Finsbury Food Share Discussion Threads

[s34icknote] 04/7/2012 22:24

Could be back over 30p by Friday!!!!

[aleman] 04/7/2012 17:49

And shouldn't it be RNSed as price sensitive information? Or is it already supposedly in the public domain? I don't really think it matters that much in the long term scheme of things but it can be surprising how such things turn sentiment in the short term.

[boffster] 04/7/2012 17:08

Wonder if this is anything to due with it. Apparently we're suing some equipment suppliers for nigh on £7m.

[boffster] 04/7/2012 16:18

Wonder what's occurring

[woodcutter] 04/7/2012 12:16

With the number of shares held by directors there is every incentive to get a dividend policy back in place, lets hope they see that too.

Woody

[aleman] 04/7/2012 11:09

That's one of the things I've thought odd about the forecasts. The analysts seem to want to start at a chunky 1p (in the context of the current price) but think that might not be appropriate for the year just ended and opt for 2012/13 or 2013/14 for it to start. I think it would make more sense to have a modest start of 0.3p final this time, then progressive rises of maybe 0.2p+0.4p and 0.3p+0.6p. This would send a strong recovery signal to the market while still applying most of the cash to debt reduction (even if, personally,I think debt is now manageable and would like to see it reinvested for growth).

[boffster] 04/7/2012 10:34

Agree, dividend restoration would send a clear signal to the market that it has got this one wrong and that recovery is well underway.

[woodcutter] 04/7/2012 10:26

Aleman

Whilst i agree with your sentiments entirely and although sicknote seems to have called the bottom right i think the key to getting the share price moving in a much more positive manner is the restoration of the dividend, which at even half a penny would be a very worthy move.

Up again today, we might see 30p again soon.

WC

[aleman] 02/7/2012 16:43

I seem to recall there should be a small amount of deferred consideration left - only about £600k.

[boffster] 02/7/2012 16:28

Any guesses as to the debt position at year end?

I'm going to say bank debt down to £32m and deferred consideration paid off

[s34icknote] 02/7/2012 13:42

Well looks like we gradually getting back on track.
Something will give eventually just a case of how long it will take.

[aleman] 02/7/2012 12:26

I've had a look and couldn't find it. I couldn't find an events calendar, which I thought was compulsory now under stock exchange regulations that came into force about a year ago. (Anybody know?) Most companies have them, though I keep finding odd ones that don't.

[skinny] 02/7/2012 12:25

The website just says July 2012.

[boffster] 02/7/2012 12:16

Come on ya wee dancer! only another 50p to go till we're getting something like fair value.

Aleman, I don't know a date yet but I will try to find out, I think it will be posted on the companys website

[aleman] 02/7/2012 10:37

You could also argue the shares are just coming back into line with the market this year - rising a bit, falling some, and then recovering to where they started the year. That would put FIF at around 28p but, then, some shares follow market trends and some don't.

[aleman] 02/7/2012 10:05

I would imagine a few here are buying ahead of the year end trading update after biding their time as the shares drifted down to depressed levels, possibly (I'm guessing) led by sale of some employee options which matured recently.

Anybody got an inkling of the date for the update?

[edale] 02/7/2012 09:38

Anybody know why the upturn ? Is something about to be announced, has it been tipped or are people just realising it is undervalued.

[aleman] 29/6/2012 11:20

Dairy Crest has just sold its St Hubert French dairy spreads business for 9 times EBITDA to a private equity company. It is going to use the £340m to make UK acquisitions to add to its UK dairy businesses, with possibly some debt reduction and a special dividend. (DCG market cap is £440m for comparison and St Hubert produces only about 1/3rd of profit.) THey won't be buying FIF but it highlights how private equity will pay good prices for solid cashflow food businesses and that there are buyers for cash generative UK food businesses because of the cheap prices the market is offering due to overblown debt fears. FIF doesn't have St Hubert's market leading position and strategic potential to a large European buyer but only trades on 1/9th of the rating at 1 times EBITDA.

These food industry acquisitions keep happening at higher prices than UK companies trade at.

[woodcutter] 27/6/2012 13:52

Aleman

So did i, as was my original post, good to have some light hearted banter, keeps the interest going.

Woody

[bonio10000] 27/6/2012 13:28

Clearly.

The smiley face on the end was a give away.

:o)

[aleman] 27/6/2012 13:16

I took Boff's post as being in jest.

[woodcutter] 27/6/2012 13:05

boff

Get a sense of humour old pal. Looks like i wont see the 20p i was hoping for. Went to top up yesterday at 23p just after my post but bloody wife distracted me and didn't make the purchase. Nice to see it up again today though.

Woody