Finsbury Food Share Discussion Threads

[bonio10000] 14/11/2012 10:37

That is still a fair old dilution if you also account for the options to directors at 20p ish. At some point they will exercise those.

[spaceparallax] 14/11/2012 10:18

I don't understand the share price dip - given the tremendous surge in share price over recent months, the 38p issue price represents a huge vote of confidence. Won't be long before we're heading back towards 50p.

[topvest] 14/11/2012 08:47

Good news I think as not too dilutive and paves the way to get to a gearing level that triggers a dividend and re-rating of the shares.

[bonio10000] 14/11/2012 08:00

And line their pockets.

[this_is_me] 14/11/2012 07:47

If they are investing the money over 2 years they could do that from cash flow. It looks like they are really going to use the money to reduce debt and then use cash flow for the investmnent.

[bonio10000] 14/11/2012 07:39

Not to mention the options they granted at rock bottom prices.

Not sure what to make of a placing for such a relatively small amount.

I guess you have the rationale of the annual savings vis-a-vis the fact they had to do a placing to generate £4m.

Hmmm..

[this_is_me] 14/11/2012 07:30

All the in crowd get shares cheaper than the rest of us can.

[this_is_me] 07/11/2012 21:12

Yes I don't bother to read threads where there are vast number of posts by the rabble even if eg. LGO I am making a lot of money there.

[aleman] 07/11/2012 12:45

I've been bargain hunting in PFD in the past and eventually decided the management were trying to hold on to too many big legacy brands which supermarkets were squeezing margins on rather than selling up and spending on proper innovation in their best markets. I decided FIF's and ZTR's policy of greater innovation spending to bring out new products with maintained or higher margins fitted the times better. I have looked at PFD a few times since and, having missed the recovery, also concluded the shares were getting a bit ahead of themselves. THat's what you get where there are too many day traders - the world is ending or they've found the holy grail.

[woodcutter] 07/11/2012 12:14

Aleman

You may well be right, premier foods recent product sales seem to have caught the attention of investors and the share price has risen quite a bit. I haven't looked in detail but a while ago i had a quick review of the balance sheet and wasn't over impressed. There's rather too much debt both borrowings and pension. The other point worth noting is that although these product/factory sales are going to help reduce that debt it leaves less of an ongoing business to service the remaining debts. Haven't done any sums just sense it's still got a lot further to go to prove a worthwhile investment.

I think the premier share price may have possibly got a little bit ahead of itself.

I think we're (fif) about the lower end of were i expected for now but i still see value and further upside so continue to hold. May even top up after selling my sgi and ztf i'm in a quite a bit of cash now.

Woody

Have you looked at pfd? any thoughts.

[aleman] 07/11/2012 11:39

Food producers are having a good run lately. There's been a bit of corporate activity, which helps. I've previously run comparisons (Enterprize/EBITDA, cashflow minus debt, P/E) which suggested FIF should be more like 60-80p to bring its rating into line. The ratings of its peers have moved up a bit more.

[woodcutter] 07/11/2012 10:24

sicknote

looks like your igr wish has been granted

Woody

[aleman] 06/11/2012 10:13

And a big buyer under 40p? At a market cap of just over £20m, I wouldn't be surprised if some small funds were starting to buy while some that have been trapped for 5 years are offloading a bit.

[this_is_me] 06/11/2012 10:06

It looks like we have a big seller above 40p.

[cockneyrebel] 05/11/2012 21:09

that's a lovely chart here with such a steep leg up and the second leg in the making.

Should be bags of fun when it breaks out imo.

CR

[s34icknote] 05/11/2012 19:30

Lets hope IGR do the same !

[boffster] 05/11/2012 12:53

Word on the Square Mile is that Aleman is about to exceed the 10% shareholding limit, and is therefore expected to make a bid.

:o)

[woodcutter] 05/11/2012 11:11

There's a lot of activity today, much more than usual.

[cockneyrebel] 05/11/2012 10:10

Buyers back in today - trading update at the end of themonth should attract more buing too as it approaches, imo.

[s34icknote] 05/11/2012 09:42

Could be heading for 8 times earnings !!!! 60 P !!!!

[this_is_me] 05/11/2012 09:29

Yes, up 8% first thing when the FTSE is down 0.6% is encouraging. 40p is the last historical level that chartists would see as important.

Still grossly undervalued.

[battlebus2] 05/11/2012 08:05

Yes a great start to the week :))

[woodcutter] 05/11/2012 08:04

looks like suuports been reached and we're off again.

[boffster] 02/11/2012 23:20

Aleman - myself and a pal will be going, we're planning on sampling a few ales around the city after the meeting, if you can make it you'd be welcome to join us :o)