12:47

Not me, Boff. FIF are have generated £5m per year of shareholder value as debt reduction over the last 4 years and its creeping up. That would maybe rise to £24-25m over the next 4 years, whether it be debt reduction, dividend, buybacks, acquisitions or internal expansion of capital . You want to sell up for just over 4 years of added value? Where else could you put your money and get such good value? £1 would be more in line with a typical market rating on added value.

[boffster] 11/6/2012 10:33

For how much longer will the EV drop before we get a bid?

Note to any potential predators.... 50p/share will probably tempt me. :o)

[woodcutter] 08/6/2012 11:17

Interestingly i've noticed that the stocks that are holding up best in my portfolio during this banking/government wide crises are those paying a dividend. Be interested to see if anyone else is noticing this, so if we could see the return of even 0.5p this year it would hopefully see some buying activity and a rise in the share price

If their raw material cost remain subdued then i would assume any pressure by supermarkets on selling price will be covered by reduced costs. Thought about buying more but will wait to see it bottom out over a sustained period first. Next results and further debt reduction are key to the divi i think.

My horizons have always been long term so happy to watch and wait. At some point this financial mess will be over and companies on these very low per's will benefit.


Woody

[boffster] 07/6/2012 12:09

I think as you've alluded to Aleman, I think we will have seen a boost in sales for the jubilee weekend, which will hopefully have compensated for any weakness due to poor weather. Coupled with commodity prices looking to be easing a bit, I'm fairly hopeful for a decent report.

[aleman] 07/6/2012 11:54

Any speculation on the trading update next month? I was hoping conservative forecasts would be slightly beaten but I think the poor April weather will have had an effect, as so many companies have blamed it, e.g. Greggs and Halfords amongst many, and they may be marginally missed. That shouldn't stop a large amount of debt being paid off still,as weaker sales might see stocks stop expanding and absorbing cash and lower overtime/general staffing costs for the last few months. Also, the outlook for margins should remain good as commodities prices remain subdued. We had good weather for the diamond Jubilee build-up so stocks built up for that would probably have sold, even though the weather over the weekend itself was actually poor.

Any thoughts?

[boffster] 07/6/2012 11:32

Lol. Yes I noticed the same thing Aleman. Seems ok now

[aleman] 06/6/2012 22:30

Don't know what's up with ADVFN software (overawed by the Boffster, perhaps?) but I have come back to this thread several times as it insists on indicating one new post every time, even though there has been no new post for 2 weeks. I hope this one clears it.

[markt] 25/5/2012 14:25

Thanks...not often anyone agrees with me on a FIF msg board !

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Sadly I think that Europe is doomed in its current experimental format.....(to structure the economy and business of Europe, to compete and succeed in the global business world....it needs directing by business/economic experts imo, with years of experience in international business and MBAs etc)....a politician with no business experience or business qualification can not do it.

luckily the UK and Germany are run in a better way....although it may not look like it sometimes.....but both will suffer if Europe struggles since a lot of exports are to Europe.

(the situation with Spain is quite humourous at the moment.....with the PM begging for Merkel to agree to issue Eurobonos (at low interest rates) because lenders have no confidence in the Spanish PM or Spain......with the Spanish PM saying 'you can lend to us with confidence' while everyday there is more news from Spain of corruption, insolvent banks, illegal funding of the political party of the PM, etc.....and Spain does nothing to change or make itself more efficient, productive or modern. And Spain blames Merkel when they should be blaming themselves. And all the different Governments inside Spain are all busy fighting with each other instead of trying to improve 'Spain'!). the different Governments inside Spain will never agree to make Spain more efficient because to do so they would have to give back many powers to the Spanish central Govt. and they are not willing to do that. The same is probably the case in Portugal, Greece and Italy.

With 10 year loan rate to Spain now being around 6%...and the trend is up....Spain is close to requiring a bale out from Europe (I think that so far, Greece, Ireland, Portugal and Hungary have been bailed out)....and I recall that many said that Spain was/is too big.
So, worrying times for Europe.

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Most Eurozone Governments are only working at reducing their spending as their income reduces......and doing very little or nothing to try to make their business more competitive....or increase exports. (and they maintain a pile of red tape and taxes and delays ...all opposed to the business sectors)

[bonio10000] 22/5/2012 12:30

Let them eat cake !

[jpjp100] 20/5/2012 21:06

markt, I think you are close to spot on about Europe

[markt] 19/5/2012 18:03

Aleman
"It looks like you could sleep easy if you just bought a load of food shares as they are very steady."

he he
...like PDF !!
...or a variety of other food shares that have crashed or 'taken a pasting' !...

[aleman] 17/5/2012 14:50

Just plotted FIF against the food producers since the lows of 2009. It looks like you could sleep easy if you just bought a load of food shares as they are very steady. FIF does seem to relate to the index but with greatly magnified volatility, or high beta, if you like.

[woodcutter] 17/5/2012 14:23

boff

Unless they invent some miracle anti-aging drug i won't be around to witness that, but good luck.

Just waiting for it to settle before coming back in for more. Market seems crazy at the moment you never know we might se 20p again, could you believe that!.

Reduced my SGI holding a little and sold my BMS for small profit so have some funds available.

I'd like to top up here and IGR too. And will definately keep an eye on BMS for cyclical upturn.

Question is how much further will the general market fall.

Woody